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Monday, Dec 5, 2022
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Midday Stock Roundup

 Major indexes rose today following earnings reports from companies like Meta Platforms Inc. (Nasdaq: FB), the parent of Facebook, and the increasing value of the U.S. dollar.

The S&P; 500 climbed 1.9% to 4,264.74 in midday trading while the Dow 30 rose 1.4% to 33,774.22 and the Nasdaq jumped 2% to 12,752.97.

The yield on a 10-year Treasury bond also increased 1.7% to 2.8650%.

Oil jumped 2.7% to 104.74 per barrel while gold stayed flat at $1,890 an ounce.

CHAIN RESTAURANTS

El Pollo Loco Holdings Inc. (Nasdaq: LOCO) climbed 4.7% to $10.90 per share and a market cap of $401 million. Investor website Stocknews.com today updated its rating for the Costa Mesa fast food chain from Hold to Buy. Last month, El Pollo Loco reported fourth-quarter 2021 revenue that beat analysts’ expectations.  

MEDICAL DEVICES

Axonics Inc. (Nasdaq: AXNX) of Irvine took a 5.6% dip to $52.63 per share for a $2.5 billion market cap. Shares have fallen about 18% since the maker of devices to treat incontinence announced one week ago the national launch of the F15, an FDA-approved, rechargeable sacral neuromodulation device.

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Audrey Kemp
Audrey Kemp
Audrey Kemp is a staff reporter and occasional photojournalist for the Orange County Business Journal. Her beats include — but are not limited to — healthcare, startups, and education. While pursuing her bachelors in literary journalism at UC Irvine, she interned for New York-based magazine Narratively Inc., wrote for Costa Mesa-based lifestyle magazine Locale, and covered the underground music scene for two SoCal-based music publications. She is an unwavering defendant of the emdash and the Oxford comma.
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