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ICYMI. Weekly Stock Market Recap. June 18-22,2018

JT001

24-Jun-2018 17:07 PM

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   In case you missed this past week stock market movers news and economy data. Our weekly recap.

Monday trade war tension continues between U.S. vs China. Stock market slide for the 5 days straight. Dow Jones closed -103.01 points, SPY -0.19%, QQQ -0.06%, IWM +0.47% and IBB -0.75%.

  • Alphabet Class A (GOOGL) to invest $550M in cash in JD.COM Inc (JD)
  • Rent-A-Center (RCII)  to be acquired by Vintage Capital for $15 per share.
  • Verasteam, Inc (VSTM) stock up 31.39% for the day as company plan for poster presentation at European Hematology Association, June 14-17, 2018

Tuesday U.S. futures fell to 373 points with President Trump target fresh $200 billion in tariffs to China. Dow Jones close down -287.26 points, SPY -0.38%, QQQ -0.28% IWM +0.01%, IBB +1.46%. Notable strength from the biotech sector.

  • bluebird bio Inc (BLUE) upgraded to Outperform with $230 price target at Evercore ISI
  • Foundation Medicine (FML) Roche acquires for $137 per share or $2.2B
  • Sarepta Therapeutics Inc (SRPT) stock soared 36.76% on positive preliminary results for muscular dystrophy gene therapy
  • Netflix Inc (NFLX) upgraded at Piper Jaffray with a target to $420

Wednesday bounce back market S&P 500 +0.19%, leader sector was biotechnology, IBB up +1.65%, XBI +2.27%. Dow Jones closed down -42.41 points.

  • Twenty-First Century Fox Inc (FOX) agreed upon price for Fox assets to $38 from $28 per share
  • Alphabet Class A (GOOGL) record high at 1,201.49
  • NetFlix Inc (NFLX) record high at $419.47
  • Amazon.com (AMZN) record high at 1,762.93

Thursday a pullback with Nasdaq on an 8 days losing streak

  • CASI Pharmaceuticals Inc (CASI) partners with Yiling Wanzhou International Pharma
  • Micron Technology Inc (MU) earnings report https://www.tradersfish.com/Earning/micron-technology-inc
  • Heron Therapeutics Inc (HRTX) says HTX-01 receives Breakthrough Therapy Designation
  • Netflix, Inc (NFLX) price target raised to $500 at Pivotal Research
  • Voyager Therapeutics Inc (VYGR) announces FDA granted Regenerative Medicine Advanced Therapy (RMAT) designation for VY-AADC

Friday US market bounce back to avoid the 8 days losing streak, Dow Jones closed up +119.49 points.

  • US Steel Corp (X)- Trump says the head of steel called to tell him that his company is expanding
  • Soleno Therapeutics Inc (SLNO) initiated with a buy at Roth Capital. Priced Target $14.00
  • Hain Celestrial Group Inc (HAIN) Pilgrim's Pride bids on HAIN protein business. -NY Post reports

Thanks for reading.

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