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1. VMware to acquire Carbon Black, Pivotal Software00:19[−]

VMware Inc. announced two blockbuster acquisitions of public companies Thursday afternoon, one of which was expected. VMware will acquire corporate sibling Pivotal Software Inc. , as expected after filings last week involving both companies' corporate parent, Dell Technologies Inc. The acquisition of security-software firm Carbon Black Inc. , though, was a surprise. Carbon Black went public last year at $19 a share for a valuation of more than $1 billion, and VMware has agreed to pay $26 a share for the company, which VMware said gives Carbon Black an enterprise value of $2.1 billion. VMware said it would pay a blended price of $11.71 a share for Pivotal, paying $15 a share in cash to regular shareholders and swapping VMware shares to Dell for Dell's shares of Pivotal at an exchange rate of 0.055 shares of VMware for each share of Pivotal. The enterprise value of Pivotal is $2.7 billion in that agreement, VMware said. VMware stock fell about 4% after the news was announced, which came in conjunction with second-quarter earnings. Pivotal stock gained more than 7% after closing at $13.70, and Carbon Black shares moved a bit higher after gaining 7.7% in the regular session to $24.50.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


2. Dillard's OKs 50% dividend increaseЧт., 22 авг.[−]

Dillard's Inc. said late Thursday its board of directors declared a cash dividend of 15 cents a share, a 50% increase over the most recent dividend of 10 cents a share. The dividend is payable on Nov. 4 to shareholders of record as of Sept. 30. Shares of Dillard's were flat in the extended session after ending the regular trading day down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


3. TurboTax parent Intuit stock gains 5% after Q4 resultsЧт., 22 авг.[−]

Shares of Intuit Inc. rose more than 5% in the extended session Thursday after the business software company reported a narrower-than-expected fiscal fourth quarter loss and sales beat expectations. Intuit said it lost $153 million, or 17 cents a share, in the quarter, compared with a loss of $200 million, or 15 cents a share, in the year-ago period. Adjusted for one-time items, Intuit lost 9 cents a share, compared with 1 cent a share a year ago. Sales rose 15% to $994 million. Analysts polled by FactSet had expected Intuit to report a fiscal fourth-quarter adjusted loss of 15 cents on sales of $961 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


4. Hasbro to buy 'Peppa Pig' and 'PJ Masks' corporate owner in $4 billion dealЧт., 22 авг.[−]

Hasbro Inc. plans to purchase an entertainment company that holds the rights to children's entertainment properties "Peppa Pig" and "Pj Masks" in a deal that values the company at roughly $4 billion. Hasbro said Thursday afternoon it has agreed to acquire Entertainment One Ltd. for 5.6 pounds a share, which equates to roughly $4 billion. Beyond owning children's TV programming that could help Hasbro, the move also gives Hasbro access to the film and TV enterprises and distribution that Canada-based eOne offers, executives said in the announcement. "The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro's portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling, which will now include Hasbro's IP," Hasbro Chief Executive Brian Goldner said. "In addition, Hasbro will leverage eOne's immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally and realize full franchise economics across our blueprint strategy for shareholders." Hasbro said that the eOne acquisition would be accretive to earnings in the year after the deal closes, which Hasbro expects will happen in the fourth quarter. Hasbro expects to finance the deal with $1 billion to $1.25 billion in cash from equity financing and cover the rest with debt financing from bank of America. It will suspend its stock repurchases as it completes the deal, but maintain its dividend payments, according to the announcement. Hasbro shares were unaffected in immediate late trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


5. Gap stock falls after company's Q2 same-store sales fallЧт., 22 авг.[−]

Shares of Gap Inc. fell 7% in the extended session Thursday after the retailer reported adjusted profit above expectations but same-store sales disappointed. Gap said it earned $168 million, or 44 cents a share, in the quarter, compared with $297 million, or 76 cents a share, in the year-ago quarter. Adjusted for one-time items, Gap said it earned 63 cents a share. Sales fell to $4 billion, from $4.09 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 53 cents a share on sales of $4.02 billion. Same-store sales were down 4% in the quarter, compared with a 2% increase a year ago. Gap also updated its EPS guidance for the year, saying it expects adjusted profit to range between $2.05 a share and $2.15 a share. The analysts surveyed by FactSet expect adjusted EPS of $2.06 for the year. "We are operating in a challenging environment, but I remain confident in the strength of our brands and our plans for the future as we work to launch two independent, public companies," Chief Executive Art Peck said in a statement. Gap continues to expect to close about 30 company-operated stores in the year. The stock ended the regular trading session up 4.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


