Midway through trading Friday, the Dow traded up 0.46 percent
to 16,100.83 while the NASDAQ dropped 0.13 percent to 4,234.97.
The S&P also rose, gaining 0.24 percent to 1,834.24.
Leading and Lagging Sectors In trading on Friday, Basic
Materials shares were relative leaders, up on the day by 0.78
Top gainer in the sector was AMCOL International (NYSE:
), up 8.5 percent. Shares of Cliffs Natural Resources (NYSE:
) also surged 4.5 percent after the company reported upbeat
Financials sector was the only decliner in the market today,
down on the day by 0.05 percent. Among the financial stocks,
) was down 6.7%, while TAL International Group (NYSE:
) tumbled around 4.2%. Shares of TAL International dipped after
the company reported downbeat quarterly earnings.
Campbell Soup Co (NYSE:
) reported a
in its fiscal second-quarter profit. Campbell's quarterly
earnings surged to $325 million, or $1.03 per share, versus $190
million, or $0.60 per share, in the year-ago quarter. Excluding
special costs, it earned $1.04 per share. Its sales climbed 5.5%
to $2.28 billion. However, analysts were projecting earnings of
$0.73 per share on revenue of $2.27 billion.
Equities Trading UP LogMeIn (NASDAQ:
) shot up 24.58 percent to $41.45 after the company reported
upbeat Q4 earnings and issued a strong forecast.
Shares of Bankrate (NYSE:
) got a boost, shooting up 13.07 percent to $19.67 after the
company reported better-than-expected Q4 results.
) was also up, gaining 7.54 percent to $14.76 after the company
reported strong Q2 revenue and announced a
$200 million share buyback
Equities Trading DOWN Shares of Weight Watchers International
) were down 26.01 percent to $22.63 after the company reported
downbeat Q4 earnings and issued a weak FY14 forecast.
) shares tumbled 18.75 percent to $29.60 after the company
reported downbeat Q4 earnings and named Kira Wampler as Chief
GNC Holdings (NYSE:
) was down, falling 12.24 percent to $45.97 after the company
reported weaker-than-expected Q4 results and issued downbeat FY14
guidance. Goldman Sachs downgraded the stock from Buy to Neutral
and cut the price target from $72.00 to $54.00.
Commodities In commodity news, oil traded down 0.36 percent to
$99.99, while gold traded up 1.33 percent to $1,317.40.
Silver traded up 4.02 percent Friday to $21.22, while copper
rose 0.37 percent to $3.26.
Eurozone European shares were higher today.
The Spanish Ibex Index rose 0.34 percent, while Italy's FTSE
MIB Index surged 1.62 percent.
Meanwhile, the German DAX gained 0.68 percent and the French
CAC 40 climbed 0.63 percent while U.K. shares rose 0.06
Economics The import price index climbed 0.1% in January,
versus economists' expectations for a 0.1% decline.
US industrial production fell 0.30% for January, versus
economists' estimates of a 0.20% gain.
The preliminary reading of the Reuters/University of
Michigan's consumer sentiment index came in at 81.20 in February,
versus a prior reading of 81.20. However, economists were
expecting a reading of 80.20.
(c) 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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