9 May, 2014 by The TZ Newswire Staff Comments Off on GasLog Falls For Third Day But Gets Support
GasLog Falls For Third Day But Gets Support
Sector Leaders again finished mixed despite a late-session rally in the market. Ubiquiti Networks (UBNT) gapped below its 200-day moving average. It plunged 9.99, or 24%, to 31.38 in nearly six times its average volume. The stock slumped to its lowest levels since September as a weak sales outlook for the current quarter trumped better-than-expected Q3 results.
9 May, 2014 by The TZ Newswire Staff Comments Off on Cold Weather Gave Lift To Some Utilities In Q1
Cold Weather Gave Lift To Some Utilities In Q1
A cold winter is being cited as a reason why many retailers have missed quarterly estimates. But cold weather is a boon to firms such as American Electric Power (AEP), an Ohio-based electric utility that serves 11 states. While counting on weather is not a strategy, weather can cut both ways for utilities. Heating-related usage rises, but outages create restoration costs.
9 May, 2014 by The TZ Newswire Staff Comments Off on LyondellBasell Leans On U.S. Petro Renaissance
LyondellBasell Leans On U.S. Petro Renaissance
Netherlands-based LyondellBasell (LYB) tied up a healthy weekly gain Friday and is still in buying range from a 92.04 buy point. The plastics and chemical refiner announced on May 2 that it had received a “key permit,” moving forward a multiplant expansion in Texas aimed at increasing its ethylene production by 1.85 billion pounds per year. Ethylene is used to make various plastics.
9 May, 2014 by The TZ Newswire Staff Comments Off on IBD 50 High-Growth Shares Remain In Correction
IBD 50 High-Growth Shares Remain In Correction
Weather across America may have more or less returned to normal. Thoughts of winter are drifting further behind. But there are still few signs of a spring thaw in the market for high-growth, high-priced stocks. While the Dow Jones industrial average is a small rally away from sealing an all-time intraday high, the IBD 50 index remains in an intermediate-level correction. The decline has even overshadowed the tech-focused Nasdaq composite.
9 May, 2014 by The TZ Newswire Staff Comments Off on Enable Midstream Taps Oil Transport For Profit Stream
Enable Midstream Taps Oil Transport For Profit Stream
The combination of advanced drilling techniques and an ongoing U.S. oil shale boom have helped make energy-related stocks an attractive play. Enable Midstream Partners (ENBL) has not yet formed a base since coming public at 20 on April 11. The stock rose as much as 27% within its first three weeks of trading before pulling back, but it remains well above its IPO price of 20.
9 May, 2014 by The TZ Newswire Staff Comments Off on Murdoch moves to combine Europe TV assets: Report
Murdoch moves to combine Europe TV assets: Report
British Sky Broadcasting Group is trying to gain control of Sky Deutschland AG and Sky Italia, according to Bloomberg.
9 May, 2014 by The TZ Newswire Staff Comments Off on Increased Rates, Utilization Drive United Rentals
Increased Rates, Utilization Drive United Rentals
United Rentals (URI) rents huge pieces of equipment such as aerial work platforms, bulldozers and excavators and has delivered robust growth doing do. The Stamford, Conn. based firm is the world’s largest equipment rental provider. Profit grew 31% to 467% in the past three years and expects the positive trend to continue. In April, the company reported Q1 earnings that jumped 55% to 90 cents a share.