Market Outlook for Monday, January 20, 2020

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News - "Mid-Afternoon Market Update: Dow Edges Lower; Aethlon Medical Shares Plunge"

Toward the end of trading Friday, the Dow traded down 0.02% to 29,295 while the NASDAQ rose 0.03% to 9,359.70. The S&P also rose, gaining 0.17% to 3,322.50.

Leading and Lagging Sectors

Utilities shares climbed 0.7% on Friday. Meanwhile, top gainers in the sector included Empresa Distribuidora y Comercializadora Norte Sociedad Anonima (NYSE: EDN), up 5%, and Pampa Energia S.A. (NYSE: PAM), up 6%.

In trading on Friday, energy shares fell 0.8%.

Top Headline

Schlumberger Limited (NYSE: SLB) reported better-than-expected earnings for its fourth quarter.

Schlumberger reported fourth-quarter earnings of $0.39 per share, beating the Street estimate of $0.37 per share. The company reported quarterly sales of $8.2 billion, beating the Street estimate of $8.15 billion.


Equities Trading UP

iMedia Brands, Inc. (NASDAQ: IMBI) shares shot up 38% to $4.35 after the company reported the launch of Shaquille O'Neal's Invicta collection on ShopHQ.

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) got a boost, shooting up 12% to $46.77 following news of a new stake by KKR. The firm showed a 6.3% stake in the company.

Kirkland's, Inc. (NASDAQ: KIRK) shares were also up, gaining 24% to $1.57 after the company announced it plans to close 27 stores in early 2020 to reduce expenses. The company appointed Woody Woodward as CEO.


Equities Trading DOWN

Aethlon Medical, Inc. (NASDAQ: AEMD) shares tumbled 26% to $2.0420 after the company reported a 1.885 million share common stock offering at $2 per share.

Shares of MGP Ingredients, Inc. (NASDAQ: MGPI) were down 27% to $38.60 after the company issued FY19 EPS and sales guidance below analyst estimates. SunTrust Robinson Humphrey downgraded the stock from Buy to Hold and lowered the price target from $80 to $55 per share.

Coeur Mining, Inc. (NYSE: CDE) was down, falling 17% to $5.86 after the company late Thursday reported its Q4 and FY19 production results. Gold output met guidance but silver output was below.

Commodities


In commodity news, oil traded up 0.1% to $58.57, while gold traded up 0.7% to $1,560.60.

Silver traded up 0.8% Friday to $18.08, while copper fell 0.1% to $2.8465.

Euro zone

European shares closed higher today. The eurozone’s STOXX 600 gained 0.96%, the Spanish Ibex Index rose 1.14%, while Italy’s FTSE MIB Index rose 0.84% Meanwhile, the German DAX gained 0.72%, and the French CAC 40 rose 1.02% while UK shares rose 0.85%.

Economics

U.S. housing starts rose 16.9% for December to an annual rate of 1.608 million units. Building permits slipped 3.9% to an annual rate of 1.416 million in December.

U.S. industrial production fell 0.3% in December, versus a revised 0.8% rise in November.

The University of Michigan's consumer sentiment index fell to 99.1 in January, versus a reading of 99.3 in the previous month.

U.S. job openings slipped to 6.9 million in November, versus 7.36 million in the previous month, the Labor Department reported.

The total number of active U.S. oil rigs increased by 14 to 673 rigs this week, Baker Hughes Inc reported..

