On Monday, Brazilian state-run oil giant Petrobras (NYSE:PBR) announced its earnings results for the third quarter that ended on September 30. According to the companys press release, Petrobras made a net profit of $81.1M, primarily thanks to the increase in exports, the growth of oil prices and gains from the sale of Nova Transportadora that occurred earlier this year.
The earnings news....More>>>
Shock, horror! U.S. President Donald Trump may prioritize the European Union (EU) over Britain for a trade deal following discussions in Washington with Germany’s Chancellor Angela Merkel. Remainers in the UK weren’t surprised and reacted with heavy sarcasm. But what does it mean for UK export and investment prospects?
Alastair Campbell, journalist, broadcaster and Downing....More>>>
Image Credit: Fox
Every year we see a number of movies designed for the purpose of wining Oscars. Part of the problem with that approach is that while a big awards win can often be worth its weight in gold to studios, investors would prefer actual cash.
Fox (NASDAQ:FOXA) may have solved part of that problem with its new film Hidden Figures and its not just the studio that could....More>>>
This time of year, taxpayers are bombarded with advice about maximizing deductions to reduce tax bills. By now, most of us know that we can donate to charity, pay off medical expenses, and pre-pay our mortgage interest to boost deductions. But what if instead of focusing on increasing deductions, taxpayers checked out ways to reduce taxable income? In other words: what could....More>>>
March 20, 2017: Markets opened slightly lower Monday and traded close to the break-even line all day. Leading indicators and consumer sentiment readings were both strong. Only the materials sector traded high late in the afternoon while energy and utilities were the laggards. The blue chips were performing best. WTI crude oil for April delivery settled at $48.22 a barrel, down 1.2% on the day. April....More>>>
I’ve brought the Gorgon LNG project up often before, which is being spearheaded by Chevron Corporation (NYSE:CVX). As the operator with a 47.3% stake in the massive venture, Gorgon production streams will have a very material impact Chevron, even for a firm of its size. Now that the first phase of the journey is coming to a close I decided to revisit the issue.
403(b) plans aren’t as well-known as other tax-favored retirement accounts, such as 401(k) plans or IRAs. But for teachers and many public-sector employees, employers often offer 403(b) plans as a way to save for retirement. With the same contribution limits as 401(k)s, 403(b) accounts can go a long way toward meeting your retirement needs. But to take maximum advantage of 403(b)s, you have....More>>>
Following the fleet status report of Rowan (NYSE:RDC), Noble Corp. (NYSE:NE) has also published its fleet status update. I remind you that Noble Corp. remains the sole driller which has chosen to present monthly updates, so news may look scarce compared to Rowan because of this. Here’s the main news:
1. Noble Bully I is on route to Curacao after it finished work for Shell (NYSE:RDS.A).....More>>>
Yesterday, our Under the Radar Moversnewsletter suggested small cap Viveve Medical Inc (NASDAQ: VIVE) as a short/bearish trade:
This downtrend just firmed up with the “second wind” effort evidenced in just the past couple of trading days. After finding support for the better part of September and October, the floor finally broker in late October. A bounce started to take shape....More>>>
KBW’s Meyer Shields and team took a look at Warren Buffett’s portfolio at Berkshire Hathaway (BRK.B) and contend that Buffett’s underperforming the S&P 500:
We estimate Berkshire’s QTD equity portfolio performance at +2.4%, about 190 bps below the S&P 500s +4.3% performance. We reiterate our Market Perform rating, since we think Berkshire’s....More>>>