Latest news for Response Genetics (OTC:RGDXQ) Stock

Response Genetics Inc develops and sells diagnostic tests. It provides molecular- and biomarker-based tests and services which enables physicians to personalize the clinical management of each individual patient by providing genomic information to diagnose, monitor and inform cancer treatment. The group generates revenue from providing Biopharma Services, Clinical Services, and Discovery Services, of which majority of the revenue is derived from providing Biopharma Services. Biopharma services provide companies with customized solutions for patient stratification and treatment selection through molecular- and biomarker-based testing services, customized assay development and trial design consultation. The firm operates in the US and internationally and generates prime revenue from the US.

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Stocks That Hit 52-Week Highs On Monday

RESPONSE GENETICS INC by Response Genetics, Inc.

Response Genetics Inc

Telefonica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>) reported quarterly earnings of $0.11 per share. This is a 69.23 percent increase over earnings of $0.07 per share from the same period last year. The company reported $11.04 billion in sales this quarter. This is a 0.03 percent decrease over sales of $11.04 billion the same period last year.

Earnings

Telefonica Q2 Adj $0.11 Up From $0.07 YoY, Sales $11.04B Down From $11.04B YoY

Needham analyst Alex Henderson reiterates Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Buy and maintains $375 price target.

Price Target

Reiteration

Analyst Ratings

ANET

Needham Reiterates Buy on Arista Networks, Maintains $375 Price Target

GEHC

GE HealthCare Techs Q2 2024 Adj. EPS $1.00 Beats $0.98 Estimate, Sales $4.839B Miss $4.872B Estimate

Wolfe Research analyst Peter Supino downgrades Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) from Outperform to Peer Perform.

Downgrades

CHTR

Wolfe Research Downgrades Charter Communications to Peer Perform

Guidance

LXP Industrial Trust Tightens FY24 Estimated Adjusted Company FFO Per Share From $0.61 - $0.65 To $0.62 - $0.65, Est $0.63

JMP Securities analyst Patrick Walravens upgrades Pegasystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) from Market Perform to Market Outperform and announces $85 price target.

Upgrades

PEGA

JMP Securities Upgrades Pegasystems to Market Outperform, Announces $85 Price Target

LXP Industrial Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXP#NYSE">LXP</a>) reported quarterly AFFO of $0.16 per share which met the analyst consensus estimate. This is a 11.11 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $85.786 million which beat the analyst consensus estimate of $85.036 million by 0.88 percent. This is a 1.45 percent decrease over sales of $87.050 million the same period last year.

Earnings Beats

LXP Industrial Trust Q2 2024 AFFO $0.16, Inline, Sales $85.786M Beat $85.036M Estimate

