ICYMI! Weekly Market Recap. May 14-18, 2018
Monday stock market gap up, Dow Jones +71.48 points, QQQ +0.17%, IWM -0.37%, IBB +1.03%.
Tuesday U.S. market set for a gap down with rising concerns of US 10Y Yield over 3.00 level. Dow Jones down -193.00 points. Snapping an 8 days winning streak
Wednesday Dow Jones +62.73 points, SPY +0.39%, QQQ +0.66%, IBB +0.89%, IWM +1.03%. Market rebound, but the US 10Y Yield up to 3.10 not seen since 2011.
Thursday U.S. Initial Jobless Claims 222k vs 215k, Crude Oil over %70/bl. Dow Jones closed down -54.88 points, SPY -0.08%, QQQ -0.38%, IWM +0.46% and IBB +0.06%.
Friday U.S stocks in tug-a-war. Dow Jones closed +1.11 points, SPY -0.68%, IWM +0.21%, QQQ -0.52%, IBB +0.21%.
- Tandem Diabetes Care Inc (TNDM) stock upgraded to Overweight at Piper Jaffray. PT $13.00. Stock up +25.22%
- Chipotle Mexican Grill Inc (CMG) price target raised to %530 at Piper Jaffray. Stock up +0.02%
- Nxp Semiconductors (NXPI) China restarts a review of Qualcomm's NXP purchase. Stock up +11.85%
- Vipshop Holdings Limited (VIPS) https://www.tradersfish.com/Earning/vipshop-holdings-ltd
- The Home Depot, Inc (HD) earnings report, Q1 EPS $2.08 vs $2.06, revenue $24.9B vs $25.2B
- Amazon.com (AMZN) drops -25.42 points or -1.59% and Alphabet Class A (GOOGL) -21.73 points or -1.96%.. A leader in tech selling off
- Eiger Biopharmaceuticals Inc (EIGR) announces expanded agreement with Merk https://finance.yahoo.com/news/eiger-announces-expanded-license-agreement-120000661.html
- Macy's, Inc (M) earnings report https://www.tradersfish.com/Earning/macys-inc
- Chipotle Mexican Grill Inc (CMG) stock get upgraded to Buy at Argus on accelerating comps potential. Stock up +4.26% to $444.72 closed.
- Walmart Inc (WMT) earnings report https://www.tradersfish.com/Earning/wal-mart
- Jounce Therapeutics Inc (JNCE) abstract JTX-2011 at #ASCO18 not impressed by investors. The #BiotechCalculator predicted right on April 2, 2018
- NetEase.com, Inc (NTES) earnings report https://www.tradersfish.com/Earning/netease-inc
- Eiger BioPharmaceuticals Inc (EIGR) stock up +41.77% on low float.
- Baidu Inc (BIDU) Qi Lu no longer as chief operating officer. Stock down
- Applied Materials Inc (AMAT) earnings report Q2 EPS @1.22 vs @1.14, revenue $4.57B vs $4.45B
- Abeona Therapeutics (ABEO) pushing back clinical development timeline for ABO-102.
Thanks for reading.