The latest terrorist attack in London could be the final straw for hundreds of thousands of tourists.
Saturday’s attack on London Bridge and Borough Market was the third in the U.K. in less than three months.
Travel experts say tourism to the U.K. could see a slump as people worry for their safety.
Research firm Euromonitor estimates that 285,000 people could stay away this year because of the multiple attacks, and demand will only fully recover by 2020.
“Three terrible attacks in three months have created serious damage to the U.K.’s brand and image as a travel destination,” said Henry Harteveldt, an independent travel analyst based in San Francisco.
“Travelers may love the U.K., but I believe a fair number of them will likely love the country from afar, at least this summer.”
London is the third most popular city for tourists in the world, welcoming about 19 million travelers a year. And tourism has been booming as the weaker British pound has made it cheaper for foreigners to visit.
hot stocks to buy: Tantech Holdings Ltd.(TANH)
- [By Jim Robertson]
On Friday, our Under the Radar Moversnewsletter suggestedshorting small cap China based carbon stock Tantech Holdings Ltd (NASDAQ: TANH):
“The downtrend here is crystal clear; more of the same weakness is there on the earlier part of the chart you can’t see. What’s so compelling about the selloff is yesterday’s bar. The bulls tried to bounce back, but couldn’t… the buyers threw in the towel. TANH peeled back to close closer to the low than the high, and is following through — to the downside — today.”
hot stocks to buy: CareDx, Inc.(CDNA)
- [By Lisa Levin]
CareDx Inc (NASDAQ: CDNA) was down, falling around 25 percent to $1.61 after the company reported weak preliminary sales for fourth quarter and FY 2016.
hot stocks to buy: Live Nation Entertainment, Inc.(LYV)
- [By WWW.THESTREET.COM]
For his “Executive Decision” segment, Cramer checked in with Michael Rapino, president and CEO of Live Nation Entertainment (LYV) , a stock that’s up 44% since Cramer last spoke with him a little more than a year ago but also one that fell 3% in today’s session on what appeared to be solid quarterly results.
hot stocks to buy: CVR Energy Inc.(CVI)
- [By Robert Rapier]
CVR Partners’ fertilizer plant is located in Coffeyville, Kansas, adjacent to the refinery owned by CVR Refining (NYSE: CVRR). CVR Energy (NYSE: CVI), majority-owned by Carl Icahn via Icahn Enterprises (NYSE: IEP), is the general partner and owns most of the units for both CVR Partners and CVR Refining.
- [By elliottwave]
CVR Energy, Inc. (NYSE: CVI) is currently correcting the bullish 5 waves cycle from November 2016 low as a triple three structure reaching equal legs area $20.48 – $19.56 . The move can extend lower toward the 50-61.8 percent Fibonacci area ( $18.98 – $17.34 ) as a double three but will remain supported as the stock is still looking for a move higher toward at least $31 to finish 3 waves correcting 2014 cycle. If the stock fails to make new highs after bouncing from the current inflection area , then the pullback can extend lower against $12.03 low which should hold to allow CVI to the resume higher later on
hot stocks to buy: Chevron Corporation(CVX)
- [By Dustin Parrett]
Big Oil stocks are the seven “oil supermajors” that do everything from oil drilling to refining to retail sales. This is a list of the Big Oil companies:
Big Oil CompanyShare PriceYTDMarket CapExxon Mobil Corp. (NYSE: XOM)$83.44-7.58%$353.13BChevron Co. (NYSE: CVX)$113.56-3.5%$217.62BConocoPhillips Co. (NYSE: COP)$48.21-3.78%$61.42BRoyal Dutch Shell Plc. (NYSE ADR: RDS.A)$52.35-3.82%$221.08BBP Plc. (NYSE ADR: BP)$34.12-8.71%$112.69BTotal SA (NYSE: TOT)$50.26-1.35%$124.6BEni SpA (NYSE: E)$31.51-2.3%$58.69B
Despite being huge global oil companies, shares of Big Oil stocks are all in the red this year. Those losses have all happened even as the Dow is smashing record highs and trading up 6.4% year to date.
