News Bulletin
Friday Jul 20, 2018
Evening Edition

 

 

Economic Numbers

 

 

TIME

DETAIL

SURV

PRIOR

 

10:30

ECRI Weekly Index

148.3

148.5

 

-

-

-

-

 

-

-

-

-

 

-

-

-

-

 

-

-

-

-

 

-

-

-

-

 

-

-

-

-

 

 

 

Indices

 

 

CLOSE

50 DMA

200 DMA

S&P 500

2,807.37

-

-

DJIA

25,057.65.

-

-

NASDAQ

7,819.86

-

-

 

20th Jul, 2018 Market News

 

08:25 Achaogen [AKAO] (+3%) announces that ZEMDRI is now available for ordering in the U.S. FDA approved ZEMDRI is used for the treatment of adults with complicated Urinary Tract Infections (cUTI), including pyelonephritis, due to certain Enterobacteriaceae.

 

08:47 Baker Hughes [BHGE] -2.6% premarket after missing Q2 earningsexpectations, as demand fell for its oilfield equipment. While overall revenue rose 2% Y/Y and 3% Q/Q to $5.55B, revenue from BHGE's oilfield equipment business, which includes deepwater drilling, fell 9% Y/Y and 7% Q/Q to $617M, missing analyst consensus estimate of $648M.

 

08:54 Shares of Diversified Restaurant Holdings [SAUC] (-17.35%) slide after the company announces a $6M share offering through Dougherty. Both the company and a certain shareholder are unloading the block.

 

10:11 NVR [NVR] (-5%) reported Q2 revenue growth of 15.5% Y/Y to $1.79B with Homebuilding revenues at $1.75B (+16% Y/Y) and total mortgage loan closed production of $1.21B (+17% Y/Y).

 

10:47 Cintas [CTAS(+5.2%) reports Q4 organic revenue growth of 5.1%, led by 5.3% growth in Uniform Rental & Facility Services sales and 9.4% increase First Aid & Safety Services revenues.

 

11:37 General Electric [GE] (-4.8%) plunges to its lowest level of the day after CEO John Flannery guides Q3 EPS to the low end of the company's $1.00-$1.07 guidance and 2018 adjusted free cash flow to ~$6B compared with a previous projection of $6B-$7B.

 

11:34 Microsoft [MSFT] (+2.9%) shares hit a new all-time high intraday, tapping $108.20 before retreating. The boost added over $30B to the tech giantís market cap. 

 

12:57 New Age Beverages [NBEV] soars +18.14% on strong volume. Shares traded as high as $2.41 earlier. Perhaps a factor, the company's Xing Tea product was mentioned today during a cooking segment on ABC's Live with Kelly and Ryan show.

 

14:20 SAExploration [SAEX(+28.2%) shoots higher after receiving approval from a Texas bankruptcy court to acquire assets from Geokinetics, which filed for Chapter 11 last month.

 

14:55 According to the FT, the board at GlaxoSmithKline [GSK] (+2.7%) is considering a spinoff the consumer operation, leaving a standalone pharmaceutical and vaccine company.

 

15:08 Ampio Pharmaceuticals [AMPE] (+11.9%) jumps on more than double normal volume on chatter that a buyout may be coming.


For internal use only.