Stocks making the biggest moves midday: Roku, Capri Holdings, Amgen, Deere & more

Check out the companies making headlines midday on Monday:Roku — Shares of Roku surged more than 7% after Needham raised its price target on the streaming platform. The investment bank cited Roku’s growing “value proposition” among advertisers as a key reason for upside in Roku shares. Capri Holdings – The designer retail company’s stock fell 5% after Versace, a subsidiary of Capri Holdings, issued an apology after facing criticism in China for one of its t-shirts. Deere — Shares of Deere droppe


Check out the companies making headlines midday on Monday:Roku — Shares of Roku surged more than 7% after Needham raised its price target on the streaming platform. The investment bank cited Roku’s growing “value proposition” among advertisers as a key reason for upside in Roku shares. Capri Holdings – The designer retail company’s stock fell 5% after Versace, a subsidiary of Capri Holdings, issued an apology after facing criticism in China for one of its t-shirts. Deere — Shares of Deere droppe
Stocks making the biggest moves midday: Roku, Capri Holdings, Amgen, Deere & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: yun li
Keywords: news, cnbc, companies, shares, stock, drug, making, capri, petroleum, corn, company, midday, tshirts, roku, surged, stocks, biggest, amgen, moves, subsidiary, therapeutics, deere, holdings


Stocks making the biggest moves midday: Roku, Capri Holdings, Amgen, Deere & more

Check out the companies making headlines midday on Monday:

Roku — Shares of Roku surged more than 7% after Needham raised its price target on the streaming platform. The investment bank cited Roku’s growing “value proposition” among advertisers as a key reason for upside in Roku shares.

Capri Holdings – The designer retail company’s stock fell 5% after Versace, a subsidiary of Capri Holdings, issued an apology after facing criticism in China for one of its t-shirts. The business faced backlash for the t-shirts which listed Hong Kong and Macau, Chinese territories, as separate countries.

Amgen — Shares of Amgen surged more than 5% after the biotech company won a lawsuit Friday that would protect the two patents on its rheumatoid arthritis drug Enbrel, according to a press release. The win would prevent its rival Novartis subsidiary Sandoz from selling a similar drug next year.

Deere — Shares of Deere dropped nearly 3% after the U.S. Agriculture Department said the U.S. corn harvest will be bigger than previously forecast this year. The farm equipment maker came under pressure as soybean and corn futures took a hit on the report as analysts had expected the government to lower its estimate of corn production.

Occidental Petroleum – Shares of Occidental Petroleum is down more than 4% after Evercore ISI downgraded the energy producer to in line from outperform. The firm said the acquisition of Anadarko Petroleum makes Occidental larger, but significantly less valuable.

Bank stocks — Shares of J.P. Morgan, Bank of America, Goldman Sachs and other major banks fell Monday as investors saw falling bond yields and tariffs as a sign of trouble ahead for the economy. As recession fears ratchet up, chances that the Federal Reserve will cut interest rates again do, too. A lower Fed Funds rate puts pressure on banks’ ability to make money by making loans at higher interest rates than what they pay depositors.

Cloudera – The cloud data company’s stock dropped 3.4% after announcing that it had made an agreement with investor Carl Icahn to appoint two of his employees to the board of directors. Icahn, who holds 18% stake in the company, agreed not to seek further board representation and to limit his stake to no more than 20%.

Nektar Therapeutics – Shares of Nektar Therapeutics tanked nearly 11%, extending its slide after the company said in an earnings call Thursday evening it had manufacturing errors for a cancer drug that is currently in clinical trial. The stock plunged a whooping 29% on Friday.

