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Stock Market Roundup, March 7: SNAP Falls Again, Drug Stocks Dip
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Stocks opened in the red and were down slightly throughout the day on Tuesday. The healthcare sector, specifically drug stocks, witnessed some volatility after the release of the Republican plan to replace Obamacare and President Trump’s ensuing tweets, while shares of Snap Inc. fell another 11% just days after its highly-anticipated IPO.
On today’s episode of Shopping for Stocks, Editor Maddy Johnson takes a look at what could be one of the most interesting IPOs in years: Canada Goose. On the back on Snap’s (SNAP - Free Report) historic IPO, the market could be ready to welcome this designer of high-end parkas and other winter apparel.
Salesforce.com, Inc. (CRM - Free Report) and International Business Machines Corporation (IBM - Free Report) on Monday announced a new partnership that will help advance both companies through the integration of Salesforce’s new artificial intelligence technology with IBM’s Watson AI.
A President Donald Trump tweet promising to increase competition and decrease prices in the drug industry sent pharmaceutical stocks falling on Tuesday. Immediately following the news, shares of Pfizer (PFE - Free Report) and Merck & Co (MRK - Free Report) fell 1.1% while Amgen Inc (AMGN - Free Report) took a 1.4% hit.
Shares of Momo Inc. (MOMO - Free Report) , the developer of a popular mobile social media application in China, soared more than 11% on Tuesday following the release of its strong fourth-quarter earnings results. With several other Chinese internet stocks showing strength, is now the time to invest in the country’s new digital age?
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>
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Stock Market Roundup, March 7: SNAP Falls Again, Drug Stocks Dip
Stocks opened in the red and were down slightly throughout the day on Tuesday. The healthcare sector, specifically drug stocks, witnessed some volatility after the release of the Republican plan to replace Obamacare and President Trump’s ensuing tweets, while shares of Snap Inc. fell another 11% just days after its highly-anticipated IPO.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Pier 1 Imports - +5.48%
Growth: PIR
Momentum: Applied Optoelectronics (AAOI - Free Report) - +6.18%
VGM: PIR
Major Indexes
DOW: 20,923.95 / -30.39 / -0.15%
NASDAQ: 5,832.77 / -16.41 / -0.28%
S&P 500: 2,367.91 / -7.40 / -0.31%
Top Headlines
After Snapchat, Will Investors Flock to Canada Goose's IPO?
On today’s episode of Shopping for Stocks, Editor Maddy Johnson takes a look at what could be one of the most interesting IPOs in years: Canada Goose. On the back on Snap’s (SNAP - Free Report) historic IPO, the market could be ready to welcome this designer of high-end parkas and other winter apparel.
IBM and Salesforce Partner to Expand AI and Cloud Computing Platforms
Salesforce.com, Inc. (CRM - Free Report) and International Business Machines Corporation (IBM - Free Report) on Monday announced a new partnership that will help advance both companies through the integration of Salesforce’s new artificial intelligence technology with IBM’s Watson AI.
Trump's Tweet Hits Pharma Stocks, Promises Decreased Drug Prices
A President Donald Trump tweet promising to increase competition and decrease prices in the drug industry sent pharmaceutical stocks falling on Tuesday. Immediately following the news, shares of Pfizer (PFE - Free Report) and Merck & Co (MRK - Free Report) fell 1.1% while Amgen Inc (AMGN - Free Report) took a 1.4% hit.
After Momo's Strong Earnings, Buy These Chinese Internet Stocks
Shares of Momo Inc. (MOMO - Free Report) , the developer of a popular mobile social media application in China, soared more than 11% on Tuesday following the release of its strong fourth-quarter earnings results. With several other Chinese internet stocks showing strength, is now the time to invest in the country’s new digital age?
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>