March 20, 2018: Markets opened higher Tuesday as if the outcome of the Fed’s FOMC meeting has already been decided. Monday’s sell-off of tech stocks weighed of the Nasdaq Composite but even that wasn’t enough to pen up the bulls. The energy sector provided the day’s best gains.
WTI crude oil for April delivery settled at $63.40 a barrel, up 2.2% for the day. April gold dropped about 0.5% on the day to settle at $1,311.90. Equities were headed for a higher close about 10 minutes before the bell as the Dow traded up 0.50% for the day, the S&P 500 traded up 0.15%, and the Nasdaq Composite traded up 0.25%.
Bitcoin futures (XBTH8) for April delivery traded at $8,590, up about 6% on the CBOE after opening at $8,390 this morning. The digital currency’s trading range for the day was $8,330 to $8,970.
The Dow stock posting the largest daily percentage gain ahead of the close Tuesday was The Boeing Co. (NYSE: BA) which traded up 1.93% at $338.17. The stock’s 52-week range is $173.75 to $371.60. Volume was about 30% below the daily average of around 5.8 million. The company withdrew its objections to the merger between fellow Dow component United Technologies and Rockwell Collins.
Top Energy Stocks For 2019: Helmerich & Payne, Inc.(HP)
Advisors' Opinion:- [By Shane Hupp]
Victory Capital Management Inc. lowered its stake in Helmerich & Payne, Inc. (NYSE:HP) by 32.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,326 shares of the oil and gas company’s stock after selling 120,825 shares during the period. Victory Capital Management Inc.’s holdings in Helmerich & Payne were worth $15,833,000 at the end of the most recent quarter.
- [By Lee Jackson]
This large-cap sector leader is perhaps a safer and more conservative play. Helmerich & Payne Inc. (NYSE: HP) is the largest U.S. land driller and provides onshore drilling services primarily in the United States. It also offers land rigs internationally, as well as offshore platform rigs in the Gulf of Mexico.
- [By Stephan Byrd]
Brookstone Capital Management lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 21.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,802 shares of the oil and gas company’s stock after selling 20,141 shares during the quarter. Brookstone Capital Management’s holdings in Helmerich & Payne were worth $4,833,000 as of its most recent SEC filing.
- [By Max Byerly]
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
Get Helmerich & Payne alerts: YieldBoost Helmerich & Payne From 4.2% To 8.4% Using Options (nasdaq.com) HP Stock Crowded With Sellers (nasdaq.com) Helmerich & Payne – In Need Of A Better Profit Margin (seekingalpha.com) Crude Oil Futures: Drivers on June 4–8 (finance.yahoo.com) Brokerages Expect Helmerich & Payne, Inc. (HP) Will Announce Quarterly Sales of $614.29 Million (americanbankingnews.com)A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet cut shares of Helmerich & Payne from a “b-” rating to a “c” rating in a report on Thursday, April 26th. Credit Suisse Group upped their price objective on shares of Helmerich & Payne from $51.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, April 27th. Finally, Susquehanna Bancshares raised shares of Helmerich & Payne from a “neutral” rating to a “positive” rating and upped their price objective for the company from $42.16 to $75.00 in a research report on Friday, March 9th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.42.
- [By ]
The third caller had Boeing (BA) , Helmerich & Payne (HP) , Fiat Chrysler (FCAU) , LAM Research (LRCX) and Steel Dynamics (STLD) as her top five stocks.
- [By Reuben Gregg Brewer]
In late 2018 oil suddenly dipped into bear market territory, once again showing investors how volatile the key energy commodity can be. But in both good oil markets and bad, oil companies are always looking for an edge. Helmerich & Payne, Inc. (NYSE:HP) has the expertise and technology to help its customers stay at the forefront of the industry, and that, in turn, should ensure this nearly 100-year-old company's success for years to come.
