During
regular
trading
hours,
there
were
many
stocks
that
continued
to
break
up
to
the
upside.
These
stocks
are
usually
going
up
with
news.If
you
are
looking
to
day
trade
also
Also
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Quick Look Market Closing Price:
At the close:
- Dow +1.10% to 16242. S&P +0.95% to 1858. Nasdaq +0.81% to 4279.
- Treasurys: 30-year -0.39%. 10-yr -0.21%. 5-yr -0.14%.
- Commodities: Crude -1.05% to $97.53. Gold -0.91% to $1366.5.
- Currencies: Euro +0.05% vs. dollar. Yen +0.39%. Pound +0.11%.
Market recap:
Stocks surge as markets take Crimea vote in stride
- Investors brush off Crimea’s widely expected vote to secede from Ukraine - a peculiar complacency, considering the potential geopolitical ripples - to push stocks broadly higher in a short-covering rally after the weekend passed without military action or any strong economic action from the U.S. or western Europe.
- Today's gains followed last week's 2% drop in the S&P 500 and may have provided an opportunity for bulls who have been looking for pullbacks.
- NYSE Composite trading volume totaled ~2.7B shares, among the lowest full-trading days of the year; amid the weak volume, the VIX fell nearly 13%.
- Action was supported throughout the day by leadership from techs, industrials and financials, some of its most heavily-weighted sectors, which all rose more than 1%; utilities trailed all other sectors, but still rose a respectable 0.6%.
- Meanwhile, U.S. industrial production rose more than expected last month, supporting the notion that U.S. economic growth is still on track and that earlier weakness had more to do with bad weather than a lack of underlying activity.
- Typical safe havens such as bonds and gold also showed little concern over the Crimea results: Selling in bonds pushed the yield on the 10-year Treasury up 3.5 bps to 2.69%, and gold futures fell 0.5% to $1,372/oz. after settling Friday at a six-month high.
Moving higher:
FutureFuel Corp. (NYSE: FF )- up 17% - reports Q4 EPS of
$0.61. Revenue came in at $125.60M.
Galena Biopharma, Inc. (NASDAQ: GALE) - up 5% - reports Q4
EPS of $(0.46), revenue of $1.32M. Raises FY Abstral sales outlook from $8-12M
to $11-15M.
Moving lower:
Oxygen Biotherapeutics (NASDAQ: OXBT) - down 5% - announced
a proposed offering of common shares.
Emerald Oil - (NYSE: EOX) - down 6.7% - Announces private
offering of $125 million of convertible senior notes due 2019.
Towerstream Corporation (NASDAQ: TWER) - down 4.2% - reports
Q4 EPS of $(0.10) versus the estimated $(0.10), inline. Revenue came in at
$8.52M versus the estimated $8.58M. Sees Q1 shared wireless sales $650-750k,
fixed wireless sales $7.8-8M.
Choice Hotels (NYSE: CHH)
- down 2.5% - announced an offering of 3M shares by selling shareholders.
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