6. HP Inc. announces new CEO, shares fall 5%Чт., 22 авг.[−]

HP Inc. shares fell 5% in the extended session Thursday after the PC and printer maker announced a new CEO and third-quarter results. Enrique Lores, who serves as president of HP's $20 billion Imaging, Printing and Solutions business, will succeed Dion Weisler as CEO, effective Nov. 1. Weisler is leaving because of a family health matter, HP said. The Palo Alto, Calif.-based company rang up earnings of 58 cents a share. Revenue was flat at $14.6 billion. Analysts surveyed by FactSet had estimated net income of 55 cents a share on revenue of $14.62 billion. HP shares are down 7.6% this year. The S&P 500 index has gained 16.6% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


7. Boeing helps Dow to post gain as stocks struggle for directionЧт., 22 авг.[−]

U.S. stocks struggled for direction on Thursday as Boeing's rally pulled the Dow back into positive territory. Investors stayed focused on the Federal Reserve's annual symposium in Jackson Hole, Wyo., where investors are hoping Fed Chairman Jerome Powell on Friday will confirm expectations for a September rate cut. The S&P 500 was down less than 0.1% to finish near 2,923. The Dow Jones Industrial Average advanced 51 points, or 0.2%, to end around 26,254, based on preliminary numbers The Nasdaq Composite fell 0.4% to close near 7,991. Shares for Boeing climbed after an analyst said Federal Aviation Administration certification for its grounded 737 MAX plane could be a few weeks away. At the same time, investors were rattled after the IHS Markit purchasing manager's index for the U.S. manufacturing sector signaled a mild contraction in activity. Adding to the jitters, Kansas City Fed President Esther George and Philadelphia Fed President Patrick Harker both said there wasn't a strong case for further easing of monetary policy.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


8. Trump to press Macron over France's digital services tax at G7, official saysЧт., 22 авг.[−]

President Donald Trump will raise the issue of France's tax on U.S. tech giants including Amazon and Google when he meets French President Emmanuel Macron during a G7 meeting this weekend, a senior administration official said Thursday. In July, the French Senate approved a 3% tax that will apply to revenue from digital services earned in France by companies with revenue above certain thresholds. Trump has previously threatened what he called "substantial reciprocal action" for the tax, and suggested the U.S. could slap tariffs on French wine. The G7 meetings will be held in Biarritz, France Saturday through Monday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


9. Altria boosts dividend, to an implied yield of over 7%Чт., 22 авг.[−]

Altria Group Inc. said Thursday it will raise its quarterly dividend by 5%, to 84 cents a share from 80 cents. The cigarette and smokeless tobacco products seller said the new dividend will be payable Oct. 10 to shareholders of record on Sept. 16. The stock was up 0.2% in afternoon trading. Based on current stock prices, the new annual dividend rate would imply a dividend yield of 7.25%, compared with yield on the SPDR Consumer Staples Select Sector ETF of 2.64% and the implied yield on the S&P 500 of 2.00%. Altria's current dividend yield is 6.89%. Altria said it has now reached the 50-year dividend increase milestone, as the latest increase marks the 54th time it has raised its dividend over the past half century. The stock has lost 22% over the past year, while the consumer staples ETF has has climbed 11.6% and the S&P 500 has gained 2.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


10. Gold futures finish at their lowest in nearly 2 weeksЧт., 22 авг.[−]

Gold futures settled with a loss on Thursday, at their lowest in almost two weeks, as strength in U.S. Treasury bond yields dulled the metal's appeal as a safe haven. Uncertainty over the path for U.S. interest rates also pressured prices, as two top Federal Reserve officials on Thursday indicated that they would not support further interest-rate cuts. December gold fell $7.20, or 0.5%, to settle at $1,508.50 on Comex. That was the lowest most-active contract settlement since Aug. 9, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


11. Overstock's stock soars after controversial founder and CEO Patrick Byrne resigns, effective immediatelyЧт., 22 авг.[−]

