Feb 18, 2022
($ANFI)
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($ANFI)
New all-time highs….again!
U.S. markets posted tremendous returns for the month of February…though March didn’t start off too shabby either…as upside momentum was spurred once again by M&A activity, a surprise rate cut from the People’s Bank of China, and continued enthusiasm over U.S. equities. The Nasdaq Composite Index jumped above 5,000 level for the first time since March 27, 2000 (note coming into today, the NASDAQ has closed above 5K only 2 times in its history and only traded above that level 7 times in existence), as strength in semiconductors (amid M&A deal in space NXPI/FSL) led tech higher.
The Dow Jones Industrials (posted new intraday all-time high) were helped by jump in shares of Visa (V) after Costco struck a deal with the company and as MCD momentum takes stock to best levels since July, though gains were broad based (INTC, CSCO, BA, NKE all gains over 1.5%)· Defensive sectors were under pressure as bonds were weaker, as well as sectors such as Telecom & Utilities…Energy stocks were once again among the day’s biggest losers · After posting some of the best gains for February since 1998, the NASDAQ Composite jumped 7.08%, the S&P 500 rose 5.49% and the Dow Industrials rose 5.64%, major averages started out the new month on a positive note.
HammerstoneReport Closing ReCap -3/2/15
What We're Trading
FSL - Freescale Semi up 9% in the pre after announcing it will be acquired by NXPI for $11.8B in cash and stock.
PCRX - The U.S. Food and Drug Administration rejected Pacira Pharmaceuticals Inc's application for expanding the use of its pain drug, EXPAREL. Shares crashing 14% on the OptionsHouse extended hours platform, and Citadel owns 20M shares, so they can't be too pleased this am.
COST - Costco enters into long-term deal with Visa to replace AXP as the credit card of the chain, shares of V up 2.5% in the pre.
ANFI - Amira beat EPS forecasts by 10 cents on stronger revenue & reaffirmed guidance, shares up 10% here.
AXP - Positive mention in Barron's pushes shares up 1% in the pre.
Stocks to Watch Today: 2/25/14
Pick up some $CONN today. Watch $RP & $ANFI too.