Something strange happened in the stock market Tuesday as big stocks reversed sharply lower after opening higher.
Thirty stocks in the S&P 500 dropped more than 5 percent from their opening prices with many of the names concentrated in the industrial and technology sectors.
The industrial stocks' decline is likely due to a Caterpillar management comment about its profitability the rest of the year. The company said on a midday conference call that its first-quarter profit will be "the high-water mark for the year" due to higher investment spending.
Caterpillar shares fell by nearly 10 percent from their opening price.
Hot Tech Stocks To Buy For 2019: MIND C.T.I. Ltd.(MNDO)
Advisors' Opinion:- [By Ethan Ryder]
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Hot Tech Stocks To Buy For 2019: Liberty TripAdvisor Holdings, Inc.(LTRPA)
Advisors' Opinion:- [By Lisa Levin]
Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 31 percent to $12.10 following TripAdvisor Q1 earnings beat.
Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 34 percent to $15.3628 after the company posted better-than-expected Q1 earnings.
- [By Lisa Levin]
Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 30 percent to $12.05 following TripAdvisor Q1 earnings beat.
Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 26 percent to $14.48 after the company posted better-than-expected Q1 earnings.
- [By Lisa Levin]
Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 32 percent to $12.175 following TripAdvisor Q1 earnings beat.
Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 27 percent to $14.60 after the company posted better-than-expected Q1 earnings.
Hot Tech Stocks To Buy For 2019: Turkcell Iletisim Hizmetleri AS(TKC)
Advisors' Opinion:- [By Rich Smith]
Shares of Turkish telecom Turkcell Iletisim Hizmetleri (NYSE:TKC) plummeted 10% to close at $4.42 per share on Thursday -- then proceeded to slide more after-hours. Perhaps worse for investors trying to figure out how to react to this news: There was no obvious reason for the decline.
- [By Ethan Ryder]
Turkcell (NYSE:TKC) shares reached a new 52-week high and low during trading on Friday . The stock traded as low as $7.59 and last traded at $7.74, with a volume of 559325 shares traded. The stock had previously closed at $8.02.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Big Lots, Inc. (NYSE: BIG) shares fell 9.6 percent to $37.01 in pre-market trading after the company reported weaker-than-expected results for its first quarter and issued downbeat earnings forecast. Tilly's, Inc. (NYSE: TLYS) fell 5.7 percent to $12.98 in pre-market trading after rising 12.69 percent on Thursday. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) fell 4.2 percent to $6.39 in pre-market trading after dropping 4.71 percent on Thursday. Sunlands Online Education Group (NYSE: STG) fell 4.2 percent to $9.13 in pre-market trading. Safe Bulkers, Inc. (NYSE: SB) fell 4.2 percent to $3.42 in pre-market trading after climbing 12.62 percent on Thursday. Ulta Beauty, Inc. (NASDAQ: ULTA) fell 4.1 percent to $236.80 in pre-market trading. Ulta Beauty reported upbeat results for its first quarter, but issued weak second-quarter earnings and sales guidance. GameStop Corp. (NYSE: GME) shares fell 3.8 percent to $12.70 in pre-market trading. GameStop reported in-line earnings for its first quarter, while sales missed estimates. Workday, Inc. (NASDAQ: WDAY) fell 3.2 percent to $126.85 in the pre-market trading session after the company posted Q1 results. Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 3 percent to $57.15 in pre-market trading - [By Max Byerly]
Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down prior to trading on Thursday . The stock had previously closed at $5.38, but opened at $5.70. Turkcell Iletisim Hizmetleri A.S. shares last traded at $5.88, with a volume of 88576 shares trading hands.
- [By Lee Jackson]
Turkcell Iletisim Hizmetleri A.S. (NASDAQ: TKC) was started with an overweight rating at J.P. Morgan. The 52-week trading range for the company’s shares has been $6.33 to $11.29. The consensus price target is $10.94. The shares ended trading on Monday at $6.58.
- [By Rich Smith]
Turkish telco Turkcell Iletisim Hizmetleri (NYSE:TKC) became the latest victim of President Donald Trump's favorite foreign policy tool -- the tariff -- this morning, falling 13.1% (as of 11:40 a.m. EDT) after the United States announced it would double the amount of tariffs imposed on steel and aluminum imported to the U.S. from Turkey.
Hot Tech Stocks To Buy For 2019: AirMedia Group Inc(AMCN)
Advisors' Opinion:- [By Paul Ausick]
AirMedia Group Inc. (NASDAQ: AMCN) posted a 52-week low of $1.04 after closing down 23% on Wednesday at $1.35. The 52-week high is $3.30. Volume was about 4 million, nearly 20 times the daily average of around 230,000 million shares. The Chinese outdoor advertising company said yesterday that it is terminating a potential go-private transaction.
Hot Tech Stocks To Buy For 2019: Amgen Inc.(AMGN)
Advisors' Opinion:- [By Keith Speights]
It's a big drugmaker with a blockbuster immunology drug as its top-selling product. It pays an attractive dividend. And it faces some uncertainties. This description fits Amgen (NASDAQ:AMGN), but it applies just as well to Johnson & Johnson (NYSE:JNJ).
- [By Chris Lange]
Amgen Inc. (NASDAQ: AMGN) saw its short interest fall slightly to 10.61 million shares from the previous level of 10.72 million. Shares were last seen at $184.59, in a 52-week trading range of $163.31 to $201.23.
- [By Max Byerly]
Gables Capital Management Inc. purchased a new stake in Amgen, Inc. (NASDAQ:AMGN) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,023 shares of the medical research company’s stock, valued at approximately $174,000.
Hot Tech Stocks To Buy For 2019: JinkoSolar Holding Company Limited(JKS)
Advisors' Opinion:- [By Jason Hall]
What a difference one year -- and some major government policies -- can make. In 2017, shares of SunPower (NASDAQ:SPWR), Canadian Solar Inc. (NASDAQ:CSIQ), JinkoSolar Holding Co., Ltd. (NYSE:JKS), and First Solar, Inc. (NASDAQ:FSLR) investors enjoyed solid gains of 28%, 38%, 58% and 110% respectively.
- [By Ethan Ryder]
ValuEngine cut shares of JinkoSolar (NYSE:JKS) from a hold rating to a sell rating in a report issued on Wednesday morning.
A number of other research firms have also issued reports on JKS. Roth Capital upgraded JinkoSolar from a neutral rating to a buy rating and decreased their target price for the company from $20.00 to $11.50 in a report on Monday, February 4th. Goldman Sachs Group upgraded JinkoSolar from a neutral rating to a buy rating and set a $20.00 target price for the company in a report on Monday, February 4th. Williams Capital initiated coverage on JinkoSolar in a report on Wednesday, December 19th. They issued a sell rating and a $1.00 target price for the company. Zacks Investment Research upgraded JinkoSolar from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Wednesday, February 6th. Finally, Credit Suisse Group reiterated a neutral rating on shares of JinkoSolar in a report on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $12.58.
- [By Stephan Byrd]
JinkoSolar Holding Co., Ltd. (NYSE:JKS) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.80.
- [By Travis Hoium]
Shares of JinkoSolar Holding Co. (NYSE:JKS) plunged as much as 27.5% in trading Monday after announcing second-quarter 2018 results. The stock recovered some of the losses but was still down 13.3% at 11:10 a.m. EDT.
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