Today’s Biggest Index Movers: Kidney Dialysis, Platinum, and Semiconductors

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By Douglas A. McIntyre Published
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Kidney Dialysis and Treatment Stocks Up 7.8% today

This otherwise inert sector is being buoyed by the announced $112 million acquisition of the Dialysis Corporation of America (NASDAQ: DCAI) by U.S. Renal Care, a privately held company. This trend, however, could quickly move in the other direction, as DCAI is currently under investigation for potentially failing to fulfill its fiduciary duties.

Semiconductor Packaging and Assembly Up 4.2% today

The Semiconductor assembly sector continued a month of strong performance as Kulicke & Soffa (NASDAQ: KLIC) beat estimated second quarter earnings and projected a better than expected third quarter. ASML Holding (NASDAQ: ASML) also released solid earnings data today. Chip manufacturer Intel’s (NASDAQ:  INTC) strong report on Tuesday will also continue to boost the sector.

Platinum and Palladium Stocks Up 4.3% today

Platinum and Palladium equities are coming off a bad dip yesterday, as Credit Agricole strengthened investor confidence by predicting the two precious metals will beat gold as demand from China continues to increase. North American Palladium (AMEX: PAL) is up more than seven percent as the company announced the reopening its prolific mine in Ontario.

Data provided by Tickerspy.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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