Source: ThinkstockUntil about 2008 or so, discussion about the future price of crude oil was directed by the concept of peak oil. That is, when does the world reach peak production, after which the price of crude will skyrocket. In less than a decade, the discussion is now focused on the concept of “peak demand,” the point at which global demand for crude begins to decline.
The recent Oil & Money conference in London sharpened the focus on peak demand. Saudi Arabia’s minister of energy and industry, Khalid Al-Falih, told conference attendees that cutbacks in capital spending on exploration, forced on the industry by low prices for the past twoyears, could mean that shortfalls in supply are coming.
Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson disagreed:
Top Low Price Stocks To Own Right Now: Smith(ds)
Advisors’ Opinion:
- [By Ethan Ryder]
Drive Shack Inc (NYSE:DS)’s share price hit a new 52-week high and low during trading on Thursday . The company traded as low as $7.18 and last traded at $6.91, with a volume of 21368 shares trading hands. The stock had previously closed at $7.04.
- [By Logan Wallace]
Redwood Trust (NYSE: RWT) and Drive Shack (NYSE:DS) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, profitability, earnings, institutional ownership, valuation, dividends and risk.
Top Low Price Stocks To Own Right Now: Focus Media Holding Limited(FMCN)
Advisors’ Opinion:
- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1.1% against its face value during trading on Tuesday. The debt issue has a 7.5% coupon and is set to mature on April 1, 2025. The debt is now trading at $97.63 and was trading at $98.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) bonds fell 0.9% against their face value during trading on Monday. The high-yield debt issue has a 7.25% coupon and will mature on April 1, 2023. The bonds in the issue are now trading at $99.13 and were trading at $98.13 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
Top Low Price Stocks To Own Right Now: CVR Refining, LP(CVRR)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Acacia Communications, Inc. (NASDAQ: ACIA) shares rose 18.3 percent to $37.25 in pre-market trading after gaining 1.74 percent on Friday.
Kitov Pharma Ltd (NASDAQ: KTOV) rose 12.1 percent to $2.69 in pre-market trading after surging 4.80 percent on Friday.
NXP Semiconductors N.V. (NASDAQ: NXPI) rose 10.9 percent to $109.75 in pre-market trading after Bloomberg reported that the China’s Commerce Ministry has restarted its review of QUALCOMM Incorporated’s (NASDAQ: QCOM) proposed takeover of NXP Semiconductors.
Renewable Energy Group, Inc. (NASDAQ: REGI) rose 10.6 percent to $15.20 in pre-market trading. Renewable Energy will replace Synchronoss Technologies Inc. (NASDAQ: SNCR) in the S&P SmallCap 600 on Tuesday, May 15.
NeoPhotonics Corporation (NYSE: NPTN) rose 10 percent to $6.40 in pre-market trading.
Vaxart, Inc. (NASDAQ: VXRT) shares rose 8 percent to $5.54 in pre-market trading after gaining 2.19 percent on Friday.
Profire Energy, Inc. (NASDAQ: PFIE) rose 7.3 percent to $4.58 in pre-market trading after gaining 6.22 percent on Friday.
Marvell Technology Group Ltd. (NASDAQ: MRVL) rose 7 percent to $22.49 in pre-market trading after falling 1.96 percent on Friday.
Oclaro, Inc. (NASDAQ: OCLR) shares rose 6.9 percent to $9.16 in pre-market trading.
TransEnterix, Inc. (NYSE: TRXC) rose 5.7 percent to $2.24 in pre-market trading after gaining 3.92 percent on Friday.
CVR Refining, LP (NYSE: CVRR) rose 5.4 percent to $19.70 in pre-market trading.
Federal Agricultural Mortgage Corporation (NYSE: AGM) rose 5.2 percent to $92.95 in pre-market trading.
International Game Technology PLC (NYSE: IGT) rose 5.2 percent to $29.94 in pre-market trading.
Lumentum Holdings Inc. (NASDAQ: LITE) shares rose 5.1 percent to $66.30 in the pre-market trading session.
Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares rose 5 percent to $10.70 in pre-market trading after climbing 15.66 percent on Friday.
Finisar - [By Lisa Levin] Gainers
Twin Disc, Incorporated (NASDAQ: TWIN) shares surged 24.34 percent to close at $28.86 following Q3 earnings.
Bioblast Pharma Ltd. (NASDAQ: ORPN) rose 21.89 percent to close at $2.45.
Evolus, Inc. (NASDAQ: EOLS) gained 20.19 percent to close at $8.75. Evolus named David Moatazedi as new CEO.
VivoPower International PLC (NASDAQ: VVPR) rose 18.56 percent to close at $3.13 on Monday after falling 39.86 percent on Friday.
CEL-SCI Corporation (NYSE: CVM) gained 17.09 percent to close at $2.74.
athenahealth, Inc. (NASDAQ: ATHN) shares jumped 16.39 percent to close at $146.75 on Monday after Elliott Management confirmed a $160 per share cash offer for athenahealth.
Gramercy Property Trust (NYSE: GPT) rose 15.45 percent to close at $27.50 after the company agreed to be acquired by Blackstone Group L.P. (NYSE: BX) for $27.50 per share.
National CineMedia, Inc. (NASDAQ: NCMI) surged 15.23 percent to close at $6.43 after the company posted upbeat quarterly profit.
Turtle Beach Corporation (NASDAQ: HEAR) rose 14.53 percent to close at $7.33
CohBar, Inc. (NASDAQ: CWBR) gained 14.36 percent to close at $6.29.
