1. U.S. Stock Market:
“U.S. stocks rallied Monday, with major indexes advancing more than 1% in a broad rally after a strong showing by centrist Emmanuel Macron in the French presidential election, which averted fears of a euroskeptic-only runoff. The Dow Jones Industrial Average DJIA, +1.14% jumped 222 points, or 1.1%, to 20,770, led by more than 3% gains in J.P. Morgan Chase & Co. JPM, +3.92% and Goldman Sachs Group Inc. GS, +3.17% The S&P 500 SPX, +1.17% added 25 points, or 1.1%, to 2,373, with nine of the index’s 11 sectors trading higher, led by a 2.3% gain in financials, it’s biggest one-day pop since March 1. The biggest laggard on the session was real estate, which lost 1.3%. The Nasdaq Composite Index COMP, +1.32% was up 71 points, or 1.2%, at 5,981, after reaching an all-time high of 5,983.43 earlier in the session.”
“U.S. stocks surged on Monday, tracking a relief rally that swept through European and Asian stock markets, after Centrist candidate Emmanuel Macron won the first round of the French presidential election. At 12:35 p.m. ET (1635 GMT), the Dow Jones Industrial Average .DJI was up 212.67 points, or 1.04 percent, at 20,760.43 and the S&P 500 .SPX was up 22.95 points, or 0.98 percent, at 2,371.64. The Nasdaq Composite .IXIC was up 65.98 points, or 1.12 percent, at 5,976.50, easing from an all-time high of 5,983.42.”
“Investors also look ahead to tax reform news from Trump this week. U.S. stocks rose 1% on Monday, with major indexes advancing in a broad rally after a strong showing by centrist Emmanuel Macron in the French presidential election, which averted fears of a euroskeptic-only runoff. The Dow Jones Industrial Average jumped 204 points, or 1%, to 20,752. The S&P 500 added 24 points to 2,373, a gain of 1%. The Nasdaq Composite Index climbed 65.5 points to 5,976, a gain of 1.1%. The Nasdaq hit an all-time high of 5,980.49 in early trading.”
2. U.S. Bond Market:
“U.S. government debt prices were lower on Monday as investors digested the results from the first round of the French election. The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was higher at around 2.305 percent, while the yield on the 30-year Treasury bond was also higher at 2.948 percent.”
“The U.S. Treasuries suffered ahead of the Federal Open Market Committee (FOMC) member Neel Kashkari’s speech, scheduled to be held later in the day. The yield on the benchmark 10-year Treasury jumped nearly 7 basis points to 2.30 pct, the super-long 30-year bond yields climbed nearly 6 basis points to 2.95 pct while the yield on short-term 2-year note traded over 6-1/2 basis points higher at 1.25 pct.”
3. FX Markets:
“The euro touched five-month highs Monday after the first round of the French presidential election. The euro touched five-month highs at $1.09. It was up 1.03% at $1.0838 at 03:00 ET. The euro’s strength pushed the dollar index down 0.51% to 99.15 after dipping below 99. The dollar was up 0.94% 110.13 yen ahead of BoJ policy meeting on Thursday. The pound was off 0.37% at $1.2778 as investors look to the U.K. general election on June 8.”
“Euro zone stocks headed for their best day in almost two years on Monday and the euro briefly vaulted to five-month peaks, after the market’s favoured candidate won the first round of the French election, reducing the risk of another Brexit-like shock. The euro jumped in relief, and was last up 1.3 percent at $1.0873, having been as far as $1.0940, the highest since early November just after Donald Trump’s U.S. election win. The safe-haven yen slipped across the board with the euro surging as much 2.4 percent to 119.77 yen while the U.S. dollar gained 1 percent to 110.10 yen.”
“In oil markets, Brent crude traded at around $52 a barrel on Monday, up 0.1 percent, while U.S. crude was around $49.61 a barrel, near the flatline. Oil prices pared some of their losses from the previous trading week as investors anticipate OPEC to extend a pledge to cut output through to the end of 2017.”
“Gold prices are solidly lower in early U.S. trading Monday, as the safe-haven asset is getting hit hard by rallying risk assets that include world stock markets and the Euro currency. June Comex gold was last down $19.10 an ounce at $1,270.00. May Comex silver was last down $0.091 at $17.765 an ounce.”