— CNBC’s Kate Rooney and Elizabeth Myong contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: yun li
Keywords: news, cnbc, companies, shares, stock, drug, making, capri, petroleum, corn, company, midday, tshirts, roku, surged, stocks, biggest, amgen, moves, subsidiary, therapeutics, deere, holdings


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These are the stocks that have powered the Dow’s rally to 27,000

The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. Microsoft has been the best performer on the index, soaring more than 50% during this period. Apple, while soaring more than 28% this year alone, hasn’t been the biggest driver in the Dow’s road to 27,000. The Dow has risen nearly 16% this year and a jump in healthcare stocks pushed the index over the 27


The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. Microsoft has been the best performer on the index, soaring more than 50% during this period. Apple, while soaring more than 28% this year alone, hasn’t been the biggest driver in the Dow’s road to 27,000. The Dow has risen nearly 16% this year and a jump in healthcare stocks pushed the index over the 27
These are the stocks that have powered the Dow’s rally to 27,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: yun li
Keywords: news, cnbc, companies, 27000, rally, market, surged, performer, nearly, index, period, dows, soaring, powered, stocks, dow


These are the stocks that have powered the Dow's rally to 27,000

Another day, another market milestone. The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points.

It took the 30-stock index about a year and a half to reach the round-number record as the blue-chip benchmark first closed above 26,000 on January 17, 2018. Microsoft has been the best performer on the index, soaring more than 50% during this period. The software giant also hit $1 trillion market cap in April.

Visa is a close second, up nearly 48% since the Dow hit the last watermark. Cisco and Nike also notched gains of more than 35% over the same time. Other leaders include Merck, Disney, American Express and Procter & Gamble.

Apple, while soaring more than 28% this year alone, hasn’t been the biggest driver in the Dow’s road to 27,000. The iPhone maker was the 11th performer, gaining 13% over the period. 3M, Walgreens and Caterpillar have underperformed the index, all down more than 20% since the Dow reached 26,000.

The Dow has risen nearly 16% this year and a jump in healthcare stocks pushed the index over the 27,000 mark. Shares of Dow-component UnitedHealth surged 5% after the White House said it has withdrawn its proposal to eliminate rebates from government drug plans, a big step in its effort to lower prescription drug prices.

— CNBC’s Christopher Hayes contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: yun li
Keywords: news, cnbc, companies, 27000, rally, market, surged, performer, nearly, index, period, dows, soaring, powered, stocks, dow


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Gold slides 2% as solid US jobs data trims Fed rate cut bets

Nonfarm payrolls increased by 224,000 jobs last month, the most in five months, data showed. “The U.S. jobs data is driving all the pressure on gold right now. That may decrease the urgency for a Fed cut in July,” said Chris Gaffney, president of world markets at TIAA Bank. Adding pressure on gold, the dollar surged to an over two-week peak against a basket of six major currencies. Meanwhile, in India, the world’s second largest gold consumer, local rates surged to record highs following a surpr


Nonfarm payrolls increased by 224,000 jobs last month, the most in five months, data showed. “The U.S. jobs data is driving all the pressure on gold right now. That may decrease the urgency for a Fed cut in July,” said Chris Gaffney, president of world markets at TIAA Bank. Adding pressure on gold, the dollar surged to an over two-week peak against a basket of six major currencies. Meanwhile, in India, the world’s second largest gold consumer, local rates surged to record highs following a surpr
Gold slides 2% as solid US jobs data trims Fed rate cut bets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-05
Keywords: news, cnbc, companies, slowdown, ounce, trims, cut, surged, slid, solid, fed, slides, data, bets, weekly, rates, jobs, gold, rate


Gold slides 2% as solid US jobs data trims Fed rate cut bets

Gold slid as much as 2% on Friday and was set for its first weekly fall in seven weeks after data showed U.S. jobs growth rebounded strongly in June, which lowered the likelihood of an interest rate cut by the Federal Reserve this month.

Spot gold dropped 1.2% to $1,398.39 per ounce having hit a low of $1,386.52 earlier. The metal is set for a weekly decline of about 1%, which could be its biggest since mid-April.

U.S. gold futures shed 1.4% to $1,400.90.

Nonfarm payrolls increased by 224,000 jobs last month, the most in five months, data showed. Economists polled by Reuters had forecast payrolls rising by 160,000 jobs.

“The U.S. jobs data is driving all the pressure on gold right now. The payroll numbers crushed all expectations. That may decrease the urgency for a Fed cut in July,” said Chris Gaffney, president of world markets at TIAA Bank.

