5.22.19

Page 13

MARKET WATCH

05.22.2019 • WedneSday • M 1

ST. LOUIS POST-dISPaTCH • A13

TRACK YOUR STOCKS AND GET THE LATEST NEWS • STLTODAY.COM /BUSINESS Technology companies helped power stocks broadly higher Tuesday, snapping the market’s two-day losing streak. The rally followed the U.S. government’s decision to postpone proposed restrictions on technology sales to Chinese companies.

Kohl’s

1.5

60 50

F

M A 52-week range

1.0

M $83.28

Dow Jones industrials

25,660

Close: 25,877.33 Change: 197.43 (0.8%)

$3.16

26,000

40 30

2,860

Close: 2,864.36 Change: 24.13 (0.9%) 10 DAYS

$8.45

20

M

CHG

Corn

Jul 19 Jul 19 Jul 19

394.25 822 478.75

+5.25 -9.75 +.50

CHICAGO MERC

DATE

CLOSE

CHG

Feeder cattle

May 19 Jun 19 Jun 19 May 19 May 19

134.37 110.85 90.10 16.29 272.35

+.22 -.50 -1.65 -1.25

ICE

DATE

CLOSE

CHG

Cotton

Jul 19 Jul 19 Jul 19

67.32 92.90 25.85

-.59 +3.00 -.15

NEW YORK

DATE

CLOSE

CHG

Crude oil

Jun 19 Jun 19 Jun 19 Jun 19

63.02 2.0193 207.94 2.613

Milk Copper

2,400

N

D

J

F

A

2,200

M

N

D

J

F

M

A

M

Coffee

StocksRecap NYSE

NASD

3,129 3,208 2190 548 99 52

1,947 2,059 2055 863 61 74

Vol. (in mil.) Pvs. Volume Advanced Declined New Highs New Lows

M

DOW DOW Trans. DOW Util. NYSE Comp. NASDAQ S&P 500 S&P 400 Wilshire 5000 Russell 2000

HIGH 25898.27 10563.59 799.43 12732.86 7804.44 2868.88 1902.11 29630.45 1545.98

LOW 25779.61 10491.45 790.32 12668.33 7752.92 2854.02 1885.20 29318.03 1529.82

CLOSE 25877.33 10510.87 791.93 12720.72 7785.72 2864.36 1899.74 29586.85 1545.25

CHG. +197.43 +49.14 +0.74 +103.91 +83.35 +24.13 +24.05 +268.77 +20.29

%CHG. WK +0.77% s +0.47% s +0.09% s +0.82% s +1.08% s +0.85% s +1.28% s +0.92% s +1.33% s

MO QTR t t t t s s t s t s t s t t t s t t

YTD +10.93% +14.62% +11.08% +11.84% +17.34% +14.26% +14.23% +14.90% +14.59%

Sugar

Gas blend Heating oil Natural gas

Argentina Australia Brazil Britain Canada China Euro India Israel Japan Mexico Russia So. Africa So. Korea Switzerland

TKR

52-WK LO HI

YTD% 1YR% CLOSE CHG %CHG CHG RTN P/E DIV NAME

AT&T Inc

T

26.80

34.53 32.41 +.22 +0.7 +13.6 +6.7

Aegion Corp

AEGN

15.12

26.80 15.59 +.06 +0.4

Allied Hlthcre Prod

AHPI

1.43

Amdocs

DOX

52.60

70.31 60.95 +.12 +0.2 75.25 74.29

3.48

1.45

Ameren Corp

AEE

55.21

ABInBev

BUD

64.55 106.86 81.00

Arch Coal

ARCH

6

-4.5 -39.4 21

-.19 -11.6 -20.6 -35.9 dd +4.0

-5.3 17

-.40 -0.5 +13.9 +36.1 26

AVDL

1.03

BAC

22.66

31.91 28.69 +.29 +1.0 +16.4

-4.3 11

37.79

76.39 56.90 +1.93 +3.5 +36.2

Belden Inc

BDC BA

Build-A-Bear Wkshp BBW

GM

... Home Depot

HD

... Huttig Building Prod HBP 1.14 Lee Enterprises 1.90 Lowes

... +23.1 -12.0 20 3.19e Mallinckrodt plc 75.09 101.92 90.21 +.79 +0.9 +8.7 +15.1 6 1.80 MasterCard

Avadel Pharma

Boeing

2.04 General Motors

-.01

Bank of America

7.97

1.47 +.13 +9.7 -43.0 -80.8 dd

... McDonald’s 0.60

-3.9 11

0.20

292.47 446.01 358.75 +5.96 +1.7 +11.2 +2.6 33

8.22

5.13 +.28 +5.8 +29.9 -47.3 dd

... 0.28

3.75

9.55

Caleres Inc.