Shares of Overstock.com Inc. soared 15% in midday trading Thursday, after controversial Founder and Chief Executive Patrick Byrne resigned from discount e-commerce site Thursday, effectively immediately, saying he was "far to controversial" to serve as CEO. The resignation comes after Byrne said last week that he had assisted in the Clinton and Russian investigations, and was actually the notorious missing "Chapter 1" of the Russian investigation. He also said he was romantically involved with jailed Russian agent Maria Butina. In a letter to shareholders Thursday, Byrne said he was concerned that his going public about "certain government matters" may affect and complicate strategic discussions regarding the retail business. "Thus, while I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday August 22," Byrne wrote. The company named board member Jonathan Johnson as interim CEO. Byrne had launched Overstock.com in late 1999. The stock has run up 64.6% year to date, while the Amplify Online Retail ETF has climbed 23.5% and the S&P 500 has gained 16.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


12. Plus-size retailer Avenue to close all storesЧт., 22 авг.[−]

Plus-size women's retailer Avenue said Thursday that it will close all of its retail locations after filing for chapter 11 bankruptcy on August 16. Store closing sales, with markdowns of 40% to 60%, have begun. Discounts do not apply to the company's e-commerce site. Avenue began as Sizes Unlimited in 1983 and carries items sized 14 to 32. The SPDR S&P Retail ETF has sunk nearly 24% over the past year while the S&P 500 index has gained almost 2% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


13. Nasdaq's swings sharply lower after early rally stops just shy of the 50-day moving averageЧт., 22 авг.[−]

The Nasdaq Composite's sharp swing lower Thursday came as it rose just shy of the widely followed 50-day moving average (DMA), which many chart watchers use as a guide to the short-term trend. The Nasdaq was up as much as 0.4% at an intraday high of 8,048.58 within 15 minutes after the open, while the 50-DMA line extended to 8,051.62 according to FactSet, but the index was last down 1.0%. The last time the Nasdaq was above the 50-DMA intraday was Aug. 13, but it pulled back to close below the line. The last close above it was Aug. 8. In comparison, the S&P 500's intraday high 2,939.08 was below the 50-DMA of 2,947.51 and the Dow Jones Industrial Average's high of 26,388.78 was well below the 50-DMA of 26,615.13. The S&P 500 was last down 0.5% and the Dow was down 66 points, or 0.3%. Meanwhile, all three indexes remain above their respective 200-day moving averages (DMA), which is viewed as a dividing line between longer-term uptrends and downtrends. The Nasdaq's 200-DMA extends to 7,590.06, while the S&P 500's extends to 2,801.93 and the Dow's is now at 25,615.83.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


14. Dow wipes out 187-point gain to turn negative in Thursday morning action amid hawkish Fed speakers, weak dataЧт., 22 авг.[−]

U.S. stocks stumbled to session lows late-morning Thursday, relinquishing earlier gains on the day amid a pair of central bank speakers at a closely watched symposium in Jackson Hole, Wyo., and weak manufacturing data. The Dow Jones Industrial Average was 85 points, or 0.3%, lower at 26,120, after the blue-chip index had gained by as many as 187 points at the session peak. The S&P 500 index declined 0.6% at 2,907 and the Nasdaq Composite Index retreated 0.9%, suffering the most severe reversal of the major indexes, to reach 7,948. A fresh inversion of the so-called yield curve, where the spread between the 2-year Treasury note rise above the 10-year Treasury note , a condition that has preceded the past seven economic recessions, also rattled investor sentiment. Kansas City Fed President Esther George indicated Thursday in an interview on CNBC that she would not support further interest-rate cuts and Philadelphia Fed President Patrick Harker said he reluctantly supported the July rate cut but now wants to keep rates steady. On the economic front, IHS Markit’s most recent purchasing manager's index reading for the U.S. manufacturing services sectors, released Thursday, showed manufacturing slipping into contraction territory with a reading of 49.9 in August, from 50.4 in July and the services sector slowing to 50.9 in August from 53.0 in July, a 3-month low.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


