• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

Trending Tickers: AAPL, TPUB, GCI, PRGO

U.S. indices were facing pressure from oil headwinds as earnings season continues.
By TONY OWUSU
Apr 25, 2016 | 01:20 PM EDT
Stocks quotes in this article: AAPL, XOM, TPUB, GCI, XRX

U.S. indices were in the red across the board Monday as falling crude prices caused markets around the globe to sputter at the start of the week.

The S&P 500 and Nasdaq were both down 0.5% midday while the Dow Jones Industrial Average was 0.6% lower. Asian and European stocks didn't fare much better, with the Hang Seng and Nikkei indices both closing trading down 0.8% and the Shanghai Composite falling 0.4%. European stocks were also feeling the crude headwinds, with the FTSE and Dax both falling 0.8% and the CAC 40 dropping 0.5%.

Crude futures were moving lower Monday as traders took profits from last week's strong showing and markets expressed concerns about the potential impact Saudi Arabia's proposed economic reform plan could have on global crude supplies.

While crude stocks were headed lower in conjunction with the commodity, the trading volume for those stocks was relatively weak. Exxon Mobil (XOM) was down 0.8%, ConocoPhillips (COP) was declining 2.5% and BP (BP) shares were down 1.5% midday.

Perrigo (PRGO) shares were tanking nearly 16% midday after the company's board of directors waived the non-compete clause in former CEO Joseph Papa's contract, allowing him to take over as CEO of Valeant Pharmaceuticals (VRX). Perrigo named former president John Hendrickson as its new CEO. Valeant shares rose 1% on heavy volume following the news.

Shares of newspaper owner Tribune Publishing (TPUB) spiked nearly 60% Monday after the company received an $815 million acquisition bid from Gannett (GCI). Gannett owns over 100 media properties across the country including USA Today, while Tribune owns several newspapers across the country including the LA Times and Chicago Tribune. Gannett offered Tribune $12.25 per share in cash, a 63% premium over Tribune's closing price on Friday.

Shares of Xerox (XRX) were declining 12% following the release of its latest quarterly results. The company missed analysts' bottom-line expectations of $0.23 per share by a penny, while also lowering its full-year EPS expectations to between $0.45 and $0.55 from its previous view of between $0.66 and $0.76.  

Finally, shares of Action Alerts PLUS holding Apple (AAPL) were down 0.5% ahead of the release of the company's fiscal second-quarter earnings results after the closing bell tomorrow. Analysts on average are expecting the company to report EPS of $2, a 14% decline from the $2.33 it earned in the year-ago period. Revenue is expected to fall 10.4%, year over year, to $51.9 billion from $58.01 billion.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from owning individual securities.

TAGS: Investing | U.S. Equity | Stocks

More from Stocks

Bearish Bets: 2 Nasdaq Stocks You Should Consider Shorting This Week

Bob Lang
Jan 17, 2021 12:05 PM EST

These names are displaying technical deterioration.

KushCo Sprinkles Some Gems on Its Earnings Call

Debra Borchardt
Jan 17, 2021 8:15 AM EST

The cannabis packaging company is looking at Arizona and New Jersey as new markets for growth.

When it Comes Time to Sell, Will You Act or Will You Freeze?

James "Rev Shark" DePorre
Jan 16, 2021 10:00 AM EST

Why don't more people embrace the ease and power of selling stocks? Why do they freeze and do nothing as losses build?

Hungry Traders and Stock Opportunities Aren't Likely to Go Away Soon

James "Rev Shark" DePorre
Jan 15, 2021 4:40 PM EST

It doesn't take much time for stocks with strong momentum to reset and continue on their way.

At What Price Is Ballard Power Systems a Buy?

Bruce Kamich
Jan 15, 2021 3:09 PM EST

Let's check out the latest charts of BLDP.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:01 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    When it's time to sell, will you act or freeze?
  • 08:35 AM EST GARY BERMAN

    Wednesday Morning Fibocall for 1/13/2021

    Lower highs... SPX (Long-Term View) The 1/8/2...
  • 08:07 AM EST GARY BERMAN

    Tuesday Morning Fibocall for 1/12/2021

    Watch if the recent trend of lower highs continues...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login