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Tag: Marketaxess Holdings Inc

  • Shares making the most important strikes noon: Pioneer Herbal Assets, MGM Accommodations, Levi Strauss and extra

    The Tesla emblem is noticed on a charger station in Virginia on Aug. 16, 2023.

    Celal Gunes | Anadolu Company | Getty Photographs

    Take a look at the firms making headlines in noon buying and selling.

    Pioneer Herbal Assets — The power inventory added just about 10.5%. The motion comes after The Wall Side road Magazine reported that Exxon Mobil is just about a deal to procure Pioneer for approximately $60 billion. Exxon stocks slid 1.7%.

    Tesla — Stocks of the electrical automobile corporate added 0.2% after Tesla minimize the cost of some Fashion 3 and Fashion Y variations within the U.S. Tesla started slashing costs on its vehicles the world over on the finish of remaining 12 months in a bid to stoke call for. Tesla additionally reported third-quarter deliveries that overlooked marketplace expectancies.

    Levi Strauss — Stocks slid 0.8% after the denim attire maker minimize its full-year gross sales forecast. Overdue Thursday, Levi posted fiscal third-quarter earnings that overlooked expectancies, and it minimize its full-year gross sales steerage once more. Levi’s CEO stated customers had been purchasing fewer pieces because of inflation and emerging loan and gasoline costs.

    MGM Accommodations — The lodge and on line casino operator rose 4.9% after providing an replace on a cybersecurity factor skilled remaining month. Overdue Thursday, MGM stated the cyberattack it suffered in September would price the corporate about $100 million, nevertheless it expects the impact past the 0.33 quarter would most probably be “minimum.” The corporate stated any impact on full-year monetary prerequisites and operational effects would possibly not be subject matter.

    Freedom Retaining — Stocks rose about 1.5% after CNBC reported that the monetary services and products corporate was once underneath investigation via federal prosecutors and the Securities and Change Fee. The corporate is being probed over compliance problems, insider inventory strikes and an offshore associate.

    Philips — U.S.-listed stocks fell 7.2% an afternoon after the U.S. Meals and Drug Management stated Philips’ dealing with of its sleep apnea tool recall in 2021 wasn’t good enough. The FDA is requiring further checking out at the machines, referred to as CPAP units.

    Aehr Check Programs — The semiconductor take a look at device supplier tumbled 12.6%. On Thursday, Aehr reaffirmed its steerage for full-year earnings of no less than $100 million, whilst analysts polled via FactSet known as for $102.9 million.

    Apellis Prescribed drugs — The pharmaceutical inventory won 3.5%. JPMorgan upgraded Apellis to an obese score, announcing its eye illness remedy may spice up stocks greater than 100%.

    e.l.f. Good looks — The cosmetics store added 3.5% following a Jefferies improve to shop for from grasp. The company stated e.l.f. is “the chief in bringing ‘first to mass’ pieces to marketplace.”

    Liberty Media Components One — Stocks of the motorsports inventory complex 3.6% following an improve to shop for from impartial via Citi. The financial institution stated considerations across the Las Vegas Grand Prix are overblown.

    Frontdoor — The house restore corporate’s stocks climbed 4.4% at the again of a Truist improve to shop for from grasp. Truist stated Frontdoor’s stocks are buying and selling at sexy ranges.

    MarketAxess — Stocks jumped about 5.8% after UBS initiated protection of the fastened source of revenue buying and selling platform with a purchase score. The company described MarketAxess as a “pure-play at the electronification of credit score buying and selling, which stays early degree.”

    AES — The application supplier dropped 1.3% to a brand new 52-week low Friday, an afternoon after UBS downgraded the inventory to impartial from purchase and considerably minimize its value goal. UBS stated the corporate will have to be careworn via emerging rates of interest and an income deceleration within the infrastructure industry as coal shuts down.

    — CNBC’s Pia Singh, Yun Li, Michelle Fox and Samantha Subin contributed reporting.

  • Shares making the most important strikes noon: Netflix, American Airways, Johnson & Johnson and extra

    Johnson & Johnson Covid-19 vaccines are observed on a desk in Los Angeles, Would possibly 7, 2021.

