Tech Stocks Leading Most Sectors

Tech Stocks Leading Most Sectors

Technology stocks were leading most sectors higher this afternoon, with shares of tech companies in the S&P 500 posting a nearly 0.7% increase. In company news, Applied Optoelectronics (AAOI) climbed to a new record high on Monday, rising almost 12% to top out today at a best-ever $71.10 a share, after analysts at Needham & Co today began covering the fiber-optic networking equipment-maker with a Strong Buy rating and an […]

Read More ˃
Tech Stocks Lower

Tech Stocks Lower

Technology stocks were weighing deeply on the broader U.S. markets Wednesday, with shares of tech companies in the S&P 500 plunging about 1.9%. In company news, Baozun Inc (BZUN) retreated Wednesday, falling almost 21% and bottoming out at $18.85 per American depository share, despite the Chinese-language ecommerce platform last night exceeding analyst estimates with it Q1 earnings. The company earned RMB0.54 per ADS during the January-to-March reporting period, topping the […]

Read More ˃
Consumer Stocks Slightly Higher

Consumer Stocks Slightly Higher

Consumer stocks were trending slightly higher Monday, with shares of consumer staples companies in the S&P 500 advancing about 0.3% while shares of consumer discretionary firms in the S&P 500 were posting a 0.1% gain. In company news, China Automotive Systems (CAAS) rose Monday, advancing to an 11% gain and a $4.99-a-share session high after board chairman Hanlin Chen today proposed paying $5.45 for each of the automobile parts manufacturer’s […]

Read More ˃
Energy Stocks Rebound

Energy Stocks Rebound

Energy stocks were jumping out to big gains on Wednesday, with the NYSE Energy Sector Index rising over 1.2% while shares of energy companies in the S&P 500 were up 1.5% as a group. Crude oil for June delivery was up $1.74 at $47.62 per barrel while June natural gas futures were 8 cents higher at $3.31 per 1 million BTU. In company news, American depository shares of Petrobras Brasileiro […]

Read More ˃
Koppers Shares Rise

Koppers Shares Rise

Koppers Holdings, a provider of treated wood products, reported Friday Q1 adjusted profit of $0.68 per share, up from $0.28 per share in the prior year period and came in higher than the $0.36 per share Street estimate provided by Capital IQ. Net sales were $346.6 million, practically unchanged from the revenues reported for the same period last year and higher than the $327.1 million Street estimate. For 2017, the […]

Read More ˃