This post is sponsored by TD Ameritrade
Talk about a letdown.
Friday’s monthly jobs report was a big whiff, raising questions about the health of the economy and causing investors to re-think odds of a summer interest rate hike.
The U.S. economy created just 38,000 jobs in May, the government said Friday in its monthly payrolls report, well below expectations for around 160,000 and the lowest figure since September 2010. Perhaps most concerning of all, there were job losses in construction and manufacturing, two sectors that often give strong clues about the overall health of the economy. This drop in construction and manufacturing jobs, combined with the weak overall number and downward revisions to previous jobs reports, raise some questions about what’s actually underlying the economy, and seem to contradict other recent data that pointed to a healthier consumer.
Before Friday, there was a lot of hawkish talk coming out of the Federal Reserve about possible rate hikes. But this jobs report may give the Fed new perspective. Odds of a rate hike fell sharply after the jobs report, to 6% in June, back at levels last seen around a month ago, according to CME futures. Chances of a July rate hike, which had climbed above 60% last week, fell to 37%. There may be a chance to get a read on the Fed’s reaction to this report later today, as Fed Governor Lael Brainard is scheduled to speak this afternoon.
Hot Undervalued Stocks To Watch Right Now: SeaWorld Entertainment, Inc.(SEAS)
SeaWorld Entertainment, Inc., incorporated on October 2, 2009, is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas, and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).
SeaWorld is the marine-life theme park brand. The Company’s SeaWorld theme parks offer interactive experiences, dining experiences, a range of live performances in the marine-life theme. It also offers a number of animal encounters, including the opportunity to work with trainers and feed marine animals, as well as themed thrill rides and theatrical shows that show its zoological collection. The Company owns and operates the SeaWorld branded theme parks, including SeaWorld Orlando, SeaWorld San Antonio and SeaWorld San Diego. SeaWorld Orlando is approximately 280 acre theme park in Orlando, Florida and is open year-round. SeaWorld Orlando is home to the Journey to Atlantis water coaster ride, Kraken, a floorless rollercoaster, and Manta, a flying rollercoaster, which integrates animals and an aquarium into its theme. SeaWorld San Antonio is a marine-life theme park spread across approximately 410 acres in San Antonio, Texas. SeaWorld San Antonio features rollercoaster s, including the Steel Eel and The Great White, along with a! collection of marine-themed shows and experiences, including the killer whale show One Ocean. SeaWorld San Diego spans across approximately 190 acres of waterfront property on Mission Bay in San Diego, California. SeaWorld San Diego has Manta, which is modeled on the Manta ride in SeaWorld Orlando, which includes animal habitats featuring bat rays and other marine-life, as well as a launch rollercoaster shaped like a manta ray.
The Company’s Busch Gardens theme parks are family-oriented destinations with foreign geographic settings. The Busch Gardens theme parks have a range of attractions and rollercoasters, exotic animals and theatrical productions. It owns and operates the Busch Gardens theme parks, including Busch Gardens Tampa, which features animals, thrill rides and shows spread across approximately 310 acres of land, and Busch Gardens Williamsburg, an approximately 420 acre theme park.
The Co mpany’s Aquatica branded water parks are family-oriented destinations that are based in a South Seas-themed tropical setting. Aquatica water parks build on the aquatic theme of its SeaWorld brand and feature rides, water attractions, white-sand beaches and a presentation of marine and terrestrial animals. The Company positions its Aquatica water parks as companions to its SeaWorld theme parks and owns and operates the Aquatica branded theme parks, including Aquatica Orlando, which is an approximately 80 acre South Seas-themed water park adjacent to SeaWorld Orlando; Aquatica San Antonio, which is a water park located within SeaWorld San Antonio featuring a range of waterslides, rivers, lagoons, a beach area and private cabanas, and Aquatica San Diego, an approximately 70 acre water park located near its SeaWorld San Diego theme park. Aquatica San Diego features Taumata Racer, a racing water ride, around approximately 180-degree swooping turn, and in and out of tunnels before racing them across the finish line.