    Frederic J. Brown | AFP | Getty Photographs

    Take a look at the corporations making headlines in noon buying and selling.

    Netflix — Netflix dropped greater than 8% after reporting blended quarterly effects Wednesday. The streaming massive beat on income according to proportion for the second one quarter, however its earnings of $8.19 billion fell in need of the $8.30 billion anticipated from analysts polled by means of Refinitiv.

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    Tesla — Tesla stocks tanked greater than 6%. The electrical-vehicle maker crowned Wall Boulevard’s top-and-bottom line expectancies however confirmed a drop in running margins because of fresh worth cuts and incentives.

    American Airways — The airline shed greater than 6% even after posting robust quarterly effects and lifting its benefit outlook for 2023. American Airways reported adjusted income of $1.92 a proportion on $14.06 billion in earnings. Analysts had anticipated income according to proportion of $1.59 on earnings of $13.74 billion.

    IBM — The tech inventory climbed greater than 3% after the corporate reported income in the second one quarter that crowned analysts’ estimates as the corporate expanded its gross margin. On the other hand, IBM did put up a earnings leave out, brought about partially by means of a stoop within the infrastructure department.  

    Johnson & Johnson — The inventory jumped 6%, lifting the 30-stock Dow Jones Business Moderate, after Johnson & Johnson posted second-quarter earnings and altered income that crowned Wall Boulevard’s expectancies. Johnson & Johnson additionally lifted its full-year steerage as gross sales from the corporate’s medtech trade jumped.

    Abbott Laboratories — Stocks of the health-care merchandise corporate rose just about 4% after Abbott beat estimates at the height and backside strains for the second one quarter. The corporate reported $1.08 in adjusted income according to proportion on $9.98 billion of earnings. Analysts have been on the lookout for $1.05 according to proportion on $9.70 billion of earnings, in step with Refinitiv. The corporate’s gross sales did lower greater than 11% 12 months over 12 months as shoppers purchased fewer Covid-19 checks.

    Uncover Monetary Products and services — Stocks tumbled 14% after the corporate’s second-quarter effects ignored analysts’ estimates on each height and backside strains. The corporate additionally disclosed it’s present process a probe from the Federal Deposit Insurance coverage Company because of a “card product misclassification factor.” 

    Zions Bancorporation — Stocks of the regional financial institution jumped 8.3% after its second-quarter income matched estimates. Zions posted $1.11 in income according to proportion, in step with a Refinitiv forecast. The financial institution’s internet hobby source of revenue got here underneath expectancies. 

    Vacationers — The insurance coverage corporate received 3% following its second-quarter income announcement. Its adjusted income got here in at 6 cents according to proportion. In the meantime, its earnings of $10.32 billion crowned expectancies of $10.02 billion.

    Estée Lauder — The cosmetics giants’ stocks dropped 3% after Barclays downgraded them to equivalent weight from obese. The company cited considerations of a muted China restoration and power on medium-term margins. 

    Freeport-McMoRan — Stocks received greater than 3% after the corporate introduced its quarterly income Thursday morning. The mining corporate posted 35 cents in income according to proportion on $5.74 billion in earnings. Analysts polled by means of StreetAccount had estimated 36 cents in income according to proportion on $5.61 billion in earnings. 

    Authentic Portions — The car alternative portions corporate misplaced virtually 7% after posting its second-quarter effects. Even though the corporate’s income and earnings beat analysts’ expectancies, its earnings throughout its car and business segments ignored Wall Boulevard’s estimates.

    MarketAxess — The digital buying and selling platform rallied 5.6% after liberating its second-quarter effects. Whilst earnings and income according to proportion got here in upper than anticipated, its adjusted income have been not up to analysts’ estimates.

    Equifax — Stocks plunged virtually 10% at the again of the corporate’s quarterly income record announcement Wednesday after the bell. Whilst income according to proportion got here above analysts’ estimates, earnings fell in need of expectancies.