15. Natural-gas prices edge up after the EIA reports a slightly smaller-than-expected rise in U.S. supplyЧт., 22 авг.[−]

The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 59 billion cubic feet for the week ended Aug. 16. The average forecast of analysts polled by S&P Global Platts had called for an increase of 61 billion cubic feet. Total stocks now stand at 2.797 trillion cubic feet, up 369 billion cubic feet from a year ago, but 103 billion below the five-year average, the government said. September natural gas traded at $2.181 per million British thermal units, up 1.1 cents, or 0.5%, from Wednesday's settlement. It was trading at $2.168 before the data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


16. 1-800-Flowers stock sinks 11% after quarterly lossЧт., 22 авг.[−]

Shares of 1-800-Flowers.com Inc. sank 11.6% in Thursday trading after the retailer reported a fiscal fourth-quarter loss. The company had a net loss of $8.3 million, or 13 cents per share, after a loss of $8.2 million, or 13 cents per share, the previous year. Revenue of $259.4 million was up from $229.9 last year. The FactSet consensus was for a 14-cent loss and sales of $259.0 million. For fiscal 2020, 1-800-Flowers is forecasting revenue growth of 8% to 9%. The FactSet guidance is for revenue of $1.32 billion, which implies about 5.7% growth from the previous year. 1-800-Flowers stock is up 40% for the year to date while the S&P 500 index is up 16.5% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


17. U.S. leading economic indicators climb 0.5% in JulyЧт., 22 авг.[−]

WASHINGTON (MarketWatch) - The leading economic index rose 0.5% in July after two straight declines, but all signs still point to moderate growth in the second half of 2019, the Conference Board said Thursday. "While the LEI suggests the US economy will continue to expand in the second half of 2019, it is likely to do so at a moderate pace," said Ataman Ozyildirim, director of economic research at the privately run board. Stronger building permits, lower jobless claims and higher stock prices in July spurred the increase in the leading index.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


18. TOP Ships stock drops, after 6th reverse split in past 2 yearsЧт., 22 авг.[−]

TOP Ships Inc. shares fell 5.3% to $6.59, but this was after the price was adjusted following another reverse stock split. The Greece-based ship-owning company effected a one-for-20 reverse stock split Tuesday, which in effect lifted the stock's Wednesday closing price to $6.96 from about 35 cents. The reverse split follows a 1-for-10 split in March 2018 and four reverse splits in 2017 that increased the stock price by a multiple of 18,000 that year, according to data provided by FactSet. In total, there have been 10 reverse splits since March 2008 that have increased the stock price by a multiple of 7.56 billion. After adjusting for the splits, the price of the stock's record close on Nov. 26, 2004 has increased to $173,502,005,200. The stock has lost 65% over the past 12 months, while the S&P 500 has gained 2.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


19. Boeing's stock powers up to pace Dow gainers, adds about 62 points to Dow's rallyЧт., 22 авг.[−]

Shares of Boeing Co. powered up 2.7% in morning trading, to pace the Dow Jones Industrial Average's gainers, after an upbeat note from Cowen analyst Cai von Rumohr, who said the Federal Aviation Administration certification flight for the 737 Max plane could be 4-to-6 weeks off. The stock's price gain of $9.14 was adding about 62 points to the Dow, which was up 138 points. The certification flight, which comes after the 737 Max was grounded earlier this year after two crashes, would be "a key milestone for the stock," von Rumohr wrote. He said the fact that Boeing hasn't pushed out its "early Q4" recertification target, despite saying it could possibly shut production if the grounding drags into 2020 and after stressing uncertainty over the regulatory process, suggests "no news is good news." Von Rumohr said Boeing is his top pick in the aerospace and defense sector. Boeing's stock has now run up 9.0% in the six sessions since it closed at a 7 1/2-month low on Aug. 14. It has gained 8.3% year to date, while the Dow has advanced 12.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


20. Treasury yields come off intraday highs after disappointing factory PMIЧт., 22 авг.[−]

Treasury yields pulled back from their intraday highs on Thursday after the Markit manufacturing purchasing managers index fell to 49.9 in August. Any reading below 50 reflects a slowdown in economic activity. The 10-year Treasury note yield was flat at 1.579%, after trading as high as 1.625% earlier. Analysts remain concerned that the slowdown in U.S. factories will spill over into the broader economy.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


