Hourly In Play (R)
Updated: 21-Mar-23 04:00 ET
|
|||
17:30 | PARA Paramount Global files mixed shelf securities offering (20.00 +0.30) | ||
17:25 | TTEC TTEC Holdings CFO Dustin Semach to leave, effective April 14; Francois Bourret appointed interim CFO (36.16 +0.75) | ||
17:04 | CDAY Ceridian HCM selected by Orica, a global mining provider with over 12,500 employees, to modernize its HR and payroll (68.31 -1.25) | ||
16:51 | AG First Majestic Silver temporarily suspending all mining activities and reducing workforce at Jerritt Canyon, effective immediately (7.44 +0.12) | ||
|
|||
16:46 | KRTX Karuna Therapeutics commences public offering of $400 mln of its common stock (182.50 -9.13) | ||
16:43 | SI Silvergate Capital receives non-compliance notice from NYSE regarding 10-K filing (1.65 -0.39) | ||
|
|||
16:42 | CTRE CareTrust REIT increases its quarterly dividend by 1.8% to $0.28/share (18.93 +0.29) | ||
16:34 | FMC FMC Corp plans to introduce a new long-range strategic growth plan at its investor day on November 16, 2023 (118.86 +2.79) | ||
16:33 | AFCG AFC Gamma appoints EVP Brandon Hetzel as CFO and Treasurer, effective immediately (12.11 +0.09) | ||
|
|||
16:32 | WRAPX Closing Stock Market Summary | ||
The stock market kicked off the new week with a reversal of the money flows that occurred last week. Banks showed nice resilience today following news over the weekend that the Swiss National Bank brokered a UBS (UBS 18.80, +0.60, +3.3%) acquisition of Credit Suisse (CS 0.94, -1.06, -53.0%) for a "takeunder" price of $3.2 billion. Additionally, the Federal Reserve announced a coordinated central bank action with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank to enhance the provision of U.S. dollar liquidity while offering assurances that "the capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient." Still, some angst around the banking industry persists, evidenced by the material decline seen today in shares of First Republic Bank (FRC 12.18, -10.85, -47.1%). The SPDR S&P Bank ETF (KBE), which was up 4.5% at its high this morning, closed with a slimmer 1.6% gain and the SPDR S&P Regional Bank ETF (KRE), which was up 4.9% at its best level of the day, had a 1.2% gain by the close. Shares of First Republic Bank continued to suffer sharp losses today after FRC's debt was downgraded at S&P to B+ from BB+. There was a short-lived recovery attempt in FRC when The Wall Street Journal reported that JPMorgan Chase's (JPM 127.14, +1.33, +1.1%) Jamie Dimon is leading talks with executives at other banks about a deal that could involve converting the previously announced $30 billion in deposits into a capital infusion. Ultimately, however, FRC closed near its worst levels of the day. Mega cap stocks, which enjoyed a leadership role last week, were relative underperformers today, which translated into some relative underperformance for the Nasdaq Composite and the information technology (+0.2%), communication services (+0.5%), and consumer discretionary (+0.4%) sectors. The Vanguard Mega Cap Growth ETF (MGK) was up a modest 0.2% versus the Invesco S&P 500 Equal Weight ETF (RSP), which rose 1.3%. The market-cap weighted S&P 500 advanced 0.9%, pushing above its 200-day moving average (3,935), which pivoted from resistance to support. The outperformance of small and mid cap stocks today was helped by some rebound action in the bank and energy stocks. The Russell 2000 rose 1.1% and the S&P Mid Cap 400 rose 1.7%. All 11 S&P 500 sectors closed with gains ranging from 0.2% (information technology) to 2.1% (energy). The 2-yr note yield rose 10 basis points today to 3.92% and the 10-yr note yield rose nine basis points to 3.48%, as market participants anxiously await the FOMC decision on March 22.
There was no U.S. economic data of note today. Looking ahead to Tuesday, market participants will receive the February Existing Home Sales (Briefing.com consensus 4.16 million; prior 4.00 million) at 10:00 a.m. ET. |
|||
16:32 | VNT Vontier announces new segment reporting structure to align with its strategy (25.68 +0.44) | ||
|
|||
16:30 | IAA Ritchie Bros. has completed its previously announced acquisition of IAA (39.87 -0.05) | ||
|
|||
16:26 | SO Southern subsidiary Georgia Power announces hot functional testing begun for Vogtle Unit 4 as part of the last series of major tests ahead of initial fuel load (68.55 +0.65) | ||
16:24 | HLIT Harmonic +8% higher after hours on CHTR news, see 16:07 comment (13.09 +0.70) | ||
16:14 | GRIN Grindrod Shipping Interim CEO and CFO Stephen Griffiths to retire, effective March 31; Edward Buttery appointed as CEO and Deborah Davel appointed CFO, effective April 1 (11.40 -0.59) | ||
16:11 | SRE Sempra Energy launches Port Arthur LNG project (147.54 +2.21) | ||
|
|||
16:11 | SLRC SLR Capital Partners issues letter to shareholders regarding Silicon Valley Bank and Signature Bank issues; believes these issues will not have a significant impact to its operations (14.46 +0.06) | ||
Shareholder Letter | |||
16:07 | HLIT Harmonic selected by Charter Communications (CHTR) as its strategic technology partner to deploy virtual CMTS tech for next-gen broadband services (13.09 +0.70) | ||
16:06 | GLDD Great Lakes Dredge & Dock announces receipt of several major dredging awards totaling $138.8 million (4.91 +0.09) | ||
|
|||
16:04 | NNDM Nano Dimension shareholders vote in support of all of Murchinson Ltd's previously announced proposals; CEO and Chairman Yoav Stern voted out (2.57 -0.03) | ||
|
|||
16:03 | AKYA Akoya Biosciences that CFO Joe Driscoll is retiring, effective March 20, 2023; Johnny Ek has been appointed as the company's new CFO, effective immediately (7.60 -0.44) | ||
|
|||