Source: ThinkstockMay 30, 2018: The S&P 500 closed up 1.3% at 2,724.08. The DJIA closed up 1.3% at 24,668.75. Separately, the Nasdaq was up 0.9% at 7,462.45.
Wednesday was a solid recovery for the broad U.S. markets after a slow start to this shortened trading week. Crude oil also saw a big recovery in Wednesday's session. The S&P 500 sectors were entirely positive. The most positive sectors were energy and financials up 3.1% and 1.8%, respectively. The "worst" performing sectors were utilities and technology up 0.8% and 0.7% respectively.
Crude oil was last seen trading up 2.3% at $68.29.
Gold was last seen trading flat at $1,306.60.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Michael Kors Holdings Limited (NYSE: KORS) which traded down about 12% at $60.05. The stock's 52-week range is $32.38 to $70.00. Volume was roughly 17 million compared to the daily average volume of 1.9 million.
Hot Performing Stocks To Own Right Now: Concord Medical Services Holdings Limited(CCM)
Advisors' Opinion:- [By Logan Wallace]
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- [By Max Byerly]
Get a free copy of the Zacks research report on Concord Medical Services (CCM)
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 Concord Medical Services (CCM)
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 Concord Medical Services (CCM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Performing Stocks To Own Right Now: Union Bankshares Corporation(UBSH)
Advisors' Opinion:- [By Max Byerly]
Union Bankshares Corp (NASDAQ:UBSH) Director G William Beale sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $41.56, for a total value of $41,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Union Bankshares (UBSH)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Union Bankshares (NASDAQ:UBSH) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
- [By Stephan Byrd]
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- [By Motley Fool Staff]
Union First Market Bankshares (NASDAQ:UBSH) Q2 2018 Earnings Conference CallJul. 18, 2018 9:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Shane Hupp]
Union Bankshares (NASDAQ:UBSH) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.
Hot Performing Stocks To Own Right Now: American Tower Corporation (REIT)(AMT)
Advisors' Opinion:- [By Max Byerly]
American Tower (NYSE:AMT) was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $135.00 target price on the real estate investment trust’s stock. Guggenheim’s target price would indicate a potential downside of 5.04% from the company’s previous close.
- [By Ethan Ryder]
Edgewood Management LLC boosted its position in shares of American Tower Corp (NYSE:AMT) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,827,640 shares of the real estate investment trust’s stock after acquiring an additional 154,127 shares during the period. American Tower makes up approximately 3.6% of Edgewood Management LLC’s holdings, making the stock its 17th largest holding. Edgewood Management LLC owned approximately 1.55% of American Tower worth $984,341,000 at the end of the most recent reporting period.
- [By Joseph Griffin]
Reaves W H & Co. Inc. lessened its stake in American Tower Co. (NYSE:AMT) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,526 shares of the real estate investment trust’s stock after selling 8,169 shares during the quarter. American Tower makes up approximately 1.6% of Reaves W H & Co. Inc.’s holdings, making the stock its 22nd biggest holding. Reaves W H & Co. Inc. owned about 0.07% of American Tower worth $45,423,000 at the end of the most recent reporting period.
- [By Shane Hupp]
Investors purchased shares of American Tower Corp (NYSE:AMT) on weakness during trading on Friday. $61.30 million flowed into the stock on the tick-up and $33.77 million flowed out of the stock on the tick-down, for a money net flow of $27.53 million into the stock. Of all equities tracked, American Tower had the 21st highest net in-flow for the day. American Tower traded down ($1.54) for the day and closed at $146.55
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