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Stock Market & Financial Investment News

News Breaks
February 25, 2013
06:09 EDTMPEL, BPStocks with implied volatility movement; MPEL BP
Stocks with implied volatility movement; Melco Crown (MPEL), BP (BP) according to iVolatility.
News For MPEL;BP From The Last 14 Days
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August 11, 2014
07:04 EDTBPBP's risk from Russian sanctions muted, says RBC Capital
RBC Capital said in the unlikely situation that BP were to relinquish its Rosneft stake due to Russian sanctions, the impact would be muted and shares would still offer 15% upside. The firm believe upside potential more than compensates the risk and reiterates its Outperform rating.
August 7, 2014
09:08 EDTMPELOn The Fly: Pre-market Movers
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08:58 EDTMPELMelco Crown announces $500M share repurchase program
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08:58 EDTMPELMelco Crown reports Taiwan branch office indicted for alleged banking violations
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08:25 EDTMPELMelco Crown reports Q2 EPS 26c, consensus 36c
Reports Q2 revenue $1.19B, consensus $1.3B.
August 6, 2014
15:18 EDTMPELMelco Crown technical remarks ahead of earnings
In the prior three months the shares have broadly underperformed the broader averages, falling over 16% including today's drop in price. The move today has put the shares right at the $30 area, which is critical for the longer-view technical health of the shares. While there has been a sharp decline from peak price earlier this year at $45.70, a breakdown below $30 would turn the long-term trend to bearish. If there is negative news, particularly concerning Macau operations where the company is heavily focused, the shares could fall further. Next support below $30 would be at $28,74, $26.53, and $25.53 which is the 52-week low. If the news is better than expected, resistance levels to watch as potential upside objectives would be at $31.97, $35.31, and $36.84. There is a minimal short-base in the name which could exacerbate downside in the event that news is more negative than anticipated.
06:45 EDTBPMexican Congress paves way for foreign energy companies, NY Times reports
The Mexican Congress yesterday approved legislation that paves the way for large, foreign energy companies to seek oil and gas in Mexico, according to The New York Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link

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