JC Penney, General Electric Tumble Into Friday’s 52-Week Low Club
J.C. Penney, Chesapeake Energy, Teva Pharmaceuticals, and General Electric all posted new 52-week lows Friday.
All Work
Paul Ausick
Microsoft, Cisco Systems Buoy DJIA on Friday
Microsoft, Cisco Systems, Apple, and Boeing posted large enough gains Friday to push the DJIA to an overall gain as well.
Oil Rig Count Up by 3, Total Now Up 468 Year Over Year
The number of onshore U.S. rigs drilling for oil increased by three this week while natural gas drillers shut down eight rigs.
2017 Data Breaches Total Hits 900, Up 26% Year Over Year
The total number of data breaches to date in 2017 reached 900 this week, easily on track to set a new annual record. More than 17 million records have been exposed as a result…
Coal Miner Contura Withdraws IPO; Ranger Energy Prices Low
Coal mining firm Contura Energy withdrew its planned Thursday IPO and oilfield services company Ranger Services went out Friday morning at nearly 15% below the midpoint of its expected range.
Crude Oil Production Soared Again in July: IEA
The International Energy Agency reported that global stockpiles of crude oil fell by nearly 20 million barrels but remain 219 million barrels above the five-year average.
T-Mobile Beats Verizon in Mobile Network Rankings, Takes First Place
T-Mobile replaced Verizon as the best wireless network on a six metrics tracked by research firm OpenSignal. The two carriers remain locked in a battle for dominance in US cities.
US Corporations Pay Taxes Far Below Statutory Rate
While the federal tax rate on U.S. corporations has been set at 35% of profits since 1995, the actual tax rates paid by those corporations are far lower.
What Is Benchmark Capital, the VC That Sued Uber?
Benchmark Capital filed a lawsuit on Thursday that names one of its own investments as a defendant. What is Benchmark and why would it do that?
What’s Making Nordstrom Earnings Look Good
Nordstrom reported Q2 earnings Thursday after the bell and beat both profit and sales estimates. Shares traded higher in the after-hours session.
Macy’s, Teva Slide into Thursday’s 52-Week Low Club
Macy's, Teva, Chesapeake Energy, and Chicago Bridge & Iron all posted new 52-week lows Thursday.
Apple, Goldman Sachs Tank the Dow on Thursday
Apple, Goldman Sachs, Cisco Systems, and GE led the DJIA to a lower close on Thursday.
States With the Toughest (and Most Lenient) Drunk Driving Laws
Car crashes involving drunk drivers killed more than 10,000 people on U.S. roads and highways in 2015. A recent report ranks all 50 states and the District of Columbia on the toughness of the…
How Will Disney Price Its New Streaming Services?
When one of the most recognizable brands in the world makes a strategic shift, an obvious question is how that shift will pay off for the company and its investors.
Natural Gas Price Rises on Lower-Than-Expected Storage Increase
The U.S. supply of natural gas in storage rose less than expected last week. Cooler weather is on tap for the most highly populated parts of the U.S. next week, and that could tamp…
OPEC Reports Higher Output and Higher Prices for July
Once again in July, the 14 members of OPEC exceeded their self-imposed quota on production. The cartel also saw a year-over-year price gain of 34% and is encouraged by falling inventories, higher demand, and…
Macy’s Beat Estimates, but Guidance Weighs on Shares
Macy's reported quarterly results this morning that beat both profit and revenue estimates. But full-year guidance is below estimates and the company's shrinking footprint is troubling to investors.
Short Interest in 3D Printing Stocks Continues to Dip With Share Prices
Short interest during the two-week period ending July 31 rose on just one of four 3D printing stocks we follow. As of that date, three of the four stocks had seen share prices down…
Short Interest Waning in Solar Stocks, Plunges on One Alternative Fuel Stock
Short interest moves among solar and alternative energy stocks were mostly lower during the last two weeks. Of the companies we watch, short interest fell on six stocks, with a big drop on one…
Mylan, Teva Sink into Wednesday’s 52-Week Low Club
Teva, Mylan, Ensco, and Chesapeake Energy all posted new 52-week lows on Wednesday.