June 15, 2018: The S&P 500 closed down 0.1% at 2,779.41. The DJIA closed down 0.4% at 25,088.05. Separately, the Nasdaq was down 0.2% at 7,746.38.
Friday was a down day for the broad U.S. markets. The Nasdaq took a day off from hitting new all-time highs and the S&P 500 is still holding just below the 2,800 mark. Crude oil got crushed in Friday’s session and is back below $65. The S&P 500 sectors were mostly negative. The most positive sectors were utilities and consumer staples, up 0.7% and 1.1%, respectively. The worst performing sectors were energy and materials, down 2.1% and 0.7%, respectively.
Crude oil was last seen trading down 3.4% at $64.61.
Gold was last seen trading down 2.1% at $1,280.30.
The S&P 500 stock posting the largest daily percentage loss ahead of the close was Marathon Oil Corp. (NYSE: MRO) which traded down over 5% at $19.99. The stock’s 52-week range is $10.55 to $22.12. Volume was over 17 million compared to the daily average volume of 12.8 million.
Best Energy Stocks To Buy Right Now: Petroleo Brasileiro S.A.- Petrobras(PBR)
Advisors’ Opinion:
- [By Jon C. Ogg]
Petróleo Brasileiro S.A. (NYSE: PBR), or Petrobras, was raised to Buy from Neutral with a $33 price target at UBS.
PulteGroup Inc. (NYSE: PHM) was downgraded to Market Perform from Outperform at Raymond James.
- [By Chris Lange]
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, rose to 27.58 million shares from the previous 27.11 million. The stock traded at $15.96 a share, in a 52-week range of $9.02 to $17.20. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
- [By Chris Lange]
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, increased to 49.09 million shares from the previous 42.60 million. The stock traded at $11.54 a share, in a 52-week range of $9.02 to $17.20. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
- [By Ezra Schwarzbaum]
Petroleo Brasileiro (NYSE: PBR), also known as Petrobras, was downgraded by Bank of America Merrill Lynch, Credit Suisse and Morgan Stanley Thursday after announcing that it will temporarily cut diesel prices in Brazil.
- [By Chris Lange]
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, increased to 43.13 million shares from the previous 32.43 million. The stock traded at $12.69 a share, in a 52-week range of $7.61 to $17.20. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
- [By Elizabeth Balboa]
Petroleo Brasil ADR (NYSE: PBR), commonly known as Petrobras, plunged 13.5 percent Friday on news that CEO Pedro Parente resigned.
“My presence as CEO has stopped being positive,” Parente wrote in his resignation letter.
Best Energy Stocks To Buy Right Now: FMC Technologies, Inc.(FTI)
Advisors’ Opinion:
- [By Stephan Byrd]
Van ECK Associates Corp increased its stake in shares of TechnipFMC PLC (NYSE:FTI) by 35.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,853,627 shares of the oil and gas company’s stock after purchasing an additional 753,219 shares during the period. Van ECK Associates Corp’s holdings in TechnipFMC were worth $55,874,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Lisa Levin] Gainers
Euro Tech Holdings Company Limited (NASDAQ: CLWT) rose 18.2 percent to $4.55 in pre-market trading after the company declared a $0.70 per share special dividend.
Co-Diagnostics, Inc. (NASDAQ: CODX) rose 11.7 percent to $3.24 in pre-market trading after falling 13.17 percent on Thursday. Co-Diagnostics reported its participation in a research project with the Stanford University.
Abercrombie & Fitch Co. (NYSE: ANF) shares rose 8.6 percent to $25.95 in pre-market trading after the company posted upbeat Q1 results.
Zuora, Inc. (NYSE: ZUO) shares rose 8 percent to $23.95 in pre-market trading after the company reported upbeat Q1 earnings and issued strong outlook.
Lululemon Athletica Inc. (NASDAQ: LULU) shares rose 7.8 percent to $113.25 in pre-market trading after the company reported better-than-expected results for its first quarter. The company also raised its FY18 earnings and sales guidance.
OPKO Health, Inc. (NYSE: OPK) rose 5.7 percent to $4.10 in pre-market trading.
Lannett Company, Inc. (NYSE: LCI) rose 5.5 percent to $17.45 in pre-market trading following the FDA approval for Levofloxacin Oral Solution.
Eversource Energy (NYSE: ES) shares rose 5 percent to $59.8 in pre-market trading.
VMware, Inc. (NYSE: VMW) rose 4.6 percent to $143.74 in pre-market trading as the company reported stronger-than-expected results for its first quarter on Thursday.
