US Nasdaq financial markets newsletter

USA

BSS NEWS BITES ALERTS ISSUED FOR NASDAQ MARKET ON TUESDAY 24 JULY 2018

NEWS BITES - NORTH AMERICA

Total NASDAQ Market up 12.1 points or 0.24% to 5,082.85

BSS News Bites issued 322 Alerts on notable trading amongst the 2,322 Stocks traded on the Total NASDAQ Market today, of which 191 (59%) were Bullish.

Among the sectors, Telecom gained 0.47 percent, Computer added 0.38 percent, while Banks slipped 0.74 percent.

Of all the Alerts, the following were the most prominent in today's trading:

HEAVYWEIGHT MARKET LEADERS

+ Alphabet Class C, NASDAQ's largest internet company by market capitalisation, has lifted 3.5% to trade at $US1,248.08 vs. the NASDAQ-100 Index which strengthened 34.5 points (or 0.5%) to 7,406.2. Representing a weighting of about 5.1% of the index, the stock accounted for 38.0% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 1.6 times average at the end of the day. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price increase of 3.1%.

SECTOR BULLS

+ United Fire & Casualty, NASDAQ's 9th largest insurance company by market capitalisation, has lifted 4.0% to trade at $US59.15 vs. the Insurance sector which strengthened 6.2 points (or 0.2%) to 3,231.8. Representing a weighting of about 1.9% of the sector, the stock accounted for 39.7% of today's gain. The shares have outperformed 92% of the market in the past week. Trading volume was 1.3 times average at the end of the day. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price increase of 3.5%.

+ Consolidated Communications, NASDAQ's 2nd largest telephone communications company by market capitalisation, has lifted 3.6% to trade at $US12.92 vs. the Telephone communications sector which strengthened 17.3 points (or 1.1%) to 1,597.0. Representing a weighting of about 35.0% of the sector, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price increase of 3.1%.

+ Apple, NASDAQ's largest computer integrated systems company by market capitalisation, has increased 0.7% to trade at $US193.0 vs. the Computer integrated systems sector which strengthened 99.2 points (or 0.7%) to 14,111.3. Representing a weighting of about 99.6% of the sector, the stock accounted for the gain. Trading volume was 62% of average at the end of the day. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price increase of 0.3%.

SECTOR BEARS

+ Hain Celestial, NASDAQ's 2nd largest food company by market capitalisation, has dropped 3.0% to trade at $US27.76 vs. the Food sector which weakened 66.6 points (or 1.3%) to 5,215.1. Representing a weighting of about 12.0% of the sector, the stock accounted for 28.3% of today's loss. The shares have underperformed 88% of the market in the past week. Trading volume was 88% of average at the end of the day. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price change of -3.4%.

+ Texas Roadhouse, NASDAQ's 3rd largest restaurants company by market capitalisation, has dropped 2.8% to trade at $US67.90 vs. the Restaurants sector which weakened 59.6 points (or 0.8%) to 7,772.0. Representing a weighting of about 4.4% of the sector, the stock accounted for 16.1% of today's loss. Trading volume was 1.2 times average at the end of the day. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price change of -3.3%.

+ Clovis Oncology, NASDAQ's largest pharmaceuticals company by market capitalisation, has sunk 4.1% to trade at $US45.06 vs. the Pharmaceuticals sector which weakened 137.6 points (or 2.1%) to 6,468.2. Representing a weighting of about 20.9% of the sector, the stock accounted for 41.5% of today's loss. The shares have underperformed 84% of the market in the past six months. Trading volume was 39% of average at the end of the day. Compared with the NASDAQ-100 Index which rose 34.5 points (or 0.5%) in the day, this represented a relative price change of -4.6%.

BSS News Bites alerted Unusual Rises in 15 Stocks through the day, of which the most prominent were:

HeadlineO/all Price Change52-Wk High
Innovate Biopharmaceuticals jumped 8.1% on robust volume 24 July 2018 10:56 EDT in the morning, closing 15.28% higher at US$6.64US$1.31 [24.58%]-
Amedica soared 11.6% on firm volume 24 July 2018 10:56 EDT in the morning, closing unchanged at 48.0c5.0c [11.63%]US$6.96
Alphabet Class A climbed 4.7% on strong volume 24 July 2018 10:56 EDT in the morning, closing -0.75% lower at US$1,258.15US$47.15 [3.89%]US$1,275.0
Biogen Idec climbed 4.9% on strong volume 24 July 2018 10:56 EDT in the morning, closing -0.77% lower at US$372.84US$14.71 [4.11%]US$383.0
Booking Holdings lifted 2.6% on firm volume 24 July 2018 10:56 EDT in the morning, closing -1.09% lower at US$2,026.25US$30.28 [1.52%]US$2,228.99

