Markets Surge to Post Largest Daily Gain in Over Two Weeks – Latest Updates on APOL, BHI, SYY and WYNN
New York, New York – May 3rd, 2016 – Markets rallied Monday after both the Dow Jones Industrial Average and the S&P 500 Index fell 1.3 percent last week, the largest weekly decline since February. On Monday, the Dow jones gained 0.66 percent to close at 17,891.16, while the S&P 500 rose 0.78 percent to close at 2,081.43.
Data released Monday from the Institute for Supply Management (ISM) showed U.S. manufacturing expanded for the second consecutive month. ISM’s index of manufacturing fell to 50.8 in April from 51.8 the previous month. A reading above 50 signals expansion in the manufacturing sector, while a reading below 50 signals contraction.
Here are Monday’s Stocks to Watch:
Apollo Education Group Inc. (NASDAQ: APOL) shares spiked 12.44 percent to close at $8.77 a share Monday. The stock traded between $8.33 and $8.80 on volume of 3.99 million shares traded. The company has received a revised acquisition offer of $1.14 billion, or $10.00 per share, from a consortium of investors, including Apollo Global. Shares of Apollo Education Group have gained approximately 14.0 percent year-to-date and are up roughly 8.0 percent in the past month.
Find out more about Apollo Education Group including full access to the equity report at:
Baker Hughes Inc. (NYSE: BHI) shares declined 2.13 percent to close at $47.40 a share Monday. The stock traded between $45.93 and $50.76 on volume of 13.23 million shares traded. The Justice Department has called off the previously announced of Baker Hughes and Halliburton due to antitrust concerns. Shares of Baker Hughes have gained approximately 3.0 percent year-to-date and are up roughly 10.0 percent in the past month.
Find out more about Baker Hughes including full access to the equity report at:
SYSCO Corporation (NYSE: SYY) shares gained 5.42 percent to close at $48.59 a share Monday. The stock traded between $46.79 and $48.65 on volume of 7.71 million shares traded. The company reported earnings were $217.1 million, or $0.38 a share, for the third quarter of fiscal 2016, compared $177 million, or $0.30 a share, a year ago. Shares of SYSCO have gained approximately 18.0 percent year-to-date and are up roughly 3.0 percent in the past month.
Find out more about SYSCO including full access to the equity report at:
Wynn Resorts, Limited (NASDAQ: WYNN) shares jumped 6.77 percent to close at $94.28 a share Monday. The stock traded between $90.77 and $94.49 on volume of 4.26 million shares traded. The company expects net revenues from its Las Vegas operations to be in the range of $603 million to $613 million for the first quarter of 2016, compared to $705.4 million a year ago. Shares of Wynn Resorts have gained approximately 36.0 percent year-to-date and are down roughly 1.0 percent in the past month.
Find out more about Wynn Resorts including full access to the equity report at:
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