Toward the end of trading Monday, the Dow traded up 0.08
percent to 16,491.77 while the NASDAQ declined 0.01 percent to
4,156.09. The S&P also fell, dropping 0.04 percent to
Top Headline Cal-Maine Foods (NASDAQ:
) reported an
in its fiscal second-quarter net income.
Cal-Maine's quarterly net income surged to $26.1 million, or
$1.08 per share, from $14.3 million, or $0.60 per share, in the
Its revenue climbed 8% to $354.3 million from $328.9
Equities Trading UP Shares of Crocs (NASDAQ:
) got a boost, shooting up 20.48 percent to $16.06 after the
company reported that it will receive a $200 million investment
from Blackstone Group LP (NYSE:
). Sterne Agee upgraded the stock from Underperform to
Trina Solar (NYSE:
) shot up 7.53 percent to $14.14 after the company signed an
agreement to develop
1GW solar power plant project in Xinjiang, Western China.
) was also up, gaining 10.75 percent to $19.98 after a Northland
Securities analyst pointed out multiple catalysts that could
cause the stock to rally.
Equities Trading DOWN Shares of Twitter (NYSE:
) were down 2.04 percent to $62.49 after tumbling 13.04% on
Friday. Twitter shares surged to an all-time high of $74.73 on
Myriad Genetics (NASDAQ:
) tumbled 13.43 percent to $20.90. Myriad expressed concerns over
CMS not valuing BRCA 2 gene in 81211 code, CMS 81211 payment
rate. Mizuho Securities downgraded the stock from Buy to
) was also down Monday, falling 4.10 percent to $26.52 as high
flying tech and social media names took a beating.
Commodities In commodity news,
oil traded down 0.97 percent
to $99.35, while gold traded down 1.05 percent to $1,202.70.
Silver traded down 0.44 percent Monday to $19.64, while copper
rose 0.10 percent to $3.38.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index rose 0.02 percent, while Italy's
FTSE MIB Index climbed 0.06 percent. Meanwhile, the German DAX
dropped 0.39 percent and the French CAC 40 fell 0.05 percent
while U.K. shares declined 0.29 percent.
Economics The NAR's pending home sales index rose 0.20% in
November, versus economists' expectations for a 1.00% gain.
The Dallas Fed general business activity index rose to 3.10 in
December, versus a prior reading of 1.90. However, economists
were expecting a reading of 4.00.
Data on farm prices will be released at 3:00 p.m. ET.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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