Riot Blockchain Inc (NASDAQ:RIOT) (MarketWatch)
Shares in Castle Rock, Colo.-based Riot Blockchain Inc. fell by more than 30% Friday after an investigative report raised fresh concerns about the cryptocurrency-related company’s business and recent executive share sales. On Oct. 4, 2017, the company changed its name from Bioptix Inc. to Riot Blockchain, as it pivoted from a biopharma company to its newfound cryptocurrency strategy, sending its shares surging, as bitcoin and other digital currencies were rocketing in value, and mainstream interest in distributed-ledger technology, or blockchain, was surging.
IPG Photonics Corporation (NASDAQ:IPGP) (The Motley Fool)
What happened: Sometimes, life just doesn’t seem fair. For investors in fiber laser-maker IPG Photonics (NASDAQ:IPGP), Friday was one of those times. Releasing its Q4 and full-year 2017 results Friday morning, IPG reported that its sales surged 29% in Q4 to $361.1 million, and operating profits soared 41% to $148.3 million. True, profits per diluted share declined a steep 31%, but that was mainly because IPG recorded $0.90 in true one-time charges due to the effects of tax reform that were entirely out of its control.
Synchronoss Technologies, Inc. (NASDAQ:SNCR) (Benzinga)
Synchronoss Technologies, Inc. shares climbed 23.2 percent to $9.19 after the global software and services said it has closed a previously announced sale of $185 million worth of newly created preferred stock to affiliates of Siris Capital Group.
Shake Shack Inc (NYSE:SHAK) (CNBC)
Shake Shack – Shake Shack beat estimates by 4 cents a share, with adjusted quarterly profit of 10 cents per share. The restaurant chain’s revenue was above Street forecasts, as well. Comparable-store sales rose 0.8 percent, but that was slightly short of the consensus estimate of a 1.0 percent increase. Shake Shack also gave a weaker-than-expected forecast.
Kraft Heinz Co (NASDAQ:KHC) (TheStreet)
The Kraft Heinz Company (KHC) is not finishing off the week on a strong note. While the S&P 500 is up more than 4% over the last five trading sessions, Kraft Heinz stock is down 3.5% and made new 52-week lows on Friday. The move comes after the company missed on both earnings and revenue estimates for the fourth quarter. Kraft Heinz is suffering a “generational problem,” TheStreet’s Jim Cramer said on CNBC’s “Mad Dash” segment. What does that mean exactly? That Millennial shoppers are simply not interested in buying these non-organic pantry items.
Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) (Bloomberg)
Shares of automakers Ford Motor Co. and General Motors Co. declined after the U.S. Commerce Department recommended a crackdown on imported aluminum and steel that could make sourcing raw materials for their vehicles costlier. Ford fell as much as 2.2 percent and GM fell as much as 1.3 percent as of 1:01 p.m. Friday in New York trading. Both automakers reversed gains after Commerce Secretary Wilbur Ross proposed a 24 percent global tariff on steel shipments coming into the U.S. and a 7.7 percent duty on aluminum imports.
