Tag Archives: WFBI

stock market shares

After a take-over bid for InterOil (NYSE:IOC) by OilSearch (OSH) was topped by Exxon (NYSE:XON), even paying the $60M fine on behalf of InterOil to OilSearch. The InterOil board proposed shareholders to accept the Exxon offer, as they had done with the OilSearch offer.

Shareholders approved with roughly 80% of the shares voted (the latter amounted to 72% of outstanding shares), with the notable exception of founder and former InterOil CEO Phil Mulacek and roughly 10% of the shares dissented with Mulacek.

The Exxon deal

$45 per InterOil share in shares Exxon. A Contingent....More>>>

stock market performance

If I have to vote for one of the strangest market reactions to a quarterly report, GoPro’s (GPRO) recent Q3’17 numbers are probably on the top of my list.

First of all, GPRO’s management had guided higher two months earlier, stating revenue will be in the upper range between $290M and $310M. Not only did it beat that number (which was already something the market did not expect), but it beat it by a whopping $20M and the revenue increase was 37% Y/Y.

If that was not enough, the company reported GAAP EPS of $0.10 and adjusted EPS of $0.15, blowing the consensus....More>>>

stock market crash

Wall Street didn’t flinch at the sudden exits of White House officials like Steve Bannon, Reince Priebus and Sean Spicer. Things may not stay as calm if Gary Cohn follows them out the door.

Cohn is President Trump’s top economic adviser, and considered to be one of the most important remaining players in the administration. Cohn has acted as a moderating force on Trump’s populist instincts on delicate issues like trade. Cohn is also quarterbacking the push to cut taxes along with Treasury Secretary Steve Mnuchin.

Cohn is such a vital member of Team Trump that....More>>>

Top Energy Stocks To Own For 2018

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory of 489 million barrels. The commercial crude inventory is now at the upper limit of the average range for this time of year.

Tuesday evening the American Petroleum Institute (API) reported that crude inventories fell by 1.28 million barrels in the week ending November 18. API also reported gasoline supplies increased by 2.7 million barrels and distillate....More>>>

Top 5 Bank Stocks To Watch For 2018

Wells Fargo is having a hard time getting Americans to sign up for credit cards these days.

Credit card applications at Wells Fargo plunged by 55% in February, the sharpest decline since the bank’s fake account scandal erupted last September.

Another sign of trouble: Wells Fargo (WFC) said Monday that consumers opened 43% fewer checking accounts than a year ago and interactions with branch bankers fell by 21% in the same month.

Despite taking a series of steps to restore trust with customers, Wells Fargo community banking head Mary Mack admitted “we have....More>>>