Any man who's gone through it will tell you that a lot of work, money and stress go into buying a diamond. I mean, behind your house and your car, this little rock is one of the most expensive purchases in life. Retailers are fighting for your business, and competition among jewelers is beyond
Source: ThinkstockMarch 19 2018: The S&P 500 closed down 1.4% at 2,712.95. The DJIA closed down 1.3% at 24,611.53. Separately, the Nasdaq was down 1.8% at 7,344.24.
Monday was a very bad way to start out the week for the broad U.S. markets. All three major indices saw a drop of at least 1.3%. Although the day started out negative, the losses only stretched as the day went on. The S&P....More>>>
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Related LGCY Mid-Day Market Update: Apple Drops Following Weak Results; Nanometrics Shares Surge 12 Stocks Moving In Wednesday's Pre-Market Session....More>>>
After a lot of hype, speeches by Federal Reserve Board Chair Janet Yellen and ECB chief Mario Draghi ended up being rather anticlimactic. Neither really touched on monetary policy, leaving trading on Wall Street listless.
Balance sheet normalization remains on track for the September meeting while inflation moving back towards 2% seems the determinant for a December rate hike. The ECB, for....More>>>
Related UAN Mid-Morning Market Update: Markets Mostly Lower; Wal-Mart Lowers Sales Outlook Top 4 Small-Cap Stocks In The Agricultural Chemicals Industry With The Lowest PEG Ratio Energy/Materials – Top 5 Gainers / Losers as of 2:00 pm (Seeking Alpha)
Related RFP Resolute Files Racketeering Suit Against Greenpeace in....More>>>
Brent Oil rose 2% on Tuesday to a high of $56.76 on comments from OPEC and major trading firms that Oil market is rebalancing. Also boosting prices was Saudi Arabia's export cuts in November. At the time of writing, Brent was trading at $56.60/barrel.
Bullish comments from major oil trading firms/investment banks The chief executive of the trading firm....More>>>
The Nasdaq Composite surged past the 6,000 level on Tuesday — hitting new highs for the first time since early March — in a gapped move higher representative of serious, panicked buying pressure
The surge puts a dramatic end to a quiet two-month downtrend as investors burned off some of their post-election ebullience in calm, controlled fashion. Concerns focused on a lack of legislative....More>>>
Offshore drillers likeAtwood Oceanics (ATW), Diamond Offshore Drilling (DO), Ensco (ESV), Noble (NE), Rowan Companies (RDC), Ocean Rig UDW (ORIG), and Transocean (RIG) have been on fire this week–and Evercore ISI’s James West and team credit a “2 sigma short interest unwind.” They explain:
As our new Energy trader Kevin Kenny noted this morning, Dont fight City Hall....More>>>
Rowan Companies (NYSE: RDC) is a publicly traded offshore drilling company with a market cap of more than $1.5 billion. The company has had a difficult time since the start of the oil crash with its stock price dropping by almost 75%. Despite that, Rowan companies strong assets and financials, combined with a recovering offshore market, make it a strong investment at the present time.
Three energy-related IPOs plan to raise about $750 million in the week ahead. Two have direct exposure to oil prices, including Extraction Oil & Gas, which plans to raise $550 million as the first E&P to go public in over two years. An oilfield services company and an India-based solar power producer round out the group.
AT&T Inc. (T) Chairman and CEO Randall Stephenson echoed the sentiments of other defense witnesses in the Department of Justice lawsuit to block the telecom's purchase of Time Warner Inc. (TWX) , in testimony on Thursday.
"On its face, the premise is absurd," Stephenson said of
Lam Research (NASDAQ:LRCX) had its price objective raised by research analysts at Deutsche Bank to $260.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Deutsche Bank’s targe