Alcon Grows in Q2; NexPoint Real Estate Finance Stock Slide



In mid-trading on Wednesday, the Dow fell 0.12% to 35,299.82, while the NASDAQ fell 0.01% to 14,654.93. The S&P also fell 0.10% to 443.63.

The United States has the largest number of coronavirus cases and deaths in the world, with 37,017,890 cases in total and about 623,320 deaths. India has confirmed a total of at least 32,285,850 cases and 432,510 deaths, while Brazil has reported over 20,416,180 COVID-19 cases and 570,590 deaths. In total, there have been at least 208,653,610 COVID-19 cases and more than 4,383,330 deaths worldwide, according to data compiled by Johns Hopkins University.

Leading and lagging sectors

Consumer stocks rose 0.7% on Wednesday. Meanwhile, the growth leaders in sector included Beachbody, Inc. (NASDAQ: BODY), an increase of 10% and Uxin Limited (NASDAQ: UXIN) up to 11%.

At auction on Wednesday, real estate fell 0.8%.

Top heading

Target Corporation (NYSE: TGT) reported second-quarter earnings on Wednesday better than expected.

Target reported adjusted quarterly earnings of $ 3.64 per share, beating analysts’ expectations of $ 3.49 per share. The company’s quarterly sales totaled $ 25.16 billion versus $ 25.08 billion. The company also announced a $ 15 billion buyback plan.

Upward trading stocks

BrainsWay Ltd. (NASDAQ: Bway) shares rose 19% to $ 9.09. The FDA has approved the BrainsWay Deep Transcranial Magnetic Stimulation System (Deep TMS) to reduce symptoms of comorbid anxiety in adult patients with depression, also known as anxiety depression.

Stock Alcon Inc. (NYSE: ALC) rose 12% to $ 79.60 after the company announced optimistic second-quarter results and raised its forecast.

Virpax Pharmaceuticals, Inc. (NASDAQ: VRPX) shares were also up, adding 68% to $ 25.76. Virpax Pharmaceuticals jumped 265% on Tuesday after the company announced it had received a written preliminary investigation of a new drug from the US Food and Drug Administration for MMS019.

Look at these great figures of the day

Stocks are trading down

NexPoint Real Estate Finance, Inc. (NYSE: NREF) shares fell 10% to $ 20.75 as the company valued the placement of 2 million common shares at $ 21 per share.

Stock Tuya Inc. (NYSE: TUYA) fell 18% to $ 12.37 after the company released financial results for the second quarter. The non-GAAP loss on ADS was $ (0.04), while the company reported 118% year-over-year revenue growth of $ 84.7 million in fiscal 21 second quarter yoy to $ 84.7 million. surpassed the analyst consensus of $ 78 million. Tuya expects third-quarter revenue to be $ 83 million, down $ 86 million from the $ 109.9 million analyst consensus.

America’s Car-Mart, Inc. (NASDAQ: CRMT) fell 12% to $ 142.33 despite reports of optimistic first-quarter earnings and sales.


On the commodity side, oil rose 0.2% to $ 66.73 while gold fell 0.4% to $ 1,781.30.

Silver was down 1.3% on Wednesday to hit $ 23.36, while copper was down 2.2% to hit $ 4.1140.


European stocks were mostly higher today. Eurozone STOXX 600 added 0.1%, Spanish Ibex Index – 1.19%, and German DAX 30 – 0.23%. Meanwhile, London’s FTSE 100 fell 0.28%, France’s CAC 40 fell 0.71% and Italy’s FTSE MIB added 0.52%.

Eurozone CPI was confirmed at 2.2% y / y in July, while construction rose 2.8% y / y in June.

UK consumer price inflation eased to 2.0% year on year in July from 2.5% in the previous month, while product prices rose 4.9% year on year in July.


In July, US new home starts fell 7% to 1.543 million annually, while building permits rose 2.6% to 1.635 million annually.

US crude oil inventories fell 3.234 million barrels in the week of Aug. 13, compared with a 0.447 million drop in the previous period, the Energy Information Administration said.

The Treasury plans to auction the 20-year bonds at 1:00 pm ET.

The Federal Open Markets Committee will release minutes of its last meeting at 2:00 pm ET.

Check out the full economic calendar here

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