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Today's Economic Events
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Movers & Shakers - "83 Software—Infrastructure Stocks Moving In Friday's Session"
Gainers
    Bridgeline Digital, Inc. (NASDAQ:BLIN) stock increased by 8.5% to $1.66 during Friday's regular session. Priority Tech Holdings, Inc. (NASDAQ:PRTH) shares rose 7.6% to $3.25. Safe-T Group, Inc. (NASDAQ:SFET) shares increased by 5.7% to $3.14. Taoping, Inc. (NASDAQ:TAOP) shares increased by 2.4% to $0.80. BlackLine, Inc. (NASDAQ:BL) stock surged 1.9% to $63.07. The most recent rating by Oppenheimer, on January 17, is at Outperform, with a price target of $75.00. SolarWinds, Inc. (NYSE:SWI) shares moved upwards by 1.2% to $18.79. The most recent rating by Barclays, on January 10, is at Underweight, with a price target of $17.00. Synopsys, Inc. (NASDAQ:SNPS) shares increased by 1.2% to $151.43. The most recent rating by KeyBanc, on January 10, is at Overweight, with a price target of $160.00. Limelight Networks, Inc. (NASDAQ:LLNW) shares rose 1.1% to $5.34. i3 Verticals, Inc. (NASDAQ:IIIV) shares moved upwards by 1.1% to $31.73. Micro Focus Intl, Inc. (NYSE:MFGP) stock surged 1.0% to $14.65. CYREN, Inc. (NASDAQ:CYRN) shares rose 1.0% to $1.26. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares rose 0.9% to $62.82. The most recent rating by PiperJaffray, on December 10, is at Overweight, with a price target of $70.00. Repay Holdings, Inc. (NASDAQ:RPAY) shares increased by 0.9% to $15.93. The most recent rating by Cantor Fitzgerald, on January 17, is at Overweight, with a price target of $18.00. Adobe, Inc. (NASDAQ:ADBE) shares surged 0.8% to $348.32. The most recent rating by Oppenheimer, on January 17, is at Outperform, with a price target of $410.00. Yext, Inc. (NYSE:YEXT) stock moved upwards by 0.8% to $15.48. The most recent rating by SunTrust Robinson Humphrey, on December 06, is at Buy, with a price target of $28.00. SailPoint Technologies, Inc. (NYSE:SAIL) shares surged 0.8% to $25.69. The most recent rating by DA Davidson, on January 14, is at Neutral, with a price target of $24.00. Euronet Worldwide, Inc. (NASDAQ:EEFT) shares increased by 0.7% to $163.99. The most recent rating by DA Davidson, on December 19, is at Buy, with a price target of $180.00. International Money, Inc. (NASDAQ:IMXI) stock moved upwards by 0.7% to $12.39. According to the most recent rating by JMP Securities, on January 16, the current rating is at Market Perform. GDS Holdings, Inc. (NASDAQ:GDS) shares rose 0.7% to $55.20. The most recent rating by RBC Capital, on November 18, is at Outperform, with a price target of $62.00. Usio, Inc. (NASDAQ:USIO) shares surged 0.7% to $1.73. GreenSky, Inc. (NASDAQ:GSKY) stock increased by 0.7% to $9.20. Evertec, Inc. (NYSE:EVTC) stock moved upwards by 0.6% to $34.38. WEX, Inc. (NYSE:WEX) stock rose 0.6% to $225.73. The most recent rating by Deutsche Bank, on December 16, is at Buy, with a price target of $250.00. Amdocs, Inc. (NASDAQ:DOX) stock increased by 0.6% to $74.44. The most recent rating by Citigroup, on January 15, is at Buy, with a price target of $83.00. Five9, Inc. (NASDAQ:FIVN) shares increased by 0.6% to $73.74. The most recent rating by Morgan Stanley, on January 13, is at Equal-Weight, with a price target of $72.00. NortonLifeLock, Inc. (NASDAQ:NLOK) shares moved upwards by 0.4% to $28.00. The most recent rating by Barclays, on January 06, is at Overweight, with a price target of $32.00. Microsoft, Inc. (NASDAQ:MSFT) shares moved upwards by 0.2% to $166.52. The most recent rating by Wells Fargo, on January 16, is at Overweight, with a price target of $185.00. Altair Engineering, Inc. (NASDAQ:ALTR) shares moved upwards by 0.2% to $39.27. The most recent rating by Needham, on January 17, is at Buy, with a price target of $44.00. Qualys, Inc. (NASDAQ:QLYS) stock increased by 0.2% to $85.49. Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) stock moved upwards by 0.1% to $3.77. VeriSign, Inc. (NASDAQ:VRSN) shares surged 0.1% to $213.76. Fleetcor Technologies, Inc. (NYSE:FLT) stock increased by 0.1% to $309.30. The most recent rating by Deutsche Bank, on December 16, is at Buy, with a price target of $362.00.