“Oil prices recovered ground on Monday with market conditions boosted by improved risk appetite, but there were further concerns surrounding the risk of fresh selling pressure on any significant rally. Crude prices came under significant selling pressure in US trading on Friday with WTI initially dipping to below the $50.00 p/b level which triggered a fresh round of sell stops and pushed prices to lows below $49.30 around the European close.”
5. Market Movers:
RLJ Lodging Trust (NYSE:RLJ) said April 24 that it has agreed to buy FelCor Lodging Trust Inc. (NYSE: FCH) in an all-stock transaction that values FelCor at approximately $1.2 billion. The merger is expected to create the third-largest public lodging REIT. RLJ said the transaction will create a combined company with a pro-forma market capitalization of about $4.2 billion and a total enterprise value of $7 billion. The merged company will have ownership interests in 160 hotels.
Sorrento Therapeutics Inc (NASDAQ:SRNE) CEO Henry Ji acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was purchased at an average price of $2.00 per share, for a total transaction of $200,000.00. Following the purchase, the chief executive officer now owns 139,776 shares of the company’s stock, valued at approximately $279,552. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
DryShips Inc. (NASDAQ:DRYS) shares are displaying elevated levels of volatility in today’s session. After a recent check, shares have been spotted at $1.42 showing a change in the session of -8.39%.Based on data provided from analysts polled by Thomson Reuters, DryShips Inc. has a current consensus target price of 16800.00. The current consensus analyst recommendation is sitting at 3.00 on company shares. Investors will likely be tracking any consensus estimate changes heading into the next earnings period. After a recent spot-check, DryShips Inc. (NASDAQ:DRYS)’s ATR is 0.29. The Average True Range (ATR) is a measure of stock volatility.
Delta Technology Holdings Limited (NASDAQ:DELT) stock price escalated 7.90% to finalize at $1.91 throughout previous buying and selling session. A total of 4.15 million shares exchanged at hands and its average trading volume is standing at 0.43 million shares. Important factors to focus when evaluating a stock’s present and future value are the 52 week price high and low levels. Shares of Delta Technology Holdings Limited (DELT) are trading -39.17% downward from the 52-week high mark and 344.19% above from the fifty two-week low mark. Taking a glance at past performance, we will examine different up or down moving trends about DELT.
Currently the shares of Globus Maritime Ltd (NASDAQ:GLBS) has a trading volume of 6.39 Million shares, with an average trading volume of 1460 shares – with shares dropping to a 52 week low of $1.12, and the company’s shares hitting a 52 week high of $ 23.60. Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. Another critical number in evaluating a stock is P/E or the price to earnings ratio. The TTM operating margin is -80.4%. The return on invested capital at -8.4%, which is good, compared to its peers.
Helix Energy Solutions Group Inc (NYSE:HLX) is currently trading with the volume of 4.05 Million. The Stock opened today’s session at $7.04 and currently the price is hovering at $6.32 by showing decrease of -10.93 percent. Helix Energy Solutions Group, Inc. has 1 year price target of $11.19. The stock gained a consensus recommendation of 1.86 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company reported its last quarter on 12/31/2016.
Rocket Fuel Inc. (NASDAQ:FUEL) stock is experiencing unusual volume during today’s trading. While the stock price moved along with the volume change, shares are touching $4.92. The day’s total volume of 1560160 this morning is in contrast from the three-month daily average of 789.96K. When we divide the current volume by the three-month average volume, we get a relative volume of 3.50. Trading volume is a hugely important consideration for any investor. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.
Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced that a PB3 PowerBuoy was deployed off the coast of Kozu-shima Island in Japan as part of its first lease agreement with Mitsui Engineering and Shipbuilding (“MES”). Ocean Power Technologies, Inc. (NASDAQ:OPTT) shares ticked up 0.77% to $1.83 on Friday. The PB3 was shipped to Japan in February and arrived in Tokyo on March, 18th, 2017. Upon standard customs processing, the PB3 was transported to Kozu-shima Island where it was staged dockside, and where standard pre-deployment functional checks and preparations were carried out.
C R Bard Inc (NYSE:BCR) announced Sunday that it has agreed to be acquired by Becton, Dickinson and Company (BDX) for $317.00 per share in cash and stock, approximately $24 billion. C.R. Bard also reported first quarter EPS of $2.87, which surpassed the consensus estimate of $2.65. C.R. Bard has gapped open dramatically higher Monday morning and is now up 50.84 at $303.91 with volume at a 3-month high. The stock has soared to a new high for the year.