    — CNBC’s Yun Li, Jesse Pound, Samantha Subin and Michelle Fox contributed reporting.

  • Shares making the most important strikes earlier than the bell: Salesforce, Highest Purchase, Macy’s and extra

    A employee enters the SalesForce Tower in San Francisco, California, U.S., on Monday, March 14, 2022.

    David Paul Morris | Bloomberg | Getty Pictures

    Take a look at the firms making headlines earlier than the bell.

    Salesforce — Stocks of the cloud tool maker soared just about 16% in premarket after the corporate beat Wall Boulevard estimates around the board in its newest income document and issued a better-than-expected forecast. Salesforce additionally mentioned it’s increasing its proportion buyback program after introducing it final yr.

    Highest Purchase — The patron electronics store shed 1.9% after its fiscal yr income and income steering got here in lighter than anticipated. Highest Purchase mentioned it expects a gross sales decline of three% to six% for the yr, bringing up the macro atmosphere. Alternatively, its quarterly income beat estimates.

    Macy’s — The store complicated 7.3% after beating expectancies on per-share income and assembly them on income, in line with Refinitiv. Macy’s recorded $1.71 in income in step with proportion for the fourth quarter, above the $1.57 expected. Earnings was once in keeping with analyst expectancies at $8.26 billion.

    Silvergate Capital — The financial institution for virtual currencies plummeted 37.6% following two downgrades from analysts at the again of recent monetary filings from the corporate. JPMorgan moved the inventory to underperform from impartial, bringing up long run demanding situations forward after the company cited a caution that it would possibly not have the ability to meet its monetary responsibilities with out liquidating within the subsequent yr. Canaccord Genuity downgraded the inventory to carry from purchase, pronouncing the company has been controlled smartly but it surely desires to transport to the sidelines whilst the mud from the hot submitting settles.

    Okta — The virtual authentication corporate added 15.8% after it beat best and final analysis expectancies for the fourth quarter. The corporate additionally issued current-quarter steering that was once forward of expectancies, whilst guiding full-year income to come back in keeping with expectancies and per-share income above them. Cowen upgraded Okta to outperform from marketplace carry out consequently.

    Greenback Tree — Stocks of the cut price store dipped about 2% in premarket buying and selling after JPMorgan downgraded Greenback Tree to impartial from obese. The funding company mentioned in a be aware to purchasers that Greenback Tree may just see expansion sluggish this yr as the corporate laps worth will increase and makes investments for 2024 and past.

    Snowflake — The cloud knowledge platform supplier’s stocks fell greater than 7% on Thursday premarket in spite of Snowflake posting a beat on best and backside traces, in line with Refinitiv. Snowflake’s income steering for the present duration was once lighter than traders had anticipated. The corporate additionally introduced a $2 billion inventory repurchase program.

    Nio — The Chinese language electric-vehicle maker slid 1.6%, proceeding to fall after Nio reported a wider-than-expected loss for the fourth quarter on Wednesday. JPMorgan downgraded the inventory to impartial from obese Thursday and mentioned the corporate’s expectancies are too prime.

    Anheuser-Busch Inbev — Stocks of the beer maker slipped 1% following a vulnerable income document. Normalized per-share income got here in 1 cent underneath the consensus estimate of analysts polled via StreetAccount at 98 cents. Earnings additionally got here in underneath expectancies, with the corporate posting $14.67 billion when put next with the $15.21 billion expected.

    Getaround — The auto sharing corporate added 1.7% once you have initiated at purchase via Roth MKM. The company mentioned Getaround was once a marketplace disruptor and will assist building up usage of legacy vehicles.

    MarketAxess — Stocks of the fintech corporate had been up 1.7% after Atlantic Equities upgraded them to obese from impartial, pronouncing it’s at a “close to inflection level for expansion.” The inventory has popped virtually 25% in 2023, however has dropped 8.5% all over the previous twelve months.

    On Semiconductor — The semiconductor maker dropped 7.2% following a downgrade to outperform from sturdy purchase via Raymond James. The company mentioned it sees near-term headwinds, whilst additionally noting the inventory’s valuation is these days above historic ranges.

