Daily Perspective





Daily Perspective
IPO

The Biggest IPOs Hitting the Market This Week

No. 6: Satsuma Pharmaceuticals Inc. (STSA) Satsuma is a San Francisco-based pharmaceutical firm developing a dry-powder nasal spray to treat migraines. The product candidate — STS101 — can be quickly self-administered with a proprietary pre-filled, single-use, nasal delivery device. The company began a Phase 3 electronic medical records and genomics (eMERGE) trial for STS101 this […]

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Construction
Daily Perspective

This Specific Sector Has Been Known to Rally During Hurricane Season

Hurricane Dorian just barreled its way through the Bahamas earlier this week, and estimates of the damage have already skyrocketed to dramatic levels. A new Bloomberg report cited risk modeler and insurance firm Karen Clark & Co., which said that damage to commercial, residential, and industrial properties as well as business-interruption expenses could total $7 […]

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Daily Perspective
S&P 500

The 5 Biggest S&P 500 Gainers on Wednesday, Sept. 4

No. 5: Concho Resources Inc. (CXO) Shares of energy producer Concho Resources — which exclusively operates in the Permian Basin considered the largest oilfield in the U.S. — climbed 5.08% during Wednesday’s session, going from $69.44 to $72.97. Despite WTI oil prices being up more than 17% in 2019, CXO stock is in the red […]

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Biotech
Daily Perspective
Pharmaceuticals

Here’s Why Alexion Plunged for the Second Consecutive Session on Tuesday

Alexion Pharmaceuticals Inc. (ALXN) has had an abysmal run over just the last two sessions. While Friday saw the biotech — known for developing Soliris, a treatment for atypical hemolytic uremic syndrome (aHUS) and paroxysmal nocturnal hemoglobinuria (PNH) — become the S&P 500’s second-worst performer that session, the stock outdid itself during Tuesday’s session by […]

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Daily Perspective
S&P 500

5 of the S&P 500’s Most Notable Movers on Friday

No. 5: Wynn Resorts Ltd. (WYNN) Shares of Wynn Resorts — the giant casino operator that flung into the spotlight in February 2018 after former CEO Steve Wynn resigned amid sexual misconduct allegations — vaulted 3.6% during Friday’s session from $106.32 to a more than one-week high of $110.15. The stock has whipsawed all over […]

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Crude Oil
Daily Perspective
Energy Sector
Oil

Why Oil Stocks Dominated the S&P 500 Leaderboard on Wednesday

Five oil stocks made up the S&P’s top 10 biggest gainers during Wednesday’s session as investors celebrated a better-than-expected weekly report from the U.S. Energy Information Administration (EIA). Shares of the companies soared alongside West Texas Intermediate (WTI) oil prices, which leaped to their best close in more than a week. While market participants typically […]

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Daily Perspective
Tobacco

Why the Two Largest American Tobacco Stocks Plunged on Tuesday

Shares of Altria Group Inc. (MO) and Philip Morris International Inc. (PM) — both of which own Marlboro cigarettes, with the former selling them in the U.S. and the latter selling them internationally — logged sizable losses during Tuesday’s session after the firms announced a potential plan to mitigate falling cigarette sales. Philip Morris — […]

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Daily Perspective

3 Stocks Dominating the Headlines in Early Tuesday Trading

Johnson & Johnson (JNJ) On Monday, an Oklahoma judge ruled against the pharma and consumer goods giant in the state’s highly publicized opioid case. The ruling marks the first major opioid crisis-related U.S. penalty against a major drug producer and will force the firm to  pay a fine of $572 million, only about 1% of […]

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Daily Perspective
Earnings Reports
S&P 500

The S&P 500’s Top 5 Gainers on Thursday, August 22

No. 5: Hormel Foods Corp. (HRL) A theme that runs through this list is post-earnings pops, which Hormel — the food processing giant known for producing packaged meats like Spam — certainly saw during Thursday’s session. Shares of HRL gained 4.8% from $40.97 to $42.95, the best close since April 2 when they ended the […]

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Daily Perspective
Dow Jones Industrial Average
Retailers
S&P 500

Global Market Recap for Wednesday, August 21

Index Performers All three major indexes climbed higher during Wednesday’s session thanks to a slew of strong earnings from major retailers and the continuing easing of fears surrounding a global economic slowdown. The Dow Jones Industrial Average added 0.9% from 25,962.44 to 26,202.73 — the best close in over a week — while the S&P […]

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