Closing Bell Movers: Calix jumps 15% on earnings beat, guidance raise

In the opening 90 minutes of the evening session, U.S. equity futures are flat, with S&P500 below 5,200, Dow Industrials just over 38,300, and Nasdaq 100 off by 0.1% above 17,900.  WTI crude oil is off Monday’s lows below $63 per barrel while gold continues its parabolic climb of the past two weeks, making new record highs above $3,450 per ounce. 

Monday’s markets were decidedly negative, with no signs of visibility toward the tariff standoff and more blame-shifting by the White House in the direction of Federal Reserve chairman Powell attributed to risk-off flows.  Consumer Discretionary and Tech were the worst performing sectors on the S&P 500, though the pockets of strength even in the defensive areas were few and far between.  Investors also resumed selling traditional safe-havens of Treasures and U.S. Dollar – the yield on the 10-year was up for the 2nd straight day to reach 4.40% while the Dollar Index is now at its lowest level in three years.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS – 

• Calix (CALX) up 16.9%
• Flexsteel Industries (FLXS) up 8.4%
• Cathay General Bancorp (CATY) up 1.4%

ALSO HIGHER –

• Atkore (ATKR) up 5.1% after Q2 pre-announcement

DOWN AFTER EARNINGS –

• AZZ Inc. (AZZ) down 7.6%
• Medpace (MEDP) down 6.9%
• Hexcel Corporation (HXL) down 4.5%
• Zions Bancorp (ZION) down 3.8%
• W. R. Berkley Corporation (WRB) down 3.5%
• BOK Financial  (BOKF) down 2.3%