    Tesla — The electrical-vehicle maker misplaced 6.2% after its investor day. Some noticed the development as missing specifics.

    Coinbase — The crypto platform misplaced 2.8% after Financial institution of The usa reiterated its underperform ranking and mentioned to not be expecting readability on U.S. regulatory adjustments to cryptocurrencies within the close to time period.

    — CNBC’s Hakyung Kim, Yun Li, Jesse Pound and Michelle Fox contributed reporting

  • Shares making the largest strikes noon: Twitter, Carnival, First Sun and extra

    Carnival Cruise Line’s Carnival Ecstacy cruise send is docked on the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida.

    Sam Greenwood | Getty Pictures

    Listed below are the corporations making headlines in noon buying and selling.

    Twitter — Stocks of the social media corporate rose 2% after Twitter introduced that Elon Musk will sign up for its board of administrators. The inventory soared 27% within the earlier consultation for its easiest day even after Musk disclosed a 9.2% stake. The Tesla CEO mentioned “important enhancements” might be made to Twitter within the coming months.

    Carnival — The cruise inventory rose greater than 2% after Carnival mentioned that March 28-April 3 was once the busiest reserving week within the corporate’s historical past. Carnival has 22 of its 23 ships operational once more after the pandemic successfully halted the worldwide cruise trade.

    First Sun — The sun panel inventory dropped 4.3% following a downgrade to underperform from impartial at Financial institution of The usa. The funding company mentioned in a notice that First Sun has won “an excessive amount of credit score for a fact that hasn’t ever materialized.”

    Ralph Lauren — Stocks for the attire store tumbled 3.9%. Ralph Lauren’s inventory was once downgraded to equivalent weight from obese through Wells Fargo analysts, who mentioned Tuesday that they are wary at the sector’s near-term image. A success on shopper spending will most likely harm the midtier store, analysts mentioned.

    MarketAxess Holdings — Stocks of the fastened source of revenue buying and selling platform fell just about 11% after MarketAxess launched its per 30 days quantity statistics for March. The corporate’s general credit score per 30 days reasonable day-to-day quantity was once down 3% from March 2021.

    Starbucks — Stocks of the espresso chain fell every other 4.5% on Tuesday, as Wall Boulevard digested returning CEO Howard Schultz’s determination to halt the corporate’s inventory buyback program. The inventory fell 3.7% on Monday. Wedbush downgraded Starbucks to impartial from outperform, announcing in a notice to purchasers that it was once much less assured within the corporate’s income.

    Coinbase — Stocks of the crypto trade sank 7.6% on Tuesday after funding company Mizuho highlighted spending on nonfungible tokens as a emerging price for Coinbase. Mizuho additionally minimize its worth goal at the inventory.

    Carvana — The used automobile broker’s inventory dropped greater than 8% after a downgrade to sector carry out at RBC Capital Markets. RBC mentioned in a notice that it was once skeptical that Carvana’s basics may beef up its enlargement plans.

    — CNBC’s Yun Li and Sarah Min contributed to this file.

  • Jim Cramer’s 2022 outlook for the S&P 500’s 10 largest losers in 2021

    CNBC’s Jim Cramer on Monday presented his 2022 outlook for the ten worst-performing shares within the S&P 500 remaining yr, when the vast fairness index complicated just about 27%.

    The “Mad Cash” host additionally shared his expectancies for the S&P 500’s largest winners on Monday’s display.

    “The worst performers within the S&P remaining yr appear to be they are going to stay underperforming in 2022 except we get some main sea-changes and I simply do not see that taking place” within the close to or medium time period, Cramer mentioned.

    1. Penn Nationwide Gaming

    Cramer mentioned he believes Penn Nationwide Gaming, which noticed its inventory fall 40% remaining yr, will probably be difficult to possess till a trio of main headwinds deplete. In Cramer’s opinion, Penn Nationwide stocks will be capable of carry out higher as soon as there may be extra consolidation within the business, extra states legalize sports activities having a bet and the Covid pandemic totally recedes.

