Business


Department of Energy Providing 500000 Barrels of Crude to Cope With Harvey Department of Energy Providing 500000 Barrels of Crude to Cope With Harvey
- September 01, 2017

Before the storm, USA inventories were running at maximum capacity to meet record gasoline demand of 9.846 million barrels a day "narrowly above the previous all-time high set just four weeks ago", said Paul Horsnell, the head of commodity research at Standard Chartered. (more...)
State Street Corp is the third biggest owner of Celgene Corporation (CELG)
- September 01, 2017

The Old Mutual Global Index Trackers Ltd holds 21,300 shares with $2.47M value, up from 13,800 last quarter. The third largest holder is State Street Corp, which now holds $4.27 billion worth of this stock and that ownership represents almost 4.05% of its market capitalization. (more...)
Brokers Ratings on: Louisiana-Pacific Corp. (LPX)
- September 01, 2017

Louisiana-Pacific had 18 analyst reports since August 26, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of WM in report on Wednesday, July 26 with "Buy" rating. Louisiana-Pacific Corporation ( LPX ) is analyzed based on price earnings (P/E) ratio. Therefore 38% are positive. Louisiana-Pacific Corporation has a one year low of $17.08 and a one year high of $26.92. (more...)
Davidson & Garrard Inc. Boosts Position in Morgan Stanley (MS)
- September 01, 2017

Of those transactions, there were 895,157 shares of MS bought and 3.25 million shares sold. This continues to be an interesting story, and we look forward to updating it again soon on Morgan Stanley. The shares were sold at an average price of $46.68, for a total value of $1,202,803.56. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued. (more...)
Harvey is pushing gasoline prices higher, even as oil remains cheap - Standard Harvey is pushing gasoline prices higher, even as oil remains cheap - Standard
- September 01, 2017

Oil and fuel prices have diverged since the storm began picking up steam last week. However, the data was collected before Hurricane Harvey hit the Gulf Coast. According to Goldman Sachs , refining production declined by 4.1 million barrels per day (bpd) in the U.S. as of 29 August, representing 23% of the total refining production. (more...)
Taylor Asset Management Inc. Has $20.83 Million Position in Encana Corporation (ECA) Taylor Asset Management Inc. Has $20.83 Million Position in Encana Corporation (ECA)
- September 01, 2017

The consensus mean EPS for the current quarter is at $0.07 derived from a total of 17 estimates from the analysts who have weighed in on projected earnings. On Thursday, June 15 the stock rating was initiated by J.P. Morgan with "Buy". The company was maintained on Tuesday, July 11 by Canaccord Genuity. COPYRIGHT VIOLATION WARNING: "Andra AP fonden Sells 18,100 Shares of Encana Corporation (ECA )" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. (more...)
Crude Oil Drops To Lowest Since July 21 Crude Oil Drops To Lowest Since July 21
- September 01, 2017

The U.S. Gulf Coast is home to almost half of domestic refining capacity, with some 5.6 million bpd of capacity in Texas and 3.3 million bpd in Louisiana. McMonigle predicted the Energy Department will take more steps because refinery recoveries are likely to be slow. Valero Energy Corp. and Citgo Petroleum Corp. (more...)
Walgreens Boots Alliance, Inc. (WBA) Walgreens Boots Alliance, Inc. (WBA)
- September 01, 2017

TN now owns 112,309 shares of the pharmacy operator's stock valued at $9,327,000 after buying an additional 1,172 shares during the last quarter. During the last month, the stock has changed 2.89% and performed 25.08% over the last 6 months. (more...)
Local United Way sets up fund to benefit Hurricane Harvey victims Local United Way sets up fund to benefit Hurricane Harvey victims
- September 01, 2017

The group played a show in Dallas and donated all the merchandise proceeds to hurricane relief funds. According to Madison County Sheriff's Office (MCSO) spokesperson Major David Harper, MCSO has received numerous requests from concerned citizens that have expressed a desire to offer donations those who have been impacted by Hurricane Harvey. (more...)
Oil dips as USA floods cause large-scale refinery shutdowns
- September 01, 2017

Investors will likely get out of their short positions, according to Andy Lipow, president of consultant Lipow Oil Associates LLC in Houston , said by telephone. About 379,000 barrels a day of crude production was shut in the Gulf of Mexico. Other major storms took place before the US oil boom, when inventory was much lower. (more...)
Help Needed For Harvey Victims, Red Cross Says Help Needed For Harvey Victims, Red Cross Says
- September 01, 2017

The local Red Cross Chapter saying they're in dire need of more volunteers willing to head to Texas. Hurricane Harvey has battered southeastern Texas for almost a week dropping more than 50 inches of rain, a continental record according to the National Weather Service. (more...)
Wells Fargo finds an additional 1.4 million potentially fake accounts Wells Fargo finds an additional 1.4 million potentially fake accounts
- September 01, 2017

