BUZZ-U.S. STOCKS ON THE MOVE-Avery Dennison, Snap-On, Avadel Pharma

Reuters
2024.10.17 16:01
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Wall Street saw gains on Thursday, with the S&P 500 and Dow reaching intraday record highs, driven by TSMC’s positive forecast and strong retail sales. Notable stock movements included Snap-On Inc up 8.6%, Elevance Health down 12.7%, and Avery Dennison up 0.9% after a BofA upgrade. The Dow was up 0.4%, S&P 500 up 0.29%, and Nasdaq up 0.36%.

Eikon search string for individual stock moves: (STXBZ)

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The Morning News Call newsletter: here Wall Street gained on Thursday, with the S&P 500 and the Dow touching intraday record highs, driven by TSMC’s upbeat forecast and a bigger-than-expected rise in monthly retail sales indicating a strong U.S. consumer. (.N)

At 11:32 ET, the Dow Jones Industrial Average (.DJI) was up 0.4% at 43,238.32. The S&P 500 (.SPX) was up 0.29% at 5,859.7 and the Nasdaq Composite (.IXIC) was up 0.36% at 18,432.436.

The top three S&P 500 (.PG.INX) percentage gainers:

Snap-On Inc (SNA.N) , up 8.6%

The Travelers Companies (TRV.N) , up 7.5%

Blackstone (BX.N) , up 5.2%

The top three S&P 500 (.PL.INX) percentage losers:

Elevance Health (ELV.N) , down 12.7%

Molina Healthcare (MOH.N) , down 12%

Centene (CNC.N) , down 9.2%

The top NYSE (.PG.N) percentage gainer:

1847 Holdings (EFSH.N) , up 70.3%

The top two NYSE (.PL.N) percentage losers:

Elevance Health (ELV.N) , down 12.7%

Molina Healthcare (MOH.N) , down 12%

The top three Nasdaq (.PG.O) percentage gainers:

Staffing 360 Solutions (STAF.O) , up 151.9%

Oriental Rise Holdings (ORIS.O) , up 113.1%

Nixxy (NIXX.O) , up 111.4%

The top three Nasdaq (.PL.O) percentage losers:

180 Life Sciences (ATNF.O) , down 38.5%

AGBA Group Holding (ILLR.O) , down 32.6%

Versus Systems (VS.O) , down 31.1%

Rentokil Initial PLC (RTO.N) : up 7.2%

BUZZ - Tops FTSE 100 on expanding North America growth initiatives

Expedia Group Inc (EXPE.O) : up 3.9%

BUZZ - Gains on report of Uber considering buyout of travel tech firm

Lucid Group Inc (LCID.O) : down 15.4%

BUZZ - Slumps on stock sale, forecast of larger-than-expected Q3 loss

Meta Platforms Inc (META.O) : up 0.4%

BUZZ - Edges higher on reports of layoffs, TD Cowen’s PT hike

CSX Corp (CSX.O) : down 5.1%

BUZZ - Falls after weak Q3 results

Apple Inc (AAPL.O) : up 0.3%

Nvidia Corp (NVDA.O) : up 2.8%

Broadcom Inc (AVGO.O) : up 4.1%

Intel Corp (INTC.O) : up 1.2%

BUZZ - US chip stocks rise after TSMC’s strong Q3 results

Elevance Health Inc (ELV.N) : down 12.7%

BUZZ - Slumps on ‘perfect storm of underperformance’, drags down rivals

Capricor Therapeutics Inc (CAPR.O) : down 5.2%

BUZZ - Falls on pricing $75 mln stock offering

Gritstone bio Inc (GRTS.O) : down 10.2%

BUZZ - Falls after reducing workforce

Blackstone Inc (BX.N) : up 5.2%

BUZZ - Rises as Q3 profit exceeds Wall St expectations

Calumet Inc (CLMT.O) : up 5.1%

Gevo Inc (GEVO.O) : up 12.9%

BUZZ - Shares rise after US offers conditional loan guarantees

Travelers Companies Inc (TRV.N) : up 7.5%

BUZZ - Rises after Q3 profit soars

ShiftPixy Inc (PIXY.O) : up 84.5%

BUZZ - More than triples on $150 mln deal for AI firm TurboScale

Danaher Corp (DHR.N) : up 2.3%

Thermo Fisher Scientific Inc (TMO.N) : up 2.4%

BUZZ - US life sciences firms get lift from Sartorius’ results

Uranium Energy Corp (UEC.N) : up 6.2%

BUZZ - Rises on US regulator approval of production boost at Wyoming plant

Starbucks Corp (SBUX.O) : up 0.4%

BUZZ - Brokerage BTIG raises Starbucks’ PT ahead of Q4 results

Zuora Inc (ZUO.N) : up 6.2%

BUZZ - Rises as Silver Lake, GIC to take company private in $1.7 bln deal

Equifax Inc (EFX.N) : down 2.7%

BUZZ - Drops after soft 2024 guidance

Affirm Holdings Inc (AFRM.O) : down 8.0%

BUZZ - Slips as Apple offers Klarna’s flexible payment options on Apple Pay

Kezar Life Sciences Inc (KZR.O) : down 8.5%

BUZZ - Falls on terminating mid-stage lupus drug trial

Steel Dynamics Inc (STLD.O) : up 4.7%

BUZZ - Rises after beating Q3 profit estimates

Avery Dennison Corp (AVY.N) : up 0.9%

BUZZ - Rises after BofA upgrades to “buy”, lifts PT

Snap-On Inc (SNA.N) : up 8.6%

BUZZ - Rises after Q3 profit beat

Xerox Holdings Inc (XRX.O) : up 2.8%

BUZZ - Up on deal to buy ITsavvy for $400 million

Sage Therapeutics Inc (SAGE.O) : down 2.7%

BUZZ - To lay off more than half of R&D team, shares fall

M&T Bank Corp (MTB.N) : up 4.2%

BUZZ - Rises on higher third-quarter profit

Netflix Inc (NFLX.O) : down 1.1%

BUZZ - Falls ahead of Q3 results, investors to focus on growth strategy

Avadel Pharmaceuticals Inc (AVDL.O) : up 3.1%

BUZZ - Rises as FDA expands approval for sleep disorder drug

Ulta Beauty Inc (ULTA.O) : down 0.3%

BUZZ - Brokerages cut Ulta Beauty’s PT on slower recovery; shares fall

Discover Financial Services (DFS.N) : up 1.5%

BUZZ - Rises after Q3 profit surge

Energous Corp (WATT.O) : up 1.8%

BUZZ - Rises following new CEO appointment

The 11 major S&P 500 sectors:

Communication Services (.SPLRCL) down 0.21%

Consumer Discretionary (.SPLRCD) down 0.10%

Consumer Staples (.SPLRCS) down 0.28%

Energy (.SPNY) down 0.04%

Financial (.SPSY) up 0.51%

Health (.SPXHC) down 0.38%

Industrial (.SPLRCI) down 0.23%

Information Technology (.SPLRCT) up 1.13%

Materials (.SPLRCM) flat

Real Estate (.SPLRCR) down 0.60%

Utilities (.SPLRCU) down 0.26%