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MarketWatch MarketPulseOct 18, 2021
Adamis Pharmaceuticals stock rockets on heavy volume after opioid overdose treatment gets FDA approval
Shares of Adamis Pharmaceuticals Corp. soared 20.4% on massive volume toward an eight-month high in premarket trading Monday, after the biopharmaceutical company said Zimhi, it's high-dose naloxone injection for the treatment for opioid overdose, has been approved by the Food and Drug Administration. Trading volume spiked to 32.8 million shares, enough to make the stock the most actively traded ahead of the open, and compared with the full-day average of about 2.0 million shares. "We are very excited by this approval and are working with our commercial partner, US WorldMeds, to make this much-needed, lifesaving product readily available to the market," said Adamis Chief Executive Dennis Carlo. "Zimhi provides the highest systemic levels of naloxone compared to any of the nasal or intramuscular products currently available." The stock has soared 132.9% year to date through Friday, while the iShares Biotechnology ETF has tacked on 3.7% and the S&P 500 has gained 19.0%.

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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MarketWatch MarketPulseOct 18, 2021
Occidental Petroleum stock rallies after Truist analyst upgrades, boosts price target to Street high
Shares of Occidental Petroleum Corp. rallied 2.3% in premarket trading Monday, putting them on track to snap a five-day losing streak, after Truist analyst Neal Dingmann became Wall Street's most bullish on the oil and natural gas exploration and production company, citing expectations that record free cash flow will continue. Dingmann raised his rating to buy from hold. He raised his price target to $50, which implies a 58% gain off Friday's closing price of $31.66, from $35. That is now the highest price target among the 29 analysts surveyed by FactSet. "[W]e believe the company will soon discuss plans to return its quarterly dividend to 2019/2020 levels along with the further possibility of an additional variable dividend and/or stock repurchase program," Dingmann wrote in a note to clients. "Further, [Occicental's] decarbonizing operations continue to gain steam capitalizing on its notable infrastructure in place/under development." Occidental's stock, which had lost 5.9% over the past five days, since it closed at a 20-month high on Oct. 8, has soared 82.9% year to date through Friday, while crude oil futures have run up 71.9%, natural gas futures have rocketed 110.4%, the SPDR Energy Select Sector ETF has rallied 51.3% and the S&P 500 has advanced 19.0%.

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.



Yahoo BusinessOct 18, 2021
Global Bonds, Stocks Fall as Inflation Fears Mount: Markets Wrap


The Motley FoolOct 18, 2021
5 Stocks I Own and Will Add to if the Stock Market Crashes
The best investment candidates in a downturn can often be the stocks you already own.

MarketWatch MarketPulseOct 18, 2021
: Colin Powell dies from COVID-19 complications, family says
yuri gripas/Agence France-Presse/Getty ImagesGen. Colin Powell, the former secretary of state and chairman of the joint chiefs of staff, died age 84 from COVID-19 complications, his family said Monday in a Facebook post.Powell was fully vaccinated and had been treated at Walter Reed National Medical Center.

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 MarketPulseOct 18, 2021
Sinclair Broadcast says it is investigating ransomware attack that took data from its networks, shares down 1.5% premarket
Sinclair Broadcast Group Inc. shares slid 1.5% in premarket trade Monday, after the operator of TV stations said it is investigating a potential cybersecurity incident. The Baltimore, Md.-based Sinclair said it has identified that certain servers and workstations were encrypted with ransomware and that some of its networks were disrupted and data was taken. The company is working to determine what information the taken data contained and will take actions as appropriate. "Promptly upon detection of the security event, senior management was notified, and the company implemented its incident response plan, took measures to contain the incident, and launched an investigation," the company said in a statement. "Legal counsel, a cybersecurity forensic firm, and other incident response professionals were engaged. The Company also notified law enforcement and other governmental agencies." For now, the company said the incident has disrupted parts of its business, including the provision of local ads to local broadcast stations on behalf of clients. It is working to restore operations. It's too early to say if the incident will have a material impact on financial results. Shares are down 15% in the year to date, while the S&P 500 has gained 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.



MarketWatch MarketPulseOct 18, 2021
Informatica sets terms for it IPO, to raise up to $928 million
Informatica Inc. has set IPO terms for its initial public offering, as the California-based data management software company looks to raise up to $928.0 million. The company is offering 29.0 million shares in the IPO, which is expected to price between $29 and $32 a share. With 229.6 million Class A shares and 44.1 million Class B-1 shares expected to be outstanding after the IPO, the pricing could value the company at up to $8.76 billion. The stock is expected to list on the NYSE under the ticker symbol "INFA." Goldman Sachs and J.P. Morgan are the lead underwriters. The company recorded a net loss of $36.3 million on revenue of $675.5 million during the six months ended June 30, after a loss of $102.8 million on revenue of $619.3 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 10.4% over the past three months while the S&P 500 has gained 3.3%.

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 MarketPulseOct 18, 2021
Colin Powell was on board of Salesforce.com and Bloom Energy
Gen. Colin Powell, who died of COVID-19 complications, was on several boards, including that of two publicly traded companies, customer relationship management company Salesforce.com and fuel-cell maker Bloom Energy . The former secretary of state also was a strategic advisor to Kleiner Perkins, the venture capital firm.

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 MarketPulseOct 18, 2021
Stocks open lower after China slowdown as investors await earnings
Major U.S. stock indexes kicked off the week on a soft note Monday, under pressure after data showed slowing economic growth in China, and as investors awaited a heavy slate of corporate earnings. The Dow Jones Industrial Average fell 153 points, or 0.4%, to 35,143, while the S&P 500 was down 0.4% at 4,455 and the Nasdaq Composite gave up 0.3% to trade at 14,853. China reported 4.9% year-over-year growth in the third quarter, a big slowdown from the 7.9% recorded in the second quarter as construction output slowed.

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 MarketPulseOct 18, 2021
Walmart is bringing back 'Black Friday Deals for Days' event
Walmart Inc. announced the return of its "Black Friday Deals for Days" event, taking place during the month of November. Over the course of three separate multi-day events, the company will offer promotions across electronics, home goods and other categories. Walmart members will get early access to the first two events, starting online on November 3 and November 10. Black Friday is the day after Thanksgiving. Walmart stock has fallen 2.5% for the year to date while the Dow Jones Industrial Average is up 15.3% for the period.

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 MarketPulseOct 18, 2021
Ex-NFL player Ricky Williams launches Highsman cannabis brand
Former NFL running back Ricky Williams on Monday launched Highsman, a brand that will focus on selling "premium quality cannabis" along with cannabis-related apparel and accessories. The initial focus will be in California, Oregon and Nevada. "Highsman is about an appreciation for greatness. There is a passionate and dedicated team behind the brand, and together we want to help all people inspire greatness in themselves," Williams said in a statement. Highsman CEO Eric Hammond said the company is launching "at a tipping point where sports and cannabis collide, and we are excited to continue to break boundaries between the two." Williams, 44, played in the NFL for 11 years and ran for 10,000 rushing yards. His football career ended in 2012. He was suspended by the league five times for violating its substance-abuse policy.

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 MarketPulseOct 18, 2021
Albertsons raises quarterly dividend by 20% to 12 cents a share
Supermarket operator Albertsons Cos. Inc. said Monday its board has approved a 20% increase in its quarterly dividend, raising it to 12 cents a share from 10 cents. The new dividend will be payable Nov. 12 to shareholders of record as of Oct. 29. Shares were up 3.6% premarket and have gained 62% in the year to date, while the S&P 500 has gained 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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