Sphere 3D stock pulls back sharply after after share, warrant offering
Shares of Sphere 3D Corp. tumbled 26.6% on heavy volume of 35.4 million shares in morning trading Friday, to pull back from a 3 1/2-year high, after the computing, storage and networking technologies company announced the pricing of a $192.1 million direct offering of common stock and warrants. The company said before the opening bell that the offering to institutional investors to buy one common share and one-half warrant to buy one common share priced at $8.50 each. The company said it will us
US adds just 235,000 jobs in August as Delta variant spreads
Unemployment rate declines by 0.2 percentage points to 5.2% from 5.4% in July as employers cut back hiring plans Job increases in August came from gains in professional and business services, transportation and warehousing, private education and manufacturing. Photograph: Frederic J Brown/AFP/Getty Images The US economy added just 235,000 jobs in August, a sharp drop from preceding months, as employers cut back hiring plans amid the spread of the Delta variant of the coronavirus virus. The unemp
4 Infrastructure Stocks to Add to Your Watchlist
Last month, the U.S. Senate approved a $1-trillion infrastructure bill that aims to rebuild roads and bridges in the United States, fund environment-friendly initiatives, and revamp utilities, including high-speed Internet and power infrastructure. Using the TipRanks stock Screener, let’s look at some infrastructure stocks across the above areas that could stand to benefit. I am neutral about all the stocks mentioned in this article. Deere & Company (DE) Deere is an agricultural, construction, a
S&P 500, Dow slip as monthly jobs growth slows; tech stocks lift Nasdaq
The S&P 500 and the Dow fell on Friday as a slowdown in U.S. jobs growth raised questions about the pace of the economic recovery, while the tech-heavy Nasdaq rose as the report also calmed fears of an imminent tapering in monetary policy. Nine of the 11 S&P sectors were down by early afternoon, with economically sensitive industrials and financial stocks leading declines. “The number’s a big disappointment and it’s clear the Delta variant had a negative impact on the labor economy this summer,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
10 Biggest Price Target Changes For Friday
Deutsche Bank raised Broadcom Inc. (NASDAQ: AVGO) price target from $525 to $560. Broadcom shares rose 0.4% to $494.08 in pre-market trading. Oppenheimer raised MongoDB, Inc. (NASDAQ: MDB) price target from $400 to $470. MongoDB shares jumped 13.4% to $456.00 in pre-market trading. JMP Securities boosted the price target for DocuSign, Inc. (NASDAQ: DOCU) from $310 to $320. DocuSign fell 0.2% to $293.94 in pre-market trading. Wells Fargo lifted the price target for Signet Jewelers Limited (NYSE:
Traders Set to Test Powell Push to Delink Hikes From Taper
(Bloomberg) — Bond investors may not wait long to start pushing back against Federal Reserve Chair Jerome Powell’s efforts to delink the start of asset-purchase tapering from the countdown to eventual policy-rate hikes.Since Powell last week said the central bank could begin reducing its monthly bond buying this year, traders have stuck with early 2023 as the likely timing for the Fed’s liftoff from zero interest rates, and Treasury yields have barely budged.But that calm faces a test starting
Mid-Day Market Update: Crude Oil Jumps Over 2%; Assembly Biosciences Shares Plunge
Midway through trading Thursday, the Dow traded up 0.42% to 35,461.47 while the NASDAQ rose 0.39% to 15,369.38. The S&P also rose, gaining 0.38% to 4,541.06. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 39,399,080 cases with around 642,090 deaths. India confirmed a total of at least 32,857,930 cases and 439,520 deaths, while Brazil reported over 20,804,210 COVID-19 cases with 581,150 deaths. In total, there were at least 218,516,630 cases of
2 Top Stocks Getting Hammered After Hours
The stock market started September with mixed performance from major indexes, as many investors looked forward to employment data due out Friday to give a hint on the future direction of the market. The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to climb to another record high, but the S&P 500 (SNPINDEX: ^GSPC) was just about unchanged, and the Dow Jones Industrial Average (DJINDICES: ^DJI) actually gave up ground. The string of high-profile earnings reports continued after the market closed on Wednesday, and some stocks took big hits despite companies offering relatively strong results.
This Could Mean Moderna and BioNTech Are Actually Dirt Cheap
As the pandemic took over global consciousness, companies pursuing vaccines became the stars of the stock market. Moderna (NASDAQ: MRNA) and Pfizer (NYSE: PFE), along with its partner BioNTech (NASDAQ: BNTX), were the first to have jabs authorized by the Food and Drug Administration. It’s no secret that the COVID-19 vaccines have brought riches to the companies first to receive authorization.