Energy Transfer Partners, L.P. (NYSE: ETP) rose 4.3 percent to $19.80 in pre-market trading after the company reported the Federal Energy Regulatory Commission approval to place Rover pipeline’s full Mainline B into service.
T2 Biosystems, Inc. (NASDAQ: TTOO) rose 4.3 percent to $7.73 in pre-market trading after declining 4.26 percent on Thursday.
Curis, Inc. (NASDAQ: CRIS) rose 4.3 percent to $2.90 in pre-market trading after jumping 21.93 percent on Thursday.
Sasol Limited (NYSE: SSL) rose 4.2 percent to $37.91 in pre-market trading.
Nucor Corporatio - [By Stephan Byrd]
Get a free copy of the Zacks research report on TechnipFMC (FTI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Energy Stocks To Buy Right Now: Oasis Petroleum Inc.(OAS)
Advisors’ Opinion:
- [By Stephan Byrd]
Element Capital Management LLC bought a new position in shares of Oasis Petroleum Inc. (NYSE:OAS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,645 shares of the energy producer’s stock, valued at approximately $159,000.
- [By Matthew DiLallo]
Shares of Oasis Petroleum Inc. (NYSE:OAS) rallied 13.2% in August, primarily due to the oil driller’s stronger-than-expected second-quarter report.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers
Akorn, Inc. (NASDAQ: AKRX) fell 32.7 percent to $13.25 in pre-market trading after Fresenius terminated its merger deal with Akorn.
Chicago Bridge & Iron Company N.V. (NYSE: CBI) fell 15.7 percent to $12.30 in pre-market trading. Subsea 7 confirmed a $7.00 per share proposal to acquire Mcdermott, pending termination of merger agreement with CB&I.
Myomo, Inc. (NYSE: MYO) fell 9 percent to $3.65 in pre-market trading after rising 11.39 percent on Friday.
Hasbro, Inc. (NASDAQ: HAS) fell 8 percent to $88.36 in pre-market trading after the company reported weaker-than-expected results for its first quarter on Monday.
SunPower Corporation (NASDAQ: SPWR) fell 7.1 percent to $9.00 in pre-market trading.
Endeavour Silver Corp. (NYSE: EXK) shares fell 5.9 percent to $2.88 in pre-market trading after declining 3.16 percent on Friday.
Mattel, Inc. (NASDAQ: MAT) shares fell 5.5 percent to $12.25 in pre-market trading.
Valeritas Holdings, Inc. (NASDAQ: VLRX) shares fell 5.1 percent to $2.96 in pre-market trading after rising 76.27 percent on Friday.
GlobalSCAPE, Inc. (NYSE: GSB) fell 5.1 percent to $3.57 in pre-market trading.
Fresenius Medical Care AG & Co. KGaA (NYSE: FMS) shares fell 4.1 percent to $49.93 in pre-market trading.
Oasis Petroleum Inc. (NYSE: OAS) fell 4.1 percent to $9.75 in pre-market trading. SunTrust Robinson Humphrey downgraded Oasis Petroleum from Hold to Sell - [By Ethan Ryder]
ZaZa Energy (OTCMKTS:ZAZA) and Oasis Petroleum (NYSE:OAS) are both oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, valuation, institutional ownership, earnings, dividends, profitability and analyst recommendations.
- [By Shane Hupp]
Oasis Petroleum Inc. (NYSE:OAS)’s share price traded up 3.9% during trading on Monday . The stock traded as high as $13.85 and last traded at $13.26. 306,129 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 8,402,742 shares. The stock had previously closed at $13.80.
Best Energy Stocks To Buy Right Now: Woodward, Inc.(WWD)
Advisors’ Opinion:
- [By Shane Hupp]
Tdam USA Inc. decreased its holdings in shares of Woodward, Inc.Common Stock (NASDAQ:WWD) by 30.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,798 shares of the technology company’s stock after selling 4,765 shares during the period. Tdam USA Inc.’s holdings in Woodward, Inc.Common Stock were worth $802,000 at the end of the most recent quarter.
- [By Joseph Griffin]
Bloom Energy (NASDAQ: WWD) and Woodward, Inc.Common Stock (NASDAQ:WWD) are both mid-cap oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, institutional ownership, valuation and profitability.
- [By Shane Hupp]
Woodward, Inc.Common Stock (NASDAQ:WWD) Director James R. Rulseh sold 4,112 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $79.09, for a total transaction of $325,218.08. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $790,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
- [By Ethan Ryder]
Plug Power (NASDAQ: PLUG) and Woodward (NASDAQ:WWD) are both industrial products companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, institutional ownership, profitability, valuation and earnings.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Woodward, Inc.Common Stock (WWD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com