​This Week in Emerging Growth: Dems Champion Hope, Small-Caps Agree

Joel Anderson  |

It was a bang-up week from Philadelphia as the Democrats presented their love and hope platform to counter the doom and gloom put up by Republicans last week in Cleveland. It wasn’t all politics, though, as earnings season had stocks on the move as numbers came in for Q2.

Major News Recap:

  • Earnings season had a lot of major companies experiencing big swings. Amazon (AMZN), Facebook (FB), and Alphabet (GOOG) all experienced big gains after impressive results, while Twitter (TWTR) and McDonalds (MCD) booth took big hits after they failed to impress with Q2.
  • The Federal Reserve left interest rates the same, but said that short-term risks had diminished, indicating that they may be preparing to raise rates soon.
  • The Oracle Corporation (ORCL) shelled out some $9.3 billion to purchase NetSuite (N) and secure a large share of the rapidly-growing cloud computing sphere. It’s hard to figure how these two wayward companies found each other in the wilderness, except for the fact that Larry Ellison, the founder and executive chairman of Oracle, owns a 40% stake in NetSuite.
  • Tesla (TSLA) officially opened its enormous Gigafactory on Tuesday, despite it only being 14% completed, on the heels of last week’s announcement of its “Master Plan, Part Deux.” Tesla is rushing to put the factory into production in order to meet the tremendous inflow of orders for its new, more affordable Model 3 Sedan.
  • The commerce department reported that GDP growth for the second quarter was an annualized 1.2%, well below the 2.6% expected by Wall Street analysts, citing inventory drawdowns as the primary source. Combined with a downward revision of the first quarter, the US economy has grown at a rate of just 1% in the first half of 2016.

The Week’s Market Action

S&P 500: -1.75 or 0.08% to 2,173.60

Nasdaq: +61.97 or 1.22% to 5,163.13

Top-performing Stocks:

Top Performers

Company

Gain

Bottom Performers

Company

Loss

Mega-Cap

Apple (AAPL)

$5.53 or 5.61% to $104.21

Mega-Cap

Royal Dutch Shell (RDS.A)

$3.32 or 6.02% to $51.79

Large-Cap

Sprint Corp. (S)

$1.52 or 32.9% to $6.14

Large-Cap

CIGNA Corporation (CI)

$16.65 or 11.41% to $128.96

Mid-Cap

LogMeln (LOGM)

$21.44 or 33.26% to $85.91

Mid-Cap

Stericycle (SRCL)

$16.98 or 15.83% to $90.27

Emerging Growth Company News

Small-cap stocks were on the rise this week even as the S&P 500 held steady, appearing to track major indices which reached record highs earlier this month just as those indices are starting to stall. Since its post-Brexit low in late June, the index is up over 8%.

Russell 2000 Performance: +7.1 or 0.59% to 1,219.94

Emerging Growth Stock Performance:

Top Performers

Company

Gain

Bottom Performers

Company

Loss

Small-Cap

EXACT Sciences Corporation (EXAS)

$4.90 or 39.26% to $17.38

Small-Cap

Seres Therapeutics (MCRB)

$23.53 or 68.26% to $10.94

Micro-Cap

Sequenom (SQNM)

$1.50 or 174.1% to $2.36

Micro-Cap

Tobira Therapeutics (TBRA)

$6.94 or 61.69% to $4.31

Deals Recap:

Emerging Growth News

Top Reads of the Week



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.

Companies

Symbol Name Price Change % Volume
CI Cigna Corporation 199.95 -6.06 -2.94 1,498,385 Trade
ORCL Oracle Corporation 52.69 -1.38 -2.55 8,260,203 Trade
TSLA Tesla Inc. 558.02 -6.80 -1.20 13,629,916 Trade
FB Facebook Inc. 214.87 -3.07 -1.41 13,815,053 Trade
RDS.A Royal Dutch Shell PLC American Depositary Shares (Each representing two Class A) 56.09 -1.08 -1.89 3,346,140 Trade
LOGM LogMeIn Inc. 86.20 -0.10 -0.12 450,400 Trade
EXAS Exact Sciences Corporation 87.93 -1.64 -1.83 2,302,675 Trade
S Sprint Corporation 4.63 -0.20 -4.14 16,601,347 Trade
SRCL Stericycle Inc. 62.90 0.12 0.19 325,878 Trade
INFN Infinera Corporation 7.78 -0.14 -1.77 1,377,916 Trade
TWTR Twitter Inc. 32.78 -0.41 -1.24 11,802,309 Trade
MCRB Seres Therapeutics Inc. 3.22 0.09 2.88 170,062 Trade
SQNM Sequenom Inc. n/a n/a n/a 0 Trade
GOOG Alphabet Inc. 1,433.90 -32.81 -2.24 1,755,446 Trade
MCD McDonald's Corporation 209.34 -1.90 -0.90 3,389,325 Trade
N Netsuite Inc n/a n/a n/a 0 Trade
NVCR NovoCure Limited 87.00 -0.29 -0.33 831,116 Trade
MDCA MDC Partners Inc. 2.46 0.02 0.82 78,141 Trade
LH Laboratory Corporation of America Holdings 177.49 0.31 0.17 677,814 Trade
F Ford Motor Company 8.89 -0.11 -1.22 60,769,335 Trade
TBRA Tobira Therapeutics Inc. n/a n/a n/a 0 Trade
GNC GNC Holdings Inc. Class A 2.16 0.00 0.00 456,374 Trade
HWAY Healthways Inc. n/a n/a n/a n/a
AAPL Apple Inc. 308.95 -9.36 -2.94 40,522,514 Trade
AMZN Amazon.com Inc. 1,828.34 -33.30 -1.79 3,529,757 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

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