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Benzinga Mid-Morning Market Update

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Following the market opening Tuesday morning, the Dow was up about 0.13 percent, to 13,576.01. The NASDAQ rose about 0.16 percent, to 3,165.76, while the S&P traded up 0.39 percent, decreasing to 1,459.45.

Carnival Corporation (NYSE: CCL) traded up 3.08 percent to $38.14 in early trading Tuesday after raising its fiscal year guidance.

Royal Caribbean Cruises (NYSE: RCL) also rose, trading up 3.98 percent to $31.63

Clearwire Corporation (NASDAQ: CLWR) traded up as well, rising 3.05 percent to $1.52.

Shares of Buffalo Wild Wings (NASDAQ: BWLD) also moved up 4.78 percent to $86.29 in early trading, following an upgrade at RBC Capital Markets.

Merrimack Pharmaceuticals (NASDAQ: MACK) plummeted in early trading 18.99 percent to $8.86 following an IPO lockup expiration.

Keg Energy Services (NYSE: KEG) fell 11.92 percent to $7.18 following a release lowering its third-quarter guidance.

Shares of Tesla (NASDAQ: TSLA) also fell, trading down 7.34 percent to $28.41 after announcing it was lowering its guidance and filing for a secondary offering of 4.3 million shares.

In economic news, the Richmond Fed released its manufacturing index, which came in at 4, much higher than the expected -5, and above the prior figure of -9. Consumer Confidence came in at 70.3, above the expected 63.1 and the prior figure of 60.6. Finally, the House Price Index Month over Month came in at 0.2 percent, below the expected 0.6 percent, and further below the previous figure of 0.7 percent.

Latest Ratings for CCL

DateFirmActionFromTo
Jun 2016Goldman SachsMaintainsNeutral
Jun 2016Sterne Agee CRTInitiates Coverage onBuy
May 2016Tigress FinancialUpgradesNeutralBuy

View More Analyst Ratings for CCL
View the Latest Analyst Ratings

Posted-In: News Guidance Upgrades Downgrades IPOs Events Econ #s Economics

 

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