Advertisement
Advertisement
trade360
BREAKING NEWS : Start Trading Today Join Now!
Advertisement etoro

Mid-Day Market Update: Champions Oncology Surges Following Q1 Earnings Beat; IRIDEX Shares Drop

Written | 1969-12-31 19:00:00 GMT

Leading and Lagging Sectors

On Friday, the financial shares rose 0.56 percent. Meanwhile, top gainers in the sector includedChina Internet Nationwide Financial Services Inc. CIFS 9.6% up 11 percent, and Golden Bull Limited DNJR 0.65% up 7 percent.

In trading on Friday, real estate shares fell 1.27 percent.

Top Headline

Dave & Buster's Entertainment Inc PLAY 7.55% reported upbeat earnings for its second quarter.

Dave & Buster's posted quarterly earnings of $0.84 per share on revenue of $319.188 million. However, analysts expected earnings of $0.67 per share on sales of $315.25 million. The company raised its FY18 sales guidance from $1.20 billion-$1.24 billion, to $1.23 billion-$1.26 billion. Dave & Busters initiated $0.15 per share quarterly cash dividend and expanded its buyback authorization by $100 million.

Equities Trading UP

Champions Oncology Inc CSBR 17.33% shares shot up 10 percent to $9.35 after the company reported better-than-expected results for its first quarter.

Shares of Radiant Logistics, Inc. RLGT 8.64% got a boost, shooting up 13 percent to $5.18 after the company reported stronger-than-expected results for its fourth quarter on Thursday.

Frequency Electronics, Inc. FEIM 18.17% shares were also up, gaining 15 percent to $9.01. Frequency Electronics reported Q1 net income of $31,000 on sales of $11 million.

Equities Trading DOWN

IRIDEX Corporation IRIX 14.58% shares dropped 15 percent to $6.60. IRIDEX priced its 1.67 million share common stock offering at $6 per share.

Shares of Tandem Diabetes Care, Inc. TNDM 7.31% were down 7 percent to $47.645. Baird downgraded Tandem Diabetes Care from Outperform to Neutral.

Valvoline Inc. VVV 8.62% was down, falling around 9 percent to $20.38 after analysts at JP Morgan downgraded the stock from Neutral to Underweight and lowered the price target from $22 to $20.

Commodities

In commodity news, oil traded down 0.57 percent to $68.20 while gold traded down 0.47 percent to $1,202.50.

Silver traded down 0.62 percent Friday to $14.155, while copper fell 0.78 to $2.662.

Eurozone

European shares were higher today. The eurozone’s STOXX 600 rose 0.32 percent, the Spanish Ibex Index rose 0.29 percent, while Italy’s FTSE MIB Index climbed 0.06 percent. Meanwhile the German DAX gained 0.56 percent, and the French CAC 40 climbed 0.55 percent while U.K. shares rose 0.29 percent.

Economics

U.S. retail sales rose 0.1 percent for August, versus economists’ expectations for a 0.4 percent gain.

U.S. import prices declined 0.6 percent in August.

U.S. industrial production rose 0.4 percent for July, versus economists’ expectations for a 0.3 percent increase.

U.S. business inventories rose 0.6 percent for July, versus economists’ expectations for a 0.5 percent gain.

The University of Michigan's consumer sentiment index increased to 100.8 for September, compared to 96.2.

The Baker Hughes North American rig count report for the recent week will be released at 1:00 p.m. ET.

Author

Avatrade

Featured Forex Brokers

Broker Profile Open Account
XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    tickmill
  • Minimum Deposit: 25 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FSA SD008
  • tickmill
    markets
  • Minimum Deposit: 100 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CySEC
  • markets

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    FBS
  • Offer: 50USD No Deposit Bonus
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : Market Maker
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    eToro
  • Offer: 1000USD Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:400
  • Broker Type : STP
  • Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
  • eToro

    Contact us
    Email: reviewbrokers.net@gmail.com
    Skype:fxvnpro