Following the market opening Monday, the Dow traded up 0.05
percent to 16,486.63 while the NASDAQ declined 0.21 percent to
4,147.91. The S&P also fell, dropping 0.06 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 13.50 percent to $15.13 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 6.46 percent to $14.00 after the company signed an
agreement to develop
1GW solar power plant project in Xinjiang, Western China.
Polypore International (NYSE:
) was also up, gaining 4.74 percent to $39.81 after the company
announced settlement and license agreement with Sumitomo
Equities Trading DOWN Shares of Twitter (NYSE:
) were down 6.43 percent to $59.65 after tumbling 13.04% on
Friday. Twitter shares surged to an all-time high of $74.73 on
Cooper Tire & Rubber Co (NYSE:
) tumbled 2.92 percent to $22.29 after the company
terminated a merger
agreement with Apollo Tyres.
) was down, falling 1.40 percent to $54.67. Facebook shares have
jumped 108.26 percent over the past 52 weeks.
Commodities In commodity news,
oil traded down 0.42 percent
to $99.90, while gold traded down 0.60 percent to $1,206.70.
Silver traded down 1.92 percent Monday to $19.67, while copper
fell 0.12 percent to $3.38.
Eurozone European shares
were mostly lower
today. The Spanish Ibex Index dropped 0.15 percent, while Italy's
FTSE MIB Index climbed 0.06 percent. Meanwhile, the German DAX
dropped 0.39 percent and the French CAC 40 jumped 0.05 percent
while U.K. shares declined 0.33 percent.
Economics The NAR's pending home sales index rose 0.20% in
November, versus economists' expectations for a 1.00% gain.
The Treasury is set to auction 3-and 6-month bills.
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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