Wall Street was mixed again today as earnings continues to drive this market in the short term. The Nasdaq 100 was up 23 in anticipation of a big week of earnings ahead. The S&P 500 lost 1, and the Dow 30 was lower by 48. Also in focus is the Federal Reserve's rate announcement coming on Wednesday where it is expected that they will leave rates unchanged.
Blue Apron (APRN ) shares blasted off 12.52% today as a group of Wall Street analysts initiated coverage of the online meal service with positive ratings. Several of its original underwriters, including Goldman Sachs (GS ) and Stifel Nicolaus, announced that they think recent IPO is a buy. In addition, RBC Capital Markets and Oppenheimer initiated coverage on the stock with an "outperform" rating. The IPO has been in focus since its first day of trade. Shares had fallen over 35% prior to today's move. Despite today's move, IPO investors are still underwater by 25%.
Halliburton (HAL ) shares were lower today by 4.26% despite the oilfield service provider announcing earnings that were much better than the street expected. Revenue for the last quarter blasted off over 29% from a year ago "driven mainly by continued strength in North America." Investors took the opportunity to reduce some of their position on the bounce as almost every investor who has bought this year is underwater. Shares remain lower by over 20% for the year.
Hasbro's (HAS ) suffered a loss of 9.44% today as investors showed the company what they thought of their earnings announcement. Despite reporting earnings that were better than expected, revenue was a disappointment. According to the release, "demand was strong for Transformers and Nerf toys but weak for Playskool, Super Soaker and Easy Bake Oven products." Today's decline erases almost three months of gains, but shares are still higher by over 30%.