• Quotes
  • Shortcuts
The Executive's Internet
Thurs, July 9th
editor corner icon Editor's Corner | Archive
How to Leverage the Power of YouTube: Video content on YouTube can have a powerful impact on sales for local businesses as well as global brands. Learn how to leverage YouTube for your business. Patricia
site of the day icon Site of the Day | Archive
Weather Spark
Get monthly, daily, and hourly graphical reports of the average weather: daily highs and lows, rain, clouds, wind, etc. Great for event and trip planning.



Setup News Ticker
Searching for 'shares higher'. (Return)

MarketWatch MarketPulseJul 09, 2020
Mohawk Industries' stock dives, as analyst says lawsuit could an 'overhang' for months
Shares of Mohawk Industries Inc. plunged 19.1% in midday trading Thursday, amid concerns over a lawsuit against the commercial flooring products company regarding alleged financial misconduct. The stock has taken a 28.4% dive over the past three days, as details of the lawsuit have become more known. J.P. Morgan analyst Michael Rehaut said the details of the class action complaint, as provided in a filing dated June 29 by the Public Employees' Retirement System of Mississippi, included channel stuffing at the end of the quarter and intentionally overproducing product in order to expand operating efficiencies and benefit margins. "While the veracity of these accusations will likely not be determined until after an extended legal process, which may take the next several months if not longer, we believe that until this matter has been concluded, this lawsuit will likely remain an overhang on the stock...," Rehaut wrote in a note to clients. "Additionally, we believe a higher level of risk now exists for the company due to this lawsuit, given its fairly granular level of detail across the allegations, combined with quotes from interviews with several former employees (including a distribution center manager and a former member of the executive team)." The stock has tumbled 45.8% year to date, while the S&P 500 has lost 2.8%.

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.

MarketWatch MarketPulseJul 09, 2020
Chipmaker ETFs push higher Thursday, on track for best week since early June
Semiconductor exchange-traded funds outperformed the broader market Thursday as investors continued to bet on more upside for technology companies. The iShares PHLX Semiconductor ETF was 1% higher in the early afternoon, the SPDR S&P Semiconductor ETF rose 0.9%, and the VanEck Vectors Semiconductor ETF jumped 1.3%. All were on track for their best week in five weeks. Most of those funds have a sizable portfolio holding of NVIDIA Corp. , which was up 2.2% in the early afternoon, and which on Wednesday overtook Intel Corp. to become the largest chipmaker, by market cap. Intel shares were about 0.2% lower Thursday afternoon, while the broader Nasdaq Composite Index was 0.2% higher. In the year today, Nvidia has gained 78%, and the iShares ETF, the largest in the space, is up 12%, compared to a 17% gain for the Nasdaq, and losses for other benchmark indexes.

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.

Coronaviruscases latest live surge record
Stocksrecovery higher investors biggest economic
TrumpSupreme Court Records York Financial
stock& market Higher Beyond recovery
Recoverystocks Economic investors coronavirus Dow
EconomicRecovery stocks investors Coronavirus Global
Dowdown points Market Nasdaq coronavirus
Covid-19cases pandemic Coronavirus record deaths
SupremeCourt Trump Records Financial Tax
Chinasince currency hits highest level

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC