Related Benzinga's Top Initiations Barclays Bullish On Cotiviti Shares Related MDVN Mid-Afternoon Market Update: CIFC Rises Following Acquisition News; Marathon Oil Shares Slide 10 Biggest Mid-Day Gainers For Monday Pfizer Pays Up (Seeking Alpha) ....More>>>
Seadrill Ltd (NYSE:SDRL) is deep into penny-stock land these days. A low-priced stock is often a bad investment. Just because it’s cheap, doesn’t mean it’s a bargain. Too often, while there can be huge gains in penny stocks, the risks are huge, as well. Given its recent problems, SDRL stock is not what it once was.
Seadrill used to be a high-flying company.....More>>>
Crude oil futures were up Tuesday, with prices headed closer to session highs reached in the prior U.S. session, as expectations that the Organization of the Petroleum Exporting Countries will extend production cuts until early next year continued to boost trading sentiment.
The news, announced during a joint press conference by Saudi Arabia and Russia on Monday, lifted prices by as much....More>>>
Shale oil producer Whiting Petroleum (NYSE:WLL) is all set to benefit from an improvement in oil prices going forward as the company has managed to reduce its losses even in a challenging environment due to its cost control. In fact, driven by its focus on reducing costs, Whiting was recently upgraded by Stifel to “Buy” from “Hold” with a price target of $15. This implies....More>>>
Oil futures rose for a fourth straight session on Wednesday, trading at nearly 18-month highs on expectations the Organization of the Petroleum Exporting Countries and other major producing nations will make good on promises to cut output in the new year.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February ....More>>>
The parent company of Sears and Kmart, which has been paring costs and hoarding cash in a bid to survive, said Tuesday that it will put off repaying much of a $500 million loanto help shrink its debt.
Subsidiaries of Sears Holdingnow have a deal that will allow them to pay back $100 million of a $500 million loan in July, the initial date of maturity. But the remaining $400 million will not....More>>>
Cobalt International Energy (NYSE:CIE) has been on a seemingly never-ending slide. After plunging 77.3% in 2016, the offshore oil developer picked up right where it left off in 2017, falling another 22.8% last month. While the company released some good news last month, investors continue to focus on its precarious financial position.
U.S. equities finished mixed on Friday, with the Dow Jones Industrial Average clawing back over the 21,000 level into positive territory in the final minutes of trading, keeping up the recent dynamic of last minute, end-of-day surges on Fridays to ensure sentiment is protected over the weekend. The bulls largely ignored small-cap stocks, however.
In the end, the Dow gained a fraction,....More>>>
Michael E. Lewitt
Yesterday, markets had their worst day in 2017.
The Dow Jones Industrial Average plunged about 240 points and the S&P 500 dropped 1.2% with financials falling over 2.5%. I think the selloff was due to concerns about Trump’s policies not having the magical effects the markets are counting on. I also think it had a lot to do with Rep. Kevin Brady’s....More>>>
Issued by state and local governments, municipal bonds yield an average of just 2.5%. But you wont owe a penny in federal tax on most types of muni-bond income, and you can get a break on state taxes, too, if you invest in munis issued in the state where you reside. For instance, if you live in a state with a stiff income tax, such as California, and are in the top combined federal and state....More>>>