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Stock Market & Financial Investment News

News Breaks
June 24, 2014
07:33 EDTMUR, HES, OXY, COPExploration and production companies price targets raised at Wells Fargo
Wells Fargo increased its price target ranges on a number of international exploration and production companies based on the implications of the conflict in Iraq and the firm's belief that oil prices are more likely to be higher than lower from 2015-2017. The firm raised its price target on ConocoPhillips (COP) to $89-$96 from $85-$82, on Hess Corporation (HES) to $99-$105 from $85-$93, on Murphy Oil Corporation (MUR) to $74-$78 from $72-$76, and on Occidental Petroleum Corporation (OXY) to $116-$122 from $109-$116. The firm keeps Outperform ratings on ConocoPhillips, Murphy Oil and Occidental. It has a Market Perform rating on Hess.
News For COP;HES;MUR;OXY From The Last 14 Days
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February 2, 2016
05:41 EDTCOPStocks with implied volatility movement; ORCL COP
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January 28, 2016
14:05 EDTOXYJPMorgan reports 5.0% passive stake in Occidental Petroleum
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11:18 EDTHESOptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
10:55 EDTCOPOPEC delegates say no plan for meeting Russia about production, Bloomberg says
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January 27, 2016
17:29 EDTMURMurphy Oil: MOCL has signed pact with affiliates of Athabasca Oil
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17:18 EDTMUREnbridge acquires Montney natural gas assets from Murphy Oil
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17:15 EDTMURMurphy Oil reports Q4 preliminary EPS (76c),may not compare to consensus ($1.20)
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12:11 EDTHESOn The Fly: Top stock stories at midday
Stocks began the session in negative territory and proceed to lose additional ground after the open. Despite another disappointing weekly Department of Energy inventory report, which pointed to larger than expected builds of both oil and gas stockpiles, the price of crude moved higher in later morning trading, taking equities up with it. Fed watchers have zero expectation that the central bank will announce an interest rate hike later today, but are hoping for a dovish policy statement to be issued in conjunction with the end of the latest FOMC meeting. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision is due out at 2 pm ET and 100% of 104 analysts surveyed by Bloomberg were aligned in predicting no change to benchmark U.S. interest rates will be announced today. While their is no chance seen that the central bank will raise rates, the language in the statement will be closely examined for any clues on the Fed's thinking about when the next rate may be coming. COMPANY NEWS: Shares of Apple (AAPL) declined about 5% after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectation. The company was noted by several analysts as having a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, as that distinction goes to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted 7% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast. Conversely, United Technologies (UTX), which is also in the Dow and also involved in aerospace and defense, gained 2% after backing its adjusted earnings outlook for fiscal 2016. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which rallied 12% after the company and David Einhorn's Greenlight Capital agreed to new corporate governance initiatives, including appointing Claire Gogel to its board and amending its bylaws to provide that it will not make equity issuances for two years without supermajority vote of the board. Also higher were Commvault (CVLT), Hess (HES) and Biogen (BIIB), which gained 13%, 10% and 8%, respectively, after reporting quarterly earnings. Among the noteworthy losers was DreamWorks Animations (DWA), which fell 4.5% after the stock was downgraded to Sell at Topeka. Also lower were U.S. Steel (X), VMware (VMW), and Textron (TXT), which were down 12%, 8.5%, and 8%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was up 37.60, or 0.23%, to 16,204.83, the Nasdaq was down 9.88, or 0.22%, to 4,557.79, and the S&P 500 was up 9.54, or 0.5%, to 1,913.17.
11:09 EDTHESOptions with increasing put volume
Options with increasing put volume: RDN MTG HES BKD TAP RRC GG MTW AIG CLR PYPL
11:06 EDTCOPStocks with call strike movement; NFLX COP
Netflix (NFLX) April 105 call option implied volatility increased 5% to 55, ConocoPhillips (COP) May 20 call option implied volatility increased 1% to 46 according to iVolatility.
07:35 EDTHESHess Corp. sees 2016 capital and exploratory expenditures down 40% to $2.4B
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07:34 EDTHESHess Corp. sees 2016 oil and gas production 330K-350K boepd
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07:33 EDTHESHess Corp. reports Q4 adjusted EPS ($1.40), consensus ($1.47)
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07:32 EDTHESHess Corp. reports Q4 adjusted EPS ($1.40), consensus ($1.47)
Oil and gas production was 368,000 barrels of oil equivalent per day in Q4, compared to 362,000 boepd in the fourth quarter of 2014. E&P capital and exploratory expenditures were $943M, down from $1.575B in the prior-year quarter reflecting reduced activities primarily in the United States, Norway and Equatorial Guinea.
06:59 EDTHESOptions expected to be active: AAPL FB AMZN BIIB GD HES TXT BA UTX X T
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January 26, 2016
14:32 EDTHESNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Novartis (NVS), consensus $1.18... Boeing (BA), consensus $1.26... United Technologies (UTX), consensus $1.52... Biogen (BIIB), consensus $4.08... EMC (EMC), consensus 65c... General Dynamics (GD), consensus $2.38... Anthem (ANTM), consensus $1.22... Illinois Tool Works (ITW), consensus $1.21... State Street (STT), consensus $1.18... Norfolk Southern (NSC), consensus $1.24... Progressive (PGR), consensus 47c... St. Jude Medical (STJ), consensus $1.01... Rockwell Automation (ROK), consensus $1.33... Textron (TXT), consensus 83c... Hess (HES), consensus ($1.47)... Cliffs Natural (CLF), consensus (26c).
13:36 EDTHESHess Corp. volatility elevated into Q4 and outlook
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11:53 EDTHESOptions with increasing put volume: RDN MTG PCP HES CLDX NEM BUD JUNO KITE
10:51 EDTOXYOccidental sells remains of Phibro to former Morgan Stanley banker, FT says
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07:32 EDTHESHess reduces 2016 E&P capital and exploratory budget 40% to $2.4B
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