Market Movers, July.18th

6:55am, Dow futures flat

Not much moving right now as of 7:14am

8:04am, CODX up 88% on 2,231,965 shares traded after announcing “favorable results of a study to detect cancer mutations using its patented CoPrimer™ technology, with applications in liquid biopsy and companion diagnostic tests”. Read more

 8:09am, OTLK up 13% on 149,110 shares traded after H.C Wainwright gives the company a buy rating and a price target of $8.00 per share. thefly.com reports

Novartis reports double digit operating income growth, net sales up 8%. As of 8:22am it is up 5% on 200,988 shares traded. Click the image below for the full press release, courtesy globenewswire.com

Netflix misses targets for overseas subscribers, and the market reaction is fierce today. Netflix has invested heavily into its global reach, so this news is having a big impact on the general sentiment. They also lost 100 000 U.S subscribers. Stock is down 10.5% as of 8:51am on 831,963 shares traded. Read more at CNBC

 “research from Bespoke Investment Group shows that history is typically kind to traders who buy at open following a gap lower on poor earnings”, CNBC reports . Very dubious article in our opinion. They are basically saying we should buy the open with the intention of holding. Whale wants out? Who knows..

image courtesy cnbc

AMRN down 7.7% on 164,462 shares traded as of 9:00am after announcing secondary offering. They also supplemented the regulatory risk factors in their last quarterly report

“If FDA decides to hold an advisory committee meeting in connection with our sNDA for the REDUCE-IT indication, data interpretations or other information from FDA or the committee could be made public that are negative or may delay approval or limit Vascepa’s marketability”. Read more

9:08am, CODX up 116% on 4,213,123 shares traded

“Dow and Nasdaq head for 3-day slide, Netflix shares plunge”, CNBC reports

 11:58am, Dow down 128 points

Fed’s Williams hints at more aggressive rate cuts: ‘Better to take preventative measures’, Dow swings from being down 150 points to up! CNBC reports

3:18pm, “Trump says US Navy shot down Iranian drone in ‘defensive action,’ escalating tensions in Gulf region”, CNBC reports

Stay tuned for updates!

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