Category: Stock Market News

Billionaire investor David Einhorn’s Greenlight Capital picked up shares of AerCap Holdings , Calpine Corp. , and United States Steel Corp. in the third quarter, while trimming its stake in Apple Inc. , 21st Century Fox and others, according to a regulatory filing on Monday. As of Sept. 30, Greenlight had sold more than 1.66 million shares of Apple, or around 24% of its holding in the iPhone maker. Apple remained the fund’s largest holding at more than 5 million shares, according to Whalewisdom.com, a site that tracks hedge-fund filings. In other moves, Einhorn added nearly 5.6 million shares of Calpine, bringing his stake to more than 11 million shares. He also added 1.37 million shares of AerCap and more than 3 million shares of United States Steel. Einhorn also eliminated his 4.77 million share stake in 21st Century Fox.

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Billionaire investor David Einhorn’s Greenlight Capital picked up shares of AerCap Holdings , Calpine Corp. , and United States Steel Corp. in the third quarter, while trimming its stake in Apple Inc. , 21st Century Fox and others, according to a regulatory filing on Monday. As of Sept. 30, Greenlight had sold more than 1.66 million shares of Apple, or around 24% of its holding in the iPhone maker. Apple remained the fund’s largest holding at more than 5 million shares, according to Whalewisdom.com, a site that tracks hedge-fund filings. In other moves, Einhorn added nearly 5.6 million shares of Calpine, bringing his stake to more than 11 million shares. He also added 1.37 million shares of AerCap and more than 3 million shares of United States Steel. Einhorn also eliminated his 4.77 million share stake in 21st Century Fox.

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Trivago, a German global hotel search platform, filed to go public in the U.S. Monday. The company proposed selling American depositary shares, a portion of which will be sold by the company and another by certain shareholders.The shares represent class A shares of travel B.V., the company’s affiliate. A The price range and number of shares are not yet determined. The company plans to list the shares on the Nasdaq Global Select Market under the symbol “TRVG.” J.P. Morgan Securities, Goldman, Sachs & Co. and Morgan Stanley & Co. are acting as lead underwriters.

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Shares of Advance Auto Parts Inc. rose more than 8% late Monday after the retailer reported third-quarter sales in line with expectations and higher-than-expected per-share gains. The company reported operating income of $194 million, or $1.53 a share, in the quarter, compared with $206 million, or $1.63 a share, a year ago. Adjusted for one-time items, Advance Auto Parts said it earned $1.73 a share, down from $1.95 a share a year ago. Sales reached $2.25 billion in the quarter, from $2.30 billion a year ago. Analysts polled by FactSet had expected Advance Auto Parts to earn an adjusted $1.71 a share on sales of $2.2 billion. Shares had ended the regular trading day down 1.5%.

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Shares of Zoe’s Kitchen Inc. fell 2.7% late Monday after the fast-casual restaurant chain reported third-quarter sales below Wall Street expectations. Zoe’s said it lost $300,000, or 2 cents a share, in the quarter, compared with a loss of $2.3 million, or 12 cents a share, in the year-ago period. Sales rose 19% to $67.3 million in the quarter, from $56.4 million a year ago. Adjusted for one-time items, Zoe’s Kitchen said it earned $700,000, or 4 cents a share, in the quarter, compared with $900,000, or 5 cents a share, a year ago. Analysts polled by FactSet had expected adjusted earnings of 4 cents a share on sales of $68.1 million. Comparable-restaurant sales rose 2.4%, Zoe’s Kitchen said. Shares had ended the regular trading day up 0.8%.

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U.S. stocks closed mostly flat on Monday, as the market’s recent upward momentum appeared to stall as investors sought more clarity on the policy proposals of president-elect Donald Trump. Major indexes are coming off a strong period of gains – last week was the Dow’s strongest since 2011 – that has persisted since the unexpected result of the presidential election. While equities have broadly risen, there has been a big divergence in the performance of specific sectors. Financial stocks have surged while technology has struggled, a trend that persisted on Monday. The Dow Jones Industrial Average [S: DJIA] rose 21.58 points, or 0.1%, to another record closing high of 18,869.24, with financial shares like Goldman Sachs [S: GS] supporting the blue-chip index. The S&P 500 [S: SPX] ended down 0.22 point to close at 2,164.22, essentially unchanged on the day. The Nasdaq Composite Index [S: COMP] fell 18.72 points to close at 5,218.4, a move of 0.4%, with technology stocks again among the biggest decliners of the day.

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Natural-gas futures jumped 5% Monday, with the front-month contract settling at its highest level in a week as traders bet that the winter season will soon boost demand and help draw down the record level of U.S. inventories. Oil futures, meanwhile, pared some of their earlier losses, but still finished at their lowest level since mid-September amid continued doubts over an output deal among major producers. December natural gas rose 13 cents, or 5%, to settle at $2.749 per million British thermal units. December crude lost 9 cents, 0.2%, to settle at $43.32 a barrel.

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Prominent news broadcaster Gwen Ifill has died after a battle with cancer, according to multiple reports. She was 61. The co-host of “PBS Newshour” died at a hospice center near Washington. D.C., according to the Washington Post. Paula Kerger, president and CEO of PBS, said Ifill was “a fundamental reason public media is considered a trusted window on the world.”

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Oil production from seven major U.S. shale plays is forecast to decline by 20,000 barrels a day to 4.498 million barrels a day in December from November, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is expected to see oil output fall by 33,000 barrels a day. However, output from the Permian Basin, which covers parts of western Texas and southeastern New Mexico, is expected to climb by 27,000 barrels a day. Just ahead of the day’s settlement, December West Texas Intermediate oil traded at $43.53 a barrel, up 12 cents, or 0.3%, on the New York Mercantile Exchange.

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Gold futures settled Monday at their lowest level since early June, pressured by the U.S. dollar index’s climb to its highest level in about a year. Prices for the yellow metal, however, pared much of their earlier losses, with prices finding some support after falling over the previous five sessions in a row and suffering from their largest weekly decline in over three years. December gold fell $2.60, or 0.2%, to settle at $1,221.70 an ounce.

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