Adding pressure on gold, the dollar surged to an over two-week peak against a basket of six major currencies.

Gold is highly sensitive to interest rates and a lower chance of a cut would increase the opportunity cost of holding the non-interest-bearing bullion.

Federal funds futures implied traders now only see a 9.0% chance the U.S. central bank will decrease key money market rates by half a point, down from 29% on Wednesday, according to CME Group’s FedWatch program.

“Most of the markets though, still see some kind of cut but it pulls away that expectation of a 50-basis-points cut and most of what can be expected is a quarter-basis-point cut,” Gaffney said.

The outlook for gold still remains positive, however, analysts said. Gold hit a six-year high of $1,438.63 an ounce last week and is still holding above key technical levels.

“The yellow metal will likely find buyers as the global growth slowdown should keep demand strong for gold,” Edward Moya, senior market analyst at OANDA, said in a note.

Gold is often seen as an alternative investment during times of political and financial uncertainty.

Meanwhile, in India, the world’s second largest gold consumer, local rates surged to record highs following a surprise hike in the gold import duty on Friday.

The announcement is likely to increase the price paid by consumers, Capital Economics said in a note.

“While we had already been anticipating a slowdown in India’s gold imports this year, soaring prices and higher tariffs present an additional headwind to demand.”

Silver slid 1.8% to $15 per ounce, while platinum dipped 3% to $807.75.

Palladium gained 0.3% to $1,566.87 an ounce and was heading for a fifth straight weekly gain.


Company: cnbc, Activity: cnbc, Date: 2019-07-05
Keywords: news, cnbc, companies, slowdown, ounce, trims, cut, surged, slid, solid, fed, slides, data, bets, weekly, rates, jobs, gold, rate


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It was a monumental week for markets with major milestones in stocks, bonds, gold and oil

The energy and tech sectors pushed the S&P 500 to its record this week, rising 5.2% and 3.3%, respectively. Gold, meanwhile, surged around 4% and broke above $1,400 per ounce for the first time since 2013. Oil prices, however, left stocks and gold in the dust. The Fed also removed the word “patient” when describing its approach to monetary policy, nodding at the recently weaker economic data. Oil, meanwhile, surged as tensions between Iran and the U.S. flared up this week.


The energy and tech sectors pushed the S&P 500 to its record this week, rising 5.2% and 3.3%, respectively. Gold, meanwhile, surged around 4% and broke above $1,400 per ounce for the first time since 2013. Oil prices, however, left stocks and gold in the dust. The Fed also removed the word “patient” when describing its approach to monetary policy, nodding at the recently weaker economic data. Oil, meanwhile, surged as tensions between Iran and the U.S. flared up this week.
It was a monumental week for markets with major milestones in stocks, bonds, gold and oil Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: fred imbert
Keywords: news, cnbc, companies, tensions, gold, bonds, monumental, oil, weekly, sp, markets, monetary, major, policy, milestones, rates, surged, week, stocks


It was a monumental week for markets with major milestones in stocks, bonds, gold and oil

This week was chalk full of milestones on Wall Street as a Federal Reserve meeting and tensions in the Middle East conspired to send shockwaves across financial markets.

The S&P 500 climbed 2.3% this week and reached a new all-time high of 2,964.15 on Friday. The energy and tech sectors pushed the S&P 500 to its record this week, rising 5.2% and 3.3%, respectively.

Gold, meanwhile, surged around 4% and broke above $1,400 per ounce for the first time since 2013. Gold also had its best weekly gain since 2016.

Oil prices, however, left stocks and gold in the dust. West Texas Intermediate futures skyrocketed more than 9% this week, notching its biggest weekly gain since December 2016, when it surged more than 12%.

Treasurys also went through the roof this week, depressing yields. The benchmark 10-year yield hit a low of 1.973% this week, breaking below the key psychological 2% mark for the first time since November 2016.

The dollar, meanwhile, fell 1.3% against a basket of currencies, its biggest weekly drop since 2018. The U.S. currency also traded near its lowest level since March.

