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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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July 30, 2014
17:15 EDTTSTenaris still sees 2014 results 'in line' with 2013
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17:15 EDTTSTenaris reports Q2 EPS 69c, consensus 70c
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July 28, 2014
11:49 EDTPBRStocks with call strike movement; PBR QIHU
Petrobras (PBR) November 19 call option implied volatility increased 4% to 50, Qihoo 360 (QIHU) December 115 call option implied volatility decreased 2% to 49 according to IVolatility.
July 25, 2014
10:02 EDTPBROn The Fly: Analyst Upgrade Summary
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05:43 EDTPBRPetrobras upgraded to Overweight from Equal Weight at Barclays
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July 22, 2014
06:04 EDTPBRPetrobras implied volatility of 47 at upper end of index mean range
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July 21, 2014
12:11 EDTPBRStocks with call strike movement; PBR CLF
Petrobras (PBR) October 20 call option implied volatility increased 3% to 44, Cliffs Natural (CLF) October 17 call option implied volatility increased 7% to 48 according to IVolatility
July 17, 2014
16:01 EDTPBROptions Update; July 17, 2014
iPath S&P 500 VIX Short-Term Futures up 2.66 to 29.93. Option volume leaders: AAPL FB GOOG APA MSFT PBR SUNE AMZN TWTR TSLA according to Track Data.

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