U.S. Markets closed

TechnipFMC: Lowest Oilfield Services Free Cash Company in Q1 2018

Alex Chamberlin
TechnipFMC: Lowest Oilfield Services Free Cash Company in Q1 2018

TechnipFMC’s (FTI) cash flow from operating activities (or CFO) was negative in the first quarter and declined sharply year-over-year. It generated -$201 million of CFO in the first quarter. Year-over-year, its revenues declined following its subsea project completions in Africa and project completions in its Onshore-Offshore segment.

  • Why Advanced Micro Devices, Inc. Stock Closed 11% Lower on Friday
    Business
    Motley Fool

    Why Advanced Micro Devices, Inc. Stock Closed 11% Lower on Friday

    Analyst Pierre Ferragu from financial firm New Street Research set his price target for AMD at $18 per share, arguing that the stock has been priced for a level of success that simply isn't realistic. "AMD's stock price reflects a scenario we don't believe possible," Ferragu wrote. In particular, Ferragu sees larger rival Intel (NASDAQ: INTC) getting its manufacturing act together as we speak.

  • What happens if you win Mega Millions' $970M jackpot?
    News
    Associated Press

    What happens if you win Mega Millions' $970M jackpot?

    Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, which now stands at $970 million. Here are some answers for someone holding that prized lottery ticket for what would be the second-largest lottery jackpot in U.S. history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.

  • This Marijuana Investment Firm's 11 Top Cannabis Picks for Explosive Growth
    Business
    Motley Fool

    This Marijuana Investment Firm's 11 Top Cannabis Picks for Explosive Growth

    The marijuana industry has become a hotbed of investment activity, and players of all sizes are looking to get into the action. On top of all the interest from ordinary investors, cannabis companies have seen demand rise from sophisticated institutional investors that have experience with deploying larger amounts of investment capital in search of high-growth opportunities. One of the most interesting marijuana investment specialists that investors can follow is Canopy Rivers (NASDAQOTH: CNPOF).

  • Why Valero Energy, eBay, and New Age Beverages Slumped Today
    Business
    Motley Fool

    Why Valero Energy, eBay, and New Age Beverages Slumped Today

    Some major market benchmarks managed to hang onto their gains, but the Nasdaq Composite, and Russell 2000 indexes posted losses of 0.5% to 1.25%, and the S&P 500 was virtually flat. Valero Energy (NYSE: VLO), eBay (NASDAQ: EBAY), and New Age Beverages (NASDAQ: NBEV) were among the worst performers on the day. Valero Energy dropped 10% after the refinery company announced that it would buy back all outstanding units of its related MLP, Valero Energy Partners (NYSE: VLP).

  • HES Is Expected to Top Cash Flow Growth among Upstream Players
    Finance
    Market Realist

    HES Is Expected to Top Cash Flow Growth among Upstream Players

    Hess Corporation (HES), one of the largest producers in the Deepwater Gulf of Mexico, is expected to experience the highest YoY (year-over-year) cash flow growth among upstream companies in the third quarter. The partnership is expected to post cash flow from operations of $553.6 million in the third quarter compared to $88.0 million in the third quarter of 2017, representing a 529.1% YoY increase. Hess Corporation’s YoY jump is expected to be driven by strong production growth and higher average realized sales prices driven by a significant YoY rise in crude oil prices.

  • Kmart employee chokes up as he makes his final announcement before the store closes permanently
    Business
    Yahoo Lifestyle

    Kmart employee chokes up as he makes his final announcement before the store closes permanently

    Joshua Englert, manager of the closing Kmart store in McMurray, Penn., says a final farewell to customers. Some shoppers might be sad to see Kmart stores go, after the chain’s parent company, Sears Holdings, filed for Chapter 11 bankruptcy protection on Monday. Taking to his Facebook on Sunday evening, Englert posted a video of himself saying, “Attention, Kmart shoppers” over the store’s PA system for the very last time after working at the superstore for 18 years.

  • Hillary Clinton under fire over Lewinsky comment
    Politics
    Fox Business Videos

    Hillary Clinton under fire over Lewinsky comment

    Madison Gesiotto, National Diversity Coalition for Trump, and Democratic strategist Al Mottur on how former presidential candidate Hillary Clinton said that her husband’s affair with Monica Lewinsky was not an abuse of power.