    2. International Bills

    Whilst Cramer mentioned International Bills have been a “perennial winner,” the monetary generation corporate’s inventory struggled in 2021, falling 37%.

    “I have all the time admired International Bills, in addition to the cardboard issuers and the small industry empowerment performs and the buy-now pay-later outfits, however there are simply too many darned shares within the workforce,” Cramer mentioned. “They are all too dear, particularly in comparison to the super-cheap financial institution shares that are meant to get an enormous profitability spice up because the Fed raises charges.”

    3. Las Vegas Sands

    Las Vegas Sands stocks misplaced just about 37% remaining yr, and Cramer mentioned it is nonetheless a tricky atmosphere to possess a on line casino operator with a big presence within the gaming hub of Macao.

    4. Activision Snow fall

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    SOPA Pictures | LightRocket | Getty Pictures

    Activision Snow fall’s 28% decline in 2021 might be for quite a lot of causes, Cramer mentioned, together with buyers anticipating the online game corporate to battle because the financial system reopened from Covid closures and identify unencumber delays. Cramer mentioned one more reason is newspaper experiences which have been crucial of CEO Bobby Kotick. On the other hand, the corporate has driven again in opposition to the validity of the reporting.

    Cramer mentioned he thinks Activision Snow fall would possibly in reality upward thrust of Kotick leaves the corporate “as a result of it is a hit pushed industry that isn’t producing the type of hits other people have come to be expecting, possibly as a result of they do not need to paintings for Bobby anymore.”

    5. MarketAxess Holdings

    Whilst MarketAxess Holdings had a first-mover benefit across the digitization of bond buying and selling, Cramer mentioned that is now not the case as the sector has stuffed up with festival. “I do not see how MarketAxess can come again and not using a huge spike in bond buying and selling, and I feel that is already within the rearview replicate,” Cramer mentioned.

    6. Viatris

    Cramer is not constructive about Viatris, a generic drug play created in overdue 2020 when Pfizer spun off its Upjohn department which then merged with Mylan. “The one factor in reality intriguing about Viatris is that it sells for 4 instances profits, however that is most often a crimson flag and on-patent large pharma shares are reasonably-priced, too,” Cramer mentioned.

    7. Citrix Programs

    “I am not positive what to do with this much-less proprietary tool corporate that may well be market it on the urging of a few tough activist buyers,” Cramer mentioned. “In the event that they stroll away, I do not know what Citrix is value, as opposed to the truth that it used to be down 27% remaining yr and it as soon as traded a lot upper. Those guys was once the king of commercial collaboration tool … however now it is turn into an overly crowded business.”

    8. Wynn Hotels

    A pedestrian with an umbrella walks in entrance of the Wynn Palace on line casino lodge, operated through Wynn Hotels Ltd., in Macau, China, Jan. 31, 2018.

    Billy H.C. Kwok | Bloomberg | Getty Pictures

    Cramer mentioned his outlook on Wynn Hotels is very similar to that of Las Vegas Sands. He famous that whilst he owns Wynn Hotels in his charitable believe, his favorable view at the inventory has been fallacious up to now. Cramer mentioned he thinks Wynn Hotels, which fell about 25% in 2021, might be “caught in a rut” till the Covid pandemic subsides.

    9. IPG Photonics

    IPG Photonics, which makes and sells fiber lasers, noticed its inventory fall 23% remaining yr. On the other hand, Cramer mentioned he believes IPG Photonics stocks have the most efficient likelihood of any in this listing to rebound in 2022.

    “It has got actual profits, but it surely had a shortfall due to weakening Chinese language gross sales that beaten the inventory. I do know that IPG Photonics is, subsequently, within the doghouse. However it has excellent potentialities, which is why it nonetheless sells for 35 instances profits.”

    10. Constancy Nationwide

    Constancy Nationwide stocks fell about 23% in 2021, which Cramer mentioned in large part because of the truth the corporate is fascinated about monetary generation. “It is accomplished not anything fallacious as opposed to being in a cohort that is despised and I do not see any of that converting quickly,” he mentioned.

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