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October 12, 2012
08:11 EDTCVX, BP, XOM, RDS.AShell, BP among applicants for U.S. crude export licenses, FT says
Royal Dutch Shell (RDS.A) and BP (BP) are among the six companies known to have applied to the U.S. government for crude oil export licenses, according to the Financial Times. U.S. exports could substantially impact oil trading patterns between North America, Europe and west Africa and put pressure on prices of other crudes, particularly Brent, the report noted. Reference Link
News For A;BP;CVX;XOM From The Last 14 Days
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November 24, 2015
16:00 EDTAOptions Update; November 24, 2015
iPath S&P 500 VIX Short-Term Futures up 13c to 19.04, Option volume leaders: AAPL FB NFLX BAC PFE AMZN CHK TWTR GE SUNE DE AGN AAL MSFT INTC X BABA A
15:38 EDTAOptions with increasing volume: SUNE HPQ TSM PMCS TSO EPI A DE CREE
November 23, 2015
05:46 EDTXOMStocks with implied volatility movement; X XOM
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November 19, 2015
16:10 EDTAAgilent increases cash dividend to 11.5c per share
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November 18, 2015
16:45 EDTXOMOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street were higher from the opening bell onward despite housing starts data that was weaker than expected. Investors waited for the release of the FOMC minutes and saw what they had suspected; that the Fed was reinforcing its message that the December meeting is an option for the central bank to begin raising interest rates. The visibility on rates gave investors confidence, leading to a late-day rally that saw the averages close at their highs. ECONOMIC EVENTS: In the U.S., the minutes from the Fed's last FOMC meeting showed that most participants expect that rate hike conditions will be met by their December meeting. The Fed repeated its constant refrain, though, that the actual decision would depend on the implications for the medium-term outlook from recent economic data. Housing starts fell 11.0% to a 1.06M pace in October, weaker than the expected rate of 1.16M. Building permits, however, rose 4.1% to a 1.15M rate, versus an expected rise of 3.8%. COMPANY NEWS: Shares of Target (TGT) fell 4.3% to $69.78 after the retailer reported in-line quarterly sales and profits and narrowed the range of its fiscal year earnings view. Target, which guided for same-store sales in the new quarter to be up 1%-2%, added that it sees "indications of heavy inventory levels" at some competitors into the holiday season... Shares of Apple (AAPL) climbed 3.17% to $117.29 after Goldman Sachs added the stock to its Conviction Buy List, predicting that investors should begin to focus on the company's monetization and recurring revenue opportunities over the next year, which would be a boon to its valuation... Raymond James analyst Pavel Molchanov downgraded Exxon Mobil to Underperform, the firm's equivalent to a "Sell" rating, saying he expects a modest oil recovery in 2016 but that Exxon's limited leverage to oil prices will act as a hindrance during a recovery. Despite Molchanov predicting Exxon shares to be a source of funds for investors turning more constructive on oil in 2016, the stock rose about 1% to $80.74 today amid a rally in oil prices. MAJOR MOVERS: Among the notable gainers was Fairchild (FCS), which jumped $1.52, or 8.5%, to $19.40 after agreeing to be acquired for $20 per share by ON Semiconductor (ON), whose stock fell 7.9% to $9.89 after the news. Also higher were Canadian Pacific (CP) and Norfolk Southern (NSC), with the two railway operators advancing a respective 5.8% and 6.35% after Canadian submitted a bid to acquire Norfolk, though the latter immediately criticized the offer as "low-premium." Additionally, ConAgra (CAG) gained 4% to $40.93 after announcing plans to separate into two independent public companies. Among the noteworthy losers was Qualcomm (QCOM), which dropped $4.98, or 9.4%, to $48.00 after disclosing that Korea's Fair Trade Commission alleged the company does not "properly negotiate" aspects of its licenses and may be violating Korean competition law. Also lower was Sprint (S), which fell 9.3%, to $3.99 after announcing a 50% discount for new customers switching from competing wireless carriers. GoPro (GPRO) declined 5.1% to $19.81 after research firm Piper Jaffray noted that the company has been offering discounts on its cameras, including featuring them on "flash sale" sites, and cut its price target on the stock to $15 per share. INDEXES: The Dow rose 247.66, or 1.42%, to 17,737.16, the Nasdaq gained 89.19, or 1.79%, to 5,075.20, and the S&P 500 advanced 33.14, or 1.62%, to 2,083.58.
