Feb. 3
The S&P 500 slipped 0.2% to 4,171.73.
The Dow 30 was up 0.2% at 34,112.61.
The Nasdaq decreased 0.4% to 12,152.60.
Crude oil dropped 2.4% to $74.04 a barrel.
Gold fell 2.8% to $1,877 an ounce.
The yield on a 10-year treasury bond climbed 3.5% to 3.515%.
HEALTHCARE
MDxHealth SA (Nasdaq: MDXH) fell 40% to $3.79 a share and a $63 million market cap. The Irvine diagnostics firm announced today a public offering of 10 million American Depositary Shares, each worth 10 ordinary shares of the company, at $4.00 a share for a total gross proceeds of $40 million.
TECHNOLOGY
Iteris Inc. (Nasdaq: ITI) jumped 14% to $4.54 a share and a $194 million market cap. The transportation-focused technology company, which has commercial and product operations in Santa Ana and recently moved its headquarters to Austin, Tx., posted third-quarter revenues that surpassed the Zacks Consensus Estimate.
–Kaitlin Aquino
Feb. 2
An upbeat report yesterday from Meta Platforms, parent of Facebook, sent the Nasdaq 3.3% higher to 12,201.69. Nasdaq is now on pace to its best start since 1975, according to the Wall Street Journal.
The S&P 500 was up 1.5% to 4,179.06 while the Dow 30 fell 0.3% to 33,986.33 and the Nasdaq jumped 3.3% to 12,201.69.
Crude oil increased 0.4% to $76.73 a barrel.
Gold fell 0.85 to $1,928 an ounce.
The yield on a 10-year bond fell 0.35% to 3.385%.
MEDICAL DEVICES
Staar Surgical Co. (Nasdaq: STAA) increased 10% to $80.57 and a $3.9 billion market cap. Shares of the Lake Forest-based maker of implantable lenses are up 72% since the beginning of this year. The company on Jan. 9 issued preliminary fourth-quarter results and forecast 2023 revenue, both of which topped expectations.
AEROSPACE
Virgin Galactic Holdings Inc. (NYSE: SPCE) jumped 13% to $6.37 and a $1.7 billion market cap. Volume of 14.5 million at the Tustin-based provider of flights into outer space was twice the daily average. Shares have almost doubled year to date.
–Peter J. Brennan
Feb. 1
The S&P 500 was off 0.5% to 4,057.67 in midday trading.
The Dow 30 dropped 0.9% to 33,766.89 and the Nasdaq declined 0.2% to 11,561.44.
Crude oil plummeted 3.3% to $76.25 a barrel.
Gold dipped 0.2% to $1,941 an ounce.
The yield on the 10-year bond was down 1.8% to 3.464%.
AUTOMOTIVE
EV maker Rivian Automotive Inc. (Nasdaq: RIVN) in Irvine was down 2.8% to $18.85 per share for a market cap of $16.6 billion. The company today internally announced another round of layoffs in which it will trim 6% of its staff, its second notable workforce cut in the past year.
MEDICAL DEVICES
Edwards Lifesciences Corp. (NYSE: EW) rose 2.1% to $78.34 and a $48.5 billion market cap. The company delivered fourth-quarter 2022 adjusted earnings per share of 64 cents, beating the Zacks Consensus Estimate by 4.9% and up nearly 26% year-over-year.
–Katie Murar
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Jan. 31
The S&P 500 rose 0.8% to 4,050.12 in midday trading.
The Dow 30 increased 0.5% to 33,872.42.
The Nasdaq jumped 1.1% to 11,514.38.
The yield on a 10-year Treasury bond dropped 0.5% to 3.533%.
The price of gold climbed 0.3% to $1,944.80.
The price for a barrel of oil increased 1.2% to $78.81.
AUTOMOTIVE
EV maker Rivian Automotive Inc. (Nasdaq: RIVN) in Irvine jumped 6.8% to $19.27 per share for a market cap of $17 billion. Other electric vehicle makers were also up, including Tesla Inc. which rose 3.7% to $172.90 per share while Ford Motor Co., which is also developing EVs, rose 3.8% to $13.38 per share.
FITNESS
Xponential Fitness Inc. (NYSE: XPOF) in Irvine rose 4.6% to $27.80 per share and a market cap of $1.4 billion. Investor website MarketBeat.com said earlier today that “Xponential Fitness presently has a consensus rating of ‘Buy’ and a consensus price target of $30.63.”
–Kevin Costelloe
Jan. 30
The S&P decreased 0.8% to 4,037.27, the Dow 30 was down 0.3% to 33,882.94, and the Nasdaq also fell 1.6% to 11,435.46 during midday trading.
Crude oil fell 1.5% to $78.49 per barrel.
Gold was down 0.3% to $1,939 per ounce.
The yield on a 10-year bond was up 1.11% to 3.557%.
HEALTHCARE
Evolus Inc. (Nasdaq: EOLS) fell 4% to $9.84 per share with a market cap of $553 million. The Newport Beach-based medical aesthetics firm on Saturday presented phase II data results of testing the “extra-strength” formula of its flagship neurotoxin product, Jeuveau. Aiming for an extended duration of the treatment, the effects lasted 26 weeks or a prolonged six months.
For more on Evolus, see the Jan. 30 print edition of the Business Journal.
TECH
Rivian Automotive Inc. (Nasdaq: RIVN) was down 7.1% to $18.42 with a $16 billion market cap. Shares of the Irvine-based electric vehicle maker are off 72% compared to a year ago.
—Emily Santiago-Molina
—
Jan. 27
The S&P rose 0.4% to 4,075.16, while the Dow 30 was up 0.3% at 34,047.85 and the Nasdaq jumped 1% to 11,621.97.
Crude oil fell 1.9% to $79.49 a barrel.
