Shares ofGoPro (NASDAQ:GPRO) sank to fresh all-time lows on Monday, following an analyst downgrade (via Tech Trader Daily). Goldman Sachs analyst Simona Jankowski dropped her rating on GoPro from neutral to sell, while simultaneously slashing her price target down to a mere $6, or about 30% lower
Penn West Petroleum Ltd. (NYSE:PWE) has been to the financial cliff and back again. The achievements of the last two years are probably top 1% in many areas. There was a little trepidation as the latest announcement saw more changes in senior management. For many shareholders, those senior manage
December 27, 2017: Markets opened slightly higher Wednesday and all three major indexes traded in a narrow band not too far from the opening line. Among the S&P sectors, counter-cyclicals posted small gains while energy and telecom were the biggest daily losers. WTI crude oil for February delivery settled at $59.34 a barrel, down 0.6% for the day, partly due to news that the North Sea Forties....More>>>
On Thursday, our Under the Radar Moversnewsletter suggested putting small cap onshore oil stock Evolution Petroleum Corp (NYSEMKT: EPM) into an aggressive short-term portfolio:
The oil property developer fits into the bullish call we (re)made for exploration and production stocks in yesterday’s newsletter, and like the industry chart, the long-term chart of EPM looks like it’s....More>>>
Getty Realty (NYSE:GTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution....More>>>
The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.
As the U.S. reimposes sanctions on the Islamic Republic, firms that help ferry Iranian oil risk losing access to the American financial system, similar to earlier in the decade when such measures were enforced. Additionally, this time around, they’ll have to contend....More>>>
Though the market has only risen slightly this year, with the S&P 500up about 1% year TO date, stocks are still up significantly over longer time horizons. Over the trailing one- and three-year periods, for instance, the S&P 500 is up 12% and 28%, respectively. With stocks trading much higher than they were a few years ago, some investors may be looking to put their money in more quality,....More>>>
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Italy’s political turmoil sends shockwaves through global markets, as concerns around a bigger European crisis swirl. And Trump ratchets up trade pressure on China, while preparing to welcome a top North Korean envoy to the U.S. Here are some of the things people in markets are talking about.
Dunkin' Brands Group(NASDAQ:DNKN) reports its second-quarter 2018 results next week on July 26.The quick-service restaurant chain has chalked up a stock price return of 35% over the last 12 months, due in part to investors' confidence in its strategy of investing in franchisee growth.
First Japan, and now China, is getting markets notably the bond world stirred up.
Bonds are the topic du jour, especially after the Bank of Japan got everyone a bit worked up yesterday by trimming its government bond purchases. Then this morning, Bloomberg reported China is considering c
As promised, natural gas pipeline giant Kinder Morgan (NYSE:KMI) returned to growth mode in 2018. Overall, the company hauled in $1.247 billion ($0.56 per share) of distributable cash flow during the first quarter, which was 3% higher than the year-ago period, and beat its forecast.
EVO Payments Inc (NASDAQ:EVOP) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $23.76 and last traded at $22.93, with a volume of 3028 shares changing hands. The stock had previously closed at $22.84.
West Texas Intermediate (WTI) crude oil traded at a discount of $7 a barrel to Brent crude late Monday morning, but that reflects just one headwind faced by U.S. crude producers. In the Permian Basin, the discount may surpass $20 or more a barrel due to a lack of pipeline takeaway capacity to tra