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Stock Market & Financial Investment News

News Breaks
January 28, 2014
12:19 EDTNBR, RDC, NE, SLB, RIG, WFT, BHI, DO, HALAnalysts: Deepwater drillers could fall 35%, Barron's reports
Barclays analysts James West and Zachary Sadow believe the deepwater drillers still have downside potential as the market works through excess capacity, according to Barron's. Reference Link
News For NE;HAL;WFT;RDC;DO;RIG;NBR;BHI;SLB From The Last 14 Days
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March 20, 2015
13:02 EDTBHIBaker Hughes reports U.S. rig count down 56 to 1069
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09:22 EDTHAL, BHIHalliburton, Baker Hughes to seek buyers for $10B in assets, Bloomberg says
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08:55 EDTNBRC&J Energy to host special shareholder meeting
Special Shareholder Meeting to consider and vote on the proposed merger with Nabors Industries will be held in Houston, Texas on March 20 at 10 am.
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 EDTRDC, SLB, WFT, NE, BHI, DO, HAL, NBR, RIGWhite House expected to unveil fracking rules today, WSJ says
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March 19, 2015
18:11 EDTRDCRowan Companies reports February fleet activity
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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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11:03 EDTNEStocks with call strike movement; NE FCX
Noble Corp. (NE) June 16 call option implied volatility increased 2% to 54, Freeport McMoRan (FCX) August 21 call option implied volatility increased 2% to 49 according to IVolatility.
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.
March 16, 2015
10:21 EDTHALHalliburton falls, heads for test of support
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March 13, 2015
17:35 EDTNBRNabors Industries to replace SL Green Realty in S&P 400 as of 3/20 close
17:26 EDTNBRSL Green Realty to replace Nabors Industries in S&P 500 as of 3/20 close
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16:01 EDTRIGOptions Update; March 13, 2015
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13:03 EDTBHIBaker Hughes reports U.S. rig count down 67 to 1125
Baker Hughes says the U.S. Rig Count is down 67 rigs from last week to 1125, with oil rigs down 56 to 866, gas rigs down 11 to 257, and miscellaneous rigs unchanged at 2. Says the U.S. Rig Count is down 684 rigs from last year at 1809, with oil rigs down 595, gas rigs down 87, and miscellaneous rigs down 2. The U.S. Offshore rig count is 48, down 3 rigs from last week, and down 6 rigs year over year. The Canadian Rig Count is down 80 rigs from last week to 220, with oil rigs down 65 to 85, and gas rigs down 15 to 135.
March 12, 2015
10:01 EDTSLBOn The Fly: Analyst Downgrade Summary
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09:29 EDTSLBSchlumberger downgraded to Neutral from Outperform at Macquarie
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