UPDATE: AMD's stock soars on heavy volume to pace chip sector's gainers

StoneMor Partners LP

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Consumer Discretionary : Diversified Consumer Services | Small Cap ValueCompany profile

StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services. It sells cemetery products and services both at the time of death, which it refers to as at-need, and prior to the time of death, which it refers to as pre-need. It operates approximately 310 cemeteries in over 30 states and Puerto Rico, and approximately 100 funeral homes in over 20 states and Puerto Rico.

UPDATE: AMD's stock soars on heavy volume to pace chip sector's gainers

4:41 pm ET December 3, 2018 (MarketWatch) Print

Shares of Advanced Micro Devices Inc. (AMD) shot up 11% in afternoon trade, to pace the PHLX Semiconductors Index's gainers, as the U.S.-China trade-war truce (http://www.marketwatch.com/story/dow-futures-up-500-points-on-trade-war-timeout-2018-12-03) helped boost sentiment toward the recently beaten down sector. AMD's trading volume swelled to 101.7 million shares, making the stock the most actively traded on the major U.S. exchanges. The semiconductor index (SOX) rallied 2.5%, with all 30 components gaining ground. The sector had been underperforming the broader market amid fears tariffs resulting from the trade war would weight on earnings and sales, with the SOX down 9.3% over the past three months while the S&P 500 has down 3.9%. Among the SOX's other more-active components Monday, shares of Micron Technology Inc. (MU) climbed 3.1%, Intel Corp. (INTC) rose 1.3%, Qualcomm Inc. (QCOM) advanced 1.3%, Nvidia Corp. (NVDA) rallied 3.5% and Applied Materials Inc. (AMAT) gained 2.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

December 03, 2018 16:41 ET (21:41 GMT)