Nobel Prize-winning economist Paul Krugman has raised concerns about potential pre-recessionary signals. He pointed to the Sahm Rule and its <a href="https://www.benzinga.com/economics/24/07/40046690/if-unemployment-rises-to-4-2-in-july-it-would-trigger-this-key-recessionary-indicator">implications for the U.S. economy</a>.
What Happened: Krugman discussed the possibility of a recession and the role of the Sahm Rule in predicting and managing economic downturns, in his opinion <a href="https://www.nytimes.com/2024/07/30/opinion/sahm-rule-unemployment-recession.html">piece</a> published in The New York Times on Wednesday.
The Sahm Rule, named after economist Claudia Sahm, is a key indicator used to predict the onset of a recession. It suggests that a recession may be underway if the average unemployment rate over the past three months has risen by 0.5 percentage points from its most recent low. 
&#8220;The Sahm rule is currently sending the right cautionary message about the labor market cooling, but the volume is too loud,&#8221; Krugman highlights the way Sahm presents its economic theory. 
This rule is designed to provide a timely signal for the federal government to take action to mitigate the recession&#8217;s impact.
&#8220;So are we entering a recession? A number of observers, including&nbsp;Sahm herself, have suggested that this time may be a bit different,&#8221; Krugman wrote. 
Krugman pointed out that the unemployment rate has been gradually increasing, potentially triggering the Sahm Rule. However, he noted that this may not necessarily indicate an impending recession. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39938672/us-stocks-tumble-magnificent-7-wipe-out-570-billion-as-mega-tech-earnings-disappoint-vix-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What&#8217;s Driving Markets?</a>
Factors such as a surge in new entrants to the labor force, including immigrants and remote workers, could be contributing to the rise in unemployment, creating a statistical illusion of a weakening economy.
&#8220;We may not be in a recession yet, but the job market is looking a bit, shall we say, pre-recessionary. To be fair, other indicators are looking stronger,&#8221; Krugman wrote. 
Despite this, Krugman emphasized the need for caution, especially for the Federal Reserve. He suggested that the current state of the job market, while not indicative of a recession, warrants a strong case for cutting interest rates.
Why It Matters: Krugman&#8217;s concerns come on the heels of his recent call for the Federal Reserve to <a href="https://www.benzinga.com/news/24/07/40027070/paul-krugman-says-cut-rates-now-now-now-as-new-york-feds-inflation-measure-hits-2-06-the-eagle-has-s">cut interest rates immediately</a>. On Tuesday, Krugman urged the Fed to implement rate cuts, citing the New York Fed's inflation measure hitting 2.06% as a key factor. 
He emphasized the need for immediate action, stating, "The eagle has soft landed. The New York Fed&#8217;s measure of underlying inflation is now just 2.06 percent. The Fed should cut rates now now now." 
The upcoming Federal Open Market Committee meeting on Jul, 30-31 will be crucial. It will mark the <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/40042583/will-powell-hint-at-september-rate-cut-what-major-us-investment-banks-expect-from">eighth consecutive session</a> where the federal funds rate is held steady at 5.25%-5.5%. 
As inflation eased in the second quarter and unemployment saw a slight uptick, the key question is whether policymakers, particularly Fed Chair Jerome Powell, will prepare investors for a potential rate cut in September.
The Sahm Rule has been gaining attention on Wall Street. Economist Claudia Sahm has expressed concern about the Fed's <a href="https://www.benzinga.com/news/24/06/39393497/jerome-powell-playing-with-fire-says-recession-rule-creator-claudia-sahm-about-feds-inaction-on-inte">reluctance to cut interest rates</a>, warning that it could push the economy into a recession. Sahm believes that the Fed's inaction poses a significant risk, given the increasing unemployment rate.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40005686/argentine-president-javier-milei-reaffirms-commitment-to-abolish-export-taxes-in-address-to-farmers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Argentine President Javier Milei Reaffirms Commitment To Abolish Export Taxes In Address To Farmers, But Frustration Grows Over Slow Reform Pace Amid Economic Challenges</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Economics

Federal Reserve

Paul Krugman Warns Of Pre-Recession Signals, Says 'Sahm Rule Is Currently Sending The Right Cautionary Message'

Mizuho analyst Dan Dolev upgrades Upstart Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) from Underperform to Outperform and raises the price target from $17 to $31.

UPST

Mizuho Upgrades Upstart Hldgs to Outperform, Raises Price Target to $31

Trane Technologies Raises FY24 Organic Revenue Growth Outlook To 10%; Adj EPS Outlook To $10.80 Vs. $10.54 Est.

When excluding the impact of the ACS segment wind down, the Company now expects revenue for full-year 2024 to grow between&nbsp;9%&nbsp;and&nbsp;10%&nbsp;on a constant-currency basis. Foreign currency is expected to be a&nbsp;1%&nbsp;headwind based on current exchange rates.

LIVN

LivaNova Now Expects FY24 Revenue To Grow 7% - 8% (Prior 6% - 7%) On Constant-Currency Basis; Raises Adjusted EPS Forecast From $3.05 - $3.15 To $3.10 - $3.20, Est $3.10

WIIM

GRPN

Groupon shares are trading lower following a Q2 EPS miss.

Comstock Resources shares are trading lower following worse-than-expected Q2 financial results.

