The stock of Apple (AAPL) iPhone lens manufacturer Largan Precision fell 10% on Wednesday, December 6, 2017, after it announced that revenue for December 2017 is expected to decline.
In the first quarter of fiscal 2018, Myriad Genetics’ (MYGN) GeneSight reported revenues of $28.8 million, which is a YoY growth of 54% and a sequential growth of 12%.
Andeavor (ANDV) reported growth in its gross refining margin of $6.00 per barrel over 3Q16 to $15.10 per barrel in 3Q17. We’ll examine ANDV’s current metrics to determine its outlook for 4Q17.
Private non-farm payroll employment rose 190,000 in November following a gain of 235,000 in October.
Visa (V) posted a net income margin of ~35.0% in the last 12 months. American Express and Discover reported net income margins of ~13.9% and ~23.8%, respectively, in the same timeframe.
Crude tanker companies gave mixed returns last week. The worst performer in the group was Frontline (FRO).
According to EIA estimates, natural gas inventory for the week ended November 24, 2017, was 3,693 Bcf, which is 0.9% lower than 3,726 Bcf for the previous week.
Nokia (NOK) recently broke with its culture of not commenting on market rumors to state that it isn’t discussing the acquisition of Juniper Networks (JNPR).
On December 5, 2017, US crude oil (USO) (USL) January 2018 futures rose 0.3%. The API’s oil inventory data might have supported oil prices on the same day.
The proposed US tax reform bill, or the Tax Cuts and Jobs Act, received approval from the US Senate on December 2. There was a vote of 51-49 in the Senate.
A clinical-stage biotech company, Novavax’s (NVAX) pipeline includes products for influenza, Ebola virus, and Zika virus. In November, two of seven analysts gave NVAX stock a “strong buy” rating.
Goldman Sachs took a positive stance on handbag makers Tapestry (TPR) and Michael Kors (KORS) on December 5, 2017.
Leading media and cable operator Comcast (CMCSA) is driving its Xfinity TV app by teaming up with leading TV manufacturers.
Dominion Energy stock has underperformed the broader utilities since the beginning of 2017. It has managed to gain a little more than 9% year-to-date.
Ulta Beauty (ULTA) stock fell 4.1% on December 1 in reaction to the company’s fiscal 3Q17 results, which were announced after the close of financial markets on November 30.
On December 5, 2017, Jefferies upgraded McDonald’s (MCD) to “buy” from “hold.” It also raised McDonald’s 12-month target price from $150 to $200.
WTI (West Texas Intermediate) crude oil futures (UCO) (DWT) contracts for January delivery rose 0.3% to $57.62 per barrel on December 5, 2017.
US-based (SPY) payments processor Square (SQ) is offering bitcoin trading support on its platform on a trial basis.
This year, as of December 5, 2017, WLK has risen a staggering 75.8%. It has significantly outperformed the broad-based SPDR S&P 500 ETF (SPY) and its peers.
Since the Senate approval of the tax bill, the S&P 500 Index (SPY) is up by 48 basis points, and the VanEck Vectors Agribusiness ETF (MOO) is up by 74 basis points.