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Omar Venerio
Omar Venerio
Articles (942) 

Cleantech Solutions Rises 5%, Domino's Pizza Falls 5% in Morning Trading

Companies move on earnings and expansion plans

U.S. stock market traded lower in premarket trading Thursday, with the major indexes retreating from record highs.

Shares of Cleantech Solutions International Inc. (NASDAQ:CLNT) jumped 5% on news that Sharing Economy Investment Ltd., a subsidiary, entered into an exclusivity agreement with 3D Discovery Co. Ltd., a digital marketing services provider, to acquire 51% of its stock. 

Parkson Yip, Cleantech's chief operating officer, commented on the deal. 

"We are excited about 3D Discovery's scanning and modeling technology, which will allow everyone with a smartphone to create interactive virtual spaces," he said. "This low-cost, automated and easy-to-use marketing tool can serve a broad range of industries, including property management, hospitality, tourism and event venues, among others. We believe this will be a revolutionary technology that makes creating 3-D virtual spaces as simple as taking photos."

Shares of Domino's Pizza Inc. (NYSE:DPZ) fell 5% after the company reported third-quarter EPS of $1.27 on revenue of $643.64 million, beating profit estimates by four cents per share and revenue expectations by $16.29 million. Revenue was up 13.6% year over year.

Gainers

  • DXC Technology Co. (NYSE:DXC)
  • Host Hotels & Resorts Inc. (HST)
  • XL Group Ltd. (NYSE:XL)
  • Fastenal Co. ​(FAST)
  • Kroger Co. (NYSE:KR)
  • Synopsys Inc. (SNPS)
  • Advanced Micro Devices Inc. (NASDAQ:AMD)
  • Netflix Inc. (NFLX)

Losers

Global markets

In Europe, the FTSE 100 gained 0.30% and Germany's DAX rose 0.09%, while France's CAC 40 fell 0.03% and the IBEX 35 declined 0.02%.

In Asia, China’s Shanghai Composite closed lower, but India’s BSE Sensex, Hong Kong’s Hang Seng Index and Japan’s Nikkei 225 were up 1.09%, 0.24% and 0.35% respectively.

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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