21. Levi Strauss aims to halve water use in stressed areas by 2025Чт., 22 авг.[−]

Levi Strauss & Co. said Thursday that it is implementing a program that uses water science, expertise and its own experience to expand its water conservation efforts. The goal is to reduce water use in depleted areas by 2025. The company would also like to aid in the effort to bring clean water to communities. Levi Strauss stock has fallen 24.6% over the last three months while the S&P 500 index is up 2.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


22. All 11 sectors of the S&P 500 gain in early Thursday stock-market advanceЧт., 22 авг.[−]

All of the S&P 500's major sectors were trading in positive territory early Thursday as markets climbed as a key gathering of central bankers in Wyoming got under way. Gains for S&P 500's 11 sectors were led by 0.7% rise in the financials sector as yields on government debt gained some altitude off multiyear lows. Higher yields tend to be supportive of banking business models. The S&P 500 index overall was gaining 0.4% at 2,935. Meanwhile, the Dow Jones Industrial Average was up 140 points, or 0.5%, to 26,338, while the Nasdaq Composite Index advanced 0.2% to 8,037. The 10-year Treasury rate was up slightly higher at 1.58% from 1.577% late Wednesday. Central bankers and academics are gathering in Jackson Hole, Wyo., to discuss the health of the global economy, which will be headlined by a speech from Federal Reserve Chairman Jerome Powell on Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


23. Dow drifts more than 100 points higher at the open as Jackson Hole gathering gets under wayЧт., 22 авг.[−]

U.S. stocks climbed modestly higher on Thursday morning as investors watched an annual conference in Jackson Hole, Wyo., where central bank leaders will discuss global monetary policy and economic health. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,314, the S&P 500 index climbed 0.3% to 2,934, while the Nasdaq Composite Index picked 16 points to reach 8,037, a gain of 0.2%. The Jackson Hole gathering comes after the release of minutes from the Federal Reserve's July 30-31 policy gathering, which suggested that central bank policy makers wanted to be flexible in implementing policy. In other economic policy, the European Central Bank, meanwhile, hinted at a significant new stimulus package after the release of minutes from its July 25 meeting, which suggested that policy makers are contemplating a package that would includes cutting policy rates further into negative territory and new purchases of financial assets. In U.S. economic data, new applications for unemployment benefits fell by 12,000 to 209,000 during the week ended Aug 17, a four-week low, suggesting continued strength in the labor market.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


24. Etsy stock gains after Stifel upgradeЧт., 22 авг.[−]

Shares of Etsy Inc. are up 3% in Thursday morning trading after Stifel analyst Scott Devitt upgraded the stock to buy from hold following a drop of about 20% since the company reported results at the beginning of the month. "We think concerns are transitory and would take advantage of the pullback in this emerging leader in third-party e-commerce," he wrote. " While we had been surprised at the strength and speed of the turnaround, we have been fans of the strategy throughout and feel now is a good time to put the appropriate rating on the business for the extensive improvements that have been built into the model to deliver over the long term." Shares are still up 14% so far this year, as the S&P 500 has added 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


25. Tesla's stock jumps after report of investment interest by German automobile makersЧт., 22 авг.[−]

Shares of Tesla Inc. rallied 2.5% in premarket trading, after a report that some German automobile manufacturers are interested in buying a stake in the Silicon Valley electric-car maker. A report in Germany's Manager Magazin said Volkswagen was interested, as were Daimler and BMW. The report comes after Walmart Inc. sued Tesla, alleging "gross negligence" as the retailer claimed roof fires at several stores were caused by Tesla solar panels. Tesla's stock has lost 33.6% in 2019, while the S&P 500 has gained $16.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


26. Toro beats profit expectations and gives upbeat outlook, but sales come up shortЧт., 22 авг.[−]

Toro Co. reported a fiscal third-quarter profit that beat expectations but revenue that came up short, while providing an upbeat outlook for margins and earnings. Shares of the landscape maintenance and irrigation management company were still inactive in the premarket. Toro reported net income for the quarter to Aug. 2 that fell to $60.6 million, or 56 cents a share, from $79.0 million, or 73 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 83 cents, above the FactSet consensus of 73 cents. Sales, which includes results from the Charles Machine Works acquisition, rose 27.9% to $838.7 million, but missed the FactSet consensus of $876.3 million. Professional sales grew 40.3% to $676.8 million, below the FactSet consensus of $695.0 million, and residential sales fell 11.0% to $148.2 million to miss expectations of $165.6 million. Toro narrowed its 2019 adjusted EPS guidance range to $2.92 to $3.00 from $2.90 to $3.00, and said the gross margin improvement seen in the second half of the fiscal year is expected to continue in the months ahead, as commodity costs have started to moderate and strategic pricing realization has been achieved. The stock has run up 28.7% year to date, while the Dow Jones Industrial Average has gained 12.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


