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Morning Movers: DaVita, Bitcoin Soar; Home Depot, Snap Slump


Stocks were poised for a lower open Wednesday, following third-quarter productivity data and a surge in bitcoin past $12,000, which now makes it  bigger than all but 16 S&P 500 components.

ON-CI581_sunris_D_20171115084001.jpg Getty Images

S&P 500 futures were down 0.1% ahead of the open. The Dow Jones Industrial Average futures and Nasdaq futures were both off 0.3%.

DaVita  (DVA) is up 10.7% on news it sold its  DaVita Medical Group to UnitedHealth's  (UNH) Optum.

As for individual stocks, Dave & Buster's  (PLAY) is up 5.6% on its upbeat earnings report and the introduction of new, smaller store formats.

American Eagle  (AEO) is climbing 4.3% after its earnings and guidance beat expectations.

Fred's  (FRED) is down 22.% on its weak earnings and the cancellation of its dividend.

Veeva Systems  (VEEV) is falling 3.9%, despite a better-than-expected quarter, on disappointing 2019 guidance.

Home Depot  (HD) is off 2.3% after it reaffirmed its guidance slightly below consensus estimates, provided some long-term financial targets, and said its board authorized $15 billion in share repurchases.

RH  (RH) is down 1.8% after reporting a quarter in-line with its previous announcement and reaffirming its forecast.

Chemours  (CC) is slumping 7.7% after Goldman Sachs cut it to Neutral.

Carnival  (CCL) is up 0.9% after Morgan Stanley upgraded it to Equal Weight.

Snap  (SNAP) is down 2.4% after Evercore ISI initiated coverage of the stock with an Underperform rating and $7 price target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , US Markets
Referenced Symbols: DVA , UNH , PLAY , AEO , FRED


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