Market Outlook for Monday, September 16, 2019

Free Live Online Classes
Premium Live Online Classes
Premium On-Location Classes
Next Step Workshops
News - "Mid-Afternoon Market Update: Park City Falls Following Q4 Results; MER Telemanagement Solutions Shares Climb"

Toward the end of trading Friday, the Dow traded up 0.06% to 27199.48 while the NASDAQ fell 0.35% to 8,166.08. The S&P also fell, dropping 0.22% to 3,003.05.


Leading and Lagging Sectors

Materials shares climbed 1.2% on Friday. Meanwhile, top gainers in the sector included Ferroglobe PLC (NYSE: GSM), up 8%, and Taseko Mines Limited (NYSE: TGB), up 9%.

In trading on Friday, real estate shares fell 1.5%.


Top Headline

Castle Creek Pharmaceutical Holdings announced it will acquire Fibrocell Science, Inc. (NASDAQ: FCSC), a cell and gene therapy company in a $3 per share cash.

Castle Creek Pharmaceuticals is a privately held company developing therapies for patients with rare, serious or debilitating dermatologic conditions. Castle Creek Pharmaceuticals already has a licensing and development collaboration with Fibrocell, which began in April.
.



Equities Trading UP

MER Telemanagement Solutions Ltd. (NASDAQ: MTSL) shares shot up 30% to $1.56 after the company reported better-than-expected H1'19 EPS results. Mer Telemanagement reported H1'19 EPS of $(0.04) on sales of $2.6 million.

Shares of Fibrocell Science Inc (NASDAQ: FCSC) got a boost, shooting up 60% to $2.93 after the company agreed to be acquired by Castle Creek Pharmaceutical for an all-cash consideration of $3 per share.

Vince Holding Corp. (NYSE: VNCE) shares were also up, gaining 25% to $14.40 after the company reported Q2 results.


Equities Trading DOWN

Ardelyx, Inc. (NASDAQ: ARDX) shares tumbled 16% to $5.27. Ardelyx announced the FDA has approved its tenapanor, brand name Ibsrela, a 50mg twice-daily oral pill for the treatment of irritable bowel syndrome with constipation in adults. The drug acts locally in the gastrointestinal tract by inhibiting the sodium-hydrogen exchanger, leading to increased bowel movements and decreased abdominal pain.

Shares of Park City Group, Inc. (NASDAQ: PCYG) were down 13% to $6.65 after reporting Q4 results.

Ritter Pharmaceuticals, Inc. (NASDAQ: RTTR) was down, falling 70% to $0.32 following a clinical readout. Ritter said the Phase 3 trial of RP-G28 that's being evaluated for lactose intolerance failed to show statistical significance in its pre-specified primary endpoint.


Commodities


In commodity news, oil traded down 0.4% to $54.85, while gold traded down 0.9% to $1,493.70.

Silver traded down 3.9% Friday to $1,493.70, while copper rose 2.2% to $2.6985.

Euro zone


European shares closed higher today. The eurozone’s STOXX 600 rose 0.34%, the Spanish Ibex Index rose 0.5%, while Italy’s FTSE MIB Index rose 0.44%. Meanwhile, the German DAX rose 0.47% and the French CAC 40 climbed 0.22% while UK shares rose 0.31%.

Economics

The import price index dropped 0.5% for August, while export prices declined 0.6% last month.

U.S. retail sales increased 0.4% for August, versus economists’ expectations for a 0.2% rise.

The University of Michigan's consumer sentiment index rose to 92 in September, versus 89.8 in previous month.

U.S. business inventories rose 0.4% for July, versus economists’ expectations for a 0.3% gain.

The total number of active U.S. oil rigs slipped by 5 to 733 rigs this week, Baker Hughes Inc reported.

Chart
Today's Earnings
TickerCompany NameTime
ATVAcorn Intl8:00 AM
BBCPConcrete Pumping Holdings8:00 AM
CSBRChampions Oncology4:00 PM
FEIMFrequency Electronics4:00 PM
HHRHeadHunter Group8:00 AM
OCCOptical Cable8:00 AM
SOLReneSola8:00 AM
Today's Economic Events
Event NamePeriodYearTime
NY Empire State Manufacturing IndexSep20198:30 AM
Movers & Shakers - "Stocks That Hit 52-Week Lows On Friday"

Before 10 a.m E.T on Friday, 95 companies hit new 52-week lows.

Key Facts:
    Altria Group (NYSE: MO) was the biggest company on a market cap basis to set a new 52-week low. High Performance (OTC: TBEV) was the smallest, in terms of market cap, to set a new 52-week low Of the companies setting new 52-week lows, Strikepoint Gold (OTC: STKXF) underwent the biggest reversal. Shares of Strikepoint Gold actually traded up 48.0% to bounce back from its new 52-week low.