The Fed hinted at its monetary policy meeting it could cut rates as soon as July, stating it prepared to “act as appropriate” to sustain the current economic expansion. The Fed also removed the word “patient” when describing its approach to monetary policy, nodding at the recently weaker economic data.

This boosted stocks as lower rates makes it cheaper for companies to borrow money and grow their business or buy back their stock. The Fed’s announcement also boosted gold as lower rates depresses the dollar, making it cheaper for investors outside the U.S. to buy the precious metal.

Oil, meanwhile, surged as tensions between Iran and the U.S. flared up this week. A U.S. drone was shot down in Iranian airspace earlier in the week, stoking worries of potential supply disruptions in the Middle East.

—CNBC’s John Schoen, Gina Francolla and Chris Hayes contributed to this report.

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Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: fred imbert
Keywords: news, cnbc, companies, tensions, gold, bonds, monumental, oil, weekly, sp, markets, monetary, major, policy, milestones, rates, surged, week, stocks


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Stocks making the biggest moves midday: Micron, Nvidia, Boeing & more

Pinterest — Pinterest shares rose 3.4% after Wedbush initiated coverage of the social media company with an outperform rating. Boeing — Boeing shares climbed 5.4% after recording its first orders from the Paris Air Show. Las Vegas Sands — The casino operator’s stock rose 5.7% after multiple reports said a stalemate between New York legislators will prevent legislation to legalize mobile sports gambling from passing. G1 Therapeutics — G1 Therapeutics surged 24% after announcing positive trial res


Pinterest — Pinterest shares rose 3.4% after Wedbush initiated coverage of the social media company with an outperform rating. Boeing — Boeing shares climbed 5.4% after recording its first orders from the Paris Air Show. Las Vegas Sands — The casino operator’s stock rose 5.7% after multiple reports said a stalemate between New York legislators will prevent legislation to legalize mobile sports gambling from passing. G1 Therapeutics — G1 Therapeutics surged 24% after announcing positive trial res
Stocks making the biggest moves midday: Micron, Nvidia, Boeing & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: fred imbert
Keywords: news, cnbc, companies, therapeutics, making, moves, micron, biggest, stocks, boeing, company, social, rose, upgraded, wedbush, nvidia, stock, surged, purchase, shares, midday


Stocks making the biggest moves midday: Micron, Nvidia, Boeing & more

Check out the companies making headlines midday Tuesday:

Micron Technology, Nvidia — Chipmakers surged after President Donald Trump tweeted he and Chinese President Xi Jinping would have an “extended meeting ” at the G-20 summit next week. The tweet boosted hopes that the U.S. and China will reach a trade deal in the near future. Micron and Nvidia were each up more than 5%.

Pinterest — Pinterest shares rose 3.4% after Wedbush initiated coverage of the social media company with an outperform rating. Wedbush said it sees Pinterest as “fundamentally different” from other social media platforms because its users more frequently purchase products and services based on their posts on the platform.

Boeing — Boeing shares climbed 5.4% after recording its first orders from the Paris Air Show. International Airlines Group signed a letter of intent to purchase 200 Boeing 737 Max planes, and Korean Air agreed to buy 20 787 Dreamliners from the airplane maker for $6.3 billion.

Twilio — Twilio rose 1.1% after an analyst at Needham initiated the cloud communications platform provider as a buy. The analyst foresees Twilio’s continued exceptional growth moving forward.

Telephone and Data Systems — Shares of the telecom company surged more than 14.7% after Morgan Stanley upgraded the stock to overweight from equal-weight, citing a compelling valuation relative to its peers.

Las Vegas Sands — The casino operator’s stock rose 5.7% after multiple reports said a stalemate between New York legislators will prevent legislation to legalize mobile sports gambling from passing.

GCP Applied Technologies — Shares of the chemicals company dropped more than 13% after GCP board members said the company’s strategic alternatives review did not produce a “transaction that would provide adequate value to our shareholders.”

G1 Therapeutics — G1 Therapeutics surged 24% after announcing positive trial results for its breast-cancer treatment drug, Trilaciclib. The drug led to a “statistically significant improvement” in the overall survival of women with metastatic triple-negative breast cancer, the company said.

