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Stocks Daily Review December 7, 2017

Stocks Daily Review for December 7, 2017

Steinhoff shares plummet after it admits ‘accounting irregularities’

Steinhoff International shares dropped after its CEO resigned and the company said it was investigating accounting irregularities.

 

GOLDMAN SACHS: Here are the 17 stocks hedge funds love the most

BI PRIME: Goldman Sachs recently updated their Very Important Position list of stocks that are popular among hedge funds.

 

Fred’s shares slide 12% after company’s loss widens and it cancels dividend

Fred’s Inc. shares FRED, -2.30% slid 12% premarket Wednesday, after the company posted weaker-than-expected third-quarter earnings and said it’s cance

 

Stocks Showing A Lack Of Direction In Morning Trading – U.S. Commentary

Following the weakness seen in the previous session, stocks have shown a lack of direction over the course of morning trading on Wednesday. The major averages have spent the morning bouncing back and forth across the unchanged line.

 

Stocks Could See Further Downside In Early Trading – U.S. Commentary

Stocks may see further downside in early trading on Wednesday following the weakness seen in the previous session. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 51 points.

 

European Shares Extend Slide Amid Risk Aversion

European stocks were notably lower on Wednesday as weak commodity prices, worries over a possible U.S. government shutdown and U.S. President Donald Trump’s comments that he plan to transfer his country’s embassy to Jerusalem dented risk appetite and fueled demand for safe-haven assets.

 

Asian Shares Tumble On Risk Aversion

Most Asian stocks fell on Wednesday as bond yields tumbled, metals prices plunged sharply, oil eased on supply worries and the Japanese yen gained ground on Middle East concerns as well as worries over a possible U.

 

European Shares Set For Weak Start

European stocks are seen opening on a tepid note Wednesday as the possibility of a U.S. government shutdown looms. Funding for the U.S. government runs out Friday, and some Democratic lawmakers are threatening to vote against spending bills unless Congress addresses their demands on funding priorities and protecting young immigrants.

 

Lululemon shares jump on earnings, sales beat

Lululemon Athletica Inc. LULU, +1.96% shares rose more than 6% late Wednesday after the apparel retailer reported third-quarter earnings and sales abo

 

Broadcom shares shaky after earnings beat

Broadcom Ltd. AVGO, +0.86% shares wobbled in the extended session Wednesday after the chipmaker’s quarterly results topped Wall Street estimates. Afte

 

Snap shares fall as Evercore sets Street’s most bearish price target

Snap Inc. SNAP, -2.28% shares fell 1.1% in Wednesday afternoon trade after analysts at Evercore initiated coverage of the stock with an underperform r

 




Steel stocks surges Commerce Dept.’s antidumping ruling on steel from Vietnam

Shares of steel companies rallied Wednesday, after the U.S. Commerce Department announced a preliminary ruling that certain steel products imported fr

 

U.S. stocks open lower as tech slump weighs

U.S. stock-market indexes opened slightly lower Wednesday, with the S&P 500 and Nasdaq on track for a fourth consecutive session of declines. The weak

 

Vera Bradley shares jump after earnings beat expectations

Vera Bradley Inc. VRA, +27.66% shares rose 4.8% in Wednesday premarket trading after the accessories company reported third-quarter earnings that beat

 

American Eagle Outfitters shares rise after same-store sales beat expectations

American Eagle Outfitters Inc. AEO, +2.42% shares rose 4.2% in Wednesday premarket trading after the apparel retailer reported third-quarter same-stor

 

European Shares To Open Higher On US Tax Reform Optimism

European stocks may open higher on Thursday after U.S. markets regained some equilibrium to end mixed overnight despite falling oil prices and concerns about the possibility of violence in the Middle East.

 

Mild Recovery Expected For Hong Kong Shares

The Hong Kong stock market has moved lower in two straight sessions, plummeting more than 900 points or 3 percent along the way. The Hang Seng Index now rests just beneath the 28,225-point plateau although it’s due for a rebound on Thursday.

 

China Shares Likely Rangebound On Thursday

The China stock market has finished lower in three straight trading days, sliding almost 25 points or 0.7 percent in that span. The Shanghai Composite Index now rests just above the 3,290-point plateau and it’s expected to hold steady in that neighborhood again on Thursday.

 

Malaysia Shares May Open In The Red

The Malaysia stock market headed south again on Wednesday, one session after it had halted the two-day slide in which it had given away more than 7 points or 0.4 percent.

 

Have a nice trading!




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