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Stock Market & Financial Investment News

News Breaks
November 28, 2012
10:45 EDTRIG, RIG, DO, DO, CAM, CAM, SLB, SLB, PACD, PACD, WFT, WFT, OII, OII, NE, NE, HAL, HAL, FET, FET, BAS, BAS, BHI, BHI, PES, PES, PTEN, PTEN, NBR, NBR, HERO, HERO, SDRL, SDRL, RDC, RDC, ESV, ESVDeutsche Bank hosts an analyst Oil Services/Industry conference call
Analyst will discuss the re-launch of the Oil Services Sector in a conference call on November 28 at 11 am.
News For ESV;RDC;SDRL;HERO;NBR;PTEN;PES;BHI;BAS;FET;HAL;NE;OII;WFT;PACD;SLB;CAM;DO;RIG From The Last 14 Days
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April 16, 2015
07:52 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
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07:19 EDTSLBOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
05:52 EDTRIGStocks with implied volatility movement; RIG QIHU
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April 15, 2015
16:01 EDTRIGOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
09:35 EDTRIGActive equity options trading on open
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08:58 EDTWFT, HAL, NBR, PTEN, CAMOil services stocks should be bought on dips, says BMO Capital
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06:16 EDTNE, WFT, NBR, SLB, BHI, RIG, HAL, DO, RDCOil layoffs reach 100,000 and still going, WSJ reports
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April 14, 2015
16:00 EDTRIGOptions Update; April 14, 2015
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14:40 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
Schlumberger April call option implied volatility is at 53, May is at 27, August is at 23, November at 22; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
09:20 EDTBHI, NBR, PTEN, SDRL, SLB, HAL, PACDMorgan Stanley calls a bottom in Oil Services sector
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April 13, 2015
13:26 EDTBASOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
10:00 EDTNBR, BAS, FET, CAM, SLBOn The Fly: Analyst Downgrade Summary
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10:00 EDTPTENOn The Fly: Analyst Upgrade Summary
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08:31 EDTBASBasic Energy downgraded to Market Perform from Outperform at Raymond James
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08:31 EDTNBRNabors Industries downgraded to Outperform from Strong Buy at Raymond James
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08:31 EDTSLBSchlumberger downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Schlumberger to Market Perform based on valuation, international exposure, and continued weakening in the offshore space over the next two years.
08:31 EDTCAMCameron downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Cameron to Outperform with a $55 given a reduced orders outlook, a reduction in earnings potential near-term, and offshore exposure.
06:09 EDTBASBasic Energy reports March well servicing rig count unchanged at 421
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05:58 EDTPTENPatterson-UTI upgraded to Hold from Underperform at Jefferies
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05:57 EDTFETForum Energy downgraded to Underperform from Hold at Jefferies
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