During the first half-hour of trading on Friday, the following stocks set new 52-week lows:

    Altria Group (NYSE: MO) stock set a new 52-week low of $42.39 on Friday morning, with shares later moving down 4.59%. Bank of America (OTC: BFALL) stock hit a new 52-week low of $24.89 to begin trading. The stock was down 0.56% on the session. Fairfax Financial Hldgs (OTC: FRFFF) shares hit a yearly low of $14.10 today morning. The stock was down 2.72% on the session. Capital One Financial (OTC: COFOL) shares fell to $24.62 on Friday morning, setting a new 52-week low. Shares then moved down 1.09%. ANGI Homeservices (NASDAQ: ANGI) stock set a new 52-week low of $7.62 on Friday morning, with shares later moving up 3.3%. Holly Energy Partners (NYSE: HEP) stock dropped to a yearly low on Friday morning of $26.15. Shares then traded down 2.76%. Unicaja Banco (OTC: UNJCF) shares fell to $0.80 on Friday morning, setting a new 52-week low. Shares then moved down 8.77%. PDL BioPharma (NASDAQ: PDLI) stock hit $2.21 on Friday morning, setting a new 52-week low. The stock traded down 5.27% over the course of the day. Giordano International (OTC: GRDZF) shares set a new yearly low of $0.30 this morning. The stock was down 0.66% on the session. Myovant Sciences (NYSE: MYOV) shares set a new 52-week low of $6.31 today morning. The stock traded down 4.47% over the session. Heska (NASDAQ: HSKA) stock moved up 2.28% over Friday's trading session after setting a new 52-week low of $63.30 to open trading. Mammoth Energy Services (NASDAQ: TUSK) shares reached a new 52-week low of $3.08 on Friday morning, later moving down 0.31% over the rest of the day. China Gold Intl Resources (OTC: JINFF) stock moved down 1.92% over Friday's trading session after setting a new 52-week low of $1.02 to open trading. Estre Ambiental (NASDAQ: ESTR) stock fell to a new 52-week low of $0.63 on Friday morning. Shares of the company traded down 1.54% on the day. COSCO SHIPPING Intl (OTC: CHDGF) shares hit a yearly low of $0.28 today morning. The stock was up 0.67% on the session. Mersana Therapeutics (NASDAQ: MRSN) stock fell to a new 52-week low of $1.95 on Friday morning. Shares of the company traded down 6.0% on the day. Oxford BioMedica (OTC: OXBDF) shares moved down 2.5% on Friday's session after setting a new 52-week low of $6.80 to begin trading. VIVO Cannabis (OTC: VVCIF) stock hit a yearly low of $0.31 this morning. The stock was down 1.34% for the day. Insys Therapeutics (OTC: INSYQ) stock dropped to a yearly low on Friday morning of $0.08. Shares then traded down 8.14%. Contango Oil & Gas (AMEX: MCF) stock set a new 52-week low of $0.85 on Friday morning, with shares later moving down 5.11%. OCI International Hldgs (OTC: DGTLF) shares reached a new 52-week low of $0.12 on Friday morning, later moving down 4.17% over the rest of the day. Ascot Resources (OTC: AOTVF) shares fell to $0.39 on Friday morning, setting a new 52-week low. Shares then moved down 9.72%. Shenguan Holdings Group (OTC: SHGXY) shares began trading with a new 52-week low of $0.81 on Friday. The stock was down 26.68% for the day. Berentzen-Gruppe (OTC: BRTZF) stock hit $6.65 on Friday morning, setting a new 52-week low. The stock traded down 6.35% over the course of the day. Frelii (OTC: FRLI) stock fell to a new 52-week low of $0.14 on Friday morning. Shares of the company traded down 17.01% on the day. Valeritas Holdings (NASDAQ: VLRX) shares were down 4.41% over the session, having began the day with a 52-week low of $1.70. Eos Petro (OTC: EOPT) shares reached a new 52-week low of $0.45 on Friday morning, later moving down 18.18% over the rest of the day. Zion Oil & Gas (NASDAQ: ZN) stock dropped to a yearly low on Friday morning of $0.25. Shares then traded down 6.91%. China TechFaith Wireless (NASDAQ: CNTF) stock hit a yearly low of $0.26 this morning. The stock was down 13.82% for the day. SDX Energy (OTC: SDXEF) stock fell to a new 52-week low on Friday morning at $0.24, and later moved up 0.04% over the session. HQ Global Education (OTC: HQGE) stock set a new 52-week low of $0.0022 on Friday morning, with shares later moving down 19.35%. Iridex (NASDAQ: IRIX) stock hit a new 52-week low of $2.24 to begin trading. The stock was down 1.75% on the session. Commercial National (OTC: CEFC) stock fell to a new 52-week low of $10.37 on Friday morning. Shares of the company traded down 2.59% on the day. Superior Drilling (AMEX: SDPI) shares hit a yearly low of $0.77 today morning. The stock was up 5.13% on the session. Trinity Biotech (NASDAQ: TRIB) shares moved up 4.1% on Friday's session after setting a new 52-week low of $1.20 to begin trading. Panoro Minerals (OTC: POROF) shares began trading with a new 52-week low of $0.08 on Friday. The stock was down 7.87% for the day. Two Hands (OTC: TWOH) stock moved down 10.38% over Friday's trading session after setting a new 52-week low of $0.01 to open trading. Bitfarms (OTC: BFARF) shares fell to $0.91 on Friday morning, setting a new 52-week low. Shares then moved down 2.2%. Scandium Intl Mining (OTC: SCYYF) stock dropped to a yearly low on Friday morning of $0.08. Shares then traded down 8.33%. Wealth Minerals (OTC: WMLLF) shares set a new yearly low of $0.21 this morning. The stock was down 3.93% on the session. Sama Resources (OTC: SAMMF) shares began trading with a new 52-week low of $0.13 on Friday. The stock was 0.0% (flat) for the day. Invictus MD Strategies (OTC: IVITF) stock moved down 4.57% over Friday's trading session after setting a new 52-week low of $0.19 to open trading. mCig (OTC: MCIG) shares were down 14.79% over the session, having began the day with a 52-week low of $0.04. Spring Pharmaceutical Gr (OTC: CYIG) stock dropped to a yearly low on Friday morning of $0.30. Shares then traded down 6.25%. Ozop Surgical (OTC: OZSC) stock fell to a new 52-week low on Friday morning at $0.01, and later moved up 48.0% over the session. Phivida Holdings (OTC: PHVAF) stock fell to a new 52-week low on Friday morning at $0.19, and later moved down 8.77% over the session. root9B Holdings (OTC: RTNB) shares set a new 52-week low of $0.01 today morning. The stock traded 0.0% (flat) over the session. Titan Pharmaceuticals (NASDAQ: TTNP) shares set a new yearly low of $0.39 this morning. The stock was down 7.28% on the session. Galaxy Next Generation (OTC: GAXY) stock hit $0.81 on Friday morning, setting a new 52-week low. The stock traded down 8.68% over the course of the day. HTG Molecular Diagnostics (NASDAQ: HTGM) stock fell to a new 52-week low on Friday morning at $0.78, and later moved down 1.26% over the session. CTI Indus (NASDAQ: CTIB) shares set a new 52-week low of $2.01 today morning. The stock traded down 9.72% over the session. Skyharbour Resources (OTC: SYHBF) stock moved up 5.75% over Friday's trading session after setting a new 52-week low of $0.15 to open trading. Star Navigation Systems (OTC: SNAVF) shares fell to $0.02 on Friday morning, setting a new 52-week low. Shares then moved down 35.11%. Nova Leap Health (OTC: NVLPF) stock hit $0.18 on Friday morning, setting a new 52-week low. The stock traded down 4.93% over the course of the day. Global Hemp Group (OTC: GBHPF) shares set a new 52-week low of $0.03 today morning. The stock traded up 30.72% over the session. VerifyMe (OTC: VRME) stock fell to a new 52-week low on Friday morning at $0.06, and later moved down 30.11% over the session. Greenfields Petroleum (OTC: GEEPF) stock set a new 52-week low of $0.12 on Friday morning, with shares later moving down 66.92%. Nabis Holdings (OTC: NABIF) shares fell to $0.07 on Friday morning, setting a new 52-week low. Shares then moved down 2.3%. Galway Gold (OTC: GAYGF) shares hit a yearly low of $0.07 today morning. The stock was down 5.48% on the session. CellCube Energy Storage (OTC: CECBF) stock moved down 1.36% over Friday's trading session after setting a new 52-week low of $0.04 to open trading. MedMira (OTC: MMIRF) shares began trading with a new 52-week low of $0.0001 on Friday. The stock was down 95.0% for the day. SouthFirst Bancshares (OTC: SZBI) shares began trading with a new 52-week low of $2.05 on Friday. The stock was down 7.14% for the day. Strikepoint Gold (OTC: STKXF) stock hit a yearly low of $0.07 this morning. The stock was down 3.89% for the day. Victory Oilfield Tech (OTC: