Market Overview

Benzinga Mid-Morning Market Update

Share:
Related CCL
Brexit Impact Fears For Carnival May Be Premature
Carnival Shares Sink After Early Rally
Cruise line stocks rally after Carnival says Zika is a non-factor (Seeking Alpha)
Related RCL
6 Notable Stocks Trading Ex-Dividend Tuesday, September 27
Cuts, Raises, Suspensions And Specials: The Week In Dividends
Cruise Through Q4 With Royal Caribbean (Seeking Alpha)

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
Sep 2016Buckingham ResearchMaintainsBuy
Sep 2016BernsteinInitiates Coverage onOutperform
Sep 2016Morgan StanleyDowngradesEqual-weightUnderweight

View More Analyst Ratings for CCL
View the Latest Analyst Ratings

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

 

Related Articles (BWLD + CCL)

View Comments and Join the Discussion!