Toward the end of trading Friday, the Dow traded down 0.26 percent to 23,939.09 while the NASDAQ declined 0.33 percent to
6,962.90. The S&P also fell, dropping 0.15 percent to 2,592.65.
Leading and Lagging Sectors
Friday afternoon, the consumer staples shares slipped by just 0.05 percent. Meanwhile, top gainers in the sector included
Pyxus International Inc (NYSE: PYX) up 17
percent, and Youngevity International Inc (NASDAQ: YGYI) up 15 percent.
In trading on Friday, energy shares fell 0.9 percent.
Top Headline
SYNNEX Corporation (NYSE: SNX) reported
better-than-expected results for its fourth quarter and issued strong outlook for the first quarter.
SYNNEX posted quarterly earnings of $3.65 per share on sales of $5.6 billion. However, analysts were expecting earnings of $3.09
per share on sales of $5.43 billion.
Synnex expects Q1 adjusted earnings of $2.70 to $2.80 per share, on sales of $5.23 billion to $5.43 billion. Analysts project
earnings of $2.51 per share on sales of $5.08 billion.
Equities Trading UP
Flotek Industries Inc (NYSE: FTK) shares
got a boost, shooting up 81 percent to $2.56 after the company reported the sale of its Florida Chemical Co. to Archer Daniels
Midland for $175 million in cash.
Shares of Tilray Inc (NASDAQ: TLRY)
shot up 25 percent to $100.67 after Privateer Holdings announced it does not plan to register, sell, or distribute its Tilray
shares during the first half of 2019.
SYNNEX Corporation (NYSE: SNX) shares were
also up, gaining 13 percent to $98.48 after the company reported better-than-expected results for its fourth quarter and issued
strong outlook for the first quarter.
Equities Trading DOWN
Aratana Therapeutics Inc (NASDAQ: PETX)
shares dropped 28 percent to $4.30 after Stifel Nicolaus downgraded the stock from Buy to Hold and lowered the price target from $8
to $5.
Shares of Aehr Test Systems (NASDAQ: AEHR) were down 20 percent to $1.49. Aehr Test Systems reported a Q2 loss of $0.02
per share on sales of $5.9 million. The company also lowered its FY19 sales guidance.
SemiLEDs Corporation (NASDAQ: LEDS) was
down, falling around 14 percent to $2.73. SemiLEDs reported a Q1 loss of $0.27 per share, down from a loss of $0.11 per share
year-over-year. Sales came in at $972,000, down from $2.003 million at the same time last year.
Commodities
In commodity news, oil traded down 1.6 percent to $51.75 while gold traded up 0.3 percent to $1,291.20.
Silver traded up 0.33 percent Friday to $15.695, while copper rose 0.89 percent to $2.661.
Eurozone
European shares closed mostly lower today. The eurozone’s STOXX 600 gained 0.09 percent, the Spanish Ibex Index rose 0.23
percent, while Italy’s FTSE MIB Index dropped 0.06 percent. Meanwhile the German DAX dropped 0.31 percent, and the French CAC 40
declined 0.51 percent while U.K. shares fell 0.36 percent.
Economics
The Consumer Price Index fell 0.1 percent for December, versus economists’ expectations for a 0.1 percent drop.
The total number of active U.S. oil rigs slipped by 4 to 873 rigs this week, Baker Hughes Inc reported.
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.