The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories increased by 2.4 million barrels last week, maintaining a total U.S. commercial crude inventory of 425.9 million barrels. The commercial c
We have been waiting for an attractive entry point to buy Fabrinet (NYSE:FN) for a couple of months now as the stock has continued its impressive climb upwards. And, after the stock’s recent sell-off over the past few weeks, we believe that now is a great time to buy.
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Brief Company Overview
Fabrinet is a high-tech contract manufacturer for some of the....More>>>
Shares of Fred’s (FRED) are up more than 3% today after activist investorAlden Global Capital announced a 25% stake in the retailer. But that’s pocket change compared to the 81% rise on Tuesday following the announcement that Fred’s would more than double in size by buying more than 800 stores from Rite Aid (RAD) and Walgreens Boots Alliance (WBA).
Related IAG Earnings Scheduled For February 17, 2016 Benzinga's Top Upgrades IAMGOLD: Get It While The Gettins' Good (Seeking Alpha) Related ABX Earnings Scheduled For February 17, 2016 Benzinga's Top Initiations Barrick Gold Wants To Reduce Its Debt By $2 Billion....More>>>
New York has some of the strictest medical marijuana laws in the country, but a major tweak to current laws could increase patient access and help those in need.
According to NBC New York, 750 physicians have signed up to participate in medical marijuana programs, and 10,730 patients have been certified for medical marijuana use. But because of the restrictions, access to medical marijuana....More>>>
Higher yields, weaker gold and utility stocks have hurt “flight to safety” investments.
The rise in the 30-year bond yield held its 200-week simple moving average at 3.05% over the past two weeks. And the gold bullion exchange-traded fund held its 61.8% Fibonacci retracement level of $112.04 on Friday.
The yield on the 30-year U.S. bond rose to as high as 3.091%....More>>>
Credit Suisse analyst and teamGregory Lewis and team contend that Noble (NE) is “positioning for [an] eventual recovery” in offshore drilling, with emphasis on the word “eventual” but worry about They explain:
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We had the opportunity to host meetings with Nobleearlier this week. Management focused on its strong medium-term....More>>>
Federal prosecutors are pursuing a potential settlement of their record-settingforeign corruption lawsuit that seeks$1 billion in assets, including future proceeds from the 2013 Hollywood hit movieThe Wolf of Wall Street.
Characterized by federal officials as the largest attempted seizure under anti-kleptocracy laws in U.S.history, the case targets officials who allegedly misappropriated....More>>>
Pico Far East Holdings (OTC:PCOFF) [HKG:752], Asia's largest exhibition services provider, trades at an ex-net cash trailing P/E of just 10 times. This represents attractive valuations for a market leader which has generated 15-20% ROEs in the past decade and also has been profitable and free c
Investors in Asia-Pacific stock markets began shaking off their earlier caution ahead of the latest U.S. reading on inflation, which is likely to give some idea about whether the Federal Reserve will accelerate its pace of interest-rate increases.