BSS News Bites alerted Unusual Falls in 10 Stocks through the day, of which the most prominent were:

HeadlineO/all Price Change52-Wk Low
Medidata Solutions tumbled 7.6% on extraordinary volume 24 July 2018 10:56 EDT in the morning, closing -7.32% lower at US$75.57-1,271.0 [-14.4%]US$59.60
Bluebird Bio dropped 3.5% on high volume 24 July 2018 10:56 EDT in the morning, closing -4.33% lower at US$163.65-1,360.0 [-7.67%]US$85.65
Werner Enterprises tumbled 6.7% on extraordinary volume 24 July 2018 10:56 EDT in the morning, closing -3.47% lower at US$36.15-400.0 [-9.96%]-
Staffing 360 Solutions tumbled 8.7% 24 July 2018 10:56 EDT in the morning, closing -3.19% lower at US$2.43-32.0 [-11.64%]US$1.14
Old Dominion Freight Line dropped 3.0% on robust volume 24 July 2018 10:56 EDT in the morning, closing -2.7% lower at US$142.52-849.0 [-5.62%]US$93.12

BSS News Bites alerted 52-week Highs in 23 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk High
Facebook hits 52-week high tenth time in one month 24 July 2018 10:56 EDT this morning, sinking sharply to close at US$214.67US$214.67US$3.76 [1.78%]US$216.20
Adobe Systems hits 52-week high third time in one month 24 July 2018 10:56 EDT this morning, sinking sharply to close at US$257.49US$257.49-198.0 [-0.76%]US$262.73
Costco Wholesale hits 52-week high tenth time in one month 24 July 2018 10:56 EDT this morning, sinking sharply to close at US$218.58US$218.58-26.0 [-0.12%]US$220.68
Myriad Genetics hits 52-week high second time in one month 24 July 2018 10:56 EDT this morning, sinking sharply to close at US$43.85US$43.859.0c [0.21%]US$44.40
Cabot Microelectronics hits 52-week high second time in one month 24 July 2018 10:56 EDT this morning, sinking sharply to close at US$118.0US$118.0-57.0 [-0.48%]US$121.0

BSS News Bites alerted 52-week Lows in 10 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price Change52-Wk Low
Bassett Furniture Industries hits 52-week low sixth time in one month 24 July 2018 10:56 EDTUS$25.15-65.0 [-2.52%]US$40.76
Agenus hits 52-week low fifth time in one month 24 July 2018 10:56 EDT this morning, closing higher at US$1.94US$1.94-12.0 [-5.83%]US$6.19
Blueknight Energy Partners hits 52-week low eleventh time in one month 24 July 2018 10:56 EDT this morning, closing higher at US$2.98US$2.9817.50c [6.25%]US$5.91
Pixelworks hits 52-week low sixth time in one month 24 July 2018 10:56 EDT this morning, closing higher at US$3.30US$3.30-9.0 [-2.65%]US$7.05
Superconductor Technologies hits 52-week low second time in one month 24 July 2018 10:56 EDT this morning, closing higher at US$7.15US$7.15-225.0 [-23.94%]US$14.90

BSS News Bites alerted Consecutive Rises in 38 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Riot Blockchain up 22.5% in 2 days 24 July 2018 10:56 EDT, it closed at US$8.40US$8.40US$1.81 [27.47%]6
Marathon Patent up 33.0% in 2 days 24 July 2018 10:56 EDT, it closed at US$1.42US$1.4224.0c [20.34%]4.2
Liberty Tax up 23.1% in 2 days 24 July 2018 10:56 EDT, it closed at US$10.60US$10.60US$2.17 [25.82%]6
Novus Therapeutics up 10.9% in 2 days 24 July 2018 13:19 EDT, it closed at US$7.43US$7.4378.0c [11.73%]0.9
Veracyte up 9.2% in 2 days 24 July 2018 10:56 EDT, it closed at US$11.10US$11.1074.0c [7.14%]8.5

