Trump Talks; Biotechs, Lockheed Fall; Merck Buoys Dow, Microchip Up


Trump Talks; Biotechs, Lockheed Fall; Merck Buoys Dow, Microchip Up
  1. Trump Talks; Biotechs, Lockheed Fall; Merck Buoys Dow, Microchip Up
    investors.com
    The Nasdaq composite's six-session win streak was in jeopardy in late-afternoon trading Wednesday, weighed down by weakness in biotech…
    Markets

The Nasdaq composite's six-session win streak was in jeopardy in late-afternoon trading Wednesday, weighed down by weakness in biotech stocks.

The Dow Jones industrial average rose 0.3%, while the S&P 500 added 0.1%. The Nasdaq was flat. Volume on the Nasdaq and NYSE was tracking about 10% higher than Tuesday's levels.

In the stock market today, biotechs took heat after President-elect Donald Trump took aim at the pharmaceutical industry in his first press conference, saying that "new bidding procedures" are needed on drug prices.

Meanwhile, Lockheed Martin (LMT) gave up its 50-day moving average after Trump vowed to increase competition on fighter jets and bring down costs on the F-35.

Alexion (ALXN), Incyte (INCY), Mylan (MYL), Biogen (BIIB) and Celgene (CELG) were top decliners in the Nasdaq, falling anywhere from 3% to 5%. The iShares Nasdaq Biotechnology (IBB) gave up 3%.

Merck (MRK) was off highs but still a bright spot in the Dow, rising 2% to 61.22. The FDA is considering its immunotherapy drug Keytruda along with chemotherapy to treat advanced lung cancer. A decision is expected in May. Merck is working on a new base with a 65.56 buy point.

Small cap Barracuda Networks (CUDA) rebounded after Tuesday's reversal off highs despite solid earnings. Shares rose nearly 3% to 24.66. It's still in buy range from a 24.57 double-bottom entry.

IBD'S TAKE: The security software group has been lagging the market in recent months, but the group is home to some…

Tags: #Merck
  1. Johnson Investment Counsel Inc. Acquires 34 Shares of Cardinal Health Inc. (CAH)

    Wkrb13.com - Markets
    01.20 / 03:09 wkrb13.com
    Johnson Investment Counsel Inc. raised its stake in shares of Cardinal Health Inc. (NYSE:CAH) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 8,987 shares of the company’s stock after buying an additional 34 shares during the period. Johnson Investment Counsel Inc.’s holdings in Cardinal Health were worth $698,000 as of its…
  2. Bradley Foster & Sargent Inc. CT Sells 585 Shares of Paychex Inc. (PAYX)

    Wkrb13.com - Markets
    01.20 / 02:34 wkrb13.com
    Bradley Foster & Sargent Inc. CT decreased its position in Paychex Inc. (NASDAQ:PAYX) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 14,519 shares of the company’s stock after selling 585 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Paychex were worth $840,000 at the end of…
  3. Zacks Investment Management Buys 3,522 Shares of Huntington Ingalls Industries Inc. (HII)

    Wkrb13.com - Markets
    01.20 / 02:33 wkrb13.com
    Zacks Investment Management raised its stake in Huntington Ingalls Industries Inc. (NYSE:HII) by 253.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,913 shares of the company’s stock after buying an additional 3,522 shares during the period. Zacks Investment Management’s holdings in Huntington Ingalls Industries were…
  4. Johnson Investment Counsel Inc. Continues to Hold Stake in Valspar Corp. (VAL)

    Wkrb13.com - Markets
    01.20 / 02:32 wkrb13.com
    Johnson Investment Counsel Inc. maintained its position in Valspar Corp. (NYSE:VAL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,250 shares of the company’s stock at the end of the third quarter. Johnson Investment Counsel Inc.’s holdings in Valspar Corp. were worth $769,000 at the…
  5. Shinko Asset Management Co. Ltd. Has $1,008,000 Position in General Electric Co. (GE)

    Wkrb13.com - Markets
    01.20 / 01:59 wkrb13.com
    Shinko Asset Management Co. Ltd. lowered its stake in shares of General Electric Co. (NYSE:GE) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,037 shares of the company’s stock after selling 585 shares during the period. Shinko Asset Management Co.…
  6. Mirae Asset Global Investments Co. Ltd. Buys New Stake in ConocoPhillips (COP)

    Wkrb13.com - Markets
    01.20 / 01:58 wkrb13.com
    Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the third quarter, Holdings Channel reports. The fund purchased 20,746 shares of the company’s stock, valued at approximately $901,000. A number of other large investors have also recently made changes to their positions in COP. Telemus Capital LLC boosted…
  7. Skandinaviska Enskilda Banken AB publ Boosts Position in Calpine Corp. (CPN)

    Wkrb13.com - Markets
    01.20 / 01:57 wkrb13.com
    Skandinaviska Enskilda Banken AB publ boosted its position in shares of Calpine Corp. (NYSE:CPN) by 38.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 71,400 shares of the company’s stock after buying an additional 19,700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Calpine…
  8. Suffolk Capital Management LLC Buys Shares of 45,636 Bellicum Pharmacueticals Inc. (BLCM)

