Markets

ConocoPhillips (COP) to Settle $39M Contamination Lawsuit

Shutterstock photo Major global exploration and production company ConocoPhillipsCOP recently agreed to a proposed settlement of $ 39 million for groundwater contamination charges brought by the state of New Jersey. The announcement was made by the Attorney General’s office.  ConocoPhillips is one of the 50 oil and chemical companies that have been sued in 2007 for contaminating ground water and ...

Read More »

What to Expect when Dollar General (DG) Reports Q1 Earnings?

Shutterstock photo Dollar General CorporationDG is scheduled to report first-quarter fiscal 2017 results on Jun 1. In fourth-quarter fiscal 2016, the company recorded a positive earnings surprise of 5.7% following negative earnings surprises of 3.3% and 0.9% in the third and second quarters, respectively. Let’s see how things are shaping up prior to this announcement. What to Expect? The current ...

Read More »

Infigen Energy Shares can Power 30% Higher

RBC Capital Markets has initiated coverage on Infigen Energy (IFN.AU) with an outperform rating as it expects the Australian wind power producer to successfully restructure its debt enabling it to pursue growth and, in time, start paying dividends again. The broker has a target price of AUD1.15 a share, implying more than 30% upside. Analysts Paul Johnston and Nira Sonah ...

Read More »

China Tower Invites Banks to Pitch for $10 billion Hong Kong IPO

A proposed Hong Kong initial public offering of China’s state-owned mobile phone towers has moved a step closer to fruition. Reutersreports Monday morning that China Tower Corp, which manages towers for China Mobile (941.HK), China Unicom (762.HK) and China Telecom (728.HK) is set to debut on the Hong Kong bourse later this year or early 2018. The article says that ...

Read More »

CSPC Pharmaceutical: A Buying Opportunity

A recent pullback in the shares of Hong Kong listed CSPC Pharmaceutical  (1093.HK) could be a good buying opportunity, according to Jefferies. The broker believes the weakness in the drug maker’s share price since the end of last week is due to some profit taking. CSPC’s share price has surged 19% since April 10 compared to the 6% gain by ...

Read More »

Jobs report; ExxonMobil's big meeting; Earnings season winds down

Unemployment rate at lowest in 10 years 1. Jobs report: On Friday, the Labor Department will reveal how many jobs were added in May. A strong report could bolster the case for another interest rate hike. The Federal Reserve has already said it will likely raise rates in June — a sign it’s confident in the economy’s health. The Fed ...

Read More »

Does Cognizant Technology Fit the Bill as Buffett's Ideal Business?

Image source: The Motley Fool. At Berkshire Hathaway ‘s (NYSE: BRK-B) annual meeting earlier this month, an investor asked Warren Buffett about the company’s shift from investing in high-return, asset-light businesses to capital-intensive businesses, such as railroad operator Burlington Northern. Whether this shift is actually occurring or not can be argued, but Buffett agreed with the questioner about the idea ...

Read More »

Why Zoe's Kitchen, Beazer Homes, and BioCryst Pharmaceuticals Slumped Today

The stock market finished Friday with minimal change, hanging onto almost all of its extensive gains for the full week. Investors have proven to be unflappable recently, and even geopolitical pressures stemming from President Trump’s appearance at Italy’s G7 summit didn’t cause any consternation in the financial markets. With earnings season coming to an end, most are now looking at ...

Read More »

Oil and Gas Stock Roundup: Mixed News Sends Oil Stocks Lower

What happened After two weeks of fairly steady gains, crude oil lost a step this week. After gaining 11% from May 9-May 23, Brent crude futures have fallen 4%, from over $ 54 to $ 52 at the close on May 26. The big driver this week has been relatively mixed news. OPEC announced it would continue its plan to ...

Read More »

3 Reasons NVIDIA Stock Could Continue Soaring

NVIDIA (NASDAQ: NVDA) shares soared nearly 18% on May 9 after the company’s first-quarter results for fiscal year 2018 blew past estimates , thanks to robust growth in the gaming, data center, and automotive segments. Since then, the graphics chip specialist’s post-earnings rally has pushed the stock near its 52-week high. There’s no reason to think that NVIDIA shares will ...

Read More »