Discovery ! Cove
Discovery Cove is an approximately 60 acre, reservations only, all-inclusive marine-life theme park. Discovery Cove provides guests with a full day of activities, including approximately 30-minute dolphin swim session and the opportunity to snorkel with tropical fish, wade in a lagoon with stingrays, and hand-feed birds in a free flight aviary.
Sesame Place is located on approximately 50 acres between Philadelphia and New York City. Sesame Place’s realm, Cookie’s Monster Land, features approximately five rides, an approximately three-story net climb, and a soft play area for the park’s youngest visitors. In addition, it has introduced Sesame Street brands in its other theme parks through Sesame Street-themed rides, shows, children’s play areas and merchandise.
Water Country USA
Water Country USA is located on approximately 220 acres and features water rides and attractions. The water park features appr oximately 23,000 square-foot wave pool, a science fiction themed interactive children’s play area, kid-sized water slides, live shows and other attractions.
Adventure Island, located adjacent to Busch Gardens Tampa, is an approximately 60 acre water park offering water rides, dining and other attractions with a Key West theme. The theme park features a wave pool and children’s water playground.
The Company competes with The Walt Disney Company, Universal Studios, Six Flags, Cedar Fair, Merlin Entertainments and Hershey Entertainment and Resorts Company.
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday's regular session.
Navistar International Corp (NYSE: NAV) Jun16 10.0 Puts Sweep: 902 @ ASK $0.35: 15k traded vs 1749 OI: Earnings Today Before Open $12.22 Ref ConocoPhillips (NYSE: COP) Fri 6/10 44.5 Puts (Wkly): 2000 @ ASK $0.43: 4051 traded vs 80 OI: $44.87 Ref SeaWorld Entertainment Inc (NYSE: SEAS) Sep16 17.0 Puts Sweep: 683 @ ASK $1.40: 2749 traded vs 313 OI: $16.52 Ref
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Hot Undervalued Stocks To Watch Right Now: Vaalco Energy Inc(EGY)
VAALCO Energy, Inc. (VAALCO), incorporated on February 28, 1989, is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. The Company’s segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support. The Company owns producing properties and conducts exploration activities as an operator in Gabon, West Africa; conducts exploration activities as an operator in Angola, West Africa, and participates in exploration and development activities as a non-operator in Equatorial Guinea, West Africa. In the United States, it operates unconventional resource properties in North Texas and hold undeveloped leasehold acreage in Montana. It also owns minor interests in conventional production activities as a non-operator in the United States. VAALCO’s subsidiaries include VAALCO Gabon (Etame), Inc., VAALCO Production (Gab on), Inc., VAALCO Angola (Kwanza), Inc., VAALCO UK (North Sea), Ltd., VAALCO International, Inc., VAALCO Energy (EG), Inc., VAALCO Energy Mauritius (EG) Limited and VAALCO Energy (USA), Inc.
The Company’s Etame Marin block is located offshore the Republic of Gabon (Gabon). The Etame Marin block covers an area of approximately 28,700 gross acres and consists of subsalt reservoirs that lie over 20 miles offshore in water depths of approximately 250 feet. The Etame, Avouma/South Tchibala, Ebouri, Southeast Etame and North Tchibala fields are included in the block. Production operations in the Etame Marin block include approximately 10 wells from over four platforms, approximately three subsea wells across all fields tied back by pipelines to deliver oil and associated natural gas through a riser system to allow for delivery, processing, storage and offloading the oil from a leased Floating, Production, Storage and Offloading vessel (FPSO) anchore d to the seabed on the block. Its aggregate production from ! the block is approximately 6.8 million barrels (MMBbls).
The Company has exploration rights to approximately 1.4 million acres offshore central Angola. Additionally, the Company is required to carry the Angolan national oil company, Sonangol P&P, for approximately 10% of the work program.
VAALCO has working interest in a portion of Block P, offshore Equatorial Guinea for the exploration potential on the block. The Company and its partners are working for development and exploration activities in the production area (PDA), including the approval of a development and production plan.