 

Losers
    Internap, Inc. (NASDAQ:INAP) stock declined 13.0% to close at $1.14 during Friday's regular session. Datasea, Inc. (NASDAQ:DTSS) shares declined 4.2% to close at $2.05. Opera, Inc. (NASDAQ:OPRA) shares plummeted 3.8% to close at $7.05. Net Element, Inc. (NASDAQ:NETE) shares fell 3.2% to close at $3.60. Zscaler, Inc. (NASDAQ:ZS) shares fell 3.0% to close at $59.96. The most recent rating by PiperJaffray, on December 10, is at Neutral, with a price target of $55.00. Zix, Inc. (NASDAQ:ZIXI) shares decreased by 2.7% to close at $7.82. The most recent rating by Wedbush, on November 08, is at Outperform, with a price target of $10.00. Okta, Inc. (NASDAQ:OKTA) shares plummeted 2.5% to close at $125.20. The most recent rating by Morgan Stanley, on January 13, is at Equal-Weight, with a price target of $137.00. New Relic, Inc. (NYSE:NEWR) shares fell 2.4% to close at $70.66. The most recent rating by SunTrust Robinson Humphrey, on January 14, is at Buy, with a price target of $85.00. SPS Commerce, Inc. (NASDAQ:SPSC) stock decreased by 2.0% to close at $57.25. According to the most recent rating by Oppenheimer, on January 17, the current rating is at Perform. Nutanix, Inc. (NASDAQ:NTNX) stock declined 2.0% to close at $35.17. The most recent rating by Wells Fargo, on November 26, is at Market Perform, with a price target of $38.00. Proofpoint, Inc. (NASDAQ:PFPT) stock fell 1.9% to close at $122.93. The most recent rating by DA Davidson, on January 14, is at Buy, with a price target of $140.00. Endava, Inc. (NYSE:DAVA) shares declined 1.9% to close at $45.13. The most recent rating by Citigroup, on January 15, is at Neutral, with a price target of $50.00. Ping Identity Holding, Inc. (NYSE:PING) stock declined 1.9% to close at $25.53. The most recent rating by Wells Fargo, on January 16, is at Overweight, with a price target of $32.50. Splunk, Inc. (NASDAQ:SPLK) stock plummeted 1.5% to close at $157.87. The most recent rating by Wells Fargo, on January 16, is at Overweight, with a price target of $200.00. BlackBerry, Inc. (NYSE:BB) shares declined 1.5% to close at $6.71. According to the most recent rating by Bank of America, on November 04, the current rating is at Neutral. Box, Inc. (NYSE:BOX) stock fell 1.5% to close at $16.36. The most recent rating by Canaccord Genuity, on November 27, is at Hold, with a price target of $18.00. Varonis Systems, Inc. (NASDAQ:VRNS) stock plummeted 1.4% to close at $85.97. The most recent rating by Morgan Stanley, on January 13, is at Overweight, with a price target of $97.00. Tufin Software, Inc. (NYSE:TUFN) stock fell 1.4% to close at $14.65. The most recent rating by Piper Sandler, on January 09, is at Neutral, with a price target of $16.00. Appian, Inc. (NASDAQ:APPN) shares plummeted 1.3% to close at $53.39. The most recent rating by Needham, on January 10, is at Buy, with a price target of $49.00. ACI Worldwide, Inc. (NASDAQ:ACIW) stock fell 1.3% to close at $37.42. The most recent rating by Canaccord Genuity, on December 19, is at Buy, with a price target of $44.00. Zuora, Inc. (NYSE:ZUO) shares decreased by 1.2% to close at $15.46. According to the most recent rating by First Analysis, on January 15, the current rating is at Outperform. Wix.com, Inc. (NASDAQ:WIX) shares plummeted 1.2% to close at $140.91. The most recent rating by Barclays, on November 15, is at Overweight, with a price target of $145.00. F5 Networks, Inc. (NASDAQ:FFIV) shares decreased by 1.2% to close at $137.00. The most recent rating by Cowen & Co., on December 20, is at Outperform, with a price target of $169.00. Cloudflare, Inc. (NYSE:NET) stock fell 1.2% to close at $18.71. The most recent rating by Baird, on January 10, is at Outperform, with a price target of $22.00. MongoDB, Inc. (NASDAQ:MDB) stock declined 1.1% to close at $150.24. The most recent rating by Morgan Stanley, on January 13, is at