On Friday, Santander Consumer USA Holdings Inc (NYSE:SC) stock opened its trade at $13.04 and after floating in a range of $12.61 to $13.06, settled at $12.75. The stock lost -2.30% in total of its share price. The stock’s 52-week range is $9.48 – $15.47. Santander Holdings USA, Inc. (SHUSA), parent company of Santander Bank, N.A., declared recently that its Board of Directors declared a dividend on SHUSA’s Preferred Stock. A dividend payment of $0.45625 per share is payable on May 15, 2017 to holders of record on May 1, 2017 for SHUSA’s Series C Non-Cumulative Perpetual Preferred Stock (NYSE:SOVPRC).
Shares of Bank of America Corp (NYSE:BAC) opened at 22.71 on Monday. The stock has a market capitalization of $238.83 billion, a PE ratio of 13.95 and a beta of 1.47. The company has a 50-day moving average of $23.81 and a 200-day moving average of $21.67. Bank of America Corp has a 12 month low of $12.05 and a 12 month high of $25.80. Bank of America Corp (NYSE:BAC) last posted its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. Bank of America Corp had a net margin of 18.10% and a return on equity of 6.85%.
FelCor Lodging Trust Incorporated (NYSE:FCH) reached 33.37% versus a 1-year low price of $5.68. The stock was last seen -0.68% lower, reaching at $7.32 on Friday, April 21, 2017. At recent session, the prices were hovering between $7.28 and $7.36. This company shares are 9.29% off its target price of $8 and the current market capitalization stands at $1.01B. The recent change has given its price a -0.51% deficit over SMA 50 and -19.16% deficit over its 52-week high. The stock witnessed -0.39% declines, -2.37% declines and 14.95% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FCH’s volatility during a week at 1.94% and during a month it has been found around 1.77%.
On Friday, Shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) gained 0.11% to $9.01. The share price is trading in a range of $8.91 – 9.05. The stock exchanged hands with 24.61 million shares contrast to its average daily volume of 24.58 million shares. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) have shown a low EPS growth of -22.30% in the last 5 years and has earnings growth of 106.80% yoy. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -28.26% below its 52-week highs and is down -2.70 % for the last five trades.
KeyCorp (NYSE:KEY) share price plunged -0.33% or -0.06 points to reach at $18.15 during previous trading session. The stock’s price fluctuated within the range of $17.91 – $18.35 during previous trading session. A total of 13.16M shares exchanged hands, whereas the company’s average trading volume stands at 11.88M shares. KeyCorp (NYSE:KEY) has a market capitalization of $19.57B and most recently 1.08B outstanding shares have been calculated.
Noble Corporation Ordinary Shares (UK) (NYSE:NE), a stock from Oil & Gas Drilling & Exploration Industry, has a value of $5.29 per share, noted a price change of -0.38% in recent trade close. The P/S ratio is 0.56. It has a dividend yield of 1.51%. The performance for one month is at -8.79% and the performance for half year is -9.88%. The performance for recent week is -5.37% and the performance for three months is at -28.61%. The performance for Year to Date (YTD) is -10.64%. Its monthly volatility value of 4.68% and volatility for the week is valued at 4.38%.
Real Goods Solar, Inc. (NASDAQ:RGSE) provided a business update following its presentation at the 29th Annual Roth Conference on March 15, 2017. A copy of the presentation is available on the company’s website. “I feel good about the progress we are making since we presented our strategy for top line revenue growth at the Roth conference,” said Dennis Lacey, CEO of RGS Energy. “Our vision remains to grow top line revenue by growing the size of our sales organizations, and supporting them with training and cost effective marketing leads.” On 21 April 2017, Real Goods Solar, Inc. (NASDAQ:RGSE) shares moved to $1.10 after starting the day at $1.44. Analyst’s mean target price for RGSE is $79.80 while analysts mean recommendation is 3.00.
Medical products maker C.R. Bard (BCR) spiked 20% after medical supplies leader Becton Dickinson and Co (NYSE:BDX) announced it would take control of Bard in a deal valued at $24 billion. Becton projected the deal would add high single-digit accretion to its earnings per share within three years of the closing. Becton Dickinson shares slumped 3% at the open, as Standard & Poor’s placed the company on credit watch negative, due to the financial impact of the acquisition.