  • Business
    Benzinga

    Jim Cramer Shares His Thoughts On Amarin, AT&T, McDonald's And More

    On CNBC's "Mad Money Lightning Round", Jim Cramer said Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) is a great speculative stock. Cramer is willing to endorse AT&T Inc. (NYSE: T), but he thinks Verizon Communications Inc. (NYSE: VZ) offers more safety

  • This Refining Giant Is the Latest Energy Company to Give Up on Its MLP
    Business
    Motley Fool

    This Refining Giant Is the Latest Energy Company to Give Up on Its MLP

    The energy sector continues to experience a gigantic consolidation wave, which is causing master limited partnerships (MLPs) to drop like flies. Valero Energy (NYSE: VLO) is behind the latest disappearing act in the space after it agreed to buy out its MLP Valero Energy Partners (NYSE: VLP). Valero Energy launched Valero Energy Partners in late 2013, joining its refining rivals in creating an income-producing vehicle that would steadily buy its parent's midstream assets.

  • ‘You are a disaster’: Cleveland-Cliffs CEO berates analyst on earnings call
    News
    MarketWatch

    ‘You are a disaster’: Cleveland-Cliffs CEO berates analyst on earnings call

    Shares of Cleveland-Cliffs Inc. fell more than 6% Friday after Chief Executive Lourenco Goncalves slammed analysts during the mining company’s earnings call earlier in the day, accusing them of failing to understand numbers and targeting a Goldman Sachs analyst for most of his angry remarks. Cleveland Cliffs (CLF) stock hovered at its lowest since Sept. 11 and was on pace for its largest percentage loss since late June. Goncalves fired his first salvo soon after the conference call’s first remarks wrapped up.

  • Five reasons why Boeing analysts expect solid third-quarter financial results
    Finance
    American City Business Journals

    Five reasons why Boeing analysts expect solid third-quarter financial results

    Analysts predict Boeing will report solid financial results next week thanks to better-than-expected widebody deliveries and growing airline spending on parts and maintenance. Boeing reports third-quarter earnings for the period ended Sept. 30 before financial markets open on Wednesday.

  • Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted
    World
    Bloomberg

    Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted

    Now Crown Prince Mohammed bin Salman could become the biggest risk to his own project. Everything changed when Jamal Khashoggi walked into the Saudi consulate in Istanbul on Oct. 2 and didn’t come out. Prince Mohammed, who’s denied any knowledge of Khashoggi’s fate, still has his defenders -– notably Donald Trump.

  • 5 Retail Stocks That Could Follow in Sears’ Footsteps
    Finance
    InvestorPlace

    5 Retail Stocks That Could Follow in Sears’ Footsteps

    Once upon a time, Sears helped America become a healthy economy again in the post-War years. Back then, no one would’ve guessed that Sears would file for bankruptcy before 2020. Are my retail stocks really all that safe?

  • Here’s why you shouldn’t retire super early — even if you can
    Business
    MarketWatch

    Here’s why you shouldn’t retire super early — even if you can

    Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.

  • The Legal Way Canadian Marijuana Stocks Are Tricking Investors
    Business
    Motley Fool

    The Legal Way Canadian Marijuana Stocks Are Tricking Investors

    Following nine decades of prohibition, recreational marijuana is officially legal in Canada, albeit the extent of who can buy, whether the plant can be homegrown, and where product can be purchased really depends on the province. The important fact here is that legalization is expected to usher in billions of dollars of added annual revenue to the industry. This expectation of a surge in sales -- Wall Street is looking for approximately $5 billion in added annual revenue once the industry is up to speed -- is what's behind the more than two-year rally in marijuana stocks.

  • Cramer's 5 favorite tech stocks right now, including Appl...
    MSFT
    CNBC Videos

    Cramer's 5 favorite tech stocks right now, including Appl...

    Jim Cramer reveals his top "power" players in the information technology space, including consumer tech plays, software giants and a fintech kicker.