Guidance
The Company&#39;s full-year 2024&nbsp;guidance&nbsp;as of July 31, 2024 is shown below:
<table align="center">
<tbody>
<tr>
<td>Initial 2024&nbsp;Guidance</td>
<td>Latest Estimate(1)</td>
</tr>
<tr>
<td>Product Revenues</td>
<td>$1.5B&nbsp;&ndash;&nbsp;$1.6B</td>
<td>Low end of range</td>
</tr>
<tr>
<td>Adjusted EBITDA Margin Rate</td>
<td>12.5%&nbsp;&ndash;&nbsp;13.5%</td>
<td>Above mid-point of range</td>
</tr>
<tr>
<td>Full-year Adjusted Effective Tax Rate</td>
<td>26%&nbsp;&ndash;&nbsp;29%</td>
<td>No change</td>
</tr>
<tr>
<td>Capital Expenditures</td>
<td>$65M&nbsp;&ndash;&nbsp;$75M</td>
<td>No change</td>
</tr>
<tr>
		</tr>
<tr>
<td colspan="4">(1) Based on the current forecast of customer orders, and light vehicle production in the Company&#39;s key markets declining at a low single digit rate in 2024 versus 2023, and a EUR to USD exchange rate of&nbsp;$1.08/Euro for the remainder of the year.</td>
</tr>
</tbody>
</table>

THRM

Gentherm 2024 Outlook: Sees Revenue Of $1.5b-$1.6b Vs. $1.527b Est.; And Adjusted EBITDA Margin Of 12.5%-13.5%

SWKS

Skyworks shares are trading lower following mixed Q3 earnings and soft Q4 guidance.

MTCH

Match Group shares are trading higher after the company reported better-than-expected Q2 revenue results and issued strong Q3 revenue guidance.

Public Service Enterprise Group shares are trading higher after the company reported better-than-expected Q2 sales results.

Live Nation Entertainment shares are trading lower following mixed Q2 earnings.

O-I Glass shares are trading lower after the company lowered its FY24 guidance.

AMD shares are trading higher following better-than-expected Q2 earnings.

Response Genetics

Monday&#39;s morning session saw 47 companies set new 52-week highs.

<h3>Key Facts:</h3>

<ul>
	<li>The largest company by market cap to hit a new 52-week high was Taiwan Semiconductor (NYSE:<a class="ticker" href="/stock/TSM#NYSE">TSM</a>).</li>
	<li>The smallest company when considering market cap to set a new 52-week high was Itoco (OTC:<a class="ticker" href="/stock/ITMC#OTC">ITMC</a>).</li>
	<li>Itoco (OTC:<a class="ticker" href="/stock/ITMC#OTC">ITMC</a>) saw the largest decline, as it traded down 2.48%, hitting its new 52-week high and then losing momentum.</li>
</ul>

The following stocks achieved new 52-week highs during the first half-hour of trading on Monday:

