Approach Resources (AREX) first rallied on the news that insiders were buying a little while back. Then, the decreasing price of oil and a lackluster budget saw the stock decline. Now, the price of oil is rising and so is the price of this stock. Like many companies living within cash flow, higher commodity prices increase the ability to drill and therefore, future production as well as cash flow....More>>>
Tech stocks have been unpredictable over the past few weeks, but there is no question that the technology sector has been at the forefront of the market’s strong multiyear run. However, this might mean that income investors—those focused on finding companies with solid dividends—might be feeling left out, as tech stocks aren’t really known for their payouts.
This is the kind of stuff that keeps OPEC up at night.
The oil cartel and key ally Russia have spent more than a year trying to drain the world of excess supply. But the International Energy Agency warned Tuesday that a “colossal” oil boom in the United States could ruin their efforts.
The Paris-based agency said that a massive increase in output means the U.S. will....More>>>
Markets have rebounded, and volatility has settled. That’s very good news for the IPO market, which is especially impacted by market turmoil.
Right now, we’re in annual February lull, and companies are putting off IPOs to finalize full 2017 financials and get past the Presidents’ Day holiday. The week’s four offerings included two SPACs (raising $450 million) and two....More>>>
Crude oil futures were up Tuesday, with prices headed closer to session highs reached in the prior U.S. session, as expectations that the Organization of the Petroleum Exporting Countries will extend production cuts until early next year continued to boost trading sentiment.
The news, announced during a joint press conference by Saudi Arabia and Russia on Monday, lifted prices by as much....More>>>
Stocks rolled over and dropped hard on Wednesday, reversing an opening gap higher and a mid-day recovery attempt to careen deep into the red in a nasty end-of-session slide.
The decline marked the first negative February for large-caps since 2009, the first down month since October 2016 and the biggest monthly drop for stocks since January 2016 (just before the Shanghai Accord helped stabilize....More>>>
December 26, 2017: Markets opened lower Tuesday following the three-day Christmas holiday weekend. The DJIA briefly turned higher, but traded for most of the day with a small loss. Energy was the leading sector but couldn’t overcome weakness in tech and utilities. WTI crude oil for February delivery settled at $59.97 a barrel, up 2.6% for the day following a pipeline explosion in Libya. The....More>>>
U.S. equities churned near the unchanged line on Thursday, with the Dow Jones Industrial Average recovering from early session weakness to notch another new record high. No major catalysts were in play, with investors continuing to monitor the situation in Washington for clues on the path of tax, regulatory and healthcare policy going forward.
In the end, the Dow gained 0.2%, the S&P....More>>>
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Here are the stocks which are in news today:
Jet Airways: It has appointed Ashok Chawla as non-executive independent director of the Board.
GMR Infra: The group will set up aerospace & defence manufacturing hub in Tamil Nadu
Oil companies: Major agreement has been signed between Saudi Aramco & Hindustan Oil, Indian Oil & Bharat Oil.
Allegations that casino mogul Steve Wynn sexually harassed numerous employees at his Las Vegas resort may tilt the scales at the upcoming trial with his ex-wife, who claims she was booted off the company’s board for challenging his “reckless behavior."
“It’s a game changer," said Devin McRae, a litigator with Early Sullivan Wright Gizer & McRae in....More>>>
Related PLCM 12 Biggest Mid-Day Gainers For Friday Mid-Day Market Update: PriceSmart Drops Following Weak Q3 Results; Eleven Biotherapeutics Shares Spike Higher Private Equity Calling With A $2 Billion Overbid (Seeking Alpha)
Related HUN Mid-Day Market Update: PriceSmart Drops Following Weak Q3 Results; Eleven Biotherapeutics....More>>>
CBS CEO: Streaming “very important” to our future Last year CBS CEO Les Moonves was bullish about his company’s talks with Apple about a possible game-changer in TV.
“Apple TV is trying to change the universe a little bit,” he said last May.
“Apple is having conversations with everyone about doing their own streaming services,”....More>>>