A Reuters survey estimated that US crude oil inventories would fall 3.5 MMbbls between August 11, 2017, and August 18, 2017.
Kier, which has contracts for major construction projects in Britain including London's Crossrail link, said Chairman Philip Cox would act as executive chairman until a new CEO was appointed. "The board believes that, following the completion of the recent rights issue, now is the right time for a new leader to take Kier forward to the next stage of its development," Cox said in a statement. Investors took up just 38 percent of Kier's share issue in December, with its top shareholder at the time - Neil Woodford-led Woodford Investment Management - deciding to take up only about half of its rights from the offer, a source with knowledge of the matter told Reuters.
Marijuana producer Green Growth Brands Inc. ggbxf) has presented a formal offer to acquire Aphria Inc. apha)(ca:apha) to shareholders, a Green Growth spokeswoman said Tuesday over the phone.
After the Tuesday close, IBM reported fourth-quarter results and gave 2019 financial guidance above Wall Street expectations. “We saw strong signings in our services business,” IBM Chief Financial Officer James Kavanaugh said on its conference call. The company reported fourth-quarter adjusted earnings per share of $4.87, versus the $4.82 analyst consensus, according to FactSet.
NASDAQ/NGS:SNH Summary Bearish sentiment is low Short interest | Positive Short interest is low for SNH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ETF/Index ownership | Neutral ETF activity is neutral.
Of the Dow Jones Industrial Average's (djia)412-point plunge Tuesday, five higher-priced components are accounting for nearly half of the decline. The biggest drag on the Dow's price is Boeing Co. (ba) as the stock fell $8.75, or 2.4%, to shave about 59 points off the Dow's price. Among the other biggest drags, shares of Goldman Sachs Group Inc.
IBM Corp (IBM.N) beat analysts' fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such as cloud, software and services, sending its shares up about 7 percent. The company has been shifting towards the faster-growing segments to lower dependence on its traditional hardware products and reverse years of revenue declines. "We had our strongest signings quarter to finish out the year in a long period of time, where we signed roughly $16 billion (£12 billion) worth of signings - that's up 21 percent," Chief Financial Officer James Kavanaugh told Reuters.
Editas Medicine (EDIT) collapsed Tuesday — sending other gene-editing stocks crashing — after Chief Executive Katrine Bosley announced her resignation, effective March 1. ibd-display-video id=4042362 width=50 float=left autostart=true] The news comes a day after Editas announced the publication of early data supporting its gene-editing therapy in an eye disorder that primarily affects the retina. In a note to clients, Chardan analyst Gbola Amusa said Editas could begin a clinical study in the second half of the year.
Shares of General Electric (NYSE: GE) stock plunged 5.5% in early trading Tuesday, before clawing back some of its losses to close the day down 4.6%. The reason: Doubts are emerging regarding GE's ability to sell its GE Capital Aviation Services (GECAS) airplane leasing business -- or at least, its ability to sell it for enough money to make a meaningful contribution toward paying down GE's mammoth $115 billion debt load. Last week, CNBC reported that GE has been hoping to raise as much as $40 billion from a sale of GECAS, which would obviously go a long way toward restoring health to GE's balance sheet.
As a result, the transaction significantly weakened NuStar Energy's financial metrics as its distribution coverage ratio, for example, fell from an already tight 1.06 times before the deal to a dangerously low 0.66 times in the quarter after its closing. While the company believed that Navigator's growth potential would eventually make the deal a winner, it put itself in a tight spot by paying such a high price for the business. Buckeye Partners also made a major acquisition in early 2017, buying a 50% stake in VTTI's global marine terminal business for $1.15 billion.
New York Times columnist Jim Stewart joins CNBC's "Squawk on the Street" team to break down the potential outcomes of the ongoing Bezos divorce.