CAL

22.45

41.09 23.44 +.68 +3.0 -15.8 -35.9 11

Cass Info. Systems

CASS

44.35

62.08 45.62

Centene Corp.

CNC

45.44

74.49 57.14 +1.63 +2.9

-3.8 16

...

Charter

CHTR 259.48 387.41 379.21 +1.92 +0.5 +33.1 +39.7 75

...

Cigna

CI

Citigroup

C

-.26 -0.6 -13.8 ...

-8.2 14 1.04b

Olin

72.55 60.28 +.41 +0.7

31.74

59.16 32.23 +.42 +1.3 -13.7 -27.5 17

Emerson

EMR

55.39

Energizer Holdings

+6.9

... ...

84.75 118.23 111.10 +1.90 +1.7 +20.3 +28.7 25 12.95

36.65

9.87 -3.16 -24.3 -37.5 -17.0

171.89 257.43 255.36 +1.87 +0.7 +35.4 +33.7 59

MCD

153.13 200.68 199.84 +.85 +0.4 +12.5 +26.3 30

5.55

4.12

0.28

-.12 -0.4 +42.0 +28.0 47

...

20.92

76.05 113.73 107.60 +.73 +0.7 +20.7 +41.6 10

Reinsurance Gp

RGA

Reliv

RELV

Spire Inc

SR

41.88

Esco Technologies

ESE

54.60

78.32 72.78 +.84 +1.2 +10.5 +26.8 20

Foresight Energy

FELP

0.60

FutureFuel

FF

127.84 154.10 152.58 +.44 +0.3 3.80

5.89

4.64

87.13 85.42

4.64 0.80

-.18 -3.7

+8.8 +3.9 14

... 2.40

+9.5 +5.4 dd

...

-.33 -0.4 +15.3 +26.4 19

2.37

SF

38.39

61.93 57.95 +.39 +0.7 +39.9

-2.8 18

0.60

TGT

60.15

90.39 71.96

-2.6 12

2.56

UPS

89.89 125.09 99.41 +.89 +0.9

+1.9 -11.4 17

3.84

USB

43.14

55.56 51.90 +.18 +0.3 +13.6 +5.1 13

1.48

-.12 -0.2

+8.9

X

14.13

39.23 14.90 +.64 +4.5 -18.3 -60.3

9

0.20

VZ

47.13

61.58 59.50 +.49 +0.8

8

2.41

0.32 WalMart

WMT

81.81 106.21 101.12

0.13 Walgreen Boots

WBA

51.79

86.31 52.76 +.50 +1.0 -22.8 -16.0 10

1.76

WFC

43.02

59.53 46.33 +.88 +1.9

1.80

19.31 11.33 +.15 +1.3 -28.6 -15.5 14 0.24a Wells Fargo

-.40 -0.4

+5.8 +28.6

The yield on the 10-year Treasury note rose to 2.42% on Tuesday. Yields affect rates on mortgages and other consumer loans.

-4.10 -.04 +1.20

+8.6 +23.9 58 2.12f

+0.5 -12.1 10

Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. Other: x - ex-dividend.

PRIME FED RATE FUNDS YEST 6 MO AGO 1 YR AGO

2.38 2.13 1.63

5.50 5.25 4.75

TREASURIES

LAST

NET CHG

1YR AGO

3-month T-bill 6-month T-bill 52-wk T-bill 2-year T-note 5-year T-note 7-year T-note 10-year T-note 30-year T-bond

2.37 2.41 2.36 2.26 2.23 2.32 2.42 2.84

+0.01 ... +0.03 +0.03 +0.03 +0.02 +0.01 +0.01

1.92 2.13 2.29 2.57 2.90 3.02 3.06 3.20

NET 1YR LAST CHG AGO

BONDS

0.56f

PRFT

64.95

1.32

-6.1 dd

POST

36.09

32.92 31.60

5

-.02 -0.1 -13.0 -30.5 -.25 -5.7 -12.0

1.92 ...

