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Stock Market & Financial Investment News

News Breaks
March 25, 2014
04:55 EDTWTI, WTI, KOS, KOS, KOG, KOG, HK, HK, SD, SD, SLB, SLB, SM, SM, RIG, RIG, MOVE, MOVE, SSI, SSI, TSCO, TSCO, SMRT, SMRT, ADS, ADSTelsey Advisory Group to hold a conference
6th Annual Spring Consumer Conference is being held in New York on March 25-26.
News For ADS;SMRT;TSCO;SSI;MOVE;RIG;SM;SLB;SD;HK;KOG;KOS;WTI From The Last 14 Days
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March 23, 2015
10:55 EDTSLBSchlumberger says global economy trend is slow but stead recovery intact
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09:37 EDTSLBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
07:20 EDTADSBarclays to hold a forum
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07:16 EDTSLBHoward Weil to hold a conference
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March 20, 2015
07:31 EDTSLBOneSubsea delivers first subsea multiphase compressor to Statoil
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has delivered the world's first subsea Multiphase Compressor to Statoil (STO) for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry's only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22M barrels of oil equivalent.
07:19 EDTSLB, RIGWhite House expected to unveil fracking rules today, WSJ says
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March 19, 2015
13:00 EDTRIGOn The Fly: Midday Wrap
Stocks on Wall Street were mixed at midday, with Nasdaq slightly higher and the Dow and S&P 500 both down a bit more than 0.5%. The day’s economic reports were generally benign and are likely less significant to the trading action than participants having had some time to digest yesterday’s Fed comments. Immediately after the Fed's policy statement yesterday, the U.S. dollar fell as low as 1.10 against the euro, but that move was almost entirely reversed overnight. The dollar was back near pre-Fed levels against the euro early this morning, and similar moves were seen in pairs of the dollar and other major currencies. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 1K to 291K in the week ended March 14, which nearly matched the consensus 293K forecast. The current account deficit widened to $113.5B in Q4 from a revised deficit of $98.9B in Q3. The leading indicators for February rose 0.2% to 121.4, which was in-line with expectations. The Philadelphia Fed business outlook survey ticked down to a 5.0 one-year low from 5.2 in February, missing expectations for it to have risen a 7.0 reading. In Europe, the Swiss National Bank left rates unchanged, cut its growth forecasts for the country's economy, said that it will intervene in currency markets as needed since it believes the Swiss Franc remains overvalued. COMPANY NEWS: Apple (AAPL) joined the Dow Jones Industrial Average today, replacing AT&T (T). Shares of the iPhone maker were down 0.5% near midday, while AT&T stock fell a bit more than 1%... Shares of coffee giant Starbucks (SBUX) hit a new all-time high of $98.50 earlier this afternoon following the company's investor day meeting yesterday. In conjunction with its meeting, Starbucks reaffirmed its goal to grow its market cap to $100B, unveiled plans for two pilots of delivery services, announced that its board has declared the sixth two-for-one split of the company’s stock since its IPO in 1992 and said it has entered into an agreement for Tingyi to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China. Goldman Sachs and Wells Fargo both issued upbeat notes on the stock today, saying that the coffee retailer's shares can continue to climb. MAJOR MOVERS: Among the notable gainers was Coronado Biosciences (CNDO), which gained 42% after announcing the formation of a new company, Mustang Therapeutics, focused on Chimeric Antigen Receptor, or CAR-T, technology. The company also announced a licensing agreement with NeuPharma for EGFR inhibitors. Also higher was Guess (GES), which gained 15% after reporting higher than expected profits for its fiscal fourth quarter. Among the noteworthy losers was Transocean (RIG), which fell 6% after having announced last night that four of its 5th generation UDW drillships will be cold stacked and the contract with ENI (E) for the Transocean Amirante was terminated. Transocean also said it intends to scrap four rigs, noting that with those it has announced plans to scrap a total of 16 floaters. Also lower following its earnings report was diversified apparel company Vince Holding (VNCE), which fell 16%. INDEXES: Near midday, the Dow was down 128.51, or 0.71%, to 17,947.68, the Nasdaq was up 3.15, or 0.06%, to 4,985.98, and the S&P 500 was down 13.36, or 0.64%, to 2,086.14.
11:24 EDTRIGStocks with call strike movement; X RIG
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09:20 EDTRIGOn The Fly: Pre-market Movers
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07:50 EDTRIGTransocean reiterated as a Sell, target to $11 at Goldman
After the close, Transocean announced that four of its 5th generation UDW drillships will be cold stacked and the contract with ENI for the Transocean Amirante was terminated due to the deteriorating security situation in Libya. The firm said these two announcements are indicative of the very weak contracting environment. Goldman reiterates its Sell rating on Transocean and lowered its price target to $11 from $12.
March 18, 2015
16:28 EDTRIGTransocean provides fleet update summary
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10:00 EDTWTIOn The Fly: Analyst Downgrade Summary
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09:22 EDTWTIW&T Offshore downgraded to Equalweight from Overweight at Capital One
Capital One downgraded W&T Offshore to reflect lower oil, gas, and NGL price deck forecasts and saidEV/EBITDA and net debt/EBITDA multiples are elevated. Price target is $6.
07:21 EDTKOGE&P stocks should be bought on weakness, says Stifel
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March 17, 2015
16:00 EDTRIGOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
10:00 EDTSDOn The Fly: Analyst Downgrade Summary
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10:00 EDTSMOn The Fly: Analyst Upgrade Summary
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09:14 EDTSDSandRidge Energy downgraded to Sell from Neutral at Global Hunter
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09:12 EDTSMSM Energy upgraded to Buy from Accumulate at Global Hunter
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March 16, 2015
07:37 EDTADSAlliance Data reports February average receivables up 33% to $10.6B
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