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Daily Market Wrap

John MorganJohn Morgan

The Barron’s 400 Index (B400) rose 4.40 points and 0.87 percent to 509.03 on Tuesday, with technology shares leading the gainers and cyclicals showing weakness. The broad U.S. market benefited from news that the nation’s trade deficit narrowed.

For 2014 to date, the B400 approached positive territory, but is still down 0.64 percent on the year.

Top percentage gainers in Tuesday’s session included Synaptics, FLIR systems, VMware, TripAdvisor and Synergy Resources.

Synaptics (SYNA) crossed above significant resistance to finish up strongly, jumping 9.33 percent to $53.19.

FLIR Systems (FLIR) ascended 9.67 percent to $31.80 after announcing development of new micro thermal imaging technology.

Cloud infrastructure play VMware (VMW) rose 6.21 percent to $94.60. The company said it hired a new strategy team and also received a new virtual infrastructure patent.

TripAdvisor (TRIP), continuing a new bout of volatility, added 5.64 percent to $84.91.

Oil & gas operator Synergy Resources (SYRG) gained 6.76 percent after announcing Q1 EPS that was in-line with analysts’ estimates at 0.08 cents per share.

On the negative side, leading percentage decliners included Fox Factory Holdings, Winnebago Industries, Gold Resources, American Railcar and C&J Energy Services.

Fox Factory (FOXF), a maker of vehicle suspension products, dropped 2.48 percent to $16.93.

Winnebago (WGO) lost 2.97 percent to $25.77.

Gold Resource Corp. (GORO), a precious metals miner with holdings in Mexico, fell 1.04 percent to $4.75.

American Railcar (ARII) lost 2.28 percent to $45.37.

Fracking services company C&J Energy (CJES) fell 2.40 percent to $21.55. Guggenheim lowered its rating on the stock from buy to neutral.

Other major indexes also gained Tuesday.

The Dow Jones Industrials advanced 106 points to 16,531, the Nasdaq rose 39 points to 4,153, and the S&P 500 added 11 points to 1,838.

John Morgan is a journalist and media executive who began his career at United Press International (UPI) and Cable News Network (CNN). He is a frequent editorial contributor to and other financial news outlets. Morgan was the founder of the Entertainment News Wire and several prominent media and entertainment sites including, and He has held management positions at two successful VC-backed portfolio companies.

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