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Trader’s Buzzers – ARM Holdings plc ADR (ARMH), SunTrust Banks Inc (STI), Mead Johnson Nutrition CO (MJN), Ctrip.com International Ltd ADR (CTRP)

On Wednesday, S&P 500 closed 1.98 points higher at 2086.5, while the Nasdaq 100 closed up 14.2 points to 4528.19.

China sent markets into turmoil after its second devaluation in as many days, which was then followed by government intervention to prop up the currency to reduce buying pressure on the dollar, as it attempted to manage the currency’s new flexibility.

A survey of China’s factory output for July also missed forecasts, coming in at 6% year-on-year growth instead of the expected 6.6%, compounding the sell-off on global equity markets.

The uncertainty surrounding the direction of Chinese policy also had investors wondering whether the Federal Reserve may delay a rise in US interest rates. The dollar fell against the euro and the yen.

ARM Holdings plc (ADR) (NASDAQ:ARMH) finished last trade at $43.48, losing -2.34%. Trading volume recorded for this company was about 4.39 million shares as compared to its average volume of 2.17 million shares. The share price plunged almost -8.31% in the last one month, while its 52 week high is $54.82. The company has the total of 1.41 billion outstanding shares while its market capitalization is now about $21.04 billion. ARM Holdings plc (ADR) (NASDAQ:ARMH) has signed an expansive long-term graphics technology agreement with Samsung to enable the creation of next generation devices capable of delivering even more compelling visual experiences. The subscription license covers ARM® Mali™ graphics processing units (GPUs) counting the Mali-T820/830/860, the recently declared Mali-T880 and all future Mali GPUs.

This long term contract with ARM allows Samsung to continue creating innovative products addressing a range of price and performance points to meet the evolving needs of multiple markets. Samsung is already utilizing ARM Mali technology in SoCs powering an impressive range of leading consumer products.

Is ARMH a Solid Investment at These Levels? Read This Report For Details

SunTrust Banks, Inc. (NYSE:STI) closed at $42.95, down -2.36%, on volume of over 5.05 million shares. The share price fell -3.16% in the last 5 days. The company has an average trading volume of 3.37 million shares. In the time frame of the last one month, shares dropped almost -2.1%. Its market capitalization was $22.61 billion. SunTrust Banks, Inc. (NYSE:STI) survey, more than 17 percent of businesses plan to enter or expand into new international markets within the next five years. For many small and mid-market companies, global trade could lead to raised profits and sustained growth.

The U.S. Department of Commerce found that the U.S. had a record level of goods and services exports in 2014 – the fifth year in a row. To assist companies take advantage of the burgeoning international marketplace, SunTrust offers five strategies to navigate global trade and mitigate the risks involved.

How Should Investors Trade STI Now? Don’t Miss out a Special Trend Analysis

Mead Johnson Nutrition CO (NYSE:MJN) traded with -2.38% lost momentum to $84.87 in the latest trading session It captured $17.63 billion in market value. The total number of shares traded on the latest trading day was about 3.88 million shares. The day started out with an opening price of $86.12 and changed hands at price range of $84.03 – $86.38 apiece. Mead Johnson Nutrition CO (NYSE:MJN) declared that it has reached a settlement agreement with the U.S. Securities and Exchange Commission (“SEC”) fully resolving the SEC’s investigation of certain of Mead Johnson’s promotional practices in China during the period 2008-2013. The investigation was first revealed by Mead Johnson in 2013. Under the terms of the settlement agreement, Mead Johnson has agreed to disgorgement, in addition to the payment of pre-judgment interest and a penalty, resulting in an aggregate payment of US$12,030,000. This payment is in line with the expense provision the company took related to the SEC investigation within its first quarter, 2015, as revealed in its form 10-Q.

The settlement agreement provides that Mead Johnson neither admits nor denies the allegations in the settlement and order. Further, the agreement credits Mead Johnson for its cooperation with the investigation and for taking a number of positive steps to bolster its compliance program, function and processes.

Can MJN Show a Strong Recovery? Find out in This Research Report

Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) moved down during the previous trading session, traded with a decrease of -2.44% and closed at $70.24, after gaining total volume of 5.36 million shares. Its opening price was $70.29. It has total market capitalization of $10.23 billion and a total of 35.15 million outstanding shares. The company’s earnings per share (EPS) is $-0.05, while its beta value stands at 1.11 points. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel administration in China (“Ctrip” or the “Company”), declared its unaudited financial results for the second quarter ended June 30, 2015.

Highlights for the Second Quarter of 2015

  • Net revenues were RMB2.53 billion (US$408 million) for the second quarter of 2015, up 47% year-on-year.
  • Net commission earned (non-GAAP) was RMB2.49 billion for the second quarter, up 45% year-on-year. Net commission earned (non-GAAP) is calculated by deducting from the revenues the cost of transactions where the Company undertakes majority of the business risks, counting the inventory risks*. The Company accounts for discount offered to the customers as reduction to its revenues, and certain noteworthydiscount may result in selling price lower than cost.
  • Accommodation reservation volume raised 55% year-on-year, and accommodation reservation revenues raised 47% year-on-year, reaching RMB1.1 billion (US$178 million) for the second quarter of 2015.

Where CTRP is Headed Exactly? Find out in This Trend Analysis Reports