Energy Oil prices dropped today again today down another .9% closing at $53.70/bb. Dow 30 energy participants Chevron (CVX) moved higher by .49% closing at $115.74/share & Exxon (XOM) closed higher by .53% closing at $67.85/share. Occidental Petroleum (OXY) closed at $42.13/share down .57% after their recent sale of $13 billion of debt to fund their Anadarko Purchase. TechnipFMC (FTI) closed at $24.01 up 3.9% after announcing that it will divide into two separate publicly traded companies.
Metals & Mining Gold prices closed at $1530.57/oz. Silver jumped and closed at $17.61/oz. Hecla Mining Company (HL) closed at $1.66/share down .60%.
Healthcare The S&P 500 healthcare sector closed at 10435.41 up .97%. UnitedHealth (UNH) closed up .18% closing at $231.08/share, Walgreens Boots Alliance (WBA) closed at $50.04/share up 1.46% & Cigna (CI) lost .25% closing at $152.91/share post their recent Q2 earnings beat. INVO Bioscience, Inc. (IVOB) ended the day at $.3150/share as daily trading volume continues to rise in concert with their announcing progress after their exclusive U.S. partnership with Ferring Pharmaceuticals, a leader in the reproductive health industry was announced in Q1-2019. Ferring has committed to providing the necessary sales and marketing resources to more fully develop the market in the United States. There are countless couples not able to receive reproductive treatments today, and Ferring can be instrumental in addressing the unmet needs of this cohort. Ferring has the industry experience, relationships and the marketing capabilities to successfully embed the INVOcell in clinics throughout the country. IVOB is a medical device company, headquartered in Sarasota, FL focused on creating simplified, lower-cost treatment options for patients diagnosed with infertility. The company’s lead product, the INVOcell, is a novel medical device used in infertility treatment that is FDA cleared and that enables egg fertilization and early embryo development in the woman’s vaginal cavity. Recently, INVO Bioscience (IVOB) announced that revenues for the quarter totaled $658,638 compared to $110,210 in the second quarter of 2018, an increase of 498%. Revenue growth was driven primarily by increased product sales in the U.S. as shipments to Ferring were above expectations outlined in May 2019 as they began to increase their marketing activities. On January 14, 2019, the Company closed an exclusive U.S. licensing agreement with Ferring International Center S.A. the parent Company of Ferring Pharmaceuticals U.S. to commercialize the INVOcell™ system for use in the treatment of infertility. As part of the U.S. licensing agreement, the Company received a $5 million one-time milestone payment, with the ability to receive an additional $3 million upon obtaining a label enhancement from the U.S. Food and Drug Administration. Read Complete Story.
Biotech The Ishares Nasdaq Biotechnology ETF (IBB) moved higher up .73% closing at $103.16. The 52-wk range is $89.01 – $122.97.
Consumer Staples and Discretionary
Walmart (WMT) closed at $111.99/share up 1.05% after their recent earnings beat and positive guidance.
Disney (DIS) closed at $134.61 up 2.23% after recently revealing that it will launch its new streaming service Disney+ in Canada & Netherlands on November 12th and then in Australia and New Zealand the next day.The Home Depot (HD) closed at $218.65/share up .54%. Target (TGT) closed at $104.77/share up 1.24% after beating earnings estimates recently. Boeing (BA) closed at $359.04 up another .85% as reports recently surfaced that the company is planning to increase the production of the 737 to 52/mo in February 2019 if they get the sign off from regulators that allow the commercial return of the troubled 737 MAX.
FinancialsJPMorgan Chase & Co. (JPM) closed at $106.87/share up .8%. Goldman Sachs (GS) closed at $199.65/share up 1.76%.
EconomyThe durable goods orders report came in today and it moved up 2.1%. Excluding transportation, the durable goods orders report went down .4%.
Day or Short Term Trading Update Last Thursday’s buy of Bloom Energy ( BE) at $5.06/share and $4.99/share paid off as it surged to $5.70 about a 14% move. We were seeking a swing back up to at least the high $5’s after its recent beat down and we got it. We identified San Jose, CA’s Zscaler (ZS), a cloud-based web security provider, as a bounce play after it got slammed earlier this week after being downgraded and closed down at $70.80. ZS popped then to $74.51/share for an approximate 5% gain. The Hain Celestial Group (HAIN) was also identified as another bounce play. HAIN shares closed trading at $18.36/share Wednesday after a recent analyst downgrade and a simultaneous price drop from the $22 level that seemed to be triggered by fears surrounding The Brexit issue and timeline. Today shares rose to an intraday high of $18.99 and then closed at $18.91 for 3% move. We did not add anything in this department today.
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