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded up 1.43% at $110.75. The stock’s 52-week range is $97.53 to $119.00. Volume was about 10% above the daily average of about 5.5 million shares. The oil & gas giant had no specific news.
- [By Paul Ausick]
Chevron Corp. (NYSE: CVX) traded up 0.68% at $105.09. The stock’s 52-week range is $97.53 to $119.00. Volume was about 15% below the daily average of around 5.4 million shares. Rising crude prices gave shares a boost today.
- [By Matthew DiLallo]
ConocoPhillips also wrote off several dry holes in the Gulf of Mexico last year. The company, along with partners Chevron (NYSE:CVX) and BP (NYSE:BP), recorded a dry hole at both the Gibson and Tiber prospects. Those two wells resulted in ConocoPhillips recording $162 million in dry hole costs last year. In addition, ConocoPhillips and partner Hess (NYSE:HES) came up dry at their Melmar well, which cost ConocoPhillips $83 million. That dry hole turned out to be the last straw for the company, and it decided to abandon plans to drill two more operated wells in the Gulf.
- [By Wayne Duggan]
Kemp speculates that oil majors like Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) would strongly resist new legislation restricting their sources of crude oil in the international market.
- [By Elizabeth Balboa]
Here is a preview of the offerings set between June 27 and June 30.
11 IPOs This Week Avenue Therapeutics, Inc. (ATXI) will issue 5 million shares between $5 and $7 Tuesday on the Nasdaq. A Fortress Biotech Inc (NASDAQ: FBIO) subsidiary, the pharmaceutical acquires, develops and commercializes products for in-hospital use, such as its post-operative palliative. Esquire Financial Holdings, Inc. (ESQ) will issue more than 2.36 shares between $14 and $16 Tuesday on the Nasdaq. The business-focused commercial bank has two locations in New York and Florida. Mersana Therapeutics, Inc. (MRSN) will issue 5 million shares between $14 and $16 Wednesday on the Nasdaq. The clinical-stage pharmaceutical specializes in immunoconjugate therapies targeting diverse forms of cancer. TPG Pace Holdings Corp. (TPGHU) will issue 40 million shares at $10 Wednesday on the New York Stock Exchange. Formed by TPG, the firm acquires relevant businesses and stocks across industries, from health care and digital media to real estate and energy. Aileron Therapeutics Inc (ALRN) will issue 3.75 million shares between $15 and $17 Thursday on the Nasdaq. The biopharmaceutical firm targets suppressor proteins to halt tumor progression. Blue Apron Holdings, Inc. (APRN) will issue 30 million shares between $15 and $17 Thursday on the NYSE. The meal-kit service delivers pre-portioned ingredients directly to the consumer. Byline Bancorp, Inc. (BY) will issue 5.7 million shares between $19 and $21 Thursday on the NYSE. The century-old commercial bank has more than 50 branches in the Chicago and Milwaukee areas with offices nationwide. Dova Pharmaceuticals, Inc.(DOVA) will issue more than 4.06 million shares between $15 and $17 Thursday on the Nasdaq. As a clinical-stage company, Dova acquires, develops and commercializes drug candidates for rare diseases. Tintri, Inc. (TNTR) will issue 8.7 million shares between $10.50 and $12.50 Thursday on the Nasdaq. With cloud management software, all-flash stor
hot stocks to buy: Basilea Pharmaceutica Ltd. (BPMUF)
- [By SEEKINGALPHA.COM]
Leuven, Belgium-based Tigenix (OTC:TGXSF) filed to go public in the U.S. in late 2015, only to become entangled with Bavarian Nordic (OTC:BVNKF) and Basilea Pharmaceutica (OTC:BPMUF) as the European drugmakers pulled back from NASDAQ. Tigenix subsequently increased its bank account following a 23.75 million placement in Belgium, and added an additional 25 million via a relationship with Takeda, before coming back to Wall Street in October 2016 with a revamped slate of underwriters.