10:02 EDTXOMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Citrix (CTXS) downgraded to Neutral from Buy at Mizuho... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... Exxon Mobil (XOM) downgraded to Underperform from Market Perform at Raymond James... Hartford Financial (HIG) downgraded to Hold from Buy at Argus... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... Kinross Gold (KGC) downgraded to Market Perform from Outperform at Raymond James... Nuverra Environmental (NES) downgraded to Market Perform from Outperform at Cowen... Oxford Lane (OXLC) downgraded to Hold from Buy at Maxim... SM Energy (SM) downgraded at BMO Capital... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Star Bulk Carriers (SBLK) downgraded to Hold from Buy at Deutsche Bank... StoneCastle (BANX) downgraded to Market Perform from Outperform at Keefe Bruyette... Suncor (SU) downgraded to Hold from Buy at TD Securities... ZS Pharma (ZSPH) downgraded to Neutral from Buy at Citi.
07:43 EDTXOMExxon Mobil downgraded to Underperform on subpar oil leverage at Raymond James
As previously reported, Raymond James downgraded Exxon Mobil to Underperform from Market Perform. Analyst Pavel Molchanov expects a modest oil recovery in 2016 and said Exxon Mobil's limited leverage to oil prices will act as a hindrance during a recovery. Molchanov expects Exxon shares to be a source of funds for investors turning more constructive on oil in 2016. The analyst said this is not a short-term trading call but a 6-12 month time horizon, which could prove wrong if oil spends the year below $50 territory.
06:36 EDTXOMExxon Mobil downgraded to Underperform from Market Perform at Raymond James
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November 17, 2015
10:16 EDTBPBP confirms exploring sale of Alabama petrochemical facility
BP confirmed that it has decided to market for sale its Decatur, Alabama, petrochemicals complex as part of a broader reorganization of the company's global petrochemicals business. BP said its refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that utilize BP proprietary technology including the production of purified terephthalic acid, or PTA, a key raw material in the production of polyester. BP is spending $200M to upgrade its Cooper River, S.C., plant and its sister facility in Geel, Belgium - the largest PTA-producing sites in the Americas and Europe, respectively. The investment will enable the two facilities to lower operating costs, improve reliability and reduce emissions. Earlier this year, BP also started up its new Zhuhai 3 unit in Guangdong Province, China. Using BP's latest technology and capable of producing up to 1.25M tons of PTA per year, Zhuhai 3 is the world's largest single-train PTA production unit as well as being one of the largest and most efficient PTA production units in the world. While BP's Decatur complex no longer fits with this strategy, the facility has been a major contributor to BP's U.S. petrochemicals business for many years. It makes chemicals essential for the production of thousands of items, from plastic water bottles to flat-screen televisions. BP expects to complete a sale of all or part of the facility provided a buyer can be found and an acceptable deal can be reached. Reference Link
09:48 EDTBPBP to explore sale of Alabama petrochemical plant, Bloomberg reports
Bloomberg cites e-mailed statement from BP.
08:43 EDTAAgilent pullback after earnings a buying opportunity, says Cowen
Cowen said any pullback in Agilent after its Q4 earnings report would be a buying opportunity. Even though guidance was lower than expected, the firm still thinks 2017 targets are achievable. Cowen maintained its Market Perform rating and $39 price target on Agilent shares.
November 16, 2015
18:26 EDTAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Nuance (NUAN), up 9.5%. ALSO HIGHER: Ocera Therapeutics (OCRX), up 26.6% after announcing Phase 1 study results for the company's oral formulation of OCR-002. DOWN AFTER EARNINGS: Urban Outfitters (URBN), down 11.5%... Agilent (A), down 1.3%. ALSO LOWER: Wayfair (W), down 2% after Bloomberg reported that Whitney Tilson said that Wayfair is currently his largest short.
17:02 EDTCVXPoint72 added to lululemon position, subtracted from Netflix position
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16:10 EDTAAgilent reports Q4 LSAG revenue down 4% to $515M
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16:09 EDTAAgilent sees FY16 adjusted EPS $1.85-$1.91, consensus $1.97
Sees FY16 revenue $4.15B-$4.17B, consensus $4.21B.
16:08 EDTAAgilent sees Q1 adjusted EPS 42c-44c, consensus 47c
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16:07 EDTAAgilent reports Q4 adjusted EPS 50c, consensus 47c
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15:02 EDTANotable companies reporting after market close
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06:51 EDTXOM, CVX, BPBig energy firms saw 70% earnings dip for first nine months, WSJ says
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06:08 EDTXOMExxon Mobil, Rosnet partnership is 'long-term,' Reuters reports
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