Gold was flat at $1,929 an ounce.
The yield on a 10-year treasury bond increased 1.1% to 3.531%.
Crude oil fell 1.9% to $79.49 a barrel.
Gold was flat at $1,929 an ounce.
The yield on a 10-year treasury bond increased 1.1% to 3.531%.
HEALTHCARE
RxSight Inc. (Nasdaq: RXST) climbed 8.9% to $14.36 a share and a $398 million market cap. Shares in the Aliso Viejo eye-focused medical device company are up 48% from their 52-week low last January.
FINANCE
LoanDepot Inc. (NYSE: LDI) rose 7.7% to $2.52 per share and a $833 million market cap. Shares in the Irvine nonbank mortgage originator, the second-largest in the country, are up 71% since Dec. 20 as investors are hopeful that the Federal Reserve won’t raise benchmark interest rates as much as feared.
–Kaitlin Aquino
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Jan. 26
The S&P 500 was up 0.5% to 4,034.10 while the Dow 30 climbed 0.3% to 33,826.74 and the Nasdaq increased 1% to 11,427.57.
Crude oil increased 1.3% to $81.22 a barrel.
Gold fell 0.7% to $1,929 an ounce.
The yield on a 10-year bond climbed 0.2% to 3.469%.
RETAIL
Boot Barn Holdings Inc. (NYSE: BOOT) jumped 13% to $83.76 and a $2.5 billion market cap. The Irvine-based retailer of boots and related apparel yesterday forecast fourth-quarter sales that topped analysts’ expectations.
MARKETING
Advantage Solutions Inc. (Nasdaq: ADV) was up 5.4% to $2.55 and an $816 million market cap. Shares are up 16% since Jan. 18 when the Irvine-based provider of outsourced marketing services named Dave Peacock as its new chief executive, effective Feb. 1.
–Peter J. Brennan
—
Jan. 25
The S&P 500 was down 0.5% to 3,998.39 in Wednesday midday trading.
The Dow Jones Industrial Average decreased 0.3% to 33,650.41 while the Nasdaq fell 0.8% to 11,248.83.
The yield on a 10-year Treasury bond increased 0.3% to 1.0912%.
Crude oil was off 0.2% to $80 a barrel.
Gold rose 0.3% to $1,940.
DRUG MANUFACTURING
Avid Bioservices Inc. (Nasdaq: CDMO) was down 5.2% to $16.11 per share and a $1 billion market cap. Shares in the Tustin-based contract drug manufacturer, currently trading at less than one-sixth of their average daily volume, are still up more than 17% since the start of the year.
HEALTHCARE
Tarsus Pharmaceuticals Inc. (Nasdaq: TARS) rose 4.2% to $16.15 and a $429 million market cap. Shares of the Irvine-based maker of ophthalmic drugs are up nearly 14% in the past week.
–Katie Murar
Jan. 24
The S&P 500 was down 0.1% at 4,014.01 in midday trading.
The Dow 30 was flat at 33,645.03.
The Nasdaq was down 0.2% to 11,338.46.
The yield on a 10-year Treasury bond fell 1.3% to 3.48%.
The price of gold rose 0.3% to $1,934.80.
The price for a barrel of oil tumbled 1.2% to $80.62.
RESTAURANTS
BJ’s Restaurants Inc. (Nadaq: BJRI) in Huntington Beach fell 4.7% to $30.69 per share for a market cap of $718 million. Shares in the company are virtually unchanged from a year ago.
AEROSPACE
Space tourism company Virgin Galactic Holdings Inc. (NYSE: SPCE) rose 3% to $5.47 per share for a market cap of $1.5 billion. InvestorsObserver.com said earlier today that “analysts who follow Virgin Galactic Holdings Inc. on average expect it to gain 0.06% over the next twelve months. Those same analysts give the stock an average rating of Hold.”
–Kevin Costelloe
—
Jan. 23
The S&P increased 1.5% to 4,030.69, the Dow 30 was up 1% to 33,699.89, and the Nasdaq also rose 2.3% to 11,391.09 during midday trading.
Crude oil rose 0.7% to $82.22 per barrel.
Gold was flat at $1,928 per ounce.
The yield on a 10-year bond was up 1.26% to 3.528%.
REAL ESTATE
Five Point Holdings LLC (NYSE: FPH) rose 9% to $3 per share with a market cap of $444 million. Shares of the Irvine-based real estate developer has increased 20% since announcing fourth-quarter results last Thursday where Five Point reported consolidated revenues of $17 million.
TECHNOLOGY
Skyworks Solutions Inc. (Nasdaq: SWKS) jumped 6.5% to $109.79 with a $18 billion market cap. The Irvine-based semiconductor’s shares have grown 21% since the beginning of January.
—Emily Santiago-Molina
—
Jan. 20
The S&P 500 rose 0.9% to 3,932.66 in midday trading.
The Dow 30 was up 0.3% at 33,135.82.
The Nasdaq jumped 1.5% to 11,016.15.
Crude oil increased 1.4% to $81.45 a barrel.
Gold gained 0.2% to $1,927 an ounce.
The yield on a 10-year treasury bond climbed 2.8% to 3.492%.
REAL ESTATE
Five Point Holdings LLC (NYSE: FPH) climbed 13% to $2.72 and a $406 million market cap. The Irvine-based real estate developer yesterday reported fourth-quarter results that included a new commercial land sale strategy that began with selling about 42 acres of Irvine’s Great Park Neighborhoods for $240 million.
RESTAURANTS
Kura Sushi USA Inc. (Nasdaq: KRUS) jumped 6.3% to $56.54 and a $552 million market cap. Shares in the Irvine-based sushi chain are off 41% from their 52-week high last August.
–Kaitlin Aquino