The review found that as many as 3.5 million accounts may have been improperly opened by Wells Fargo branch employees from January 2009 through September 2016. Sloan stressed that some of the additional accounts identified during the latest review may have been properly authorized by customers. Wells Fargo has uncovered up to 1.4 million more fake accounts after digging deeper into the bank's broken sales culture. (more...)
Corning Incorporated (GLW) Short Interest Up 34.8% in August Corning Incorporated (GLW) Short Interest Up 34.8% in August
- September 01, 2017

Teachers Retirement Of The State Of Kentucky reported 0.03% of its portfolio in Corning Incorporated (NYSE:GLW). Its down 17.07% from 1.63M shares previously. Wells Fargo And Com Mn invested in 274,499 shares. Moreover, Steinberg Asset Mgmt has 0.14% invested in Corning Incorporated (NYSE:GLW). The stock of Corning Incorporated (NYSE:GLW) earned "Mkt Perform" rating by Bernstein on Wednesday, February 1. (more...)
The Vipshop Holdings Limited (VIPS) Position Decreased by Strs Ohio
- September 01, 2017

Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 9.40%, which is (8.29) better than the Catalog & Mail Order Houses industry average ROE. Daiwa Securities downgraded the shares of VIPS in report on Thursday, August 17 to "Hold" rating. The firm has "Buy" rating given on Thursday, January 7 by Credit Agricole. (more...)
Costco Wholesale Aug Comps Up 7.3%; Net Sales Rise 10.0%
- September 01, 2017

Costco Wholesale had 85 analyst reports since August 24, 2015 according to SRatingsIntel. Barclays Capital downgraded the stock to "Underweight" rating in Monday, October 5 report. The stock has "Buy" rating by Northcoast on Wednesday, October 19. Its up 0.40, from 0.88 in 2016Q3. It increased, as 59 investors sold Costco Wholesale Corporation shares while 405 reduced holdings. (more...)
Mondelez International, Inc. (MDLZ) Stake Increased by Eidelman Virant Capital Mondelez International, Inc. (MDLZ) Stake Increased by Eidelman Virant Capital
- September 01, 2017

Swedbank accumulated 1.42M shares. Investors are feeling more bearish on Mondelez International, Inc . of late if you look at the rise in short interest. Arga Inv Mgmt Lp reported 20,324 shares. Nippon Life Glob Americas owns 1.35% invested in NextEra Energy Inc (NYSE:NEE) for 122,560 shares. Susquehanna Ltd Liability Partnership holds 7,100 shares. (more...)
Bank policymaker Michael Saunders urges higher rates Bank policymaker Michael Saunders urges higher rates
- September 01, 2017

A key Bank of England policymaker has said a "modest" interest rate hike is needed to curb surging inflation and warned over the dangers of getting "behind the curve". But he said rates could "in theory go either way" depending on the impact on the economy and the pound and should not be kept at record lows now as "insurance against this scenario". (more...)
Shareholder Eastern Bank Upped Bristol Myers Squibb Co. (BMY) Stake
- September 01, 2017

Keel Point LLC now owns 6,286 shares of the biopharmaceutical company's stock valued at $342,000 after buying an additional 18 shares in the last quarter. The consensus recommendation for stock is 1.90. 143,980 were accumulated by Lj Trust Lc. Deutsche Bank maintained Bristol-Myers Squibb Co (NYSE:BMY) on Monday, July 17 with "Hold" rating. (more...)
FBR Co Brokerages Give Vera Bradley, a $12.00 PT FBR Co Brokerages Give Vera Bradley, a $12.00 PT
- September 01, 2017

Vera Bradley , Inc . ( VRA ) has a market capitalization of 330.45 Million which suggests the company is a huge company further suggesting that the shares of Vera Bradley , Inc . Lastly, KeyCorp reissued a "hold" recommendation on stocks of Vera Bradley in a study report on early Friday. On average, analysts forecast that Vera Bradley, Inc . (more...)
Workday, Inc. (WDAY) Hits New 52-Week High Workday, Inc. (WDAY) Hits New 52-Week High
- September 01, 2017

Synergy Pharmaceuticals Del now has $668.12 million valuation. Workday , Inc. ( WDAY ) closed its previous trading session at $103.5 with the loss of -0.07%. State Board Of Administration Of Florida Retirement has invested 0% in Extended Stay America Inc (NYSE:STAY). Janus Cap Management Lc has 1.14 million shares for 0.06% of their portfolio. (more...)
PAREXEL International Corporation (NASDAQ:PRXL) Expected To Report Earnings On Monday
- September 01, 2017

About shares traded. VTTI Energy Partners LP (NYSE:VTTI) has declined 2.51% since August 31, 2016 and is downtrending. Receive PAREXEL International Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAREXEL International Corporation with MarketBeat.com's FREE daily email newsletter . (more...)
Influential Analyst Rating Changes: AGNC Investment Corp. (AGNC), Colgate-Palmolive Company (CL)
- September 01, 2017

