Successful online stock trading depends not just on the efficiency of the trading software, but also on how closely you follow the markets. Let’s look at how the stock market fared in the first week of July.
Omnova Solutions Inc ($OMN) got a Strong Buy rating on TradingView.com after it soared 54.36% to $9.91. The chemical manufacturing company managed to subdue its quarterly results that were below expectations, with the news of its agreement to be taken over by British company Synthomer in a $455.2 million deal. Till then, Omnova’s shares were heading downward.
Karyopharm Therapeutics Inc ($KPTI) rose 36.03% to $8.90 for a Strong Buy rating. The stock benefited from FDA’s approval of the pioneering nuclear export inhibitor, XPOVIO, developed by the company. One Stop Systems Inc ($OSS) rose 26.06% to $2.08 for a Buy. Corvus Pharmaceuticals Inc ($CRVS) was rated a Buy after it rose 25.50% to $6.30. In the S&P 500, Symantec Corp ($SYMC) had a 13.57% rise to $25.10. Jefferies Financial Group Inc ($JEF) rose 6.42% to $20.72. Kellogg Co ($K) had a 6.30% rise to $56.67.
HF Foods Group ($HFFG) had a 21.83% drop to $18.80, while Usana Health Sciences Inc ($USNA) sank 19.45% to $61.80. Akerna Corp ($KERN) had a 17.89% dip to $15.01. In the S&P 500, Electronic Arts Inc ($EA) had a 4.49% dip to $98.11. Broadcom Inc ($AVGO) sunk 3.54% to $284.89. Royal Caribbean Cruises Ltd ($RCL) also sank 2.10% to $116.54. Another stock in the shipping cruise travel industry also suffered a dip. Norwegian Cruise Line Holdings Ltd ($NCLH) sunk 1.81% to $52.76. The restrictions imposed on travel to Cuba are expected to affect the company’s profits, and those of other cruise services too.
Market ebbs and flows are a common occurrence in stock trading. It is important, though, that you are prepared for the changes and don’t take any knee-jerk reactions.
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