Midway through trading Monday, the Dow traded up 1.6% to 26,926.47 while the NASDAQ rose 0.36% to 10,950.95. The S&P also rose, gaining 1.23% to 3,310.31.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 9,208,870 cases with around 231,000 deaths. India confirmed a total of at least 8,229,310 confirmed cases and 122,600 deaths, while Brazil reported over 5,545,700 COVID-19 cases with 160,070 deaths. In total, there were at least 46,607,510 cases of COVID-19 worldwide with over 1,201,640 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Energy shares climbed 3.6% on Monday. Meanwhile, top gainers in the sector included Par Pacific Holdings, Inc. PARR, up 21%, and Transocean Ltd. RIG, up 11%.
In trading on Monday, information technology shares rose by just 0.2%.
Top Headline
The Estée Lauder Companies Inc. EL reported better-than-expected results for its first quarter, but issued weak forecast for the current quarter.
Estee Lauder reported quarterly earnings of $1.44 per share, beating analysts’ estimates of $0.90 per share. The company posted sales of $3.56 billion, surpassing expectations of $3.45 billion.
Estee Lauder said it expects Q2 EPS of $1.45-$1.60, versus analysts’ estimates of $1.72.
Equities Trading UP
Endurance International Group Holdings, Inc. EIGI shares shot up 61% to $9.38 after the company announced it would be acquired by Clearlake Capital for $9.50 per share. The company also reported upbeat Q3 results.
Shares of DBV Technologies S.A. DBVT got a boost, shooting 44% to $2.05 after the company reported filing and validation of marketing authorization application for Viaskin Peanut by the European Medicines Agency.
Superior Industries International, Inc. SUP shares were also up, gaining 43% to $1.7635 after the company reported upbeat Q3 results.
Equities Trading DOWN
MICT, Inc. MICT shares tumbled 37% to $1.9566 after the company reported a $25 million registered direct offering.
Shares of Liquidia Technologies, Inc. LQDA were down 28% to $3.3350 after the company reaffirmed the recommendation to approve the proposed acquisition of RareGen, saying that a recent unsolicited offer for a LIQ861 license agreement does not constitute a superior proposal.
Jounce Therapeutics, Inc. JNCE was down, falling 19% to $6.71 after the company announced it halted enrollment in its EMERGE Phase 2 trial.
Commodities
In commodity news, oil traded up 1.1% to $36.17, while gold traded up 0.7% to $1,893.70.
Silver traded up 1.4% Monday to $23.98 while copper rose 0.7% to $3.0690.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 rose 1.61%, the Spanish Ibex Index rose 2.07%, while Italy’s FTSE MIB Index climbed 2.55%. Meanwhile, the German DAX 30 climbed 2.01%, French CAC 40 rose 2.11% and London’s FTSE 100 rose 1.43%.
Germany's manufacturing activity improved marginally to 58.2 in October. UK’s Prime Minister Johnson announced a 1-month lockdown from November 5 as the country’s Covid-19 cases exceeded the 1-million mark.
Economics
The IHS Markit manufacturing PMI was revised higher to 53.4 in October versus a preliminary reading of 53.3.
The ISM manufacturing PMI rose to 59.3 in October from 55.4 in September.
US construction spending increased 0.3% for September.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.