MA

Perficient

ENR

10.83

-.05 -1.6 +55.8 -48.8 dd -.05 -1.6 +45.5 +32.8

Post Holdings

+9.3 -10.0 21

.80 +.04 +5.3 -77.1 -74.5 dd

2.81 3.07

47.84 x26.53

Enterprise Financial EFSC

4.10

5.81 3.69

4.10

1.96 US Bancorp 65.57 45.51 +.25 +0.6 +0.8 -17.7 30 1.20f US Steel 58.15 42.28 +.38 +0.9 +12.4 -21.8 12 0.60f Verizon 79.70 65.33 +1.43 +2.2

1.52

1.57

26.31

Stifel Financial

Silver Platinum

1.84

BTU

-1.2 16

53.40

45.00 37.13 +.16 +0.4 +11.0 +1.9 dd

SKIS

1.04 Target Corp. ... UPS B

EPC

30.56

Peabody Energy

0.04

CHG

CLOSE

1272.00 14.37 815.40

Gold

158.09 215.43 191.45 +.50 +0.3 +11.4 +4.3 21 5.44f

Peak Resorts

1.80

CBSH

MNK

.0221 .6906 .2439 1.2726 .7445 .1447 1.1168 .0143 .2792 .009094 .052440 .0155 .0695 .000837 .9916

PreciousMetals NEW YORK

YTD% 1YR% CLOSE CHG %CHG CHG RTN P/E DIV

33.63 22.73 +.68 +3.1 +13.0 -31.2

-4.6 10

Edgewell

LOW

52-WK LO HI

17.87

75.24 66.08 +1.12 +1.7 +26.9

Commerce Banc.

LEE

PREV

.0223 .6881 .2469 1.2705 .7461 .1449 1.1158 .0144 .2766 .009039 .052557 .0155 .0695 .000838 .9888

Interestrates Interestrates

OLN

141.95 226.61 154.66 +.99 +0.6 -14.0 -13.7 15 48.42

TKR

-.08 +.0094 +.58 -.060

Chicago BOT is in cents.

Stocks of Local Interest NAME

$52.21

FOREIGN CURRENCY IN DOLLARS CLOSE

22,000 21,000

M

ExchangeRates

CLOSE

Hogs

2,600

M A 52-week range

PE: ... Vol.: 3.3m (23.0x avg.) Mkt. Cap: $855.6 m Yield: 0.3%

PE: ... Yield: ...

DATE

Live cattle

F

$19.73

$36.65

CHICAGO BOT

Wheat

2,800

23,000

M A 52-week range

Vol.: 17.1m (7.6x avg.) Mkt. Cap: $827.2 m

Soybeans

25,000 24,000

F

Futures

S&P 500

3,000

27,000

$50

10 M

CIR

Close: $43.00 12.34 or 40.3% Crane Co. is offering about $895 million to buy the industrial pumps and valves maker.

20 0

Vol.: 14.1m (1.4x avg.) PE: ... Mkt. Cap: $338.5 m Yield: 74.8%

2,920

2,800

10 DAYS

M A 52-week range

$0.92

Vol.: 25.9m (7.3x avg.) PE: 11.5 Mkt. Cap: $9.0 b Yield: 4.9%

26,120

F

Circor International

MNK

Close: $9.87 -3.16 or -24.3% The drug developer is suing the U.S. government over a Medicaid drug rebate decision for its Acthar gel. $30

$2.0

70

Charts show stocks that made the news yesterday.

Mallinckrodt

JCP

Close: $1.07 -0.08 or -7.0% The retailer’s first quarter sales fell and its loss was wider than analysts had forecast.

$80

$54.15

25,200

J.C. Penney

KSS

Close: $55.15 -7.76 or -12.3% The department store chain’s first quarter results and its profit outlook for the year fell short of forecasts.