Bank of America — Bank of America shares rose 2.5% after BMO Capital Markets upgraded the bank to outperform from market perform, saying it is undervalued and consensus estimates are too low.

—CNBC’s Mallika Mitra and Marc Rod contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: fred imbert
Keywords: news, cnbc, companies, therapeutics, making, moves, micron, biggest, stocks, boeing, company, social, rose, upgraded, wedbush, nvidia, stock, surged, purchase, shares, midday


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Stocks making the biggest moves midday: Beyond Meat, GameStop, Tableau, Raytheon & more

Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Check out the companies making headlines in midday trading Monday:Beyond Meat— Shares of Beyond Meat popped 21%, on pace for its third best day ever. The maker of plant-based meat substitutes has surged nearly 600% from its IPO price of $25 per share. Tableau Software— Shares of Tableau soared more than 33% after Salesforce.com said it will buy the big data firm for $15.3 billio


Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Check out the companies making headlines in midday trading Monday:Beyond Meat— Shares of Beyond Meat popped 21%, on pace for its third best day ever. The maker of plant-based meat substitutes has surged nearly 600% from its IPO price of $25 per share. Tableau Software— Shares of Tableau soared more than 33% after Salesforce.com said it will buy the big data firm for $15.3 billio
Stocks making the biggest moves midday: Beyond Meat, GameStop, Tableau, Raytheon & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, buy, shares, gamestop, tableau, stocks, meat, companies, moves, company, price, midday, surged, stock, biggest, making, sell, rose, raytheon


Stocks making the biggest moves midday: Beyond Meat, GameStop, Tableau, Raytheon & more

Beyond Meat CEO Ethan Brown speaks before ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City.

Check out the companies making headlines in midday trading Monday:

Beyond Meat— Shares of Beyond Meat popped 21%, on pace for its third best day ever. Earlier the stock hit $186.43 per share, an all-time high. The maker of plant-based meat substitutes has surged nearly 600% from its IPO price of $25 per share. The company soared a whopping 39% on Friday after it reported better-than-expected first-quarter earnings.

Retail stocks surged as the S&P retail ETF the XRT rose 0.8%. Two of the leaders of the XRT included GameStop, which jumped 8% after the gaming company announced it would buy back up to 12 million shares and Shutterfly, which rose 7% but closed up only 2%, after Reuters reported Apollo Global Management is in the lead to buy the company.

Shares of United Technologies fell 3% and Raytheon jumped less than 1% after the companies announced the previous day that they would merge into a defense and aerospace giant. The new company will be the second-largest aerospace and defense company in the U.S. by revenue, behind Boeing, as the companies estimate a combined annual sales of around $74 million. The new company will be called Raytheon Technologies.

Tableau Software— Shares of Tableau soared more than 33% after Salesforce.com said it will buy the big data firm for $15.3 billion. The all-stock deal is the biggest acquisition in Salesforce’s history as it seeks to provide more data insights to its clients. Shares of Salesforce fell 5%.

Tilray— Shares of Tilray surged more than 11% after the Canadian weed company said it has reached a deal with private equity fund Privateer Holdings to sell the fund’s stake gradually over the next two years. Privateer is a cannabis company backed by venture capitalist Peter Thiel, and it holds 75 million Tilray shares, or 77% of the outstanding shares.

Redfin— Shares of online real-estate company Redfin jumped more than 7% after Stephens upgraded the stock to overweight from underweight and raised its target price to $23 from $18. Stephens said the company is beginning to “lay the groundwork for more e-commerce type” offerings in the real estate space.

Analog Devices— Shares of Analog Devices rose more than 5% after Goldman Sachs upgraded the chipmaker to buy from sell. Goldman updated its 12-month price target to $114 for Analog. Since the bank put Analog on its sell list, the stock has risen 21%, leading Goldman to conclude its sell thesis “has not worked.”

