Photo courtesy of BrightFarms.
By Maggie McGrath and Chloe Sorvino
When our nation was founded 241 years ago, farming was the economy’s primary driver. By 1870, nearly half of the employed population held jobs in agriculture. Today, it’s a $3 trillion industry – but only 2% of Americans hold a farm-oriented job.
This is, in many ways, thanks to technology. Tractors and other automation advances in the 20th century let large farms shift management to only a handful of people. But this, paradoxically, has also slowed things down in the 21st. With only a few people working every farm, there’s not a lot of time – or incentive – to innovate.
“You only get 40 attempts at farming. From your 20’s to your 60’s, you get 40 seasons,” says Duncan Logan, the founder and CEO of RocketSpace, a tech accelerator company. “In tech, you get 40 attempts in a week.”
stock software: Occidental Petroleum Corporation(OXY)
- [By Paul Ausick]
Occidental Petroleum Corp. (NYSE: OXY) dropped about 1.6% Friday, to post a new 52-week low of $64.19 after closing at $65.25 on Thursday. The stock’s 52-week high is $78.48. Volume was about 15% below the daily average of around 4.7 million shares. The company had no specific news.
- [By Chris Lange]
Occidental Petroleum Corp.s (NYSE: OXY) short interest increased to 17.60 million shares from the previous reading of 15.53 million. Shares closed most recently at $66.90, in a 52-week range of $58.24 to $78.48.
- [By Ben Levisohn]
We have seen several dividend cuts in the recent past, including Anadarko Petroleum cutting its dividend by 81%…and we expect more companies to follow suit. Chesapeake Energy (CHK), ConocoPhillips (COP), Encana,Marathon Oil and Noble Energy (NBL) are among energy companies that have also cut dividends in the past 12 months, but dividend requirements even after several cuts will consume ~26% of 2016 estimated cash flow at current dividend rates (15% excluding Occidental Petroleum (OXY)) for the large cap E&Ps we cover. We believe most of the companies with a dividend yield of more than 1.5% should consider cutting the dividend and find the following companies more likely than not to reduce dividends:Apache (2.5% yield),Devon Energy (4%),Encana (1.5%) andMarathon Oil (2.5%). We believe Canadian Natural Resource (CNQ) (3.0%) is likely to maintain its dividend while Occidental (4.5%) has the financial strength to maintain or even increase the dividend…
stock software: Atlantia S.p.A. (ATASF)
- [By SEEKINGALPHA.COM]
Atlantia (ATASF) (AT.IM), Eiffage (OTCPK:EFGSY) (FGR.FP), Ferrovial (OTC:FRRVF) (FER.SM), Albertis (OTC:ABFOF) (ABE.SM) and Vinci (OTCPK:VCISF) (DG.FP)
stock software: Ring Energy, Inc.(REI)
- [By Monica Gerson]
Ring Energy Inc (NYSE: REI) is projected to post a quarterly loss at $0.05 per share on revenue of $7.92 million.
Gain Capital Holdings Inc (NYSE: GCAP) is estimated to post its quarterly earnings at $0.07 per share on revenue of $100.39 million.
stock software: MetLife, Inc.(MET)
- [By Matthew Frankel]
MetLife (NYSE:MET) is the largest U.S. life insurer, with one of the strongest brand names in the insurance industry and an excellent distribution network. The company has a variety of life insurance offerings, and about one-third of its earnings come from Latin America, Asia, and other foreign markets, which are expected to be big drivers of growth going forward.
stock software: Clean Energy Fuels Corp.(CLNE)
- [By Michael Vodicka]
Clean Energy Fuels Corp. (CLNE) designs, builds and operates natural gas filling stations in the United States. The company supplies compressed natural gas (CNG) and liquefied natural gas (LNG), serving a fleet of 650 customers, more than 32,000 natural-gas vehicles while owning or supplying more than 350 filling stations in 32 states.
- [By Lisa Levin]
In trading on Wednesday, energy shares fell by 1.72 percent. Meanwhile, top losers in the sector included Clean Energy Fuels Corp (NASDAQ: CLNE), down 5 percent, and Frontline Ltd. (NYSE: FRO), down 7 percent.
- [By Jason Hall]
Natural gas for transportation leader Clean Energy Fuels Corp (NASDAQ:CLNE) has steadily grown and improved the quality of its business and business results over the past several years. Today’s Clean Energy Fuels is leaner, has a stronger balance sheet, and is in a solid position as a market leader in a growth industry.
stock software: American Financial Group, Inc.(AFG)
- [By Lee Jackson]
Aco-chief executive officer of American Financial Group Inc. (NYSE: AFG), Carl Linder, sold a total of 200,000 shares of the property and casualty insurance products provider at prices that ranged from $90.63 to $91.62. The total for the sale was set at $18 million. The shares closed Friday at $91.55, in a52-week range of $65.38 to $92.38. The consensus price target is $95.50.