Chart Events
Performance Outlook
| Previous Close | 74.59 |
| Open | 76.87 |
| Bid | 77.25 x 2200 |
| Ask | 77.30 x 900 |
| Day's Range | 75.00 - 79.08 |
| 52 Week Range | 20.00 - 80.75 |
| Volume | 35,323,504 |
| Avg. Volume | 19,440,578 |
| Market Cap | 61.506B |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.44 |
| Earnings Date | Apr 29, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 60.59 |
Fair Value
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- Bloomberg
Abu Dhabi De Facto Ruler Cements Control Over Oil Firm Adnoc
(Bloomberg) -- Abu Dhabi’s de facto ruler, Crown Prince Mohammed Bin Zayed, has cemented his control over the emirate’s state energy company by becoming chairman of a newly-established board of directors.The crown prince also appointed one of his sons, Khaled bin Mohamed bin Zayed, as chairman of a smaller six-member executive board at Abu Dhabi National Oil Co., according to tweets on Sunday from the emirate’s media office.Adnoc pumps almost all the oil and gas in the United Arab Emirates, the third-biggest crude producer in OPEC.“This formalizes the crown prince’s role as the head of Adnoc, which had been the case for several years now,” said Robin Mills, founder and head of Dubai-based consultancy Qamar Energy. “It provides an important role for his son.”Sultan Al Jaber, Adnoc’s chief executive officer, has been given the additional title of managing director and will sit on both boards.The decision comes after Abu Dhabi in December merged the Supreme Petroleum Council, which used to set the government’s energy policy, with a new Supreme Council for Financial and Economic Affairs. Most of the Adnoc board members were on the SPC.The creation of the 11-member wider board was made at the behest of Sheikh Khalifa Bin Zayed, president of the UAE and the crown prince’s brother. The crown prince has largely run the country and the emirate of Abu Dhabi since 2014, when Sheikh Khalifa had a stroke.Other members of the executive board include Jaber, Khaldoon Al Mubarak, head of Abu Dhabi sovereign wealth fund Mubadala Investment Co., and Suhail Al Mazrouei, the UAE’s energy minister.(Updated throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Benzinga
Barron's Latest Picks And Pans: Berkshire Hathaway, Citigroup, Dow, Twitter And More
This weekend's Barron's cover story explores how investors can benefit from the shift to green energy. Other featured articles discuss value stocks to ride the economic recovery, what the spike in bond yields means for stocks, and tech stocks resisting the sector downturn. Also, the prospects for a big bank, a discount retailer, Warren Buffet's buybacks and more. Cover story "Utilities: How Investors Can Plug In to the Greening of America" by Andrew Bary discusses why utility companies offer attractive yields and inexpensive valuations, and why they are getting better for the environment. See what's up with American Electric Power Company Inc (NYSE: AEP), NextEra Energy Inc (NYSE: NEE) and many more. Carleton English's "3 Ways Jane Fraser Can Fix Citigroup—and Why the Stock Is a Buy" makes the case that Citigroup Inc (NYSE: C) is broken, but it finally might have found someone fix it. The new CEO takes up the reins on March 1 and will be the first woman to lead a U.S.-based big bank. Find out why Barron's believes that the stock is a buy now. In "Ross Stores Stock Is a Treasure Waiting to Be Found," Teresa Rivas suggests that off-price retailer Ross Stores, Inc. (NASDAQ: ROST) has had a tough time during the pandemic, but it should soon begin to see the benefits of a reopening economy. See what Barron's says makes this stock a unique bargain. In his annual shareholder letter, CEO Warren Buffett noted that Berkshire Hathaway Inc. (NYSE: BRK-B) repurchased more than 5% of its stock during 2020, according to "Berkshire Hathaway Continues Its Torrid Pace of Share Buybacks" by Andrew Bary. Does Barron's think it will continue the aggressive share-repurchase program? In Reshma Kapadia's "These 7 Value Stocks Will Benefit From an Economic Recovery," see why a renowned portfolio manager says investors have favored growth stocks, especially technology, for a decade, but the environment is ripe for a return to value. And find out whether Johnson & Johnson (NYSE: JNJ), Mattel Inc (NYSE: MAT) and more fit the bill. "What to Buy When Good News Means Bad News for Stocks" by Jack Hough points out that a "hot" economy will favor some sectors, not others. But the question remains whether the spike in bond yields is a hiccup or something more lasting. What does that mean for the likes of Deere & Company (NYSE: DE) and Las Vegas Sands Corp. (NYSE: LVS)? See also: Warren Buffett In Annual Letter Signals More Stock Buybacks Coming This Year, Says Don't 'Bet Against America' In the next few months, the opportunity might be in old-school tech, forgotten stocks like HP Inc (NYSE: HPQ) and Dell Technologies Inc (NYSE: DELL). So says Eric J. Savitz's "Rising Rates Are Crushing Tech Stocks. Here Are 10 That Can Still Thrive." Find out whether Barron's believes Micron Technology, Inc. (NASDAQ: MU) is also worth a look. In "Why Chemical Company Dow Is Ready to