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Omar Venerio
Omar Venerio
Articles (871) 

2 Stocks Gain on Wednesday

Nutanix, Kroger rise on revised outlook, new initiative

The U.S. stock market traded lower in premarket trading but turned into bull territory with geopolitical risks in focus. Further, the minutes from the Federal Open Market Committee's September meeting wil be published at 2 p.m. Eastern.

Shares of Nutanix Inc. (NASDAQ:NTNX) climbed 3% today, extending yesterday's 9.9% gain, due to higher volume. More than 15.6 million shares were traded. The stock is moving due to analysts' opinions the company is gaining ground in the virtual machine management arena. The company went public a year ago, but is still down from its $37 share price.

Shares of The Kroger Co. (NYSE:KR) jumped 5% today after announcing its "Restock Kroger Plan" will be financed by capital investments, cost savings and free cash flow. The plan has four key drivers: redefine the customer experience, create customer value, develop talent and live Kroger's purpose.

Gainers

  • Nucor Corp. (NYSE:NUE)
  • Target Corp. (NYSE:TGT)
  • Kroger Co. (NYSE:KR)
  • Colgate-Palmolive Co. (CL)
  • PayPal Holdings Inc. (PYPL)
  • Johnson & Johnson (NYSE:JNJ)
  • DaVita Inc. (DVA)
  • Dollar General Corp. (NYSE:DG)

Losers

  • Robert Half International Inc. (RHI)
  • Navient Corp. (NAVI)
  • Juniper Networks Inc. (NYSE:JNPR)
  • Twenty-First Century Fox Inc. (NASDAQ:FOXA) (NASDAQ:FOX)
  • Chesapeake Energy Corp. (CHK)
  • Coach Inc. (NYSE:COH)

Global markets

The main European stock markets traded mostly flat. The FTSE 100 lost 0.06% and France's CAC 40 fell 0.02%, while Germany's DAX gained 0.17% and the IBEX 35 rose 1.34%.

In Asia, India’s BSE Sensex and Hong Kong’s Hang Seng Index were in red territory, while Japan’s Nikkei 225 and China’s Shanghai Composite closed up.

Disclosure: The author holds no positions in any stocks mentioned

About the author:

Omar Venerio
Omar Venerio is capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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