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Netflix Inc. stock closed at a record $707.64 on Monday, just two days before the company is set to execute a 7-for-1 stock split and report its second-quarter earnings. Shares of Netflix rose 4.3% to as high as $716.16 during the session, setting a new intraday high. Netflix’s previous record close was $681.19, back in June. The stock has more than doubled in the year-to-date, up 107%, while the S&P is up 2%. Netflix will report after the bell on Wednesday.

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From:: Stock Market News

Shares of Anacor Pharmaceuticals Inc. soared by nearly 60% at one point Monday after the company announced pre-market that Phase 3 studies of its Crisaborole Topical Ointment achieved significant results for the treatment of atopic dermatitis, commonly known as eczema, in children and adults. The company said roughly half the patients treated twice a day with the ointment met secondary endpoints within 29 days. Anacor conducted two studies involving roughly 750 patients each. A third of the patients in the study were treated with medications other than Chrisaborole. Eczema affects roughly 18 million to 25 million people in the U.S., the company says. Shares of Palo Alto, Calif.-based Anacor were up more than 56% in recent action to $132.08, a gain of $47.47 per share.

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From:: Stock Market News

Oil production from seven major U.S. shale plays is expected to fall by 91,000 barrels a day in August from July, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is forecast to see the biggest decline, down 55,000 barrels a day in August, as the Bakken shale play, which stretches from Canada into North Dakota and Montana, is expected to see output fall by 22,000 barrels a day, the report said. Oil prices fell Monday, with August oil settling at $52.20 a barrel, down 54 cents, or 1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) – The federal government ran a budget surplus of $52 billion in June, the Treasury Department said Monday. That is $19 billion lower than the surplus seen in the same month a year ago. The government spent $291 billion in June, up $38 billion from last June. Total receipts were $343 billion, up $19 billion. For the fiscal year to date, the government’s budget deficit is $313 billion. That is $52 billion smaller than the year-ago period. The government’s budget year runs from October through September.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

By Rachel Jefferson

To be successful on social media, you need to build up a strong following and write clear, compelling content. In a recent article from Inman titled “5 Methods to Tweet Your Way to Online Real Estate Success,” Digital Marketer Lucie Simpson shares examples of using Twitter right. It’s an essential tool for property managers in connecting with current customers and forming new relationships in your industry.

Get all the tips.

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From:: Property Management

Analysts at Cantor Fizgerald initiated coverage of PayPal Holdings Inc. with a $45 price target on Monday. The company is set to split from eBay Inc. and will begin trading on July 20. Cantor Fitzgerald analyst Youssef Squali wrote that PayPal’s large addressable market online and offline, plus its strong brand make its shares compelling. He said he expects mid-teens growth in payment volume over the next three-to-five years. Squali said he expects PayPal to garner more than $280 billion in total payable volume with about $9 billion in revenue for 2015. PayPal already holds about a 10% share of the e-commerce payment market, which Squali says is a significant portion. Ebay will report its 2015 second-quarter earnings on Thursday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. Treasury Secretary Jack Lew on Monday called a European agreement to bail out a financially strapped Greece for the third time in five years “an import step forward” that is in the “best interests” of the global economy. Lew said the agreement would require difficult steps but that the U.S. will stay “engaged with all parties” to help ensure its success.

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From:: Stock Market News

Netflix Inc. stock reached a new intraday high of $711.15 during mid-morning trade on Monday. The stock was trading up 4.4% ahead of the company’s 2015 second-quarter earnings report on Wednesday and a 7-for-1 stock split the same day. The stock has more than doubled in the year-to-date, up 108%. If it holds these levels, Netflix is on track to beat its previous record close of $681.19.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of Apple Inc. rose on Monday after an analyst at Cantor Fitzgerald reiterated his buy rating on the stock. “Although we believe further weakness in China’s stock market could take away some of the ‘bling’ purchases of iPhones, we do not believe this will change the positive momentum for Apple,” said Brian White in a note. He projected further growth in China for Apple with 15% to 20% of Chinese subscribers likely to be candidates for high-end phones in the next five years. The analyst also said Apple is in the midst of a “transformational super cycle” but its prospects are as bright as ever. Apple shares gained 1.2% to $124.69, up for a second session in a row. The stock fell 2.5% last week, its worst weekly decline since middle of January. White’s 12-month price target for Apple is $195.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Hillary Clinton said Monday trade agreements the U.S. enters into should have a “high bar” and Washington should walk away if it’s not met. Delivering a speech on the economy in New York City, Clinton said the Greek debt crisis and the downturn in Chinese stocks are reminders of how global growth is linked and trade is fundamental. Trade agreements should raise wages and create jobs, she said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News