India is considering a plan to sell its ownership in Hindustan Petroleum Corp. to the nation’s biggest explorer at a premium of not more than 9 percent of the company’s six-month average share price as it seeks to reach a final agreement as early as Jan. 31, according to people with knowledge of the matter.
Capping the premium will prevent opposition from minority shareholders of HPCL, since the government doesn’t plan to open the offer to the public, and also not burden state-run acquirer Oil & Natural Gas Corp., the people said, asking not to be identified because the information isn’t public. An agreement is near completion with the parties working to endorse the valuation, they said.
At the proposed valuation, the sale will help Prime Minister Narendra Modi’s administration raise as much as 366 billion rupees ($5.7 billion), that is more than half of its annual asset sale target. The government plans to complete the transaction before March 31 to achieve the $11 billion asset sales target for the current financial year. The stake sale is crucial for narrowing its budget gap that has climbed to 6.12 trillion rupees during eight months to November, or 112 percent of the target.
Hot Oil Stocks To Buy For 2018: UTStarcom Holdings Corp(UTSI)
- [By Lisa Levin]
Shares of UTStarcom Holdings Corp (NASDAQ: UTSI) got a boost, shooting up 10 percent to $3.61. UTStarcom Holdings reported Q3 adjusted earnings of $0.07 per share on revenue of $26 million.
- [By William Romov]
Before we show you our pick, here are the top 10 penny stocks to watch this week
Penny Stock Current Share Price Nov. 27-Dec. 1 Gain (as of Dec. 1)
Pyxis Tankers Inc. (Nasdaq: PXS) $4.10 122.83%
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) $1.28 68.42%
Cerecor Inc. (Nasdaq: CERC) $1.74 47.46%
Proteostasis Therapeutics Inc. (Nasdaq: PTI) $2.52 37.71%
UT Starcom Holdings Corp. (Nasdaq: UTSI) $5.20 37.20%
WMIH Corp. (Nasdaq: WMIH) $0.96 33.46%
PhaseRx Inc. (Nasdaq: PZRX) $0.90 30.29%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $2.04 29.94%
EV Energy Partners LP (Nasdaq: EVEP) $0.86 27.76%
Catalyst Pharmaceuticals Inc. (Nasdaq: CPRX) $4.40 25.71%
FREE PROFIT ALERTS: Get real-time recommendations on the best penny stock opportunities the moment we release them. Just sign up here, its completely free
- [By Jim Robertson]
Yesterday, small cap Chinese broadband stockUTStarcom Holdings Corp (NASDAQ: UTSI) rose 29.02% and is still rising in after hours / premarket trading 5.32%, but now the stock is starting to look overbought on the technical charts:
Hot Oil Stocks To Buy For 2018: Masco Corporation(MAS)
- [By ]
Masco (MAS) : “I like Masco. We have a housing shortage and that’s good for Masco.”
Over on Real Money, Cramer says the Netflix (NFLX) numbers show that cord-cutting is more than palpable. Get more of his insights with a free trial subscription to Real Money.
- [By ]
In the Lightning Round, Cramer was bullish on Goldman Sachs (GS) , Berkshire Hathaway (BRK.B) , Ecolab (ECL) , PTC (PTC) , Arista Networks (ANET) , U.S. Concrete (USCR) and Masco (MAS) .
- [By WWW.THESTREET.COM]
When companies break up, they can create enormous value, and nowhere is that more evident than with TopBuild (BLD) , the former services arm of Masco (MAS) that began trading as an independent company in July 2015. Since the spinoff, shares of TopBuild have rallied 50% and Cramer said the move is not yet over.
Hot Oil Stocks To Buy For 2018: Teladoc, Inc.(TDOC)
- [By Steve Symington, Rich Smith, and Keith Speights]
But from an investor’s perspective, that raises the question: Are there other stocks that could offer similar returns?So we asked three top Motley Fool contributors to each pick a stock they believe hasNVIDIA-like return potential. Read on to see why they chose CalAmp (NASDAQ:CAMP), Kratos Defense & Security (NASDAQ:KTOS), and Teladoc (NYSE:TDOC).
- [By Lisa Levin]
Teladoc Inc (NASDAQ: TDOC) was down, falling around 6 percent to $33.70. First Baird downgraded Teladoc from Outperform to Neutral.
- [By Peter Graham]
Small cap telehealth stock Teladoc Inc (NYSE: TDOC) is theninth most shorted stock on the NYSE with short interest of 43.00% according toHighshortinterest.com. Teladoc calls itself the worlds largest and most trusted provider of virtual healthcare delivery services. The Company provides virtual access to high quality care and expertise with a portfolio of services and solutions inclusive of coverage of 450 medical subspecialties that spans the spectrum from non-urgent, episodic needs like flu and upper respiratory infections, to chronic, complicated medical conditions like cancer and congestive heart failure.