VYEY) stock moved down 68.75% over Friday's trading session after setting a new 52-week low of $0.25 to open trading. Nutritional High Intl (OTC: SPLIF) shares began trading with a new 52-week low of $0.10 on Friday. The stock was down 0.38% for the day. Community Savings Bancorp (OTC: CCSB) stock fell to a new 52-week low on Friday morning at $12.52, and later moved down 3.85% over the session. MAX Resource (OTC: MXROF) shares moved down 26.75% on Friday's session after setting a new 52-week low of $0.05 to begin trading. Big Blockchain (OTC: BBKCF) shares were down 17.09% over the session, having began the day with a 52-week low of $0.05. Artemis Therapeutics (OTC: ATMS) shares began trading with a new 52-week low of $0.15 on Friday. The stock was down 13.71% for the day. Fortress Global (OTC: FTPLF) stock hit a new 52-week low of $0.09 to begin trading. The stock was down 4.09% on the session. Arctic Star Exploration (OTC: ASDZF) shares moved down 42.72% on Friday's session after setting a new 52-week low of $0.02 to begin trading. Global Cannabis (OTC: FUAPF) stock hit a new 52-week low of $0.03 to begin trading. The stock was down 7.36% on the session. Ritter Pharmaceuticals (NASDAQ: RTTR) stock fell to a new 52-week low on Friday morning at $0.30, and later moved down 70.37% over the session. Defense Metals (OTC: DFMTF) stock hit a new 52-week low of $0.08 to begin trading. The stock was down 9.76% on the session. Vidaroo (OTC: VIDA) shares were down 80.0% over the session, having began the day with a 52-week low of $0.0004. DNI Metals (OTC: DMNKF) shares began trading with a new 52-week low of $0.02 on Friday. The stock was up 5.87% for the day. Dragon Life Science (OTC: NOHO) stock set a new 52-week low of $0.000001 on Friday morning, with shares later moving 0.0% (flat). Novus Robotics (OTC: NRBT) shares hit a yearly low of $0.03 today morning. The stock was down 38.24% on the session. Aeon Global Health (OTC: AGHC) stock fell to a new 52-week low of $0.10 on Friday morning. Shares of the company traded down 16.67% on the day. GTA Financecorp (OTC: GTARF) shares hit a yearly low of $0.0001 today morning. The stock was down 99.41% on the session. Pro Travel Network (OTC: PTVL) stock set a new 52-week low of $0.01 on Friday morning, with shares later moving down 10.0%. Bespoke Extracts (OTC: BSPK) stock fell to a new 52-week low on Friday morning at $0.02, and later moved down 24.7% over the session. QMC Quantum Minerals (OTC: QMCQF) shares moved down 5.79% on Friday's session after setting a new 52-week low of $0.10 to begin trading. Imagination Park (OTC: IPNFF) stock hit a new 52-week low of $0.02 to begin trading. The stock was down 13.99% on the session. Indoor Harvest (OTC: INQD) stock dropped to a yearly low on Friday morning of $0.01. Shares then traded up 5.19%. 4 Less Group (OTC: FLES) shares moved up 6.25% on Friday's session after setting a new 52-week low of $0.0047 to begin trading. Foothills Exploration (OTC: FTXP) shares fell to $0.02 on Friday morning, setting a new 52-week low. Shares then moved down 1.39%. FutureLand (OTC: FUTL) stock hit a yearly low of $0.000001 this morning. The stock was down 99.0% for the day. DarkPulse (OTC: DPLS) shares were 0.0% (flat) over the session, having began the day with a 52-week low of $0.0001. Presidential Realty (OTC: PDNLA) stock hit $0.09 on Friday morning, setting a new 52-week low. The stock traded down 5.5% over the course of the day. 1PM Industries (OTC: OPMZ) stock moved down 99.0% over Friday's trading session after setting a new 52-week low of $0.000001 to open trading. Regen BioPharma (OTC: RGBPP) shares moved up 38.1% on Friday's session after setting a new 52-week low of $0.0016 to begin trading. Byzen Digital (OTC: BYZN) stock fell to a new 52-week low on Friday morning at $0.09, and later moved down 22.37% over the session. Intl Spirits & Wellness (OTC: ISWH) stock hit $0.0004 on Friday morning, setting a new 52-week low. The stock traded 0.0% (flat) over the course of the day. High Performance (OTC: TBEV) shares reached a new 52-week low of $0.000001 on Friday morning, later moving 0.0% (flat) over the rest of the day.