Stocks to invest in – Market Movers Today: FirstEnergy Corp (FE), Juno Therapeutics Inc (JUNO), Halliburton Company (HAL), and More

Stocks to invest in

FirstEnergy Corp (NYSE:FE) (The Motley Fool)
What happened: Shares of First Energy (NYSE:FE) spiked on Monday and were up 15% at 10:45 a.m. EST after the utility announced that investors would pump $2.5 billion of equity into the company. So what: First Energy announced that a group of prominent investors, including Singapore’s sovereign wealth fund, will invest $2.5 billion into the company. The investment includes $1.62 billion in mandatory convertable preferred equity and $850 million in shares. The utility plans to use the cash infusion to reduce debt, contribute to its pension fund, and fund investments.

Halliburton Company (NYSE:HAL) (TheStreet)
Halliburton Co. (HAL) stock jumped on Monday, Jan. 22, after the oilfield service company reported better-than-expected earnings for its fourth quarter and issued an upbeat outlook for 2018. Shares of Halliburton rose by 3.8% to $55.04 at 10:15 a.m. EST on Monday. The Houston-based company posted a loss of $824 million for the period. Adjusted earnings of 53 cents per share beat analysts’ estimates of 46 cents per share.



Wynn Resorts, Limited (NASDAQ:WYNN) (Seeking Alpha)
Wynn Resorts (NASDAQ:WYNN) reports a 30% jump in Q4 revenue to $1.69B. The big gain was tied largely to the $248M brought in from Wynn Palace during the quarter. The casino operator saw adjusted property EBITDA increase 41% to $480.2M, with Wynn Macau tallying $186M and Wynn Palace $190M. Revenue from Las Vegas operations fell 1.6% to $377M and adjusted EBITDA was down 9% to $104M on some early quarter traffic weakness tied to the mass shooting event.

Archer Daniels Midland Co (NYSE:ADM) (CNBC)
Archer Daniels Midland – The grain processor is proposing a buyout of agricultural commodities supplier Bunge, according to The Wall Street Journal and Reuters. Bunge – which has also drawn interest from Swiss agriculture company Glencore – is said to be keeping its options open. Glencore is prevented from making a new offer for Bunge until next month, stemming from a previous standstill agreement.

Stocks to invest in

Start trading now on the best platform on the market.

Source link