BSS News Bites alerted Consecutive Falls in 36 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
MGE Energy keeps sliding: down 2.6% in 3 days 24 July 2018 10:56 EDT, it closed at US$62.95US$62.95-20.0 [-0.32%]0.5
Core-Mark Holding down 2.3% in 2 days 24 July 2018 10:56 EDT, it closed at US$23.90US$23.90-30.0 [-1.24%]0.7
Independent Bank Group down 2.5% in 2 days 24 July 2018 10:56 EDT, it closed at US$68.25US$68.25-75.0 [-1.09%]2.4
Mondelez International down 2.0% in 2 days 24 July 2018 10:56 EDT, it closed at US$41.52US$41.52-16.0 [-0.38%]1
AtriCure down 2.1% in 2 days 24 July 2018 10:56 EDT, it closed at US$28.49US$28.49-99.0 [-3.36%]0.7

BSS News Bites alerted Significant uptrend in 18 Stocks through the morning, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Wheeler Real Estate Investment Trust continued its significant uptrend; increased 1.7% 24 July 2018 10:56 EDT this morning and closed higher at US$4.95US$4.9525.0c [5.32%]0.7
MISONIX continued its significant uptrend; lifted 3.0% 24 July 2018 10:56 EDT this morning and closed higher at US$15.90US$15.9070.0c [4.61%]5.6
American Railcar Industries continued its significant uptrend; increased 0.9% 24 July 2018 10:56 EDT this morning but closed lower at US$45.82US$45.8226.0c [0.57%]1.1
Kindred Biosciences continued its significant uptrend; increased 1.9% 24 July 2018 10:56 EDT this morning but closed lower at US$13.15US$13.1520.0c [1.54%]1.6
XOMA continued its significant uptrend; increased 1.5% 24 July 2018 10:56 EDT this morning but closed lower at US$24.53US$24.5325.0c [1.03%]0

BSS News Bites alerted Significant downtrend in 18 Stocks in the afternoon, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Vertex Energy continued its significant downtrend; sank 4.2% 24 July 2018 10:56 EDT this morning but closed higher at 96.0c96.0c1.0c [1.05%]0.4
PolarityTE continued its significant downtrend; decreased 1.1% 24 July 2018 10:56 EDT this morning but closed higher at US$18.65US$18.6572.0c [4.02%]2.7
Biostar Pharmaceuticals continued its significant downtrend; dropped 2.4% 24 July 2018 10:56 EDT this morning but closed higher at US$2.09US$2.09-3.0 [-1.42%]0.1
Gevo continued its significant downtrend; dropped 2.7% 24 July 2018 10:56 EDTUS$3.95-11.0 [-2.71%]0.8
IntelliPharmaCeutics International continued its significant downtrend; sank 5.7% 24 July 2018 10:56 EDT33.0c-2.0 [-5.71%]0.6

BSS News Bites alerted that 25 Stocks outperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Firsthand Technology Value Fund increased 1.8% - outperforming 90% of stocks 24 July 2018 10:56 EDT, it closed at US$14.50US$14.50-2.0 [-0.14%]1.9
ShiftPixy lifted 3.5% - outperforming 96% of stocks 24 July 2018 10:56 EDT, it closed at US$3.42US$3.422.0c [0.59%]2
Blucora lifted 2.8% - outperforming 92% of stocks 24 July 2018 10:56 EDT, it closed at US$36.90US$36.90-25.0 [-0.67%]1
NVIDIA increased 1.6% - outperforming 81% of stocks 24 July 2018 10:56 EDT, it closed at US$248.71US$248.71-70.0 [-0.28%]0.6
Geospace Technologies lifted 2.3% - outperforming 81% of stocks 24 July 2018 10:56 EDT, it closed at US$14.35US$14.35-13.0 [-0.9%]0.5

BSS News Bites alerted that 21 Stocks underperformed on Relative Strength through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Biocept tumbled 6.1% - underperforming 92% of stocks 24 July 2018 10:56 EDT, it closed at US$6.13US$6.13-12.0 [-1.92%]1.7
Zynerba Pharmaceuticals decreased 1.4% - underperforming 100% of stocks 24 July 2018 10:56 EDT, it closed at US$7.80US$7.80-19.0 [-2.38%]1.2
American Woodmark decreased 1.4% - underperforming 88% of stocks 24 July 2018 10:56 EDT, it closed at US$83.25US$83.25-320.0 [-3.7%]1
Noodles & Co sank 5.4% - underperforming 93% of stocks 24 July 2018 10:56 EDT, it closed at US$11.55US$11.55-45.0 [-3.75%]3.7
Malibu Boats decreased 1.5% - underperforming 96% of stocks 24 July 2018 10:56 EDT, it closed at US$39.04US$39.04-68.0 [-1.71%]0.5