Market Watch

US Dollar Firms up into NY Open

US Dollar Firms up into NY Open

October 17, 2017 at 1:46 pm 0 comments

The U.S. dollar firmed up into the New York open, with EUR/USD falling under 1.1810 on mixed reports that the European Central Bank may cut quantitative easing purchases levels, while extending the duration of the program. USD/JPY recovered the 112 handle after finding support into its 200-day moving average of 111.82. The U.S. calendar is headlined by September consumer priceRead More

Citigroup Gets Boost to Price Target From RBC to $79 From $75

Citigroup Gets Boost to Price Target From RBC to $79 From $75

October 17, 2017 at 1:44 pm 0 comments

Citigroup (C) received an increase to its price target from RBC Capital Markets after the bank on Thursday reported Q3 earnings per share and revenue above the firm’s expectations. The new price target from RBC is $79 per share, up from $75. This compares with a Thursday closing price of $72.37, down 3.4% on the day, as Citi’s adjusted earningsRead More

Headline PPI Rises In Line While Core Hotter-Than-Expected

Headline PPI Rises In Line While Core Hotter-Than-Expected

October 16, 2017 at 2:59 pm 0 comments

The hurricane-boosted 0.4% September U.S. producer price index (PPI) headline was in line, while core price gains beat estimates thanks to a firm 0.4% service price increase, with price gains of 0.8% for trade services and 1.0% for transportation and warehousing services. There was the largely expected 0.7% goods price gain with a 3.4% energy price surge, alongside a flatRead More

Hawaiian Holdings to Pay Quarterly Cash Dividend Starting Next Month

Hawaiian Holdings to Pay Quarterly Cash Dividend Starting Next Month

October 16, 2017 at 2:57 pm 0 comments

Hawaiian Holdings (HA), parent company of Hawaiian Airlines, said pre-market Thursday it will start to pay a quarterly cash dividend. The company said it will pay a $0.12 a share dividend, effective Nov. 30, to all shareholders of record as of Nov. 17. The dividend will be in addition to the $100 million share repurchase program announced in April. AsRead More

Financial Shares Mainly Higher Pre-Market

Financial Shares Mainly Higher Pre-Market

October 10, 2017 at 9:05 pm 0 comments

Financial shares were higher ahead of opening bell Friday following the report that U.S. employment dropped 33,000 in September due to hurricanes Harvey and Irma. Forecasts had called for a 75,000 increase in nonfarm jobs, but estimates may not be comparable because of the uncertainty surrounding the impact of the storms. The unemployment rate, which was not affected by theRead More

Paratek Pharma Shares Rise 3% Pre-Bell as Study Shows ‘Potent’ Activity of Omadacycline vs Pathogens

Paratek Pharma Shares Rise 3% Pre-Bell as Study Shows ‘Potent’ Activity of Omadacycline vs Pathogens

October 10, 2017 at 9:04 pm 0 comments

Paratek Pharmaceuticals (PRTK) shares gained more than 3% in pre-market trade Friday after the company said a study showed that its once-daily, oral and IV, broad-spectrum investigational antibiotic, omadacycline is active against the clinically important typical and atypical community-acquired bacterial pneumonia pathogens. The data show in vitro antibacterial activity and clinical efficacy against gram-positive and gram-negative bacterial isolates, Paratek said.Read More

RBC Raises Costco PT to $190 on Q4 EPS Beat

RBC Raises Costco PT to $190 on Q4 EPS Beat

October 10, 2017 at 9:02 pm 0 comments

Costco Wholesale (COST) has had its price target raised by analysts at RBC to $190 from $184 on better-than-expected Q4 results. The firm maintained its outperform rating on the stock. Shares of Costco are down 3% in pre-market trading. In a note to clients, RBC said Costco’s sales and traffic remain “solid and consistent,” and cited traffic growth of “aRead More