I mean, if you -- as you know, we don't really like to comment on quarter, particularly after 3 weeks, considering the volatility we have been experiencing in the last few years on an intra-month and an intra-quarter basis, but of course, we all can see the developments in asset classes performance since the beginning of the year, which have a positive impact to sentiment. Although, the sentiment, I think, investor sentiment and conviction levels have been hurt. I mean people -- some people out there are still quite concerned about the developments.
The big shareholder groups in TG Therapeutics, Inc. (NASDAQ:TGTX) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. TG Therapeutics is a smaller company with a market capitalization of US$347m, so it may still be flying under the radar of many institutional investors.
Ford Motor Company (F) reports earnings after the closing bell on Wednesday, Jan. 23, and according to Macrotrends, the stock has a P/E ratio of just 6.22 with a dividend yield of 6.99%. On the first day of the year, the stock traded as low as $7.48, which was a buying opportunity between my annual value level at $7.31 and my semiannual pivot at $7.56. Ford reports earnings after the close on Wednesday, and analysts expect the auto maker to post earnings per share of 30 cents.
(BIDU) (BIDU) traded lower Tuesday following downbeat data from China—and a word of caution from Citigroup. Where we were: The internet giant is down nearly 40% in the past 12 months, hurt by worries about risk-on assets like tech stocks and China's economy. Where we're headed: Citi warns that Baidu is ramping up its spending at a time when advertisers may rein in budgets.
Most major stock indexes were down between 1% and 2% as market participants reacted negatively to new concerns about global economic growth. Some issues affecting individual companies also weighed on sentiment, and Arconic (NYSE: ARNC), Weibo (NASDAQ: WB), and Altria Group (NYSE: MO) were among the worst performers. Shares of Arconic plunged 16% after the aluminum producer chose to end its efforts to sell itself, effectively terminating talks with private equity company Apollo Global Management about a possible buyout.
Macquarie is out with a note on Apple's iPhone/handset upgrade cycles. Cycles are expected to stretch to 34 months in 2018, up from 29 months in 2016. Yahoo Finance's Jen Rogers, Myles Udland and Brian Sozzi break it down.
Investors in Rite Aid Corporation RAD need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. Looking at the history of these trends, perhaps none is more beloved than value investing. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
The iPhone's slowing growth is putting increasing pressure on Apple management to quickly find new offerings and innovations to grow revenue from its services and wearable products businesses. Services and Wearable Products Services revenue has been increasing in recent years and reached $10.8 billion in the first quarter. Since the first quarter of 2017, service revenue has been growing at an average pace of 24% per quarter, reaching record revenue in the first quarter of 2019.
The market expects Opus Bank (OPB) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 28.
The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Multi-Color: P/E of 10.25 = $42.98 ÷ $4.19 (Based on the year to September 2018. Is A High Price-to-Earnings Ratio Good? A higher P/E ratio means that buyers have to pay a higher price for each $1 the company has earned over the last year.
Even the FDA's increased scrutiny of vaping—a positive factor for big tobacco in the past—turned against the industry, as the agency's concern about flavoring extended to menthol. Those headwinds aren't going anywhere in 2019, warns Morgan Stanley's Pamela Kaufman, who downgraded (MO) to Underweight and lowered her price target to $45 from $54. Altria didn't immediately respond to a request for comment.
However, it's still down big over the past three and six months, falling more 21.5% and 44%, respectively. Last week though, iQiyi stock showed signs of breaking out, heaping some confidence on investors that the worst may be over. Is that the case and is IQ stock really breaking out?
Analysts are looking for earnings of $4.19 per share on revenues of $84.1 billion. When the company last reported on Nov. 1, earnings of $2.91 per share beat estimates by 13 cents on a 19.6% rise in revenues. Kellogg (K) Shares of cereal maker Kellogg (NYSE:K) are trading at just an 11.2x multiple and have risen back over their 20-day moving average.
Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). However, Warren Buffett said 'volatility is far from synonymous with risk' in his 2014 letter to investors. So, while useful, beta is not the only metric to consider.