The three major US stock indexes opened lower this morning following a weak report on Chinese and German PMI readings (our coverage here and here). New US jobless benefits claims came in…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. Analog Devices Inc. (NYSE: ADI) Reiterated Buy with $43 target at Argus.…
The major US stock indexes opened significantly higher this morning as investors were heartened by yesterday’s nationalization of Spain’s Bankia. The Bank of England also keps rates and asset purchases stable. This…
These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. ARM Holdings PLC (NASDAQ: ARMH) Raised to Market Perform at Bernstein. Big Lots…
It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated with Iran. …
The Chesapeake Energy (NYSE: CHK) board has gone so far as to strip CEO Aubrey K. McClendon of his role as chairman. Its members say they will change McClendon’s controversial compensation plan, which gives him a stake in some…
The oilfield services companies are on a roll. Well, sort of. Expectations had been lowered so much coming into this earnings season that every one is able to clear the lowered bar.…
The revelation that the CEO of Chesapeake Energy Corp. (NYSE: CHK), Aubrey McClendon, was borrowing money from a private equity firm that did business with Chesapeake to finance his personal stake (2.5%)…
Today’s falling crude prices are having an impact on stocks in the oil field services companies today. Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), Baker Hughes Inc. (NYSE: BHI), Weatherford International…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Annaly Capital Management Inc. (NYSE: NLY) Cut to Market Perform…
Share prices for the oil field services companies dipped in late July shortly after many of the companies had posted new 52-week highs. The stocks have been struggling since then, primarily as…
The month of October was a solid month for stocks, one of the best months of our lifetimes. We have two groups today and the first is the stocks which rose the…
Following last year’s disaster in the Gulf of Mexico, oil drillers and field services companies watched their shares fall more than -20% in most cases as prospects for exploration and production dropped.…
Responsibility is going to get spread around for the explosion of the Deepwater Horizon that killed 11 people and poured millions of barrels of oil into the Gulf of Mexico last year.…
The boom in US natural gas drilling resulting from the technological advances of horizontal drilling and hydraulic fracturing is beginning to spread to the rest of the world. In some countries, like…
