Exxon Mobil Corporation (NYSE:XOM) stock holders are probably still shaking their heads in disbelief. Exxon Mobil stock barely moved despite what looked like a very strong first-quarter earnings report earlier this month. Chevron Corporation (NYSE:CVX) and BP plc (ADR) (NYSE:BP) completed the trifecta, with only ConocoPhillips (NYSE:COP) disappointing.
And yet, instead of celebrating Big Oil’s ability to grow profits amid lower oil prices, investors shrugged. XOM stock continues to skid along support around $80 per share, and continues to trade near a 52-week low.
free penny stock picks: Caladrius Biosciences, Inc.(CLBS)
- [By Lisa Levin] Related Chardan Analyst Suggests An AveXis-Ionis Pair Trade Why The Biogen-Ionis News Is A Boon For AveXis AveXis' (AVXS) CEO Sean Nolan on Q4 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related CLBS Earnings Scheduled For March 17, 2017 15 Biggest Mid-Day Gainers For Thursday Caladrius Biosciences beats by $0.07, beats on revenue (Seeking Alpha) Gainers
Caladrius Biosciences Inc (NASDAQ: CLBS) shares rose 20.2 percent to $6.13 in pre-market trading after the company reported a narrower-than-expected quarterly loss.
Arbutus Biopharma Corp (NASDAQ: ABUS) rose 12.3 percent to $3.20 in pre-market trading after the company disclosed that it has licensed LNP delivery technology to Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) for use in single messenger RNA product candidate.
AveXis Inc (NASDAQ: AVXS) rose 12.2 percent to $81.66 in pre-market trading after the company reported topline data from Phase 1 trial of AVXS-101.
TOP SHIPS Inc (NASDAQ: TOPS) shares rose 10.5 percent to $2.43 in pre-market trading after surging 109.52 percent on Thursday.
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) rose 9.8 percent to $17.45 in pre-market trading after declining 0.44 percent on Thursday.
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) rose 8.3 percent to $3.38 in pre-market trading after climbing 23.81 percent on Thursday.
Diana Containerships Inc (NASDAQ: DCIX) rose 7.6 percent to $2.99 in pre-market trading after surging 12.55 percent on Thursday.
Steel Dynamics, Inc. (NASDAQ: STLD) rose 5.2 percent to $37.25 in pre-market trading. Steel Dynamics expects Q1 earnings of $0.77 to $0.81 per diluted share. The company also declared a quarterly cash dividend of $0.1550 per common share.
Adobe Systems Incorporated (NASDAQ: ADBE)
- [By Chris Lange]
Caladrius Biosciences Inc. (NASDAQ: CLBS) watchedits shares soar on Thursday after the company announced a private placement offering. In terms of the specifics, the company entered into securities purchase agreements with several accredited investors for the sale of 4,449,153 shares of its common stock in private placements of $21 million.
- [By Lisa Levin]
Caladrius Biosciences Inc (NASDAQ: CLBS) shares shot up 14 percent to $5.83 after the company posted upbeat Q4 results.
Shares of Norsat International Inc (USA) (NYSE: NSAT) got a boost, shooting up 22 percent to $9.85 after the company reported the receipt of new indication of interest by Privet Fund Management LLP at $10.25 per share.
free penny stock picks: Fiserv, Inc.(FISV)
- [By Lee Jackson]
These companies also reported insider selling last week:Corcept Therapeutics Inc. (NASDAQ: CORT), Customers Bancorp Inc. (NYSE: CUBI), Ellie Mae Inc. (NYSE: ELLI), Fiserv Inc. (NASDAQ: FISV) and Ulta Beauty Inc. (NASDAQ: ULTA).
free penny stock picks: MyoKardia, Inc.(MYOK)
- [By Shane Hupp]
Get a free copy of the Zacks research report on MyoKardia (MYOK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
free penny stock picks: Golfsmith International Holdings Inc.(GOLF)
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggestedshorting small cap golf equipment stockAcushnet Holdings Corp (NYSE: GOLF):
Acushnet Holdings has been on our watchlist for a while too, but it’s only been in the past few days we’ve seen the cracks start to appear.
free penny stock picks: Phillips 66 Partners LP(PSXP)
- [By Dustin Parrett]
Phillips 66 Partners (NYSE: PSXP) just entered the Money Morning VQScore “Buy Zone,” making it one of the best stocks to buy right now.
And the timing couldn’t be better…
- [By WWW.KIPLINGER.COM]
As PSX has grown as a refining outfit, it has added midstream assets pipelines, terminals, rail lines and storage farms. Owning pipelines and gathering systems is a great way to generate cash flows. Phillips enhanced that by placing them inside of its master limited partnership, Phillip 66 Partners LP (PSXP). That way, PSX is preparing to keep its profits even when oil does inevitably rise.
- [By Matthew DiLallo]
This strategy of acquiring assets from a large parent company to grow an MLP’s payout has worked well over the years. Refining giant Phillips 66 (NYSE:PSX) has been one of the most successful with this strategy since creating Phillips 66 Partners (NYSE:PSXP) in 2013. At that time, Phillips 66 launched an ambitious plan to grow its MLP’s distribution at a 30% compound annual rate through 2018 via a steady stream of dropdown transactions. Phillips 66 Partners is right on target, having increased the payout at a 31% compound annual growth rate since the IPO while maintaining solid financial metrics, including covering the payout with cash flow by a very comfortable 1.33 times last quarter and maintaining a conservative debt-to-EBITDA ratio of 3.2 in 2017. This strategy has also richly rewarded investors in Phillips 66 Partners, which has generated a total return of 89% since its IPO despite a recent sell-off, easily ahead of the S&P 500’s nearly 73% total return over that time frame.
free penny stock picks: On Assignment Inc.(ASGN)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewslettersuggested suggested small cap employment services stockOn Assignment, Inc (NYSE: ASGN) as a short trade thats already turned profitable for us: