Halozyme Therapeutics Q4 Loss, Revenues Top Views

Halozyme Therapeutics Q4 Loss, Revenues Top Views

Halozyme Therapeutics (HALO), a biotechnology company developing cancer treatments, posted a narrower-than expected loss per share for Q4. The net loss was $0.21 per share, compared with earnings per share of $0.03 in the same quarter a year earlier. Analysts in a Capital IQ poll expected loss per share of $0.30 on average. Revenue in Q4 was $39.0 million compared with $52.2 million for the fourth quarter of 2015. That’s […]

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Good News Keeps Rolling in For Equity Bulls Optimistic About Trump’s Plan

Good News Keeps Rolling in For Equity Bulls Optimistic About Trump’s Plan

Equity bulls have received a lot of good news in the past 12 to 18 hours — data shows grwoth remains strong as German inflation, China manufacturing, PMI and ISM data all were positive, JPMorgan said in a midday note on Wednesday. The Fed is reflecting the data with members making hawkish comments, which points to an increase in optimism that the FOMC will raise rates in March rather than […]

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Man Group Posts 2016 Loss on Fee Decline, Writedowns

Man Group Posts 2016 Loss on Fee Decline, Writedowns

Man Group (EMG.L), a UK hedge fund manager, posted a pretax loss for 2016 after a profit in the previous year as “unforgiving” market conditions in the first nine months eroded performance fee revenue and the company took impairment charges at some of its funds. Statutory loss before tax was $272 million in 2016 compared with pretax profit of $184 million in 2015, the company said on Wednesday on its […]

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Energy Stocks Jumping Out to Big Gains in Market Surge

Energy Stocks Jumping Out to Big Gains in Market Surge

Energy stocks were sharply higher, with the NYSE Energy Sector Index climbing over 1.9% while shares of energy companies in the S&P 500 were up nearly 2.2% as a group. Crude oil for April delivery was down 10 cents at $53.91 per barrel while April natural gas futures were a penny higher at $2.79 per 1 million BTU. In company news, Kinder Morgan (KMI) was trending higher in mid-day trading […]

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McDonald’s Rises 1% Off Halt After Co Unveils Global Growth Plan

McDonald’s Rises 1% Off Halt After Co Unveils Global Growth Plan

Shares of McDonald’s (MCD), which were halted earlier, climbed more than 1% after CEO Steve Easterbrook and members of the senior management team detailed the company’s long-term global growth plan at an investor day event in downtown Chicago. The company said in a statement on Wednesday its growth plan focuses on enhancing digital capabilities and the use of technology to substantially elevate customer experience while redefining convenience through product delivery. […]

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European Equity Benchmarks Surge Higher

European Equity Benchmarks Surge Higher

The broad-based major European indices closed sharply higher in Wednesday’s trading session, as banks, automotive stocks, and construction materials suppliers helped the markets surge as high as 2%. In economic news, the inflation rate in Germany, as measured by the consumer price index, is expected to be 2.2% in February, according to the Federal Statistical Office (Destatis) 2017. It was the highest rate of inflation since August 2012. Destatis also […]

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Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer stocks were mostly higher Wednesday, with shares of consumer staples companies in the S&P 500 adding about 0.5% in value while shares of consumer discretionary firms in the S&P 500 were climbing 1.2%. In company news, XO Group Inc. (XOXO) was in a deep hole Wednesday despite the targeted content and marketing company late yesterday swinging to a Q4 profit, beating Wall Street expectations, as revenue grew compared with […]

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