Top Energy Stocks For 2019: InterOil Corporation(IOC)
Advisors' Opinion:- [By Shane Hupp]
I/O Coin (CURRENCY:IOC) traded 26.1% higher against the US dollar during the one day period ending at 22:00 PM E.T. on August 17th. Over the last seven days, I/O Coin has traded up 50% against the US dollar. One I/O Coin coin can now be purchased for $0.39 or 0.00005901 BTC on exchanges. I/O Coin has a market capitalization of $6.55 million and approximately $14,268.00 worth of I/O Coin was traded on exchanges in the last day.
- [By Stephan Byrd]
Media headlines about InterOil (NYSE:IOC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InterOil earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.5148763796823 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Top Energy Stocks For 2019: Energy XXI Ltd.(EXXI)
Advisors' Opinion:- [By Dan Caplinger]
The stock market was mostly higher on Monday, with market participants celebrating favorable economic news on the consumer front and looking forward to another round of positive earnings reports when third-quarter earnings season starts early next month. Tax cuts have helped corporate earnings throughout 2018, and that's generally helped to lift the overall market. Yet even with several major market benchmarks at or near record levels, some stocks weren't able to participate in the gains today. Brown-Forman (NYSE:BF-B), Acorda Therapeutics (NASDAQ:ACOR), and Energy XXI Gulf Coast (NASDAQ:EXXI) were among the worst performers on the day. Below, we'll look more closely at these stocks to tell you why they did so poorly.
Top Energy Stocks For 2019: Enduro Royalty Trust(NDRO)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Enduro Royalty Trust (NDRO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Enduro Royalty Trust (NDRO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Jounce Therapeutics, Inc. (NASDAQ: JNCE) fell 32.5 percent to $11.92 in pre-market trading. Jounce Therapeutics reported that data from ongoing ICONIC trial of JTX-2011 will be presented at the ASCO. Acxiom Corporation (NASDAQ: ACXM) fell 10.7 percent to $24.60 in pre-market trading. Acxiom reported stronger-than-expected results for its fourth quarter, but issued weak FY19 guidance. American Public Education, Inc. (NASDAQ: APEI) shares fell 10.7 percent to $35 in pre-market trading. Enduro Royalty Trust (NYSE: NDRO) shares fell 8.5 percent to $3.25 in pre-market trading after tumbling 10.76 percent on Wednesday. NetEase, Inc. (NASDAQ: NTES) fell 8.3 percent to $244.00 in pre-market trading after reporting Q1 results. Aircastle Limited (NYSE: AYR) fell 7.2 percent to $21.30 in pre-market trading after announcing 7.9 million secondary offering of common shares. Boxlight Corporation (NASDAQ: BOXL) shares fell 5.6 percent to $9.29 in pre-market trading after rising 2.29percent on Wednesday. Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) shares fell 5.3 percent to $3.93 in pre-market trading after rising 5.60 percent on Wednesday. Cisco Systems, Inc. (NASDAQ: CSCO) fell 4 percent to $43.40 in pre-market trading. Cisco reported better-than-expected results for its third quarter. The company sees fourth quarter earnings in the range of 68 cents-70 cents with sales growth of 4-6 percent. Jack in the Box Inc. (NASDAQ: JACK) fell 3.2 percent to $88.45 in pre-market trading after the company reported downbeat results for its second quarter. Comps were down 0.1 percent in the quarter. The company sees third-quarter comps coming in flat to up 1 percent. Children's Place, Inc. (
Top Energy Stocks For 2019: Valero Energy Partners LP(VLP)
Advisors' Opinion:- [By Max Byerly]
Valero Energy Partners (NYSE:VLP) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
- [By Matthew DiLallo]
Valero Energy Partners (NYSE:VLP) has treated income investors well over the course of its brief history as a public company. Since its IPO in late 2013, the master limited partnership (MLP) has increased its payout every single quarter, boosting it by an impressive 148% overall. However, there's plenty more growth where that came from given the company's strong financial profile and the opportunities it has in the pipeline.
- [By Joseph Griffin]
Valero Energy Partners (NYSE:VLP) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
- [By Ethan Ryder]
ValuEngine cut shares of Valero Energy Partners (NYSE:VLP) from a sell rating to a strong sell rating in a research report released on Friday morning.
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