Shale oil firms Diamondback Energy (FANG) and APA Corp. (APA), along with drug wholesaler Cardinal Health (CAH), were the top three S&P 500 index gainers on the stock market today. Contracted medical manufacturer Catalent (CTLT), drug giant Bristol Myers Squibb (BMY) and fertilizer maker CF Industries (CF) were the S&P 500’s biggest losers on Monday.
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Oil and gas stocks were winners Monday, with crude oil futures up 4.2%, to $97.01 a barrel. Natural gas futures rose slightly.
FANG stock popped 4% to 1392.6. Diamondback stock is moving up the right of a base, with a 162.34 entry.
CAH stock rose 3.1% to 69.69, reversing higher. UBS reaffirmed its Cardinal Health stock buy rating but raised its price target from 61 to 78. CAH stock had been pulling back somewhat after surging from mid-June to an intraday high of 71.45 on Aug. 15.
APA stock advanced 2.9% to 41.36, continuing to run up the right side of a base. APA Corp. the holding company for oil exploration firm Apache, has a 52.05 buy point.
S&P 500 Losers
CTLT stock tumbled 7.4% to 92.28, hitting its lowest levels since early May. Catalent earnings topped views, but the contract firm missed on sales and gave weak guidance.
BMY stock skidded 6.2% to 66.75, a six-month low. A blood thinner that Bristol Myers was testing with Johnson & Johnson (JNJ) fell short of expectations in a midstage trial of stroke patients.
CF stock sank 4.2% to 113.34, falling just below a 113.58 buy point, according to MarketSmith analysis. CF Industries stock had run up briskly in recent days and weeks.
Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.
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