Spark Therapeutics— Shares of Spark Therapeutics tanked more than 8% on news that Swiss drugmaker Roche’s $4.3 billion bid to buy the U.S. gene therapy specialist was delayed again due to U.S. and UK scrutiny. The U.S. Federal Trade Commission requested information and the UK Competition and Markets Authority opened an investigation into the two companies.

— CNBC’s Yun Li contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-10  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, buy, shares, gamestop, tableau, stocks, meat, companies, moves, company, price, midday, surged, stock, biggest, making, sell, rose, raytheon


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Here’s the tax bill on the $444 million Mega Millions jackpot and $350 million Powerball haul

With no ticket matching all six numbers in the Mega Millions drawing on Tuesday night, the jackpot has surged higher yet again. Now at $444 million, the top prize has been growing for more than two months through twice-weekly drawings with no winner. The Powerball jackpot, meanwhile, isn’t too far behind: $350 million for Saturday night’s drawing. And while the odds are stacked against players snagging the bonanza in either game, the IRS is always a guaranteed eventual winner.


With no ticket matching all six numbers in the Mega Millions drawing on Tuesday night, the jackpot has surged higher yet again. Now at $444 million, the top prize has been growing for more than two months through twice-weekly drawings with no winner. The Powerball jackpot, meanwhile, isn’t too far behind: $350 million for Saturday night’s drawing. And while the odds are stacked against players snagging the bonanza in either game, the IRS is always a guaranteed eventual winner.
Here’s the tax bill on the $444 million Mega Millions jackpot and $350 million Powerball haul Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-29  Authors: sarah obrien
Keywords: news, cnbc, companies, mega, heres, twiceweekly, surged, winner, prize, jackpot, powerball, millions, snagging, million, ticket, haul, bill, 444, tax, stacked


Here's the tax bill on the $444 million Mega Millions jackpot and $350 million Powerball haul

With no ticket matching all six numbers in the Mega Millions drawing on Tuesday night, the jackpot has surged higher yet again.

Now at $444 million, the top prize has been growing for more than two months through twice-weekly drawings with no winner. The Powerball jackpot, meanwhile, isn’t too far behind: $350 million for Saturday night’s drawing.

And while the odds are stacked against players snagging the bonanza in either game, the IRS is always a guaranteed eventual winner.


Company: cnbc, Activity: cnbc, Date: 2019-05-29  Authors: sarah obrien
Keywords: news, cnbc, companies, mega, heres, twiceweekly, surged, winner, prize, jackpot, powerball, millions, snagging, million, ticket, haul, bill, 444, tax, stacked


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Asian markets mixed amid geopolitical developments

Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region. The moves came after Japan’s economic growth in the first quarter rose above expectations. The ASX 200 in Australia rose 1.74% to close at 6,476.10, after Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory. The financial subindex Down Under surged 5.85%, with shares of Commonwealth Bank of Australia jumping 6.27% and National Au


Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region. The moves came after Japan’s economic growth in the first quarter rose above expectations. The ASX 200 in Australia rose 1.74% to close at 6,476.10, after Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory. The financial subindex Down Under surged 5.85%, with shares of Commonwealth Bank of Australia jumping 6.27% and National Au
Asian markets mixed amid geopolitical developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-20  Authors: eustance huang
Keywords: news, cnbc, companies, surged, developments, quarter, lower, australia, slipped, shares, trading, mixed, rose, markets, asian, shenzhen, amid, geopolitical, showed


Asian markets mixed amid geopolitical developments

Stocks in Asia were mixed on Monday amid a series of geopolitical developments across the region.

The Nikkei 225 in Japan added 0.24% to close at 21,301.73, as shares of index heavyweights such as Fast Retailing and Softbank Group advanced. The Topix also edged up fractionally to finish its trading day at 1,554.92.

The moves came after Japan’s economic growth in the first quarter rose above expectations.

Japan’s economy grew at an annualized 2.1% in the first quarter, gross domestic product (GDP) data showed on Monday, beating market expectations for a 0.2% contraction.

In South Korea, the Kospi closed flat at 2,055.71.

The ASX 200 in Australia rose 1.74% to close at 6,476.10, after Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory.