The Procter & Gamble Company (NYSE:PG) and Colgate-Palmolive Company (NYSE:CL) are both Consumer Goods companies that recently hit new highs. A-R-T- Advisors Llc sold 38,700 shares as Teck Resources Ltd (TCK)'s stock 0.00%. Therefore 14% are positive. Colgate-Palmolive Company has a 1 year low of $63.43 and a 1 year high of $77.27. Stifel Nicolaus maintained the shares of CL in report on Monday, January 30 with "Hold" rating. (more...)
Fiat Chrysler Automobiles NV (FCAU) Upgraded at Bank of America Corporation Fiat Chrysler Automobiles NV (FCAU) Upgraded at Bank of America Corporation
- September 01, 2017

Other analysts also recently issued reports about the company. The stock of Fiat Chrysler Automobiles NV (NYSE: FCAU ) hit a new 52-week high and has $16.35 target or 9.00% above today's $15.00 share price. Its last month's stock price volatility remained 1.53% which for the week approaches 1.63%. The 50 day moving average was up $2.54 or +20.73% and the 200 day average moved up $3.60. (more...)
Investor Outlook: Seattle Genetics (NASDAQ:SGEN) Hold Rating Maintained by Oppenheimer Today Investor Outlook: Seattle Genetics (NASDAQ:SGEN) Hold Rating Maintained by Oppenheimer Today
- September 01, 2017

Goldcorp Inc. (USA) (NYSE:GG) has declined 19.95% since August 31, 2016 and is downtrending. It has outperformed by 12.98% the S&P500. Columbia Wanger Asset Management Llc increased its stake in Seattle Genetics Inc ( SGEN ) by 11.39% based on its latest 2016Q4 regulatory filing with the SEC. (more...)
UK Prime Minister May seeks to reassure Japan on Brexit UK Prime Minister May seeks to reassure Japan on Brexit
- September 01, 2017

She is widely seen as living on borrowed time after the damaging June election that saw her party lose its working majority in the House of Commons. And former party chairman Grant Shapps said it was "too early" for Mrs May to talk about going "on and on" like Margaret Thatcher, insisting it was for the party to decide how long she remained leader. (more...)
Montgomery Investment Management Inc. Has $933000 Position in Abbott Laboratories (ABT)
- September 01, 2017

In the market the company is trading down by -0.39 percent from yesterday's close. It has underperformed by 0.80% the S&P500. Stewart & Patten Co Llc decreased Aetna Inc. A number of other hedge funds and other institutional investors have also recently made changes to their positions in ABT. Smith Chas P Associates Pa Cpas has 0.34% invested in Abbott Laboratories (NYSE:ABT). (more...)
Golar LNG Limited (GLNG) Posts Earnings Results, Misses Expectations By $0.34 EPS
- September 01, 2017

Kornit Digital Limited Ord (NASDAQ:KRNT) had an increase of 3.23% in short interest. Sibal now expects that the shipping company will post earnings of $0.69 per share for the quarter, down from their previous estimate of $0.72. Investors sentiment decreased to 0.92 in Q4 2016. Tobam has 0.33% invested in Dollar Tree, Inc. Bank Of Montreal Can owns 139 shares or 0% of their U.S. (more...)
Gold steadies as $US weighs, North Korea eases Gold steadies as $US weighs, North Korea eases
- September 01, 2017

Gold futures on the COMEX division of the New York Mercantile Exchange rose to new high on Thursday as USA dollar fell amid heightened tensions surrounding Korean Peninsula. When the dollar goes down, gold futures will rise. It rose 29.09 points, or 0.13 percent, to 21,837.49 as of 1830 GMT. The precious metal closed above $1,300 for the first time this year Monday, and. (more...)
Fusion Telecommunications International Inc Fusion Telecommunications International Inc
- September 01, 2017

ValuEngine upgraded shares of Fusion Telecommunications International from a "strong sell" rating to a "sell" rating in a research note on Tuesday, May 23rd. Major moves in volume can signal unusual activity, such as insider trading. For the week, the stock is performing 172.80%. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown -17%. (more...)
Broker's Roundup on Petroleo Brasileiro SA- Petrobras (PBR)
- September 01, 2017

The stock rose 0.55% or $0.05 reaching $9.18. Walleye Trading holds 38,754 shares or 0.02% of its portfolio. Petroleo Brasileiro S.A. - Petrobras (PBR-A) has the market capitalization of 57 Billion. As per Friday, May 26, the company rating was maintained by Credit Suisse. Petroleo Brasileiro S.A. - Petrobras (PBR) failed to surprise the stock market in its last reported earnings when it earned $0.02 a piece versus the consensus-estimated $0.09. (more...)