Related ALJ Barclays Ratings And Price Target Changes For Wednesday, July 13, 2016 Delek Holdings Downgraded At JPMorgan, Price Target Cut Following Sum Of The Parts Valuation The Refining Industry's Summer Of Discontent (Seeking Alpha) Related DK Barclays Ratings And Price Target Changes For Wednesday, July 13, 2016 7 Largest Price Target Changes For Monday Alon USA +5% after updating on strategic alternatives (Seeking Alpha)
Barclays has downgraded Phillips 66 (NYSE: PSX) to Equal Weight from Overweight and cut the price target to $86 from $93, citing limited upside in shares.
Hot Electric Utility Stocks To Buy For 2017: MGT Capital Investments Inc(MGT)
MGT Capital Investments, Inc., together with its subsidiaries, engages in acquiring, developing, and monetizing assets in the casino, online, and mobile gaming space. It operates through four segments: Medicsight Software/Devices, Medicsight Services, Gaming, and Intellectual Property. The company develops, publishes, distributes, and sells mobile games for smartphones and tablets; develops and produces free to play mobile and social casinostyle games; and owns the United States patents related to casino gaming systems. It also operates DraftDay.com, a daily fantasy sports Website that offers players to participate in real money daily fantasy gameplay for the NFL, MLB, NCAA, NHL, NBA, and professional golf; FantasySportsLive.com, an online portal for fantasy sports news and commentary; and Slot Champ. The company has strategic alliance agreements with M2P Entertainment GmbH; M2P Americas, Inc.; and MGT Studios, Inc. to marke t and exploit M2P Entertainment GmbHs gaming technology in North and South America. MGT Capital Investments, Inc. was founded in 1979 and is based in Harrison, New York.
- [By Lisa Levin]
MGT Capital Investments Inc. (NYSE: MGT) shares shot up 73 percent to $2.98 after John McAfee proposed to become Executive Chairman and CEO.
Shares of Anacor Pharmaceuticals Inc (NASDAQ: ANAC) got a boost, shooting up 55 percent to $99.49 after the company agreed to be acquired by Pfizer Inc. (NYSE: PFE) for $99.25 per share.
Hot Electric Utility Stocks To Buy For 2017: SK TELECOM ADR EACH REP 1/9 KRW500(CIT)
SK Telecom Co., Ltd. provides wireless telecommunications services using code division multiple access (CDMA) and wide-band CDMA technologies. It offers cellular voice services, such as wireless voice transmission services; and wireless global roaming services. The company also provides wireless data transmission services, such as wireless Internet access services, which allow subscribers to access online digital contents and services, as well as to send and receive text and multimedia messages. In addition, it offers broadband Internet and fixed-line telephone services, such as video-on-demand and IP TV services; and local, domestic, and international long-distance fixed-line telephone services to residential and commercial subscribers. Further, the company provides wireless entertainment-related contents and services, wireless finance-related contents and m-commerce services, and wireless news and search services; and international calling services, such as direct-dial, pre and post paid card calling services, bundled services for corporate customers, voice services using Internet protocol, Web-to-phone services, and data services. Additionally, it offers satellite digital media broadcasting services; telematics services; and fixed-line and online community portal services. The company also operates 11th Street, an online shopping mall; and T Store, an online open marketplace for mobile applications. As of March 31, 2011, SK Telecom Co. had 26 million wireless subscribers. It has strategic alliances with Bridge Alliance; Orange SA; Telecom Italia Mobile S.p.A.; T-Mobile International AG & Co; and Teliasonera Mobile Networks AB. The company was formerly known as Korea Mobile Telecommunications Co., Ltd. and changed its name to SK Telecom Co., Ltd. in March 1997. SK Telecom Co., Ltd. was founded in 1984 and is based in Seoul, South Korea.
- [By Lisa Abramowicz]
There was this maturity wall that people were terrified of, said Neil Wessan, the group head of New York-based CIT Group Inc. (CIT)s capital markets unit. Thats been spread out over a much broader period of time.
- [By Ben Levisohn]
We will admit that these latter assumptions are somewhat arbitrary, but nevertheless we cannot help escape the view that in 2017 everything will likely be at least a little adverse to prior expectations. On average our estimate reductions are 8%, and range from 3% at CIT Group (CIT) to 13% at Goldman Sachs. With that, we are lowering our PT of Bank of America,Citigroup andGoldman Sachs from $20, $70 and $243 to $18, $63 and $214, respectively…
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products. The High Performance Materials and Components segment provides various high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts. This segment serves aerospace and defense, oil and gas, chemical process industry, electrical energy, and medical markets. The Flat-Rolled Products segment offers stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-base d alloys in various product forms comprising plates, sheets, engineered strips, and precision rolled strip products, as well as grain-oriented electrical steel sheets. This segment serves oil and gas, chemical process industry, electrical energy, automotive, food processing equipment and appliances, construction and mining, electronics, communication equipment and computers, and aerospace and defense markets. The company sells its products through direct sales and independent representatives. Allegheny Technologies Incorporated was founded in 1960 and is headquartered in Pittsburgh, Pennsylvania.
- [By Scott Rubin]
Notable gainers included Linear Technology Corporation(NASDAQ: LLTC), which jumped 29 percent on an announced buyout, and Allegheny Technologies Incorporated (NYSE: ATI), which climbed nearly 19 percent on the day. Sanmina Corp (NASDAQ: SANM) fell 15 percent after earnings and Air Methods Corp (NASDAQ: AIRM) fell nearly 12 percent after the company said its Q2 results would miss expectations.
Hot Electric Utility Stocks To Buy For 2017: CSX Corporation(CSX)
CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Company provides rail-based transportation services, including rail service and the transport of intermodal containers and trailers. The Company serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links customers to railroads through trucks and terminals. CSXT als o serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.