Put Its Doldrums Behind," Al Root explains that Dow Inc (NYSE: DOW) has plenty of cash, and the stock is not particularly pricey. In addition, it yields about three times the S&P 500's 1.5%. So why have analysts failed to notice that everything is breaking right for the chemical company? Bill Alpert's "How Twitter and Jack Dorsey Proved Investors Wrong" claims that shares of Twitter Inc (NYSE: TWTR) have soared more than 120% since a bullish Barron's cover story last summer. Now that investors are giving the social networking service company more credit, the stock seems to be fairly valued, says the article. Also in this week's Barron's: The latest Barron's annual ranking of online brokers What is missing from Warren Buffett's annual letter When stock bulls learn that bonds are not boring after all Whether rising Treasury yields signal the end of the bull market Why the $1.9 trillion pandemic-relief bill is far from a done deal Why Americans' cash hoard will not boost growth What is next for oil producers as prices rise Brazil's market in the aftermath of the Petrobras shakeup How to build a portfolio that cuts risk, taxes and costs for investors A remembrance of the sculptor of the Wall Street bull At the time of this writing, the author had no position in the mentioned equities. Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. Photo via Wikimedia. See more from BenzingaClick here for options trades from BenzingaThe Past Week's Notable Insider Buys: Agree Realty, Avis Budget, Zoetis And MoreBarron's Latest Picks And Pans: Bank Stocks, BDCs, Blackstone, Fluor, Oracle And More© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Benzinga
Nathan Michaud, Founder Of Investors Underground, Joins 'Pennies Going in Raw' To Talk Twitter Traders, Short Selling And More
Alongside the historic rise of traders entering the market is an equally historic increase of "social" trading. In addition to sites like r/WallStreetBets and Discord, many traders have turned to the financial side of Twitter, colloquially known as "FinTwit," for investment ideas. What Happened: Nathan Michaud, founder of Investors Underground, joined Pennies Going In Raw hosts Hugh Henne and Dan Knight to discuss the influence of Twitter Inc (NYSE: TWTR) on the market. Why It Matters: The trio noted to listeners that many of the bigger influencers on Twitter can influence the price of a stock. There is nothing illegal or wrong with simply stating that one likes a stock or sharing research. As Michaud explains, that line is crossed if the influencer is taking money to promote the stock. “If you’re getting compensated for stocks you should be disclosing it and you shouldn’t be trading them,” Michaud said. In his very early days of trading, Michaud gained first-hand experience dealing with the SEC regarding compliance issues. While Michaud was in college, he began helping companies improve their websites. From there, he put information about the companies on his stock ideas website as well. “Where I went wrong was I was trading them as well,” Michaud said. Many traders, including Michaud, have expressed their disapproval of a large Twitter account tweeting out a stock pick, and then selling that stock as soon as it shoots up — basically a Twitter-fueled pump and dump. “I think it comes down to intent. So I have mad respect for people that buy and actually hold. ... If you’re tweeting just to exit right into that, I don't think that’s the best thing to do,” Michaud said. Diamond Hands: Michaud says it is difficult for investors to pass up easy gains. Specifically, Michaud went on to describe how impressed he was that Mr. Zack Morris, held his AMC Entertainment Holdings Inc (NYSE: AMC) trade for so long, refusing to take early gains. “He crushed it, I gave him a lot of credit. It’s very hard to not take gains. In order to get where he got with AMC, he had to not take X, not take 2x, not take 5x... that’s hard to do. Heavy kudos to him,” Michaud said. Current Market Conditions: Henne, Knight and Michaud also discussed how abnormal the current market climate is for newer investors. “I don't think that people get how great it is that are just starting out — this is not normal,” Michaud said. “It’s not always like this.” Michaud went on to compare the current market climate to that of the dot-com bubble of the late 90s. “Clearly there’s some sort of a bubble. You can either complain about it or do your part to inflate it. I’m doing the second,” Dan said. Michaud went on to explain that days and days of a stock running up could come crashing down in a much shorter time frame. “I’m very good at waiting and waiting, and letting it roll over. You could have that two, three week run up and that’s great but that can unravel in one hour. And so that’s why I really like shorting... and it happens to be something I’m very good at.” See more from BenzingaClick here for options trades from BenzingaHIVE Blockchain Technologies: Powering The Future Of Blockchain Computing TechnologiesU.S. Global Investors: Innovating Funds To Provide Unique Opportunity To Investors Via Blockchain, Gold, Airlines And More© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
