White House official infected with Covid-19, has mild symptoms

Support.com Continues To Gain, Up 8%

Shares of small-cap company Support.com, Inc. (SPRT) are gaining nearly 8% on Tuesday morning despite no stock-related news to drive the shares.

SPRT is currently trading at $4.74, up $0.35 or 7.97%, on the Nasdaq. The stock has more than doubled in the year-to-date period. It has traded between $1.90 and $9.45 in that time frame.

Support.com provides customer and technical support solutions through home-based employees primarily in the United States.

Why Is NeuroBo Pharmaceuticals Stock Up 40%?

Shares of clinical-stage biotechnology company NeuroBo Pharmaceuticals Inc. (NRBO) are currently surging nearly 40% on Tuesday morning despite no stock related news to drive the shares.

NRBO is currently trading at $3.90, up $1.08 or 38.30%, on the Nasdaq, on a volume of 39.1 million, up from average volume of 330 thousand. The stock has traded between $2.70 and $8.65 in the 52 week period.

On July 9, 2021, the company announced the results of the elections at its Annual Meeting of Shareholders, during which Hyung Heon Kim and Andrew Koven were elected to the Board of Directors.

NeuroBo Pharmaceuticals provides therapies for coronavirus, neurodegenerative, and cardiometabolic diseases. Its therapeutics programs include ANA001, an oral niclosamide formulation, which has completed Phase 2 clinical trial to treat patients with moderate coronavirus disease.

HCA Healthcare Gains On Earnings Increase, Revised Outlook

HCA Healthcare, Inc. (HCA) shares are rising on Tuesday morning trade after the company reported an increase in second-quarter net profit and raised its guidance for the full year.

Second-quarter net profit increased to $1.66 billion from $1.22 billion in the prior year. On a per-share basis, earnings were $4.36, up from $3.16 in the previous year.

Revenue for the quarter was $14.44 billion, up from $11.07 billion last year.

Wall Street analysts were looking for earnings of $3.64 on revenue of $13.61 billion.
For the full year, the company revised its earnings per share projection to a range of $16.30-$17.10 and revenue guidance to a range of $57 to $58 billion.

Earlier, the company expected earnings in a range of $13.30 to $14.30 per share on revenues between $54.0 billion and $55.5 billion.

Currently, shares are at $241.36, up 10.90 percent from the previous close of $217.63.

European Economics Preview: Eurozone Current Account Data Due

Current account data from the euro area is due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s producer prices for June. Economists forecast producer price inflation to rise to 8.4 percent from 7.2 percent in May.

Also, Swiss foreign trade data is due for June. The trade surplus totaled CHF 4.9 billion in May.

In the meantime, the Czech producer prices for June is due. Producer price inflation is forecast to rise to 5.9 percent from 5.1 percent in May.

At 4.00 am ET, the European Central Bank publishes euro area current account data for May and the bank lending survey results. The current account surplus totaled EUR 31.4 billion in April.

Also, industrial production and producer prices from Poland are due. Economists forecast industrial output to advance 19 percent on year in June, following 29.8 percent rise in May. Producer prices are expected to climb 6.8 percent annually versus 6.5 percent in the previous month.

Stocks rebound after the Delta variant spread prompted a rout.

By Eshe Nelson and Coral Murphy Marcos

Options trader bets on a huge rebound for Nordstrom

Nordstrom may have lost more than 3% in Monday's washout — but that price action emboldened, rather than deterred — at least one options trader to make a very bullish bet on the retailer's stock.

As of Monday's close, Nordstrom had lost 13% in the last week of trading. This trader looks to be betting that the bottom is in, and that the stock could jump as much as 34% by August expiration.

"We saw a big put sale early in the day on 2.4 times the average daily options volume, but that put sale is really more of a bullish bet; somebody taking advantage of the fact that people are expressing a great deal of distress, willing to get long on that stock at a lower level," Michael Khouw, chief investment officer at Optimize Advisors, said Monday on CNBC's "Fast Money."

That put sale was only half the story, though, as it looks like this trader used the premium they collected in that trade to finance an even more bullish call spread purchase.

"We saw somebody buying 3,000 of the August 37/42.5 call spreads, and so that's also expressing a bullish outlook going into earnings, trying to take advantage of today's weakness and elevations in implied volatility to position themselves for a potential rebound," said Khouw.

That trade breaks even at a stock price of $37.57, or nearly 19% higher than where the stock ended Monday's session, and sees maximum profits at $42.50, or 34% higher.

Nordstrom was up 4.75% in Tuesday's session.

Disclaimer

White House official infected with Covid-19, has mild symptoms

WASHINGTON (REUTERS) – A fully vaccinated White House official tested positive for Covid-19 off site and has mild symptoms but was not found to have had close contacts with White House principals or staff, a White House official said on Tuesday (July 20).

The official remains off White House grounds pending additional testing for confirmation, the official said.

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