27. Slack stock gains after MKM initiates at buyЧт., 22 авг.[−]

Slack Inc. shares are up 3.2% in premarket trading Thursday after MKM Partners analyst Rohit Kulkarni initiated coverage of the stock with a buy rating and $40 target. "As more organizations digitize workflows, Slack's value proposition becomes even more compelling as a means to connect employees, applications, and data," Kulkarni wrote. While he said the company's valuation "isn't for the faint-hearted," he also pointed out that Slack's stock trades "at a discount on a growth-adjusted basis to SaaS stalwarts and up-and-comers such as Atlassian , Okta , Crowdstrike and Zoom ." He noted that Slack's stock won't be subject to the usual "downward pressure" that comes from post-IPO lockup expiration since the company opted for a direct listing. Slack shares have dropped 7.4% over the past month, as the S&P 500 has fallen 2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


28. Retrophin's stock plunges after late-stage trial for PKAN treatment fails to meet targetsЧт., 22 авг.[−]

Shares of Retrophin Inc. plunged 26% toward a 3 1/2-year low in premarket trading Thursday, after the biopharmaceutical company said a phase 3 trial of its treatment for pantothenate kinase-associated neurodegeneration failed to meet its primary and secondary endpoints. Pantothenate kinase-associated neurodegeneration (PKAN) is a rare, genetic and life-threatening neurological disorder. "We are very disappointed in the topline results from the FORT Study, particularly because we have seen the devastating impact of PKAN on patients and their families, and a significant unmet need remains with no approved treatment option," said Chief Executive Eric Dube. "We will work closely with the investigators to further analyze the results of the study and share them with the PKAN community to contribute to the growing knowledge of this rare disorder." The company said it remains focused on advancing its two phase 3 programs evaluation its treatment of focal segmental glomerulosclerosis (FSGS) and IgA nephropathy. The stock has lost 23.1% year to date through Wednesday, while the iShares Nasdaq Biotechnology ETF has gained 10.0% and the S&P 500 has advanced 16.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


29. Dick's Sporting Goods stock jumps 11% after earnings beatЧт., 22 авг.[−]

Dick's Sporting Goods Inc. stock jumped 11.6% in Thursday premarket trading after the athletic retailer reported earnings and sales that beat expectations. Net income was $112.5 million, or $1.26 per share, compared with $119.4 million, or $1.20 per share, for the same period last year. Sales totaled $2.26 billion, up from $2.18 billion last year. The FactSet consensus was for EPS of $1.21 and sales of $2.21 billion. Same-store sales rose 3.2%, which the company said was the strongest showing since 2016. FactSet guided for a 0.9% same-store sales increase. For the year, Dick's expects EPS of $3.30 to $3.45, which includes a tariff impact and a same-store sales increase in the low single-digits. FactSet is guiding for EPS of $3.32 and same-store sales growth of 1.2%. Dick's stock is down 12.4% for the past year while the S&P 500 index is up 2.2% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


30. ECB minutes show discussion of 'package' of moves, changes to guidanceЧт., 22 авг.[−]

Minutes of the July 25-ending European Central Bank meeting showed policymakers were receptive to a stimulus program that could include both interest-rate cuts and asset purchases. "The view was expressed that the various options should be seen as a package, i.e. a combination of instruments with significant complementarities and synergies, since experience had shown that a policy package - such as the combination of rate cuts and asset purchases - was more effective than a sequence of selective actions," the minutes read. Members also saw value in examining ways to further strengthen its forward guidance on the path of policy rates, announcing preparatory work on the design of a tiered system or other options to mitigate the effects of negative interest rates on banks and and preparatory work "on modalities for potential new net asset purchases."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



 
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