Midway through trading Monday, the Dow traded down 1.16
percent to 16,246.87 while the NASDAQ surged 1.80 percent to
4,099.29. The S&P also fell, dropping 1.39 percent to
Top Headline Lululemon Athletica (NASDAQ:
) lowered its guidance for the quarter. Lululemon now projects
FQ4 earnings of $0.71 to $0.73 per share, versus its December
outlook of $0.78 to $0.80 per share. It expects revenue of $513
million to $518 million, versus its earlier forecast of $535
million to $540 million.
Equities Trading UP Shares of Alnylam Pharmaceuticals (NASDAQ:
) got a boost, shooting up early in the day, but settling on a
gain of 40.40 percent to $92.96 after the company reported that
acquired investigational RNAi
Therapeutic assets from Merck (NYSE:
). Genzyme and Alnylam expanded their collaboration on rare
) shot up 24.41 percent to $83.32 after the company agreed to be
acquired by Suntory Holdings
for $83.50 per share in cash.
) was also on the rise, gaining 6.16 percent to $8.96 after the
company reaffirmed its long-term outlook, announced a $275
million buyback, and lifted its fourth quarter and fiscal year
guidance above street consensus.
Equities Trading DOWN Shares of SodaStream International
) were down 25.44 percent to $37.21 after the company lowered its
Lululemon Athletica (NASDAQ:
) tumbled 16.75 percent to $49.63 after the company cut its
) was also down, falling 9.69 percent to $60.66 after Stifel
downgraded the company to a Hold rating, while removing its $70
price target, causing traders to rush for the exits.
Commodities In commodity news, oil traded down 1.31 percent to
$91.51, while gold traded up 0.54 percent to $1,253.60. Silver
traded up 1.25 percent Monday to $20.41, while copper fell 0.09
percent to $3.34.
Eurozone European shares were higher today. The Spanish Ibex
Index rose 0.69 percent, while Italy's FTSE MIB Index surged 0.66
percent. Meanwhile, the German DAX climbed 0.32 percent and the
French CAC 40 rose 0.30 percent while U.K. shares gained 0.19
Economics The US Treasury monthly budget report for December
will be released at 2:00 p.m. ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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