Hot Stocks Of The Day: AMD, BWEN, GENZ, MON, SNWL, CTRP
Tuesday, July 06, 2021 11:37 AM

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US stocks rallied on Tuesday as investors scooped up beaten-down shares of technology and financial companies. 

Below we highlight few companies whose shares are actively trading in Tuesday's session.

AMD (NYSE: AMD): The Semiconductor Industry Association said Tuesday that worldwide sales of semiconductors rose 47.6 percent in May to $24.7 billion from a year earlier. Sales increased 4.5 percent in May from the previous month. AMD shares rose nearly 2.3% in morning trading.

Broadwind Energy, Inc. (NASDAQ: BWEN): Shares of the company soared as much as 28% on Tuesday after it announced thatit has won a contract from Gamesa Technology Corp., a wholly owned U.S. subsidiary of Spain-based wind turbine manufacturer Gamesa Corporacion Tecnologica, to supply structural wind towers for wind sites in the United States for installation in the second half of 2010.

Genzyme Corp. (NASDAQ: GENZ): Shares of the biotechnology company plunged more than 2% on Tuesday after the European Medicines Agency said Tuesday shortages of Genzyme Corp.'s Fabry disease medicine Fabrazyme will continue until the end of the year. The agency asked doctors to consider switching patients to Replagal, a rival medicine made by Shire PLC.

Monsanto Co. (NASDAQ: MON): Shares of the world's largest seed company fell nearly 2% on Tuesday after Court of Justice of the European Union ruled that Monsanto cannot stop Argentine farmers from marketing in the EU of soy meal containing, in a residual state, a DNA sequence patented by the company. "Monsanto cannot prohibit the marketing in the EU of soymeal containing in a residual state a DNA sequence patented by it," the European Court of Justice said in a press statement.

SonicWall Inc.(NASDAQ: SNWL): The network security technology provider said Tuesday that a privately held competitor described by the company as Strategic Party D,", which had submitted a non-binding proposal to acquire all of the outstanding shares of SonicWALL for $12.00 per share in cash, no longer intend to pursue an acquisition of SonicWALL. The company said that is still recommending that its shareholders approve merger agreement with a group of investors led by private equity firm Thoma Bravo LLC. The New York-based private equity firm has offered to acquire the company for $11.50 a share, or about $717 million. SonicWall shares slumped 3.23% to $11.40 in morning trading.

Ctrip.com International Ltd. (NASDAQ: CTRP): Shares of the Chinese online travel agent sank 17.63% to $6.71 on Tuesday, a day after major domestic airliners partially cut commissions for air ticketing agents.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • Consumers spend and earn more, layoffs slow Nov 24, 2021 09:42 AM

    • WASHINGTON - Americans earned more and spent more last month, and the number of people applying for unemployment benefits dropped last week to the lowest level in more than two years.
    • "The flurry of U.S. data this morning suggests that households have started to pickup the baton of growth from businesses," said Paul Dales, U.S. economist at Capital Economics.
    • Consumers boosted their spending 0.4 percent in October, the Commerce Department said Wednesday.
      • Americans boost spending as incomes grow Nov 24, 2021 08:43 AM

        • WASHINGTON - Americans earned more and spent more last month, a hopeful sign for the economy ahead of the holiday buying season.
        • People showed a slightly bigger appetite to spend because their incomes rose 0.5 percent, reflecting a slowly healing jobs market.
        • The increases in both income and spending last month were the most since August.
          • AP-Gfk Poll: Consumers feel less angst from debt Nov 24, 2021 07:58 AM

            • WASHINGTON - Debt isn't stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.
            • Deep into a stubbornly harsh economic downturn, more people than last year say they pay off their balances right away, and fewer say they make credit card purchases if they lack enough money at the time.
            • In addition, 52 percent said they seldom or never worry about their financial liabilities, about the same as last year but the first time more than half said so since an AP poll first asked that question in 2004.
              • Me want 'SNL'! Cookie Monster auditions on YouTube Nov 24, 2021 07:58 AM

                • NEW YORK - Me want "Saturday Night Live!"
                • "Sesame Street" posted the video Wednesday on YouTube and Facebook.
                • Introducing the tape, Cookie Monster says he wants to "branch out beyond me cookie-eating career."
                  • Death toll in Cambodian stampede could be over 400 Nov 24, 2021 07:37 AM

                    • PHNOM PENH, Cambodia - A government ministry says the death toll in a stampede at a festival in the Cambodian capital could be as high as 456.
                    • Information Minister Khieu Kanharith said Wednesday the official death toll was 351 dead with 395 injured.
                    • PHNOM PENH, Cambodia (AP) - A swaying bridge loaded with thousands of people sparked mass panic and set off a raging stampede that killed more than 350 people in Cambodia's capital, according to a government investigation.

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