<ul>
	<li>Taiwan Semiconductor (NYSE:<a class="ticker" href="/stock/TSM#NYSE">TSM</a>) stock set a new 52-week high of $47.85 Monday morning. Over the session, the stock traded up 1.1%.</li>
	<li>Hennes &amp; Mauritz (OTC:<a class="ticker" href="/stock/HNNMY#OTC">HNNMY</a>) stock hit a yearly high price of $4.00. The stock was up 3.59% for the day.</li>
	<li>Hennes &amp; Mauritz (OTC:<a class="ticker" href="/stock/HMRZF#OTC">HMRZF</a>) stock on Monday broke to a yearly high of $20.21. Shares traded up 3.09%.</li>
	<li>Digital Realty Trust (OTC:<a class="ticker" href="/stock/DLRTP#OTC">DLRTP</a>) shares hit a yearly high of $25.18. The stock traded up 0.2% on the session.</li>
	<li>ANTA Sports Products (OTC:<a class="ticker" href="/stock/ANPDY#OTC">ANPDY</a>) stock made a new 52-week high of $216.24 Monday. The stock was up 0.11% for the day.</li>
	<li>RingCentral (NYSE:<a class="ticker" href="/stock/RNG#NYSE">RNG</a>) stock made a new 52-week high of $171.10 Monday. The stock was up 6.1% for the day.</li>
	<li>Aramark (NYSE:<a class="ticker" href="/stock/ARMK#NYSE">ARMK</a>) stock on Monday broke to a yearly high of $43.76. Shares traded up 2.74%.</li>
	<li>Teradyne (NASDAQ:<a class="ticker" href="/stock/TER#NASDAQ">TER</a>) shares achieved a new 52-week high on Monday morning, hitting $60.03 with a daily change of up 0.07%.</li>
	<li>Orkla (OTC:<a class="ticker" href="/stock/ORKLY#OTC">ORKLY</a>) shares achieved a new 52-week high on Monday morning, hitting $9.43 with a daily change of up 0.43%.</li>
	<li>Omega Healthcare (NYSE:<a class="ticker" href="/stock/OHI#NYSE">OHI</a>) stock set a new 52-week high of $42.43 Monday morning. Over the session, the stock traded down 0.02%.</li>
	<li>RenaissanceRe Holdings (NYSE:<a class="ticker" href="/stock/RNR#NYSE">RNR</a>) stock hit a yearly high price of $195.18. The stock was down 0.71% for the day.</li>
	<li>Flutter Entertainment (OTC:<a class="ticker" href="/stock/PDYPY#OTC">PDYPY</a>) shares reached a new 52-week high of $51.47 on Monday morning, moving down 0.06%.</li>
	<li>Algonquin Power (NYSE:<a class="ticker" href="/stock/AQN#NYSE">AQN</a>) shares hit $14.02 on Monday morning, setting a new 52-week high for a change of up 0.29%.</li>
	<li>Healthcare Realty Trust (NYSE:<a class="ticker" href="/stock/HR#NYSE">HR</a>) stock set a new 52-week high of $33.99 Monday morning. Over the session, the stock traded up 0.3%.</li>
	<li>Helen Of Troy (NASDAQ:<a class="ticker" href="/stock/HELE#NASDAQ">HELE</a>) shares broke to a new 52-week high of $161.21 on Monday. Shares of the company traded up 0.87%.</li>
	<li>Clicks Group (OTC:<a class="ticker" href="/stock/CLCGY#OTC">CLCGY</a>) shares were up 11.73% on Monday to hit a new 52-week high of $32.24 for a change of up 11.73%.</li>
	<li>RH (NYSE:<a class="ticker" href="/stock/RH#NYSE">RH</a>) shares hit a new 52-week high of $175.55. The stock traded up 3.49% on the session.</li>
	<li>Kinsale Capital Group (NASDAQ:<a class="ticker" href="/stock/KNSL#NASDAQ">KNSL</a>) shares were down 0.56% on Monday to hit a new 52-week high of $104.87 for a change of down 0.56%.</li>
	<li>Amkor Technology (NASDAQ:<a class="ticker" href="/stock/AMKR#NASDAQ">AMKR</a>) shares set a new yearly high of $9.99 this morning. The stock was up 0.96% on the session.</li>
	<li>Euronav (NYSE:<a class="ticker" href="/stock/EURN#NYSE">EURN</a>) shares were up 3.02% on Monday to hit a new 52-week high of $10.22 for a change of up 3.02%.</li>
	<li>PennyMac Mortgage (NYSE:<a class="ticker" href="/stock/PMT#NYSE">PMT</a>) shares were up 0.09% on Monday to hit a new 52-week high of $22.63 for a change of up 0.09%.</li>
	<li>Frontline (NYSE:<a class="ticker" href="/stock/FRO#NYSE">FRO</a>) stock set a new 52-week high of $10.78 Monday morning. Over the session, the stock traded up 5.17%.</li>
	<li>Scorpio Tankers (NYSE:<a class="ticker" href="/stock/STNG#NYSE">STNG</a>) shares broke to $33.90 on Monday, setting a new 52-week high with a change of down 0.45%.</li>
	<li>Hailiang Education Gr (NASDAQ:<a class="ticker" href="/stock/HLG#NASDAQ">HLG</a>) shares were up 0.14% on Monday to hit a new 52-week high of $66.40 for a change of up 0.14%.</li>