Barclays Glob Agg Bd Barclays USAggregate Barclays US High Yield Moodys AAA Corp Idx Barclays US Corp 10-Yr. TIPS

1.77 2.91 6.37 3.70 3.60 .55

+0.01 +0.02 -0.02 +0.02 +0.02 -0.01

2.05 3.39 6.35 4.04 4.04 .89

GlobalMarkets INDEX S&P 500 Frankfurt DAX London FTSE 100 Hong Kong Hang Seng Paris CAC-40 Mexico City Bolsa Tokyo Nikkei 225 Sao Paolo Bovespa Toronto Zurich

LAST 2864.36 12143.47 7328.92 27657.24 5385.46 43190.11 21272.45 94484.63 16426.47 9624.16

CHG

CHG

YTD

+24.13 +102.18 +18.04 -130.37 +26.88 -329.12 -29.28 +2538.44 +24.72 +42.08

+0.85% +0.85% +0.25% -0.47% +0.50% -0.76% -0.14% +2.76% +0.15% +0.44%

+14.26% +15.01% +8.93% +7.12% +13.84% +3.72% +6.28% +7.51% +14.69% +14.18%

BUSINESS DIGEST City courts 200-employee headquarters: St. Louis is courting a company that officials say could add 200 jobs near Union Station, but they’re staying mum on the company’s identity. The St. Louis Enhanced Enterprise Zone on Tuesday approved a 10-year, 75 percent property tax abatement for the building at 401 S. 18th Street. City economic development officials say the property’s owner, Woodcrest Capital of Fort Worth, Texas, plans $3 million in improvements. The potential tenant would put in $1 million and possibly move 200 jobs to the spot. St. Louis Development Corp. Executive Director Otis Williams would not reveal the name of the company but did tell board members “it is not a city relocation.” He described it as a “headquarters facility with a wide range of supporting jobs.” The building on 18th Street, the former headquarters of the Missouri Foundation For Health before it moved to Forest Park Southeast, is mostly vacant now, Williams said. USDA finalizing aid plan for farmers: President Donald Trump’s administration is considering paymentsof$2perbushelforsoybeans, 63 cents per bushel for wheat and 4 cents per bushel for corn as part of a package of up to $20 billion to offset U.S. farmers’ losses from the trade war with China, Bloomberg reported on Tuesday. Those payments would exceed the rates paid last year to farmers in a similar aid package. Trump earlier this month directed the Department of Agriculture to work on a new aid plan for farmers as Washington and Beijing intensified their 10-month-old trade war by raising tariffs on each other’s goods. U.S. existing home sales fell in April: U.S. home sales fell for a second straight month in April amid weakness in the lower-priced segment of the market, which is suffering from an acute shortage of properties, the National Association of Realtors reported Tuesday. Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. They were down 4.4 percent compared to April 2018, the 14th straight year-on-year decrease in home sales. The Realtors group noted a

10 percent drop in sales of houses priced $100,000 and below, reflecting a smaller inventory of lower-priced housing. Sanders to attend Walmart meeting:Walmartworkersseekingaseat on the retailer’s board of directors have invited Sen. Bernie Sanders, I-Vt., to introduce a shareholders’ proposal at the company’s annual meeting on June 5 in Bentonville, Ark. If passed, the measure would require the retailer to consider its 1.5 million hourly U.S. employees when nominating candidates to its board. “These workers need and deserve a seat at the table,” the presidential candidate told The Washington Post. The measure, though, is not likely to pass. Walmart shareholders have voted down every employee proposal in company history, according to United for Respect. Home Depot reports strong profit, revenue: Home Depot reported better-than-expected profit and revenue for the first quarter despite a damp start to 2019. That inclement weather and an extra week in the previous fiscal year weighed on the home improvement retailer’s same-store sales, which increased 2.5%, short of the 4.2% expected by industry analysts. The retailer earned $2.51 billion, or $2.27 per diluted share, for the three months ended May 5. That compares with $2.4 billion, or $2.08, a year ago. Revenue rose to $26.38 billion from $24.95 billion. Southwest mechanics ratify agreement: Southwest Airlines Co.’s mechanics union said on Tuesday its members had overwhelmingly voted to ratify a tentative contract agreement with the airline, ending seven years of labor negotiations fraught with legal disputes and flight disruptions. In a statement on its website, the Aircraft Mechanics Fraternal Association, which represents around 2,500 Southwest mechanics, said about 95 percent of its members had voted to accept the labor agreement. Southwest, which had been forced to cancel hundreds of flights earlier this year stemming from the mechanics dispute, said it welcomed the agreement. From staff and wire reports

