August 24, 2018 / 4:14 PM / in 4 months

BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Autodesk, Gap, HP, VMware

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The benchmark S&P 500 and the Nasdaq hit all-time highs on
Friday after Federal Reserve Chair Jerome Powell said the
central bank's current approach to interest rate hikes were the
best way to protect the U.S. economic recovery.
    At 11:27 a.m. ET, the Dow Jones Industrial Average
was up 0.47 percent at 25,777.6. The S&P 500 was up 0.50
percent at 2,871.28 and the Nasdaq Composite was up 0.75
percent at 7,937.422.
 
 The top three S&P 500 percentage gainers:
 ** Autodesk Inc, up 14.2 pct
 ** Advanced Micro Devices Inc, up 5.4 pct
 ** Netflix Inc, up 3.3 pct
 
 The top three S&P 500 percentage losers:
 ** Foot Locker Inc, down 12.1 pct
 ** Gap Inc, down 11.8 pct
 ** Macy's Inc, down 3.6 pct
 
 The top NYSE percentage gainers:
 ** Veeva Systems Inc, up 10.7 pct
 ** Just Energy Group Inc, up 10.4 pct
 
 The top three NYSE percentage losers:
 ** Grupo Supervielle SA, down 21.4 pct
 ** Foot Locker Inc, down 12.1 pct
 ** Gap Inc, down 11.8 pct
 
 The top three Nasdaq percentage gainers:
 ** Seven Stars Cloud Group Inc, up 27.9 pct
 ** Geron Corp, up 25.3 pct
 ** Splunk Inc, up 16.9 pct 
 
 The top three Nasdaq percentage losers:
 ** Hibbett Sports Inc, down 30.2 pct
 ** China Biologic Products Holdings Inc, down 15.5 pct
 ** Stein Mart Inc, down 13.4 pct
 
  ** Netflix Inc: up 3.4 pct
 BUZZ-Gains after SunTrust Robinson says 'buy'
 
 ** Autodesk Inc: up 14.2 pct
 BUZZ-Autodesk: Set to hit record high on robust Q2 report

    
 ** Gap Inc: down 11.8 pct
 BUZZ-Street View: Gap's flagship brand still showing no signs
of recovery
 Gap shares tumble as flagship brand shows no sign of recovery

 
 ** HP Inc: down 3.0 pct
 BUZZ-Falls on printer business margin weakness
 
 ** VMware Inc: down 2.1 pct
 BUZZ-Street View: VMware's cloud strategy has risks

 
 ** Veeva Systems Inc: up 10.7 pct
 BUZZ-Surges to record high as subscription growth accelerates

 
 ** Arista Networks Inc: up 9.3 pct
 BUZZ-Entering S&P 500 near-term positive - RBC
 
 ** Splunk Inc: up 16.9 pct
 BUZZ-Analysts raise PT on upside expectations after beat and
raise 
 
 ** Spectra Energy Partners LP: up 3.2 pct
 BUZZ-Up on Enbridge's higher buyout offer, with premium

 UPDATE 1-Enbridge to buy Spectra Energy for $3.3 bln

 
 ** China Biologic Products Holdings Inc: down 15.5 pct
 BUZZ-Down after rejecting buyout offer
 UPDATE 1-China Biologic rejects former CEO-led consortium's
offer
 
 ** Mammoth Energy Services Inc: down 12.1 pct
 BUZZ-Mammoth Energy shares down as Raymond James steps to
sidelines
 
 ** Cronos Group Inc: up 14.5 pct
 ** Tilray Inc: up 8.5 pct
 ** Canopy Growth Corp: up 8.1 pct
 BUZZ-Weed shares soar on report Diageo is eyeing a deal

 
 ** Cummins Inc: down 0.7 pct
 BUZZ-JP Morgan sees downside risk, cuts rating
 
 ** Philip Morris International Inc: down 3.2 pct
 ** Altria Group Inc: down 1.4 pct
 BUZZ-Jefferies cuts to 'hold' on market share worries

 
 ** Secureworks Corp: down 4.6 pct
 BUZZ-UBS downgrades, says profitable growth remains elusive

    
 ** Acacia Communications Inc: down 7.7 pct
 BUZZ-Down after BofA Merrill downgrade
 
 ** Hibbett Sports Inc: down 30.2 pct
 ** Foot Locker Inc: down 12.1 pct
 BUZZ-Sports retail stocks tumble after weak earnings reports

 BUZZ-Hibbett Sports tumbles on surprise quarterly loss,
forecast cut
 
 ** Synlogic Inc: up 5.9 pct
 BUZZ-Jumps after Citi says 'buy'
 
 ** Ichor Holdings Ltd: up 11.1 pct
 BUZZ-Gains ahead of inclusion in S&P SmallCap 600
 
 ** Clearwater Paper Corp: down 6.3 pct
 BUZZ-Dips on RBC rating cut
 
 The 11 major S&P 500 sectors:
 Consumer Discretionary             up 0.64 pct
 Consumer Staples                   down 0.04 pct
 Energy                             up 1.09 pct
 Financial                          up 0.28 pct
 Health                             up 0.30 pct
 Industrial                         up 0.39 pct
 Information Technology             up 0.98 pct
 Materials                          up 1.21 pct
 Real Estate                        up 0.37 pct
 Teleservices                       up 0.73 pct
 Utilities                          up 0.15 pct
 
 (Compiled by Bharath Manjesh in Bengaluru; Edited by Maju
Samuel)
  
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