The Company owns approximately 640-acre lease in the Hefley field (Granite Wash formation) in North Texas. The two wells produced approximately 3,000 barrels (Bbls) of condensate and over 180 million cubic feet (MMcf) net to VAALCO. The Company owns working interest in approximately 22,000 gross acres (over 14,300 net acres) covering the Middle Bakken and deeper formations in the East Poplar unit and the Northwest Poplar field in Roosevelt County, Montana.
- [By Monica Gerson]
VAALCO Energy, Inc. (NYSE: EGY) is expected to post a quarterly loss at $0.11 per share on revenue of $18.59 million.
B2Gold Corp (NYSE: BTG) is estimated to post its quarterly earnings at $0.00 per share on revenue of $135.84 million.
Top 10 Penny Stocks To Buy Right Now: PDC Energy, Inc.(PDCE)
PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to midstream service providers, marketers, and utilities; crude oil; and natural gas liquids. The Gas Marketing segment purchases, aggregates, and resells natural gas; and purchases natural gas produced by third party producers for resale. This segment markets natural gas to third-party marketers and natural gas utilities, as well as to industrial and commercial customers. As of December 31, 2014, it had approximately 250 million barrels of crude oil equivalent of proved reserves; and owned an interest in approximately 2,900 gross producing wells. The company was forme rly known as Petroleum Development Corporation and changed its name to PDC Energy, Inc. in June 2012. PDC Energy, Inc. was founded in 1969 and is headquartered in Denver, Colorado.
- [By Ben Levisohn]
Goldman Sachs analyst Brian Singer and team contend that EOG Resources (EOG), Diamondback Energy (FANG), PDC Energy (PDCE), Pioneer Natural Resources (PXD), and RSP Permian (RSPP) can benefit from greater productivity. They explain:
- [By Ben Levisohn]
Names which screen well on a combination of attractive valuation and equitized capital structure, include Outperform rated Apache, Anadarko Petroleum,Gulfport Energy as well as Market Perform rated QEP Resources (QEP) and PDC Energy (PDCE).
Hot Undervalued Stocks To Watch Right Now: Cal-Maine Foods, Inc.(CALM)
Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. It offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Lands Best, Land O Lake, Farmhouse, and 4-Grain brand names, as well as under private labels. The company sells its products to various customers, including national and regional grocery store chains, club stores, foodservice distributors, and egg product consumers primarily in the southeastern, southwestern, mid-western, and mid-Atlantic regions of the United States. Cal-Maine Foods, Inc. was founded in 1969 and is based in Jackson, Mississippi.
- [By Manikandan Raman]
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Hot Undervalued Stocks To Watch Right Now: Turkcell Iletisim Hizmetleri AS(TKC)
Turkcell Iletisim Hizmetleri A.S. engages in establishing and operating a global system for mobile communications network in Turkey. It provides mobile voice, and Internet services over its mobile communications network; voice services, which include wireless telephone services on a prepaid and postpaid basis; mobile Internet and 3G services; consumer services; Telco services; TV and video services; music services; infotainment services; social community and other services; and mobile financial services The company also offers Turkcell enablers and platforms; corporate (B2B); corporate telco; authentication; location based; mobile marketing; machine-to-machine communications; and international roaming services. In addition, it provides Mobile Signature, a GSM service that enables customers to sign electronic documents and transactions with a legally-accepted digital signature using GSM SIM cards; and Mobile Billboard, which enables brands to reach their targeted customers . As of December 31, 2010, the company had approximately 23.3 million prepaid subscribers and 10.1 million postpaid subscribers. It sells its products and services through its distribution network consists of distributors, Turkcell distribution centers, corporate solution centers, non exclusive dealers, Turkcell communication centers, Turkcell stores, and consumer electronic Chains, as well as points of sale for prepaid airtime, including ATMs, POS, Web, call centers, supermarkets, and kiosks. The company was founded in 1993 and is headquartered in Istanbul, Turkey. Turkcell Iletisim Hizmetleri AS is a subsidiary of Turkcell Holding A.S.
- [By Lisa Levin]
In trading on Wednesday, telecommunications services shares slipped by 0.08 percent. Meanwhile, top losers in the sector included Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE: TKC), down 2 percent, and Telefonica Brasil SA (ADR) (NYSE: VIV), down 2.5 percent.