What happened
Shares of communications satellite operator Intelsat (NYSE:I) jumped more than 12% early Tuesday — for the second day in a row — before closing the day up a still-respectable 10.9%. Once again, the catalyst for the move appears to have been a simple press release.
On Tuesday, Intelsat announcedthat Vodacom Business Nigeriahas signed a “multi-year agreement” to use Intelsat’s Intelsat 35e satellite “to deliver fast, high-quality and resilient broadband connectivity to the banking, oil and gas, and enterprise sectors across West Africa.”
Intelsat beams down another press release, and its stock price rises yet again. Image source: Getty Images.
So what
Financial details of the new contract were not disclosed. Rather, the importance of this announcement appears to be in the geographical details: “It can be difficult to reach certain locations across Africa,” Intelsat quoted Vodacom Business Nigeria Managing Director Lanre Kolade as saying. But such access is “made possible following the newly signed agreement with Intelsat” and will provide Vodacom’s customers with “higher data rate applications” than they previously had access to.
Best Stocks To Watch For 2018: Silver Bay Realty Trust Corp.(SBY)
Advisors’ Opinion:
- [By Mark Holder]
Instead of competing in one-off auctions, the traditional method of acquiring homes and the one preferred by Silver Bay Realty Trust (NYSE: SBY ) (NYSE: SBY ) (NYSE: SBY ) and American Homes 4 Rent (NYSE: AMH ) (NYSE: AMH ) (NYSE: AMH ) , the company is obtaining non-performing loans in pools that include thousands of loans. The ultimate outcome of these different models is unknown, but the market hasso far supported Altisource Residential.
- [By Lisa Levin]
Shares of Silver Bay Realty Trust Corp (NYSE: SBY) got a boost, shooting up 18 percent to $21.47. Tricon Capital Group Inc. announced plans to buy Silver Bay Realty Trust for $21.50 per share.
Best Stocks To Watch For 2018: Baytex Energy Corp(BTE)
Advisors’ Opinion:
- [By Logan Wallace]
Baytex Energy (TSE:BTE) (NYSE:BTE) had its price target raised by equities researchers at TD Securities from C$4.50 to C$5.50 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 0.90% from the company’s current price.
Best Stocks To Watch For 2018: Methanex Corporation(MEOH)
Advisors’ Opinion:
- [By Stephan Byrd]
Advisors Preferred LLC bought a new stake in shares of Methanex (NASDAQ:MEOH) (TSE:MX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,703 shares of the specialty chemicals company’s stock, valued at approximately $103,000.
- [By VantagePoint]
Methanex Corporation (NASDAQ: MEOH) has experienced some recent weakness, but according to the chart below the stock is still in a clear uptrend. Since experiencing a bullish crossover on March 16 following some consolidation, the stock is up 20 percent. Look out for its next earnings report on April 26.
- [By Jim Robertson]
Back in February of last year, we suggested Methanex Corporation (MEOH), which ended up providing us with some pretty good gains in a fairly short amount of time, and based on what’s happening with the stock technically right now, it could be another gainer over the next several days to few weeks.