March 13, 2017: The S&P 500 closed barely higher on the day up 0.04% and 0.87 points at 2,373.47. Separately the DJIA closed slightly lower 0.10% on the day at 20,881.48, down approximately 21.50 points. Overall this was brought about by the financial sector with help from some of the smaller stocks in the tech sector. Most of the weakness we saw in the S&P 500 on Monday came from oil and gas, apparel stores, and airlines. A few very large companies pulled down the index as well even if they were the only ones in their industry doing so. Otherwise, the market was relatively flat.
Crude oil continued to fall if only slightly. Oil closed 0.16% lower at $48.41.
Gold was relatively flat on the day increasing only 0.22% or $2.70, still holding barely above $1,200, at $1,204.10.
As we have said before, the financial sector helped pull the S&P up along with most of the smaller tech stocks in the index. At first glance, this pick up in the tech sector bodes well for the future and it's always good to see financials rally so that the market can get some legs under itself.
Top Stocks To Invest In Right Now: Invesco Trust for Investment Grade Municipals(VGM)
Advisors' Opinion:- [By Max Byerly]
Media headlines about Invesco Van Kmpn Trst Fr Invst Grd Mncpl (NYSE:VGM) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Invesco Van Kmpn Trst Fr Invst Grd Mncpl earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.4657191418091 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Top Stocks To Invest In Right Now: Approach Resources Inc.(AREX)
Advisors' Opinion:- [By Joseph Griffin]
Shares of Approach Resources Inc. (NASDAQ:AREX) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $2.75.
- [By Max Byerly]
Approach Resources Inc. (NASDAQ:AREX) hit a new 52-week low during trading on Thursday . The company traded as low as $2.02 and last traded at $2.04, with a volume of 2875 shares trading hands. The stock had previously closed at $2.08.
- [By Max Byerly]
Get a free copy of the Zacks research report on Approach Resources (AREX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Stocks To Invest In Right Now: Citrix Systems Inc.(CTXS)
Advisors' Opinion:- [By Max Byerly]
Get a free copy of the Zacks research report on Citrix Systems (CTXS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Qube Research & Technologies Ltd lifted its position in shares of Citrix Systems, Inc. (NASDAQ:CTXS) by 153.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,212 shares of the cloud computing company’s stock after purchasing an additional 1,340 shares during the period. Qube Research & Technologies Ltd’s holdings in Citrix Systems were worth $232,000 as of its most recent SEC filing.
- [By Stephan Byrd]
Aviva PLC cut its stake in Citrix Systems, Inc. (NASDAQ:CTXS) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,292 shares of the cloud computing company’s stock after selling 6,834 shares during the period. Aviva PLC’s holdings in Citrix Systems were worth $7,369,000 at the end of the most recent reporting period.
- [By Max Byerly]
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
Get Citrix Systems alerts: Citrix Systems (CTXS) VP Jessica Soisson Sells 3,281 Shares (americanbankingnews.com) Glancy Prongay & Murray LLP Continues Investigation on Behalf of Citrix Systems, Inc. (CTXS) Investors (bizjournals.com) Glancy Prongay & Murray LLP Continues Investigation on Behalf of Citrix Systems, Inc. (CTXS) Investors (markets.financialcontent.com) Citrix Michael Lewis Day 3 Highlights from Synergy 2018 (dabcc.com) Citrix Certification Guide: Overview and Career Paths (businessnewsdaily.com)A number of brokerages have commented on CTXS. Mizuho reaffirmed a “buy” rating on shares of Citrix Systems in a report on Wednesday, May 9th. Zacks Investment Research raised Citrix Systems from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a report on Tuesday, May 1st. Goldman Sachs raised Citrix Systems from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, May 1st. Royal Bank of Canada upped their price objective on Citrix Systems to $104.00 and gave the company a “market perform” rating in a report on Thursday, April 26th. Finally, Barclays upped their price objective on Citrix Systems from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $102.31.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Citrix Systems (CTXS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Stocks To Invest In Right Now: Infinity Property and Casualty Corporation(IPCC)
Advisors' Opinion:- [By Joseph Griffin]
ValuEngine lowered shares of Infinity Property and Casualty (NASDAQ:IPCC) from a strong-buy rating to a buy rating in a research report released on Saturday morning.
- [By Shane Hupp]
Berkshire Hathaway Inc. Class B (NYSE: BRK.B) and Infinity Property and Casualty (NASDAQ:IPCC) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, earnings, dividends and risk.
- [By Stephan Byrd]
Infinity Property and Casualty (NASDAQ:IPCC) and Hartford Financial Services Group (NYSE:HIG) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their risk, profitability, earnings, dividends, institutional ownership, analyst recommendations and valuation.
Top Stocks To Invest In Right Now: Reading International Inc(RDI)
Advisors' Opinion:- [By Shane Hupp]
Peel Hunt restated their buy rating on shares of RDI Reit (LON:RDI) in a report published on Thursday.
RDI stock opened at GBX 32.50 ($0.42) on Thursday. RDI Reit has a fifty-two week low of GBX 33.25 ($0.43) and a fifty-two week high of GBX 40.95 ($0.53).
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Reading International, Inc. Class A (RDI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Reading International (RDI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
RDI Reit (LON:RDI) had its price target upped by JPMorgan Chase & Co. from GBX 41 ($0.54) to GBX 205 ($2.68) in a report released on Wednesday. The firm currently has a neutral rating on the stock.
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