  • Valero to fold logistics arm back into parent company in $950 million deal
    Finance
    American City Business Journals

    Valero to fold logistics arm back into parent company in $950 million deal

    Less than five years after it was created as a master limited partnership, San Antonio-based pipeline and storage terminal company Valero Energy Partners LP is merging back with its parent company.  Valero Energy Partners (NYSE: VLP) announced after close of market on Thursday that it is merging with Valero Energy Corp. (NYSE: VLO), its general partner Valero Energy Partners GP LLC and Forest Merger Sub LLC, a subsidiary that was incorporated in Delaware as a merge vehicle by Valero on Tuesday. Under a merger agreement filed with the U.S. Securities and Exchange Commission, Valero will buy all outstanding shares of VLP stock at $42.25 per share in a transaction that is expected to be worth $950 million.

  • Boeing works widebody deals in Asia as Airbus woos a longtime Boeing customer in China
    Finance
    American City Business Journals

    Boeing works widebody deals in Asia as Airbus woos a longtime Boeing customer in China

    Boeing is negotiating potential widebody jet deals with Korean Air, Thai Airways and IndiGo, while one of its longtime, exclusive customers in China is now talking with Airbus. Thai Airways International is weighing buying Boeing's new 777X or Airbus A350s as part of a plan to renew its widebody fleet, a senior executive told Reuters at an airline industry conference in South Korea. Thai Airways submitted a plan to its government to buy 23 jets worth $3 billion including widebodies, but it was returned to the airline's leadership for a fresh three-month review.

  • Now is a ‘once-in-a-lifetime’ chance to invest in US pot companies, investor says
    Finance
    Yahoo Finance

    Now is a ‘once-in-a-lifetime’ chance to invest in US pot companies, investor says

    With some Canadian pot stocks posting triple-digit return rates this year, many retail investors have looked north to pour cash into cannabis. U.S. cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said David Wenger, a New York attorney and senior editor of the Cannabis Law Digest.

  • Business
    Motley Fool

    Why IBM’s Brief Growth Streak Just Stalled

    Unfortunately for its shareholders, there was a speed bump on the road to rebound last quarter: The company reported this week that revenue shrank, and growth in its vital "strategic imperatives" businesses slowed. Seriously, when IBM's legacy mainframe business is the strongest performer in a given quarter, one has to see that as a problem.

  • Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere
    News
    MarketWatch

    Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere

    Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.

  • The Mega Millions Jackpot Is Now $970 Million. Here's What That Could Buy
    Finance
    Fortune

    The Mega Millions Jackpot Is Now $970 Million. Here's What That Could Buy

    You know the odds of winning the Mega Millions jackpot are insanely low. The jackpot for the Mega Millions drawing, set to take place Friday, Oct. 19 at 11 p.m., is currently estimated at $970 million. Generous souls will give some of their jackpot winnings to charity or start one of their own, but if you’ve got a quirky sense of humor, it’s worth pointing out that the $970 million Mega Millions jackpot is enough to pay for a McDonald’s Happy Meal (hamburger, not Chicken McNuggets) for every person in America.

  • Xilinx (XLNX) to Report Q2 Earnings: What's in the Cards?
    Business
    Zacks

    Xilinx (XLNX) to Report Q2 Earnings: What's in the Cards?

    Xilinx XLNX is scheduled to report fiscal second-quarter 2019 results on Oct 24. The company beat the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 5.95%. In the last reported quarter, the company reported earnings of 74 cents per share, which beat the Zacks Consensus Estimate by a penny and were much higher than the prior-year quarter’s figure of 59 cents.

  • Freeport’s Q3 2018 Earnings: What’s the Word on Wall Street?
    Finance
    Market Realist

    Freeport’s Q3 2018 Earnings: What’s the Word on Wall Street?

    Freeport-McMoRan (FCX) is scheduled to release its third-quarter earnings results on October 24. Analysts polled by Thomson Reuters expect Freeport to post revenue of $4.5 billion in the third quarter. Freeport posted an adjusted EBITDA of $1.6 billion in the third quarter of 2017.

  • Why Is Ford Stock Tanking before Its Q3 2018 Earnings Event?
    Finance
    Market Realist

    Why Is Ford Stock Tanking before Its Q3 2018 Earnings Event?

    Why Analysts Are Pessimistic about Ford’s Q3 2018 Earnings  Ford’s Q3 2018 earnings Ford Motor Company (F), the second-largest US automaker by 2017 vehicle sales volume, is set to release its third quarter of 2018 earnings report on October 24. But before