The Company’s merchandise business consists of shipments in the diverse markets, such as agricultural products, phosphates and fertilizers, food and consumer, chemicals, automotive, metals, forest products, minerals, and waste and equipment. The Company’s coal business transports domestic coal, coke and iron ore to electricity-generating power plants, steel manufacturers and industrial plants, as well as exports coal to deep-water port facilities. The Company’s intermodal business combines the rail transportation with the short-haul flexibility of trucks and offers long-haul trucking. The Company’s intermodal business serves all markets, which are located in east of the Mississippi River, and transports manufactured consumer goods in containers. The Company provides customers with truck-like service for longer shipments.
In addition to CSXT, the Company’s subsidiaries include CSX ! Intermodal Terminals, Inc. (CSX Intermodal Terminals), Total Distribution Services, Inc. (TDSI), Transflo Terminal Services, Inc. (Transflo), CSX Technology, Inc. (CSX Technology) and other subsidiaries. CSX Intermodal Terminals owns and operates a system of intermodal terminals, predominantly in the eastern United States, and also performs drayage services (the pickup and delivery of intermodal shipments) for certain customers and trucking dispatch operations. TDSI serves the automotive industry with distribution centers and storage locations. Transflo transfers products from rail to trucks. The Transflo markets are chemicals and agriculture, which include shipments of plastics and ethanol. CSX Technology and other subsidiaries provide support services for the Company. CSX’s other holdings include CSX Real Property, Inc., a subsidiary responsible for the Company’s operating and non-operating real estate sales, leasing, acquisition, and management and development activities.
The Company competes with Norfolk Southern Railway.
- [By Monica Gerson]
CSX Corporation (NASDAQ: CSX) reported in-line earnings for its first quarter, but the company missed analysts’ sales estimates. CSX shares gained 0.44 percent to $25.10 in after-hours trading.
- [By Monica Gerson]
CSX Corporation (NASDAQ: CSX) is expected to post its quarterly earnings at $0.37 per share on revenue of $2.68 billion.
ADTRAN, Inc. (NASDAQ: ADTN) is projected to post its quarterly earnings at $0.08 per share on revenue of $141.07 million.
Hot Electric Utility Stocks To Buy For 2017: Marathon Oil Corporation(MRO)
Marathon Oil Corporation, through its subsidiaries, operates as an international energy company with operations in the United States, Canada, Africa, the Middle East, and Europe. It operates through three segments: Exploration and Production, Oil Sands Mining, and Integrated Gas. The Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta, Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Integrated Gas segment markets and transports products manufactured from natural gas, such as liquified natural gas and methanol. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is based in Houston, Texas.
- [By Ben Levisohn]
Deutsche Bank’s Ryan Todd and team explain why they raised their price targets on four oil exploration companies–Pioneer Natural Resources (PXD), Devon Energy (DVN), Marathon Oil (MRO), and EOG Resources (EOG):
- [By Matt Egan]
Before Tuesday, Big Oil’s credit ratings had been left largely intact by S&P. But with oil sinking back to $30 a barrel, the ratings firm took action by downgrading Chevron (CVX), EOG Resources (EOG), Apache (APA), Devon Energy (DVN), Hess (HES), Marathon Oil (MRO), Murphy Oil (MUR), Continental Resources (CLR) and Southwestern Energy (SWN).
- [By Joshua Bondy]
The smaller players
Marathon Oil (NYSE: MRO ) recently spun off its downstream assets into Marathon Petroleum. Marathon Oil’s development of the Bakken and Eagle Ford are the main changes boosting its production volumes. Year-over-year, its second quarter U.S. volumes increased 38%. The Eagle Ford alone averaged 80 Mboepd and the Bakken averaged 39 Mboepd.
Hot Electric Utility Stocks To Buy For 2017: 8×8 Inc(EGHT)
8×8, Inc. develops and markets telecommunications services for Internet protocol (IP), telephony, and video applications. The company offers 8×8 Virtual Office Business Telephone Service, an alternative to traditional private branch exchange systems that offers automated attendants to assist callers; extension-to-extension dialing services; direct inward dial; conference bridge, 3-way calling, music on hold, call park/pick-up, call transfer, hunt groups, and do not disturb services; voice mail, including email alerts and direct transfer to mailbox; call waiting/caller-ID; distinctive tone ringing; and optional receptionist console applications. Its products also include 8×8 Complete Contact Center, an integrated hosted call center solution that consists of skill-based routing, multi-media management, real time monitoring and reporting, voice recording and logging, historical reporting, interactive voice response, CRM integration, and contact and case management tools; 8×8 IP Telephones; 8×8 Virtual Meeting, a video Web conferencing service; and 8×8 Managed Hosting and Cloud-Based Computing Solutions. In addition, the company offers 8×8 Virtual Office Pro Unified Communications that allows subscribers to manage business communications functions online and delivers various tools, such as Microsoft Outlook contacts and corporate directory integration; virtual meeting; Virtual Office Mobile extension; fax; call recording; presence management; and a view of voicemails, recordings, FAX messages, calls, and chat history. The company markets its services under 8×8 brand to end users through direct sales force, Web site, and third party resellers primarily in the United States. As of June 30, 2011, it had approximately 25,000 business customers. 8×8, Inc. was founded in 1987 and is headquartered in Sunnyvale, California.
- [By Lisa Levin]
On Thursday, telecommunications services shares gained by 0.42 percent. Meanwhile, top gainers in the sector included 8×8, Inc. (NASDAQ: EGHT), up 4 percent, and NQ Mobile Inc (ADR) (NYSE: NQ), up 2 percent.