Those topping the big-movers board for the week ended September 28 include Gilead, Apple, Altria, Hasbro, Novartis, and more.
By Christopher Araos
This is a new weekly series launched to help readers stay up to date with big movers within the simulated Best Ideas Newsletter portfolio and simulated Dividend Growth Newsletter portfolio.
Best Ideas Newsletter
Winners
Biotech powerhouse Gilead Sciences (GILD) advanced 2.3% during the week ending September 28 as the company announced a launch of generic versions for Epclusa and its blockbuster Harvoni. Another key mover of 2.2% on the week was Apple (AAPL), which persuaded a federal appeals court to throw out $234 million in damages for infringement of University of Wisconsin’s computer processing technology. Altria Group (MO) also rose 1.9% on the week on the hope that Hurricane Florence did not damage crops in the Carolinas.
Losers
Car-making giant General Motors (GM) lost 6.7% during the week ending September 28 as the auto sector as a whole continues to reel from the threat of mounting tariff talk and retaliation from China. The market punished Verint Systems (VRNT) with shares falling 5.3% during the week, on no new news. We’re chalking the move up to profit taking. SPDR S&P Dividend (SDY) declined 2.4% during the week, but we’re not reading too much into the move either. We continue to like these strong dividend payers included in the ETF.
Dividend Growth Newsletter
Winners
Hasbro (HAS) surged 4.5% during the week ending Sept 28 with no big news occurring during said week. The company continues to recover from the Toys “R” Us liquidiation. Another key mover of 4.2% was Novartis AG (NVS), which announced plans to axe 2,000 jobs globally. Gilead Sciences (GILD) surged 2.3% during the week ending Sept 28 thanks to the launch of generic versions for Epclusa and Harvoni, as mentioned previously.
Losers
Much of the same with respect to the biggest losers on the week in the simulated Dividend Growth Newsletter portfolio. General Motors (GM) lost 6.7% during the week as the auto sector continues to reel from tariffs. SPDR S&P Dividend (SDY) declined 2.4% during the week, but again, we’re not reading too much into the move. This well-diversified dividend-growth ETF is one of our favorites. Intel Corp (INTC) declined 2% during the week, due to announced delays in their roll out of 10nm server chips.
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Christopher Araos does not own shares in any of the securities mentioned above. Some of the companies written about in this article may be included in Valuentum’s simulated newsletter portfolios. Contact Valuentum for more information about its editorial policies.