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Stock Market & Financial Investment News

News Breaks
June 10, 2014
14:19 EDTTS, VLOUF, PBRTenaris drops after competitor cuts guidance
Shares of steel pipe and tube maker Tenaris (TS) are falling after its competitor, Vallourec (VLOUF), reduced its guidance for its 2014 earnings before interest taxes depreciation and amortization. WHAT'S NEW: Vallourec now expects its EBITDA to drop 10% this year compared to 2013, the company stated in a press release earlier today. The company had previously anticipated that it would post a "moderate" increase in EBITDA this year. One reason for the change was a decision by Brazilian energy company Petrobras (PBR) to eliminate most of its tube inventories by the end of the year, Vallourec stated. Also, demand in the company's Europe, Asia, Middle East, and Africa region has declined as energy companies adjust their inventories and delay some tenders for premium products, Vallourec reported. "Management remains convinced of the long-term attractiveness of the global oil & gas end markets the Group serves and committed to implementing its strategy aimed at taking full advantage of these favorable structural trends," Vallourec's chairman, Philippe Crouzet, said in a statement. PRICE ACTION: In mid-afternoon trading, Tenaris dropped 3.3% to $45.34 and Vallourec shares trading in New York slumped 8% to $50.
News For TS;VLOUF;PBR From The Last 14 Days
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October 23, 2014
16:00 EDTPBROptions Update; October 23, 2014
iPath S&P 500 VIX Short-Term Futures down 2.04 to 33.48. Option volume leaders: AAPL TSLA TWTR F AMZN FB NFLX PBR P according to Track Data.
09:39 EDTPBRActive equity options trading on open
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06:16 EDTPBRDiamond Offshore receives Petrobras contract extensions
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October 22, 2014
16:00 EDTPBROptions Update; October 23, 2014
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09:38 EDTPBRActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
October 21, 2014
16:00 EDTPBROptions Update; October 21, 2014
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09:37 EDTPBRActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
06:29 EDTPBRPetrobras implied volatility of 133 at upper end of index mean range
October 20, 2014
16:00 EDTPBROptions Update; October 20, 2014
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14:33 EDTPBRPetrobras called a 'scheme' by Chanos, short recommended, Bloomberg reports
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09:52 EDTPBRDryShips unit awarded contract extensions
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October 17, 2014
16:01 EDTPBROptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
October 16, 2014
16:01 EDTPBROptions Update; October 16, 2014
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13:01 EDTPBRPetrobras Comperj refinery is 60% over budget, Bloomberg reports
Petrobras's Comperj refinery is 60% over budget, Bloomberg reports, citing the tribunal overseeing state spending. The Comperj refinery is scheduled to open in 2016 and will cost Petrobras $21.6B to complete, Bloomberg added. Reference Link
10:04 EDTTSTenaris to host investor day
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09:39 EDTPBRActive equity options trading on open
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October 15, 2014
16:00 EDTPBROptions Update; October 15, 2014
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07:00 EDTTSTenaris initiated with a Hold at ISI Group
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October 14, 2014
16:00 EDTPBROptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
October 13, 2014
09:39 EDTPBRActive equity options trading on open
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