	<li>FormFactor (NASDAQ:<a class="ticker" href="/stock/FORM#NASDAQ">FORM</a>) shares hit a yearly high of $20.40. The stock traded up 0.74% on the session.</li>
	<li>Safehold (NYSE:<a class="ticker" href="/stock/SAFE#NYSE">SAFE</a>) shares reached a new 52-week high of $34.42 on Monday morning, moving up 1.25%.</li>
	<li>Tetragon Financial Group (OTC:<a class="ticker" href="/stock/TGONF#OTC">TGONF</a>) stock set a new 52-week high of $12.25 Monday morning. Over the session, the stock traded down 0.31%.</li>
	<li>DHT Holdings (NYSE:<a class="ticker" href="/stock/DHT#NYSE">DHT</a>) shares were up 3.78% on Monday to hit a new 52-week high of $7.00 for a change of up 3.78%.</li>
	<li>Construction Partners (NASDAQ:<a class="ticker" href="/stock/ROAD#NASDAQ">ROAD</a>) shares reached a new 52-week high of $16.77 on Monday morning, moving up 0.7%.</li>
	<li>International Seaways (NYSE:<a class="ticker" href="/stock/INSW#NYSE">INSW</a>) shares were up 10.9% on Monday morning to hit a new 52-week high of $22.92.</li>
	<li>Beazer Homes USA (NYSE:<a class="ticker" href="/stock/BZH#NYSE">BZH</a>) shares were up 0.78% on Monday morning to hit a new 52-week high of $15.48.</li>
	<li>Daily Journal (NASDAQ:<a class="ticker" href="/stock/DJCO#NASDAQ">DJCO</a>) shares broke to a new 52-week high of $279.48 on Monday. Shares of the company traded up 1.87%.</li>
	<li>Teekay Tankers (NYSE:<a class="ticker" href="/stock/TNK#NYSE">TNK</a>) shares set a new 52-week high of $1.57 on Monday, moving up 10.95%.</li>
	<li>Zynex (NASDAQ:<a class="ticker" href="/stock/ZYXI#NASDAQ">ZYXI</a>) shares set a new yearly high of $12.68 this morning. The stock was down 2.48% on the session.</li>
	<li>Liberty Gold (OTC:<a class="ticker" href="/stock/LGDTF#OTC">LGDTF</a>) shares reached a new 52-week high of $0.74 on Monday morning, moving up 2.34%.</li>
	<li>InfuSystems Holdings (AMEX:<a class="ticker" href="/stock/INFU#AMEX">INFU</a>) shares broke to $6.00 on Monday, setting a new 52-week high with a change of up 8.74%.</li>
	<li>Nephros (NASDAQ:<a class="ticker" href="/stock/NEPH#NASDAQ">NEPH</a>) shares set a new yearly high of $9.64 this morning. The stock was up 9.81% on the session.</li>
	<li>George Risk Industries (OTC:<a class="ticker" href="/stock/RSKIA#OTC">RSKIA</a>) stock on Monday broke to a yearly high of $9.19. Shares traded down 1.1%.</li>
	<li>Nextleaf Solutions (OTC:<a class="ticker" href="/stock/OILFF#OTC">OILFF</a>) shares reached a new 52-week high of $1.33 on Monday morning, moving up 5.94%.</li>
	<li>PwrCor (OTC:<a class="ticker" href="/stock/PWCO#OTC">PWCO</a>) stock made a new 52-week high of $0.18 Monday. The stock was up 3.99% for the day.</li>
	<li>BroadVision (NASDAQ:<a class="ticker" href="/stock/BVSN#NASDAQ">BVSN</a>) shares were up 12.3% on Monday to hit a new 52-week high of $2.79 for a change of up 12.3%.</li>
	<li>Chilco River Holdings (OTC:<a class="ticker" href="/stock/CRVH#OTC">CRVH</a>) shares set a new yearly high of $0.02 this morning. The stock was flat% on the session.</li>
	<li>Safetek International (OTC:<a class="ticker" href="/stock/SFIN#OTC">SFIN</a>) shares broke to $0.00133 on Monday, setting a new 52-week high with a change of flat%.</li>
	<li>Rich Pharmaceuticals (OTC:<a class="ticker" href="/stock/RCHA#OTC">RCHA</a>) shares set a new 52-week high of $0.0003 on Monday, moving flat%.</li>
	<li>Easylink Solutions (OTC:<a class="ticker" href="/stock/ESYL#OTC">ESYL</a>) stock set a new 52-week high of $0.02 Monday morning. Over the session, the stock traded up 837.5%.</li>
	<li>Response Genetics (OTC:<a class="ticker" href="/stock/RGDXQ#OTC">RGDXQ</a>) shares hit $0.01 on Monday morning, setting a new 52-week high for a change of up 55.56%.</li>
	<li>Itoco (OTC:<a class="ticker" href="/stock/ITMC#OTC">ITMC</a>) shares reached a new 52-week high of $0.69 on Monday morning, moving up 15.38%.</li>
</ul>

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The Only Monthly Membership With a Positive ROI!

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Response Genetics

News

Latest news for Response Genetics (OTC:RGDXQ) Stock

Monday, October 07, 2019