North Korea’s missile launch yesterday (Aug. 28) has drastically escalated the tension between itself and the United States, South Korea, and Japan…
Be it due to sheer recklessness, a refusal to lose face, or some combination of the two, Kim Jong Un has once again ramped up his country’s aggressive presence by launching a missile over Japan.
The shockwaves of this show of force will undoubtedly be felt worldwide in the weeks to come, but there’s one effect of the Hermit Kingdom’s terrifying momentum that can actually benefit the American people.
Or at least, those American people who know what to look for.
We’ll explain what we mean, but first, a bit of background…
North Korea’s Missile Launch Message: Yep, It Was a Weapon This Time
online share trading: Crescent Point Energy Corp (16)
- [By Kana Nishizawa]
China Coal Energy Co., the countrys second-largest producer of the fuel, sank 3.1 percent after the government said it will cut coal consumption. Sun Hung Kai Properties Ltd. (16), the worlds second-biggest developer, fell 1.4 percent after trimming its sales target. Gold producers led materials companies lower as the precious metal headed for its steepest weekly loss since June amid expectations the U.S. Federal Open Market Committee will next week decide to reduce stimulus.
online share trading: Denbury Resources Inc.(DNR)
- [By Matthew DiLallo]
That sell-off in the oil market weighed on financially challenged oil stocks, which will struggle if crude continues dropping. Among the biggest losers were Abraxas Petroleum (NASDAQ:AXAS), Whiting Petroleum (NYSE:WLL), Denbury Resources (NYSE:DNR), California Resources (NYSE:CRC), and Cobalt International Energy (NYSE:CIE).
- [By Dan Caplinger]
Yet even though the overall market held up relatively well, some stocks took substantial hits. Domino’s Pizza (NYSE:DPZ), Denbury Resources (NYSE:DNR), and Pandora Media (NYSE:P) 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.
- [By John Stevens]
Denbury Resources (DNR) stock started sinking on Wednesday. They continued to go down on Thursday and Friday as well. Overall, they went down by over 15% since they opened on Wednesday, alongside oil prices as traders booked profits after three sessions of gains.
Denbury Resources Inc. is an independent oil and natural gas company. The Company’s operations are focused on two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. It has estimated proved oil and natural gas reserves of over 288.6 million barrels of oil equivalent (MMBOE). Its primary Gulf Coast carbon dioxide source is Jackson Dome, which is located near Jackson, Mississippi..
Shares of Denbury Resources slumped by 6.31% to $4.24 during trading on Thursday the 9th as oil prices declined. On Friday, the again went down by another 8.83% to close at $3.31.
online share trading: Camping World Holdings, Inc. (CWH)
- [By Benzinga News Desk]
Camping World's (NYSE: CWH) analyst quiet period has ended. So far, it has received coverage form four analysts.
Sell-Side's Most Noteworthy Calls
Morgan Stanley downgraded Juniper (NYSE: JNPR) to Underweight.
Guggenheim downgraded MasterCard (NYSE: MA) to Neutral.
Imperial Capital upgraded Allegion (NYSE: ALLE) to Outperform.
Summit Redstone upgraded VMware (NYSE: VMW) to Buy.
Oppenheimer started Twilio (NYSE: TWLO) at Outperform.
Cipher Pharmaceuticals (NASDAQ: CPHR) is said to have hired an investment bank to explore strategic alternatives, according to sources as reported by Reuters on Monday. The sources said a potential sale of the Canada-based company is being considered. Cipher declined comment on the report.
- [By Elizabeth Balboa]
Supply could come from any number of industry players, including Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Polaris Industries Inc. (NYSE: PII) and Camping World Holdings Inc (NYSE: CWH). However, whether it comes from existing inventory and whether suppliers can meet the demand are yet to be seen.
online share trading: Vanguard Extended Duration Treasury ETF (EDV)
- [By Todd Shriber, ETF Professor]
The 11 ETF fee cuts unveiled by Vanguard include a significant portion of the issuer's fixed income lineup. All of the following saw annual fees reduced to 0.07 percent from 0.1 percent:
Vanguard Extended Duration Treasury ETF (NYSE: EDV). Vanguard Intermediate-Term Bond ETF (NYSE: BIV). Vanguard Intmdte Tm Govt Bd ETF (NASDAQ: VGIT). Vanguard Long Term Corporate Bond ETF (NASDAQ: VCLT). Vanguard Lg Term Govt Bd ETF (NASDAQ: VGLT). Vanguard Mortgage Bkd Sects ETF (NASDAQ: VMBS).
and the Vanguard Short Term Corporate Bond ETF (NASDAQ: VCSH).
online share trading: MarketAxess Holdings, Inc.(MKTX)
- [By ]
This is why I’m bullish on a company that promises to mitigate the liquidity issues facing the bond market. The company is MarketAxess (Nasdaq: MKTX).
- [By Joe Tenebruso]
MarketAxessHoldings (NASDAQ:MKTX)reported first-quarter results on April 26. The electronic trading platform is enjoying strong gains in revenue and profits as it continues to take share of the massive global fixed-income market.