We continue to believe that financial stocks are quite undervalued as well. During the quarter we made a new investment in Ally Financial (NYSE:ALLY). Ally was founded nearly a century ago as General Motors Acceptance Corporation. Its purpose then was to provide financing to GM dealers and retail customers. Today, Ally is no longer owned by GM. It serves a wide variety of dealers (including Ford,....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.
Investors might be giving up on the so-called reflation trade too soon, according to Deutsche Bank.Top 10 Heal Care Stocks To Buy Right Now: Oshkosh Corporation(OSK)
President-elect Donald Trump says he will remove himself from his business “completely” to avoid conflicts of interest.
Authorities on government ethics and law say that’s not enough.
In a string of tweets Wednesday morning, the president-elect said he would leave the Trump Organization to focus on running the country. He promised to talk about it at a “major....More>>>
For the second week of October, we have four companies expected to go public on our upcoming IPOs calendar. These four companies could raise a combined $768 million, according to Renaissance Capital, a manager of IPO-focused ETFs.
Three of the upcoming IPOs this week are in the energy sector, and one is in the communication sector.
In terms of potential deal size, Extraction Oil....More>>>
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There has been a lot of noise about how DRAM and NAND pricing is about to collapse and companies that are focused on those chips are about to see their share prices collapse as well.
Most recent was the bear case from Goldman Sachs which laid out the argument that companies in the space like Micron, Western Digital and company were not worthy of an investment....More>>>
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An upbeat reading on U.S. retail sales isnt enough to keep U.S. stock indices from tanking today. The Dow dropped more than 200points in late afternoon market action.
The Dow Jones Industrial Average dropped 1.19% and the S&P 500 fell 1% while the Nasdaq Composite fell 0.6%.
Energy and financial shares in the S&P 500 led the declines with....More>>>
Related SF Worst Performing Industries For February 24, 2016 Earnings Scheduled For February 23, 2016 Related CIB Stocks Hitting 52-Week Lows Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To Tumble
The Dow fell 0.45 percent to 17,424.07, while the NASDAQ....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>>>
April 6, 2017: Markets opened higher again Thursday and gathered strength until early afternoon when all three major indexes gave back most of the day’s gains. Energy and real estate led the S&P sectors, while telecom lagged. WTI crude oil for May delivery settled at $51.70 a barrel, up 1.1% on the day. June gold added 0.4% on the day to settle at $1,253.30. Equities were headed....More>>>