    Wkrb13.com - Markets
    01.20 / 01:56 wkrb13.com
    Suffolk Capital Management LLC bought a new position in shares of Bellicum Pharmacueticals Inc. (NASDAQ:BLCM) during the third quarter, according to its most recent filing with the SEC. The firm bought 45,636 shares of the biopharmaceutical company’s stock, valued at approximately $908,000. Suffolk Capital Management LLC owned approximately 0.17% of Bellicum Pharmacueticals as of its…
  9. Skandinaviska Enskilda Banken AB publ Continues to Hold Stake in Lululemon Athletica Inc. (LULU)

    Wkrb13.com - Markets
    01.20 / 01:55 wkrb13.com
    Skandinaviska Enskilda Banken AB publ held its position in Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,200 shares of the apparel retailer’s stock at the end of the third quarter. Skandinaviska Enskilda Banken AB publ’s holdings in…
  10. Profund Advisors LLC Purchases New Position in TAL Education Group (XRS)

    Wkrb13.com - Markets
    01.20 / 01:19 wkrb13.com
    Profund Advisors LLC purchased a new position in shares of TAL Education Group (NYSE:XRS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,352 shares of the company’s stock, valued at approximately $1,088,000. A number of other hedge funds also recently modified their holdings of the…
  11. Bokf Na Buys 8,185 Shares of Starwood Property Trust Inc. (STWD)

    Wkrb13.com - Markets
    01.20 / 01:18 wkrb13.com
    Bokf Na raised its stake in shares of Starwood Property Trust Inc. (NYSE:STWD) by 20.0% during the third quarter, Holdings Channel reports. The institutional investor owned 49,032 shares of the company’s stock after buying an additional 8,185 shares during the period. Bokf Na’s holdings in Starwood Property Trust were worth $1,105,000 at the end of…
  12. Asia mixed ahead of China GDP, Trump inauguration less than a day away

    CNBC - Stocks
    01.20 / 00:27 cnbc.com
    Asian markets were a mixed bag early on Friday, after U.S. stocks fell overnight as risk sentiment sours ahead of Donald Trump's…
  13. Prudential Financial Inc. Sells 4,150 Shares of World Acceptance Corp. (WRLD)

    Wkrb13.com - Markets
    01.19 / 22:53 wkrb13.com
    Prudential Financial Inc. reduced its position in shares of World Acceptance Corp. (NASDAQ:WRLD) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,506 shares of the company’s stock after selling 4,150 shares during the period. Prudential Financial Inc.’s holdings in…
  14. Brixmor Property Group Inc. (BRX) Lifted to Buy at SunTrust Banks Inc.

    Wkrb13.com - Markets
    01.19 / 22:52 wkrb13.com
    Brixmor Property Group Inc. (NYSE:BRX) was upgraded by equities research analysts at SunTrust Banks Inc. from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $27.00 target price on the real estate investment trust’s stock. SunTrust Banks Inc.’s price objective suggests a potential upside…
  15. NVE Corp. (NVEC) to Issue $1.00 Quarterly Dividend

    Wkrb13.com - Markets
    01.19 / 22:51 wkrb13.com
    NVE Corp. (NASDAQ:NVEC) declared a quarterly dividend on Thursday, January 19th. Stockholders of record on Monday, January 30th will be paid a dividend of 1.00 per share on Tuesday, February 28th. This represents a $4.00 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Thursday, January 26th. Shares of NVE Corp. (NASDAQ:NVEC)…
  16. American Express Earnings Not as Good as Guidance

    247wallst.com - Markets
    01.19 / 22:27 247wallst.com
    American Express profits drop 8%, but outlook for 2017 is stronger than analysts had…
  17. Stocks Suffer Moderate Losses; IBM Falls After The Close

    Investors.com - News
    01.19 / 22:27 investors.com
    Stocks quickly surrendered early gains Thursday, then retreated to deepening losses in the final session before the transition of power in the U.S.…
  18. Willingdon Wealth Management Purchases 853 Shares of Starwood Property Trust Inc. (STWD)

    Wkrb13.com - Markets
    01.19 / 22:15 wkrb13.com
    Willingdon Wealth Management increased its stake in Starwood Property Trust Inc. (NYSE:STWD) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 93,646 shares of the company’s stock after buying an additional 853 shares during the period. Willingdon Wealth Management’s holdings in Starwood Property Trust were worth $2,109,000 at the end of the…
  19. BlackRock Advisors LLC Sells 727 Shares of Datalink Corporation (DTLK)

    Wkrb13.com - Markets
    01.19 / 22:14 wkrb13.com
    BlackRock Advisors LLC decreased its stake in Datalink Corporation (NASDAQ:DTLK) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 196,545 shares of the company’s stock after selling 727 shares during the period. BlackRock Advisors LLC’s holdings in Datalink Corporation were worth $2,085,000 as of…
  20. Strs Ohio Sells 14,600 Shares of Barracuda Networks Inc. (CUDA)

    Wkrb13.com - Markets
    01.19 / 22:14 wkrb13.com
    Strs Ohio reduced its position in shares of Barracuda Networks Inc. (NYSE:CUDA) by 15.2% during the third quarter, Holdings Channel reports. The firm owned 81,336 shares of the company’s stock after selling 14,600 shares during the period. Strs Ohio’s holdings in Barracuda Networks were worth $2,072,000 at the end of the most recent reporting period.…