Benzinga Mid-Day Market Update

Loading...
Loading...
Midway through the day Thursday, the Dow traded up 0.76 percent to 13,515.19, while the NASDAQ rose 1.40 percent to 3,136.67. The S&P was also up, rising 1.09 percent to 1,448.90. Thor Industries
THO
received a boost in early trading, rising 5.67 percent to $36.36 following the announcement that its profit rose 20 percent in the fourth-quarter after the close Wednesday. IMAX
IMAX
also rose following a Susquehanna upgrade to Positive. It traded up 3.54 percent to $19.89. Tempur Pedic
TPX
exploded onto the market, trading up 16.50 percent to $31.20 after announcing it would acquire Sealy
ZZ
. HB Fuller
FUL
fell 8.39 percent to $30.58 in early trading following its re-affirmation of guidance after the market close on Wednesday. Dollar General
Loading...
Loading...
DG
also fell, trading down 1.14 percent to $52.28 after announcing it would perform a 30 million share secondary offering. Shares of Cepheid
CPHD
continued to plummet, falling 7.74 percent to $36.12 after lowering its guidance Wednesday. In economic news, the GDP price index came in exactly at the expected 1.6 percent, equal to the previous figure, while durable goods orders came in at -13.2 percent, well below the estimated -5.0 percent, and even further below the previous figure of 3.3 percent. Core PCE quarter over quarter came in at 1.7 percent, slightly above the expected 1.6 percent, and slightly below last month's 1.8 percent. Personal consumption was also lower than expected, coming in at 1.5 percent, below the estimated figure of 1.7 percent. Durable goods ex transportation was well below estimates, coming in at -1.6 percent, versus the expected 0.2 percent. Initial jobless claims were reported at 359 thousand, below the expected 375 thousand, while continuing claims were 3.271 million, below the expected 3.288 million, and a slight improvement over the previous figure of 3.275 million. Finally, pending home sales month over month came in at -2.6 percent, far below the expected 0.3 percent, and even further below last month's figure of 2.6 percent.
Loading...
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceEventsEcon #sEconomicsHotIntraday UpdateMarketsAnalyst RatingsMoversTrading Ideas
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...