The financial subindex Down Under surged 5.85%, with shares of Commonwealth Bank of Australia jumping 6.27% and National Australia Bank advancing 7.90%. Australia and New Zealand Banking Group also surged 7.78%, while Westpac skyrocketed 9.21%.

The Australian dollar was last higher at $0.6926, though it remained lower than levels above $0.696 seen last week.

Over in India, the Nifty 50 jumped 2.9% after exit polls showed Prime Minister Narendra Modi was likely to return to power following the country’s general election.

In mainland China, however, shares ended the trading day lower. The Shanghai composite slipped 0.41% to 2,870.60 and the Shenzhen component shed 0.93% to 8,916.11. The Shenzhen composite also fell 0.75% to 1,521.72.

Hong Kong’s Hang Seng index slipped more than 0.5%, as of its final hour of trading.


Company: cnbc, Activity: cnbc, Date: 2019-05-20  Authors: eustance huang
Keywords: news, cnbc, companies, surged, developments, quarter, lower, australia, slipped, shares, trading, mixed, rose, markets, asian, shenzhen, amid, geopolitical, showed


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NBA champ John Salley, an original investor in Beyond Meat, will let shares ‘ride’

NBA champion John Salley isn’t planning on cashing out of his investment in Beyond Meat anytime soon. Salley, a vegan, is an original investor in Beyond Meat, which makes plant-based meat substitutes and was founded in 2009. He invested $5,000 with Beyond Meat and plans on letting his investment “ride.” There are going to be other plant-based companies that come along here,” he said on CNBC’s “Fast Money: Halftime Report. ” “I think this one, I should just let it sit for as long as I can possibl


NBA champion John Salley isn’t planning on cashing out of his investment in Beyond Meat anytime soon. Salley, a vegan, is an original investor in Beyond Meat, which makes plant-based meat substitutes and was founded in 2009. He invested $5,000 with Beyond Meat and plans on letting his investment “ride.” There are going to be other plant-based companies that come along here,” he said on CNBC’s “Fast Money: Halftime Report. ” “I think this one, I should just let it sit for as long as I can possibl
NBA champ John Salley, an original investor in Beyond Meat, will let shares ‘ride’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: michelle fox
Keywords: news, cnbc, companies, thursdayhe, vegan, shares, meat, nba, let, plantbased, investment, salley, going, surged, investor, think, original, john, champ, ride


NBA champ John Salley, an original investor in Beyond Meat, will let shares 'ride'

NBA champion John Salley isn’t planning on cashing out of his investment in Beyond Meat anytime soon.

Shares of the El Segundo, California-based company surged 163% after going public Thursday. Salley, a vegan, is an original investor in Beyond Meat, which makes plant-based meat substitutes and was founded in 2009. Its products include fake burger patties, ground beef and sausage made with proteins from peas and faba beans.

“I’m feeling great,” Salley said of the stock’s performance Thursday.

He invested $5,000 with Beyond Meat and plans on letting his investment “ride.”

“It is first. There are going to be other plant-based companies that come along here,” he said on CNBC’s “Fast Money: Halftime Report. ”

“I think this one, I should just let it sit for as long as I can possibly let it go.”


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: michelle fox
Keywords: news, cnbc, companies, thursdayhe, vegan, shares, meat, nba, let, plantbased, investment, salley, going, surged, investor, think, original, john, champ, ride


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Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock

Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock16 Hours AgoTwitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.


Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock16 Hours AgoTwitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.
Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, weigh, analysts, stock, strong, earningsheres, say, stocks, stock16, surged, beats, quarter, experts


Twitter beats analysts' earnings–Here's what four experts say is next for the stock

Twitter beats analysts’ earnings–Here’s what four experts say is next for the stock

16 Hours Ago

Twitter’s first quarter earnings crushed market expectations. The stock surged 17 percent following the news. Four experts weigh in on what the strong numbers mean for the stock’s future.


Company: cnbc, Activity: cnbc, Date: 2019-04-23
Keywords: news, cnbc, companies, twitter, weigh, analysts, stock, strong, earningsheres, say, stocks, stock16, surged, beats, quarter, experts


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