Stocks that are expected to trade actively in the U.S. market on Tuesday include: CalAmp Corp. (NASDAQ:CAMP), Anworth Mortgage Asset Corporation (NYSE:ANH), Xyratex Ltd. (NASDAQ:XRTX), Liberator Medical Holdings, Inc. (NYSEMKT:LBMH) and Supernus Pharmaceuticals Inc (NASDAQ:SUPN).
US: Dow 16,294.61 (0.45%), S&P 500 1,827.99 (0.53%), NASDAQ 4,148.90 (1.08%)
Europe: FTSE 6,698.43 (0.30%), DAX 9,488.82 (0.94%), CAC 40 4,224.05 (0.21%)
Asia Pacific: NIKKEI 15,889.33 (0.12%), HANG SENG 23,179 (1.13%), SHANGHAI 2092.91 (0.15%), KOSPI 2,001.59 (0.24%)
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More
Commodities: Oil 98.79(-0.12%), NAT GAS 4.47 (0.11%), Gold 1200.30 (0.16%), Silver 19.39 (-0.21%), Wheat 609.25 (-0.04%), Corn 433.75 (-0.12%).
Currency: EUR/USD 1.3679 (-0.12%), GBP/USD 1.6343 (-0.06%), USD/JPY 104.22 (0.12%).
Market & Economic Update
U.S. markets surge – stocks on the US market surged on Monday with the Dow and S&P 500 hitting all-time highs after the distribution deal between Apple Inc. (NASDAQ:AAPL) and China Mobile was announced. The Dow Jones industrial average increased 73.47 points or 0.45%, to end at 16,294.61, a record high. The S&P 500 added 9.67 points or 0.53%, to finish at a record 1,827.99.
European market up slightly – Shares on the European Stock Exchange increased slightly continuing the trend over the past four sessions. At 0900 GMT, the FTSE 100 index added 0.4%, France’s CAC 40 surged 0.3%, and Spain’s IBEX added 0.5%. France’s CAC 40 is still around 32% less than its high, which it achieved before the financial crisis.
Asian markets up as well – On Tuesday, Japan’s Nikkei made modest after gains retreating from an early rally to close above 16,000 for the first time in six years as investors booked profits. At the close, Nikkei was up 0.1% at 15,889.33 marking its highest in six years. It made an intraday high of 16,029.65, which is its best level since December 2007. The Hang Seng Index gained 1.1% to 23,179.6 points.
Stocks To Watch
CalAmp Corp. (NASDAQ:CAMP)
CalAmp released a weak outlook for the fourth quarter, and shares declined 8.35% to $25.26 in after-hours trading. In the third quarter, profit for the company increased 1.3% fueled by top-line growth and outperforming an increase in the operating expenses.
Anworth Mortgage Asset Corporation (NYSE:ANH)
Anworth Mortgage Asset announced an additional 5 million share repurchase program. Stock of the company surged 0.97% to $4.18 in after-hours trading. The shares would be repurchased at the current prices through open market transactions. The board of directors announced a quarterly dividend of $0.08 per share payable on January 29th 2014.
Xyratex Ltd. (NASDAQ:XRTX)
Stock of Xyratex added 27.27% yesterday following the news that the company has agreed to acquire Seagate Technology Plc for around $374 million in cash. Shares dropped 0.15% to $13.28 in the after-hours trading session while Seagate shares increased 0.02% to $56.02.
Liberator Medical Holdings, Inc. (NYSEMKT:LBMH)
The company posted a solid full year’s earnings. Stock surged 11.53% to $4.45 in the after-hours trading session. Income from operations increased 173.0% to $11,759,000 from the corresponding quarter of 2012. Net income for fiscal 2013 came in at $7,078,000 or 0.14 per diluted share.
Supernus Pharmaceuticals Inc (NASDAQ:SUPN)
Supernus Pharmaceuticals said that FDA has approved its partner’s blood-pressure treatment. Stock of Supernus added 18.24% to $8.75 in after-hours trading. The company developed the formulation in collaboration with United Therapeutics.