(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, here ; for the Morning News Call newsletter, here ) U.S. stocks were higher on Wednesday. The Dow Jones Industrial Average was up 0.22 percent at 18,373.9, the S&P 500 was up 0.12 percent at 2,142.07 and the Nasdaq Composite was up 0.05 percent at 5,196.121.
** PFIZER INC, $32.8, +9.33 pct
** JOHNSON & JOHNSON, $119.5, +2.09 pct
** ALLERGAN PLC, $212.68, +8.62 pct
** MYLAN NV, $38.97, +5.01 pct
** AMGEN INC, $144.265, +4.20 pct
Biotech stocks soar after Trump’s presidential win led investors to conclude that the threat of tough action on drug pricing had receded.
** APPLE INC, $109.26, -1.62 pct
** FACEBOOK INC, $123.17, -0.85 pct
** AMAZON.COM INC, $771.45, -2.07 pct
** NETFLIX INC, $123.17, -0.94 pct
Shares of U.S. technology heavyweights slipped after Trump’s victory. Trump has vowed to prevent companies from making products overseas, to renegotiate trade accords and impose tariffs on imports from countries such as China.
** HARMONY GOLD MINING COMPANY LTD, $3.23, +2.87 pct
** COEUR MINING INC, $11.18, +1.36 pct
** ELDORADO GOLD CORP, $3.255, +3.66 pct
** FIRST MAJESTIC SILVER CORP, $9.18, +12.78 pct
Prices of precious metals jump after Trump prevailed over Democrat Hillary Clinton in the White House race.
** HEALTHSOUTH CORP, $38.32, -6.65 pct
** HCA HOLDINGS INC, $69.5, -14.07 pct
** AMEDISYS INC, $36.92, -7.93 pct
Mizuho analyst downgraded U.S. healthcare services companies to “neutral” from “buy” after Trump’s win.
** LOCKHEED MARTIN CORP, $252.64, +5.62 pct
** RAYTHEON CO, $146.33, +7.19 pct
Defence stocks rally as Trump’s presidential win firms up expectations of a ramp-up in regional defence spending.
** VIVINT SOLAR INC, $2.8, -12.50 pct
** SOLAREDGE TECHNOLOGIES INC, $14.254, -3.69 pct
** TERRAFORM POWER INC, $11.4999, -2.79 pct
** JINKOSOLAR HOLDING CO Ltd, $14.51, -5.78 pct
Solar company shares fall after Trump prevails over Democrat Hillary Clinton in race for the White House. Trump has said he favors removing oil-sector regulations and opening federal land to drilling, while pledging to support the coal industry.
** FORD MOTOR CO, $11.35, -1.13 pct
** GENERAL MOTORS CO, $31.085, -2.03 pct
** FIAT CHRYSLER AUTOMOBILES NV, $6.84, -3.53 pct
Stocks of big three U.S. carmakers down after Trump beats heavily favored Hillary Clinton to become U.S. President. Trump has criticized Ford’s Mexican investments for more than a year and vowed to pressure the automaker to reverse course if elected.
** SMITH & WESSON HOLDING CORP, $25.9375, -8.83 pct
** STURM RUGER & CO INC, $56.85, -11.72 pct
Shares of gun makers rise after Hillary Clinton loses presidential election to Trump. Investors hoped a Clinton win would drive firearm sales in the near term as she was a strong proponent of stricter gun control policies.
** CORRECTIONS CORP OF AMERICA, $19.3, +36.01 pct
** GEO GROUP INC, $28.46, +19.18 pct
Shares of prison operators jump after Trump’s victory. Prison stocks have been under siege since Aug. 18 when the U.S. Justice Department said it would phase out private prison use, a move that Hillary Clinton commended.
** VIACOM INC, $36.53, -2.20 pct
The owner of MTV, Comedy Central and Nickelodeon reported lower-than-expected quarterly revenue, weighed down by lower domestic advertising sales and the absence of hit movie releases at its Paramount film studio.
** IMPAX LABORATORIES INC, $15.05, -14.49 pct
The generic drugmaker reported lower-than-expected quarterly revenue and profit, hurt by decline in generics revenue.
** ARROWHEAD PHARMACEUTICALS INC, $4.64, -24.06 pct
The U.S. FDA imposed a clinical hold on a 12-patient mid-stage study testing its experimental hepatitis B drug, ARC-520, the gene-silencing therapy developer said late on Tuesday.
** COTY INC, $19, -13.20 pct
The beauty products maker reported lower-than-expected quarterly revenue due to a slump in demand across its businesses, including fragrances and color cosmetics.
** MYLAN NV, $38.97, +5.01 pct
The internal watchdog at the U.S. Department of Health and Human Services warned the office tasked with administering federal health insurance programs that Mylan’s EpiPen was improperly classified as a generic drug in 2009, Senator Charles Grassley said on Tuesday.
** TRIPADVISOR INC, $53.3016, -15.53 pct
The travel review website operator reported lower-than-expected quarterly revenue as the company earned less from referrals to third-party hotel websites.
** AT&T INC, $36.8, -0.51 pct
** TIME WARNER INC, $86.36, -1.72 pct
Shares of telecommunications giant AT&T and media company Time Warner fell amid fears that U.S. President-elect Donald Trump will hold good on his vow to block their proposed $85 billion merger.
** GOPRO INC, $10.25, -5.62 pct
The wearable camera maker said on Tuesday it would recall about 2,500 of its recently introduced Karma drones because they lost power during use. (Compiled by Sruthi Shankar in Bengaluru; Editing by Maju Samuel)