Mallinckrodt sues health agencies Drugmaker’s shares plummet after it predicts sales hit REUTERS

Mallinckrodt Plc filed a lawsuit against the U.S. Department of Health and Human Services and forecast an approximately 10% hit to annual net sales of Acthar gel following changes to Medicaid rebate calculations, sending its shares plunging as much as 34% on Tuesday. Acthar, which is used to treat infantile spasms and multiple sclerosis, is the company’s biggest revenue generator, bringing about $1.11 billion in 2018, or 35% of total revenue. However, its annual sales growth has been slowing since 2016, with analysts predicting another decline in 2019. The lawsuit also named the

health agency’s Centers for Medicare and Medicaid Services (CMS), after the division changed how it calculated Medicaid discounts for Acthar gel. Mallinckrodt said the change could result in a one-time charge of up to $600 million. CMS is reviewing the lawsuit, a spokesman said. “While it remains to be seen whether Mallinckrodt’s lawsuit will allow it relief from CMS’ ruling, this will be yet another near-term overhang on Acthar,” said Ami Fadia, an analyst with SVB Leerink. The U.S. Justice Department last month joined a pair of whistleblower lawsuits alleging a drugmaker now owned by Mallinckrodt improperly promoted Acthar and paid kickbacks to doctors who prescribed the treatment. Mallinckrodt said CMS’ decision could impede its efforts

to develop new therapies for patients with fewest treatment options. The Medicaid program provides health coverage to lowincome Americans and is jointly paid for by the states and the federal government. The company’s shares closed $9.87, down $3.16. Including the session’s loss, Mallinckrodt’s shares have declined about 38% this year. Mallinckrodt’s U.S. operations are based in Hazelwood, but the company is in the process of spinning off its specialty generic drug business. That company will keep the Mallinckrodt name and remain in the St. Louis area. The parent company, which will focus on branded pharmaceuticals, including H.P. Acthar, is being renamed Sonorant Therapeutics. Sonorant will be based in Bedminster, N.J.

Bayer to probe Monsanto’s data gathering; effort to influence pesticide debate alleged REUTERS

BERLIN — Bayer on Tuesday hired law firm Sidley Austin to investigate a Europe-wide data collection scheme run by its Monsanto unit, which targeted journalists, politicians and other stakeholders to influence the debate on pesticides. Bayer last week admitted that Creve Coeur-based Monsanto, which it acquired for $63 billion last year, had gathered nonpublic information as part of the campaign, which French media said sought to influence the public debate on pesticides and genetically modified products. Bayer faces potentially heavy litigation costs from U.S. lawsuits in which plaintiffs claim that its Roundup weedkiller,

which contains glyphosate, causes cancer. Bayer disputes this. In a document posted on its website on Tuesday, Bayer said St. Louis-based public relations and marketing agency FleishmanHillard, on behalf of Monsanto, had mapped stakeholders in France, Germany, Italy, Netherlands, Poland, Spain and United Kingdom as well as stakeholders related to EU institutions. Sidley Austin will investigate how many stakeholders were included in those files and whether people from other countries could also be affected, Bayer said. A spokesman previously said the company did not believe a similar effort was undertaken in the U.S.

The law firm would then contact affected people, most of them journalists, politicians and scientists, no later than by the end of the coming week. French prosecutors said they had opened an inquiry after newspaper Le Monde filed a complaint alleging that Monsanto had kept a file of 200 names in hopes of influencing their positions. Bayer has ended its PR collaboration with FleishmanHillard, but continues to work with the firm on marketing projects. Bayer shares have shed more than 40 percent since a first adverse U.S. judgment on Roundup last August, leaving the company with a market capitalization smaller than the price it paid for Monsanto.