Market News: Allied Motion, BlackBerry, Cyberark Software

0
Market News: Allied Motion, BlackBerry, Cyberark Software
market news

The stock markets in the United States closed higher as corporate deals overshadowed the poor performance of the equities of small cap and energy companies.

Sign Up For Our Free Newsletter

The Dow Jones Industrial Average (DJIA) rose to an all-time high while the S&P 500 increased nearly to its record level.

How Fund Managers And Investors Are Investing And Implementing ESG

investIt's no secret that ESG (environmental, social, governance) factors have become more important in investing. Fund managers are increasingly incorporating ESG factors into their portfolio allocations. However, those that don't are in danger of being left behind as investors increasingly avoid allocating with funds that don't incorporate ESG into their allocations. Q3 2021 hedge fund Read More

In a telephone interview with Bloomberg, Joe Bell, a senior equity strategist at Schaeffer’s Investment Research said, “We had a pretty big run-up within the month of November and late October and we’ve seen a slowing of the momentum recently. From the context of a price stand point, we’re due for a breather.”

Today, data showed that the number of people who filed for unemployment benefits for the week ended November 8 increased. The Department of Labor reported that 290,000 people filed for unemployment benefits, up by 12,000. The agency said that advance seasonally adjusted insured unemployment rate was 1.8% as of November 1.

[drizzle]

Peter Sorrentino, a fund manager at Huntington Asset Advisors commented, “The market is just churning right now, looking for an indication of which direction the future is going to take. There is no catalyst to get investors excited or to instill additional fear.”

U.S. Markets

  • Dow Jones Industrial Average (DJIA) – 17,652.79 (+0.23%)
  • S&P 500- 2,039.33 (+0.05%)
  • NASDAQ- 4,680.14 (+0.11%)
  • Russell 2000- 1,175.49 (-0.92%)

European Markets

  • EURO STOXX 50 Price EUR- 3,059.80 (+0.31%)
  • FTSE 100 Index- 6,635.45 (+0.37%)
  • Deutsche Borse AG German Stock Index DAX- 9,248.51 (+0.41%)

Asia-Pacific Markets

  • Nikkei 225- 17,392.79 (+1.14%)
  • Hong Kong Hang Seng Index- 24.019.94 (+0.34%)
  • Shanghai Shenzhen CSI 300 Index- 2,579.75 (-0.56%)

Stocks in Focus

Allied Motion Technologies, Inc. (NASDAQ:AMOT) gained more than 18% to $19.27 per share after reporting a 394% increase in earnings to $0.45 per share for the quarter ended September 30. Its revenue rose 162% to $65.28 million.

The shares of BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) rose more than 7% to $12.06 per share in New York. The Canadian smartphone manufacturer’ stock benefited from its announcement regarding its partnership with Samsung Electronics Co. Ltd. (LON:BC94) (KRX:005930). BlackBerry agreed to provide highly-secure mobility solution for Samsung’s Android devices.

Cyberark Software Ltd (NASDAQ:CYBR) surged more than 27% to $42.92 per share after reporting strong earnings for the third quarter. The company posted adjusted earnings of $0.20 per share. Analysts have a consensus estimate $0.01 in earnings per share.

The stock price of Liberty Media Corp (NASDAQ:LMCB) declined more than 20% to $38.50 per share today. Last week, the company completed the spin-off of Liberty Broadband Corporation into a separate publicly-traded company.

[/drizzle]

Updated on

Marie received her Bachelors Degree in Mass Communication from New Era University. She is a former news writer and program producer for Nation Broadcasting Corporation (NBC-DZAR 1026), a nationwide AM radio station. She was also involved in events management. Marie was also a former Young Ambassador of Goodwill during the 26th Ship for Southeast Asian Youth Program (SSEAYP). She loves to read, travel and take photographs. She considers gardening a therapy.
Previous article United Parcel Service, Inc. (UPS) Falls On 2015 Earnings Forecast
Next article 2014 Hedge Funds Benchmark Study Results [INFOGRAPHIC]

No posts to display