After-Hours Recap: Indexes Up Friday, But Still Down For The Week; Some Stocks Moving After The Bell

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After posting some losses in the morning, U.S. stock indexes rebounded on Friday afternoon, after investors had time to digest April’s jobs data, which was not as bad as the market initially believed, analysts argued.

Among the day’s biggest gainers were materials, industrials and consumer discretionary companies, along with oil and gold, which were up roughly 0.62 percent and 1.44 percent, respectively. On the other hand, drugmakers, airlines and software stocks plunged.

The S&P 500 Index delivered a 0.32 percent surge, to end the week down 0.39 percent. The largest returns on Friday were posted by Teradata Corporation TDC, PerkinElmer, Inc. PKI and Transocean LTD RIG.

The Dow Jones Industrial Average gained 0.45 percent, closing the week down 0.19 percent. Among the biggest winners on the last day of the week were Wal-Mart Stores, Inc. WMT and Cisco Systems, Inc. CSCO.

Finally, the Nasdaq 100 Index rose 0.48 percent, taking the weeks losses to 0.26 percent. Friday’s surge was partly driven by spikes in Activision Blizzard, Inc. ATVI and DISH Network Corp DISH.

Opposite was the case of Endo International plc - Ordinary Shares ENDP, which lost 39.19 percent during the day despite a first quarter earnings and revenue beat. What was driving the stock down was the management’s guidance for 2016. The company now expects full-year non-GAAP EPS of $4.50 to $4.80 on revenues of $3.87 billion to $4.03 billion, down from a previous guidance of $5.85 to $6.20 and $4.32 billion to $4.52 billion.

After-Hours Movers

Among the stocks posting the largest moves in Friday’s after-hours session were:

Bunge Ltd BG, up more than 20 percent after traders banned genetically modified crops without global approval

Ctrip.com International, Ltd. (ADR) CTRP, down 16.8 percent

Cincinnati Bell Inc. CBB, up 7.26 percent

KemPharm Inc KMPH, up 2.9 percent after a 55.9 percent loss during the day

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Gold Fields Limited (ADR) GFI, up 2.81 percent on rising gold prices

Herbalife Ltd. HLF, up more than 2.7 percent on earnings and higher likeliness of an FTC deal

Apollo Education Group Inc APOL, up 2.68 percent after shareholders approved the sale of the company to a consortium of investors

 

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

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Posted In: After-Hours CenterMoversETFs
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