Stocks to Watch | Nasdaq Gains Over 1%; Miromatrix Medical Skyrocketing 220%: More about Today's Headlines

Alzamend Neuro Inc Ordinary Shares +1.69%
CommScope Holding Co., Inc. -1.04%
Eargo, Inc. Delist
McDonald's Corporation +0.62%
Miromatrix Medical Inc. Delist

Alzamend Neuro Inc Ordinary Shares

ALZN

0.90

+1.69%

CommScope Holding Co., Inc.

COMM

1.90

-1.04%

Eargo, Inc.

EAR

2.57

Delist

McDonald's Corporation

MCD

297.75

+0.62%

Miromatrix Medical Inc.

MIRO

3.39

Delist

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 250 points on Monday.

Following the market opening Monday, the Dow traded up 0.85% to 32,695.89 while the NASDAQ rose 1.20% to 12,794.11. The S&P 500 also rose, gaining, 0.95% to 4,156.53.

 

Leading and Lagging Sectors

Communication services shares jumped by 1.9% on Monday.

In trading on Monday, health care shares rose by just 0.4%.

 

Top Headline

McDonald's Corporation(MCD.US) reported better-than-expected earnings for its third quarter.

McDonald's reported third-quarter FY23 sales growth of 14% year-on-year to $6.692 billion, beating the analyst consensus estimate of $6.577 billion. Adjusted EPS of $3.19 beat the consensus estimate of $3.00.

McDonald's sees FY23 operating margin of 46%; Capital expenditure of $2.2 billion - $2.4 billion.

 

Equities Trading UP

Miromatrix Medical Inc.(MIRO.US) shares shot up 231% to $3.34 after United Therapeutics agreed to acquire the company for $3.25 per share in cash.

Shares of VYNE THERAPEUTICS INC(VYNE.US) got a boost, shooting 52% to $3.40 after the company announced a private placement of $88 million and data from its Phase 1b trial evaluating once-daily dosing of VYN201 in patients with nonsegmental vitiligo.

Eargo, Inc.(EAR.US) shares were also up, gaining 54% to $2.59 after the company announced it will be taken private by Patient Square Capital.

 

Equities Trading DOWN

 

CommScope Holding Co., Inc.(COMM.US) shares dropped 30% to $1.7050 after the company reported preliminary third-quarter financial results.

Shares of Alzamend Neuro Inc Ordinary Shares(ALZN.US) were down 25% to $0.1309 after the company announced a reverse stock split.

Tenax Therapeutics, Inc.(TENX.US) was down, falling 21% to $0.1990.

 

Commodities

In commodity news, oil traded down 1.2% to $84.49 while gold traded up 0.3% at $2,004.90.

Silver traded up 1.8% to $23.30 on Monday while copper rose 1.6% to $3.7045.

 

Economics

The Dallas Fed manufacturing index will be released at 10:30 a.m. ET.

 

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