Transocean (RIG) beat earnings forecasts and probably has enough cash but Jefferies analyst Eduardo Royes and team still consider its stock to be a bigger risk when compared to its peers (I’m guessing they mean Diamond Offshore Drilling (DO), Noble (NE) and Ensco (ESV), among others). They explain why:
The pair is trading near the session lows in a rangebound fashion.
The International Monetary Fund (IMF) lowered the U.K. 2017 growth to 1.3 percent versus 2.2 percent previously. The IMF reduced 2016 global growth to 3.1 percent versus 3.2 percent citing issues related to Brexit. The IMF also cut 2017 global growth by 0.1 percent to....More>>>
ISIS recruiting on teen social networks Twitter has significantly ramped up its anti-ISIS efforts by shutting down thousands of terrorists’ accounts and adding staff to monitor terrorist activity on its network.
The social media company said in a blog post Friday that it has suspended 125,000 accounts over the past seven months for threatening or promoting terrorist acts. Most....More>>>
Q: I’m wondering if I’m thinking correctly about my asset allocation with my investments. I’m 57 years old and plan on retiring in a few years. I have $900,000 in my individual retirement account, which is invested 100% in stocks (including 20% in international stocks), and I have $150,000 in certificates of deposit. I also have a home that’s paid for and worth about $750,000.....More>>>
Financial analyst: It’s time to cut up Yahoo! Embattled CEO Marissa Mayer believes that a leaner, more focused Yahoo is the solution to its growth problems.
Yahoo announced a massive, $4.4 billion loss last quarter and said it will lay off 15% of its workforce as part of a plan to return the company to “modest to accelerating growth” next year and in 2018. The layoffs....More>>>
Oil has been on a rollercoaster ride, making and stealing fortunes for and from speculators. Since mid-June, oil has plunged approximately 60%, which has been due to oversupply and slowing global economic growth, the latter of which leads to reduced demand. Earlier this year Feb. 11 to be exact oil hit a low of $26.05/barrel. Some economists and analysts feel as though the $30/barrel level can....More>>>
50 Cent has posted lots of photos surrounded by cash — while he’s in bankruptcy court. The rapper “50 Cent” is heading to court to explain why he’s declaring bankruptcy — while posting pictures of himself surrounded by cash on Instagram.
Curtis J. Jackson III filed for bankruptcy in July. He claims that he still makes millions, but that a flood of....More>>>
FedEx (FDX) is scheduled to release its earnings next week–and RBC’s John Barnes and team aren’t expecting great news:
FedExreports 3FQ/16 (ended February 2016) results on March 16 after market close…We are trimming our 3FQ/16 EPS estimates to reflect higher than expected peak season costs. We also expect the company to rein in FY/16 EPS guidance when it reports. Accordingly,....More>>>
The S&P 500 this week suffered its biggest drop in two months as investors fretted about the strength of the economy as earnings season approaches.
The S&P 500 fell 1.2% to2,047.60 this week–its worst decline since the week ending Fe. 5–after rising 0.3% today. The Dow Jones Industrial Average dropped 1.2% to17,576.96 this week after advancing....More>>>
Related OII Earnings Scheduled For February 10, 2016 Oceaneering Announces Vessel Services Agreement, Expected To Commence In Nov 2015, Contract Provides 4-Option Periods Of 6-months Each Related WG Earnings Scheduled For March 9, 2016 Mid-Afternoon Market Update: Netflix Drops Following Baird Downgrade; Lululemon Shares....More>>>
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Cal-Maine Foods (NASDAQ: CALM) released earnings on last Monday and missed expectations on earnings as well as on revenue. The revenue for 39 weeks ended was literally cut in half compared to 2016 revenue declined from $1.6 billion to $800 million, a net income of $316 million in 20
Music streaming service Spotify (MUSIC) will go public sooner rather than later. Reuters reported a valuation around $16 billion ahead of the expected IPO, while Fortune valued the company at $20 billion in September of this year. Apart from the numbers and the final valuation, Spotify going publ