The ADP private payrolls report showed a gain of 212,000 in February, below expectations and the slowest pace since August 2014. The January private payrolls report was revised up to 250,000.
The ADP data is considered a pre-indicator of Friday’s labor market report from the Bureau of Labor Statistics.
“Bottom line, job growth slowed in February but ADP revised up its previous years data which puts it more in line with what the BLS has been saying,” Peter Boockvar, chief market analyst at The Lindsey Group, said in a note.
Insights about U.S. Stocks that are active during the current trade, are depicted underneath:
Catalent Inc (NYSE:CTLT)’s shares declined -1.57%, and is now trading at $29.52. The Stock is active as 5.31M shares changed hands versus its average volume of 374,568.00 shares.
Catalent Inc, the leading global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, recently declared the pricing of an upsized secondary public offering of 23.7 million shares of its ordinary stock by certain of its stockholders at a price to the public of $29.50 per share. In addition, the Selling Stockholders have granted the underwriters a 30-day over-allotment option to purchase up to an additional 3.555 million shares of ordinary stock. The offering is predictable to close on March 9, 2015, subject to customary closing conditions. Catalent is not selling any stock in this transaction and will not receive any proceeds from the sale of the shares by the Selling Stockholders.
Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies and Deutsche Bank Securities are acting as joint bookrunning managers for the offering. Blackstone Capital Markets, Piper Jaffray, Raymond James, Wells Fargo Securities, William Blair and Evercore ISI are acting as co-managers for the offering.
A registration statement regarding the Catalent shares being sold by the Selling Stockholders was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2015.
Catalent, Inc. provides advanced delivery technologies and development solutions for drugs, biologics, and consumer health products. It operates through three segments: Oral Technologies, Medication Delivery Solutions, and Development & Clinical Services. The Oral Technologies segment provides advanced oral delivery technologies, counting formulation, development, and manufacturing of oral dose forms for prescription and consumer health products.
Alcoa Inc (NYSE:AA), dropped -5.73%, and is now trading at $14.31. The Stock is active as 17.11M shares changed hands versus its average volume of 18.66M shares.
Today, Lightweight metals leader Alcoa Inc., declared that José Aurélio Drummond will join the Corporation as President of Latin America effective March 9, 2015. Mr. Drummond, 50, will lead Alcoa’s Latin America region, supporting the Corporation’s transformation strategy through which Alcoa is growing its value-add businesses and creating a globally competitive commodity business. Mr. Drummond presently serves on Alcoa’s Brazil Advisory Board and formerly held global leadership roles at Whirlpool Corporation for 14 years. He will be based in São Paulo, Brazil.
“José brings noteworthy knowledge of Alcoa and experience managing and growing global operations, making him uniquely qualified to lead our Latin America region where we are building our value-add businesses,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “José will partner with Alcoa’s businesses and represent the Corporation in interactions with regional policy makers, regulatory authorities, industry sector leaders and other key stakeholders to facilitate growth initiatives for our operations in the region.”
A global leader in lightweight metals technology, engineering and manufacturing, Alcoa innovates multi-material solutions that advance our world. Our technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products.
Cisco Systems, Inc (NASDAQ:CSCO), dwindled -1.00%, and is now trading at $29.23. The Stock is active as 8.09M shares changed hands versus its average volume of 32.72M shares.
In the Internet of Everything (IoE), immense amounts of data are being generated daily from smartphones, sensors, video cameras and other connected devices. Extracting their value and transforming them into actionable business strategies is a daunting challenge for data deluged customers. To make it easier for customers to achieve business outcomes, Cisco (NASDAQ: CSCO) is recently announcing it has established software resale contracts with Cloudera, Hortonworks® and MapR for their industry leading Apache™ Hadoop® Data Administration capabilities and innovation.
A broad ecosystem of partners has been critical to Cisco’s success over the past 30 years. Data integration and administration software partners Cloudera, Hortonworks and MapR will continue to play a critical role in customer success in the big data and analytics market.
Micron Technology, Inc (NASDAQ:MU), dipped -1.96%, and is now trading at $29.08. The Stock is active as 9.49M shares changed hands versus its average volume of 23.49M shares.
The company has the market capitalization of $31.33B. The beta value of the stock is 1.58. On the other hand the stock’s volatility for the week is 2.38%, and for the month is 2.97%. The stock price to book value is $2.72, however price to sale value is $1.89. Analyst’s mean recommendation regarding this stock is 1.90. (where 1=Buy, 5=Sale).
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The corporation manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.
