All four initial public offerings (IPOs) on last week’s calendar successfully reached the public market and combined to raise a total of $1.1 billion in new capital. Another high-tech firm and one medical device maker plan to test the market in the coming week.
First a recap. Enterprise software maker MuleSoft Inc. (NYSE: MULE) raised $221 million pricing above its expected range at $17. The stock got a first-day pop of 46% on Friday. Parka maker Canada Goose Holdings Inc. (NYSE: GOOS) also price above its expected range and raised $253 million. Shares got a first-day pop of 27% and closed the week up 36%.
Packaged goods container maker Ardagh Group SA (NYSE: ARD) raised $308 million with a first-day pop of 21% before closing the week up 16%. Hydraulic fracking service provider ProPetro Holding Corp. (NYSE: PUMP) priced below its expected range and managed just a 4% first-day pop.
Through the week ending March 17, IPO ETF manager Renaissance Capital reported that 23 IPOs have priced in the U.S. so far this year, up 229% year over year. Total proceeds raised through last week equaled $9.7 billion. For 2016, Renaissance Capital reported a total of 105 IPOs, down 38% year over year from 170 in 2015. Total 2016 proceeds amounted to $18.8 billion compared with a 2015 total of $30 billion. Renaissance Capital does not include best efforts or blank-check companies in its totals, nor does it include IPOs that raise less than $10 million.
Top 5 Medical Stocks To Invest In Right Now: Quidel Corporation(QDEL)
- [By Lisa Levin]
Quidel Corporation (NASDAQ: QDEL) shares were also up, gaining 8 percent to $44.31. Piper Jaffray upgraded Quidel from Neutral to Overweight.
Equities Trading DOWN
Top 5 Medical Stocks To Invest In Right Now: Liberty Interactive Corporation(LVNTA)
- [By Lisa Levin]
Shares of General Communication, Inc. (NASDAQ: GNCMA) got a boost, shooting up 63 percent to $33.43 after Liberty Interactive Corporation (NASDAQ: LVNTA) announced plans to acquire General Communication for $1.12 billion.
Top 5 Medical Stocks To Invest In Right Now: Luxoft Holding, Inc.(LXFT)
- [By Steve Symington]
Luxoft Holding(NYSE:LXFT)announced strong fiscal fourth-quarter results on Monday, after the market closed. Similar to its modest post-earnings drop in February, shares of the software development specialist fell 3.6% on Tuesday as investors absorbed the news.
Top 5 Medical Stocks To Invest In Right Now: Regions Financial Corporation(RF)
- [By Sean Williams]
Income investors often turn to bank stocks when looking for a steady dividend, but few offer the dividend growth potential of Southeastern regional bankRegions Financial (NYSE:RF).
- [By Jon C. Ogg]
In the super-regional banks that are not money center banks, Regions Financial Corp. (NYSE: RF) was up 6.3% at $13.22, and Zions Bancorporation (NASDAQ: ZION) was last seen up 3.8% at $38.30. They would both do better with lower regulatory costs and be able to better compete against larger banks when their stress test results had not been as strong.
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Regions Financial (NYSE: RF) has $125 billion in SIFI-measured assets and also focuses its operations in the Midwest and Southeast. A cost-saving initiative has helped the bank increase its earnings and savings goals for two quarters and management now believes it can complete the program, saving $400 million in expenses a year earlier in 2018.
Top 5 Medical Stocks To Invest In Right Now: American Eagle Outfitters, Inc.(AEO)
- [By Chris Lange]
American Eagle Outfitters Inc. (NYSE: AEO) also is scheduled to release its most recent quarterly results Thursday. The consensus forecast calls for $0.44 in EPS and $1.21 billion in revenue. Shares closed at $20.27. The consensus price target is $19.31, and the 52-week range is $10.23 to $20.46.
- [By Leo Sun]
Over the past few decades, American Eagle Outfitters (NYSE:AEO), Urban Outfitters (NASDAQ:URBN), and Gap (NYSE:GPS) all turned modest initial investments of $8,000 into small fortunes. Let’s see how these companies flourished, and whether or not they can still keep growing in today’s challenging retail environment.
- [By Lisa Levin]
American Eagle Outfitters (NYSE: AEO) reported downbeat earnings for its third quarter, but issued a strong earnings forecast for the current quarter.
- [By Paul Ausick]
American Eagle Outfitters Inc. (NYSE: AEO) dropped nearly 16% Wednesday to post a new 52-week low of $10.91 after closing at $12.96 on Tuesday. The stock’s 52-week high is $19.55. Volume of nearly 23 million was about 5 times the daily average of around 4.7 million shares traded. The specialty retailer’s results didn’t live up to expectations this morning.
- [By Paul Ausick]
American Eagle Outfitters Inc. (NYSE: AEO).The company plans to close 150 stores over three years.
Chicos FAS Inc. (NYSE: CHS).Planned to close 120 stores between fiscal 2015 and 2017.
- [By Nicholas Rossolillo]
However, the ongoing closures could help remaining shopping mall businesses like The Gap (NYSE:GPS)and American Eagle Outfitters (NYSE:AEO). Neither company has been immune to the changing times and both have closed down stores of their own. However, some of these clothiers — American Eagle, in particular — have managed to hang on to old clientele and expand into new markets.