Equal-Weight, with a price target of $171.00. Fortinet, Inc. (NASDAQ:FTNT) stock declined 1.1% to close at $117.80. The most recent rating by DA Davidson, on January 14, is at Buy, with a price target of $130.00. Tucows, Inc. (NASDAQ:TCX) shares plummeted 1.1% to close at $65.48. A10 Networks, Inc. (NYSE:ATEN) shares declined 1.0% to close at $7.14. The most recent rating by BWS Financial, on December 16, is at Buy, with a price target of $9.50. Bandwidth, Inc. (NASDAQ:BAND) shares decreased by 0.9% to close at $71.22. The most recent rating by KeyBanc, on January 13, is at Overweight, with a price target of $76.00. Tenable Holdings, Inc. (NASDAQ:TENB) stock fell 0.9% to close at $26.62. According to the most recent rating by JP Morgan, on October 30, the current rating is at Overweight. Finjan Holdings, Inc. (NASDAQ:FNJN) shares decreased by 0.9% to close at $2.31. SecureWorks, Inc. (NASDAQ:SCWX) stock decreased by 0.8% to close at $16.36. The most recent rating by Goldman Sachs, on November 12, is at Sell, with a price target of $12.00. Oracle, Inc. (NYSE:ORCL) shares decreased by 0.7% to close at $55.05. The most recent rating by Nomura, on December 16, is at Reduce, with a price target of $41.00. EVO Payments, Inc. (NASDAQ:EVOP) stock decreased by 0.6% to close at $28.50. The most recent rating by BTIG, on January 06, is at Buy, with a price target of $32.00. Palo Alto Networks, Inc. (NYSE:PANW) shares decreased by 0.6% to close at $241.91. According to the most recent rating by First Analysis, on January 14, the current rating is at Outperform. NetScout Systems, Inc. (NASDAQ:NTCT) stock declined 0.6% to close at $25.52. Akamai Technologies, Inc. (NASDAQ:AKAM) stock fell 0.6% to close at $95.30. The most recent rating by Morgan Stanley, on January 13, is at Overweight, with a price target of $111.00. FireEye, Inc. (NASDAQ:FEYE) stock declined 0.5% to close at $17.28. According to the most recent rating by Bank of America, on January 08, the current rating is at Neutral. CSG Systems International, Inc. (NASDAQ:CSGS) stock decreased by 0.5% to close at $51.33. Synacor, Inc. (NASDAQ:SYNC) shares decreased by 0.5% to close at $1.64. J2 Global, Inc. (NASDAQ:JCOM) stock decreased by 0.5% to close at $102.64. The most recent rating by DA Davidson, on January 08, is at Buy, with a price target of $115.00. Veritone, Inc. (NASDAQ:VERI) stock plummeted 0.4% to close at $2.48. The most recent rating by Craig-Hallum, on November 07, is at Hold, with a price target of $3.00. Anaplan, Inc. (NYSE:PLAN) shares declined 0.4% to close at $56.79. The most recent rating by Morgan Stanley, on November 22, is at Equal-Weight, with a price target of $54.00. Verint Systems, Inc. (NASDAQ:VRNT) stock fell 0.4% to close at $58.36. The most recent rating by Needham, on January 16, is at Buy, with a price target of $67.00. CyberArk Software, Inc. (NASDAQ:CYBR) shares fell 0.3% to close at $140.04. According to the most recent rating by First Analysis, on January 14, the current rating is at Outperform. Talend, Inc. (NASDAQ:TLND) shares decreased by 0.3% to close at $40.01. VMware, Inc. (NYSE:VMW) stock decreased by 0.2% to close at $151.89. The most recent rating by Morgan Stanley, on January 13, is at Equal-Weight, with a price target of $175.00. Radware, Inc. (NASDAQ:RDWR) stock plummeted 0.1% to close at $25.93. PagSeguro Digital, Inc. (NYSE:PAGS) shares plummeted 0.1% to close at $36.16. The most recent rating by JP Morgan, on November 26, is at Neutral, with a price target of $39.00. Mimecast, Inc. (NASDAQ:MIME) stock decreased by 0.1% to close at $49.98. The most recent rating by Barclays, on November 08, is at Overweight, with a price target of $50.00. Bottomline Technologies, Inc. (NASDAQ:EPAY) shares declined 0.1% to close at $54.35. The most recent rating by DA Davidson, on January 02, is at Neutral, with a price target of $46.00.