Tetraphase Pharmaceuticals, Inc. (NASDAQ: TTPH) gained 12.69 percent to close at $3.64.
Gannett Co., Inc. (NYSE: GCI) gained 12.27 percent to close at $10.89 following Q1 results.
CVR Refining, LP (NYSE: CVRR) shares climbed 9.8 percent to close at $19.05.
Illumina, Inc. (NASDAQ: ILMN) rose 4.93 percent to close at $256.89. Barclays upgraded Illumina from Equal-Weight to Overweight.
Cloudera, Inc. (NYSE: CLDR) surged 3.92 percent to close at $15.63. Craig-Hallum initiated coverage on Cloudera with a Buy rating. - [By Dan Caplinger]
Finally, shares of CVR Energy fell 9%. The holding company agreed to exchange its stock to investors in related entity CVR Refining (NYSE:CVRR), accepting as many as 37.1 million units at a ratio of 0.6335 shares of CVR Energy for every unit of CVR Refining exchanged. In a release, CVR Energy said that “many CVR Refining unitholders may wish to hold their investment in the form of common stock rather than partnership interests” after recent tax reform legislation. But it’s unclear why CVR Energy would make an offer at a 25% premium rather than simply having CVR Refining convert to a corporate entity or use similar steps that wouldn’t adversely affect CVR Energy shareholders for the benefit of CVR Refining unitholders. CVR Refining finished the session 8% higher.
- [By Lisa Levin] Gainers
athenahealth, Inc. (NASDAQ: ATHN) shares climbed 23.2 percent to $155.19 after Elliott Management confirmed a $160 per share cash offer for athenahealth.
Evolus, Inc. (NASDAQ: EOLS) gained 21.3 percent to $8.83. Evolus named David Moatazedi as new CEO.
VivoPower International PLC (NASDAQ: VVPR) climbed 18.2 percent to $3.12 after falling 39.86 percent on Friday.
Gramercy Property Trust (NYSE: GPT) rose 15.6 percent to $27.53 after the company agreed to be acquired by Blackstone Group L.P. (NYSE: BX) for $27.50 per share.
EP Energy Corporation (NYSE: EPE) rose 13 percent to $2.26.
Energy XXI Gulf Coast, Inc. (NASDAQ: EGC) gained 11.9 percent to $7.35.
National CineMedia, Inc. (NASDAQ: NCMI) surged 11.8 percent to $6.24 after the company posted upbeat quarterly profit.
Sanchez Energy Corporation (NYSE: SN) shares gained 11.3 percent to $3.56.
CVR Refining, LP (NYSE: CVRR) shares rose 8.8 percent to $18.875.
Monaker Group, Inc. (NASDAQ: MKGI) rose 8.7 percent to $2.9683.
Kosmos Energy Ltd. (NYSE: KOS) shares rose 7.4 percent to $7.40.
Ceragon Networks Ltd. (NASDAQ: CRNT) rose 7 percent to $2.88 after climbing 1.89 percent on Friday.
Cloudera, Inc. (NYSE: CLDR) surged 6 percent to $15.93. Craig-Hallum initiated coverage on Cloudera with a Buy rating.
Illumina, Inc. (NASDAQ: ILMN) rose 5.1 percent to $257.35. Barclays upgraded Illumina from Equal-Weight to Overweight.Check out these big penny stock gainers and losers
- [By Logan Wallace]
CVR Refining LP (NYSE:CVRR) declared a quarterly dividend on Wednesday, July 25th, NASDAQ reports. Stockholders of record on Monday, August 6th will be given a dividend of 0.66 per share by the oil and gas company on Monday, August 13th. This represents a $2.64 annualized dividend and a dividend yield of 12.25%. The ex-dividend date of this dividend is Friday, August 3rd. This is a positive change from CVR Refining’s previous quarterly dividend of $0.51.
- [By Maxx Chatsko]
Shares ofCVR Energy (NYSE:CVI) dropped over 12% today after the holding company announced an interesting stock exchange offer for unitholders of its subsidiary,CVR Refining (NYSE:CVRR). The transaction will allow for up to 37.1 million units of the refiner to be exchanged for up to 23.5 million shares of the parent company, or at a 0.6335-to-1 ratio.
Top Low Price Stocks To Own Right Now: Anthem, Inc.(ANTX)
Advisors’ Opinion:
- [By Logan Wallace]
Antimatter (CURRENCY:ANTX) traded flat against the U.S. dollar during the one day period ending at 12:00 PM E.T. on July 22nd. In the last seven days, Antimatter has traded up 17.8% against the U.S. dollar. Antimatter has a total market capitalization of $0.00 and $1.00 worth of Antimatter was traded on exchanges in the last 24 hours. One Antimatter coin can currently be bought for $0.0001 or 0.00000001 BTC on popular cryptocurrency exchanges.
- [By Max Byerly]
Antimatter (CURRENCY:ANTX) traded 10.9% lower against the US dollar during the twenty-four hour period ending at 19:00 PM E.T. on June 10th. One Antimatter coin can now be purchased for approximately $0.0001 or 0.00000002 BTC on exchanges. During the last seven days, Antimatter has traded 12.5% lower against the US dollar. Antimatter has a market cap of $0.00 and $7.00 worth of Antimatter was traded on exchanges in the last 24 hours.
Top Low Price Stocks To Own Right Now: CRA InternationalInc.(CRAI)
Advisors’ Opinion:
- [By Joseph Griffin]
BidaskClub downgraded shares of CRA International (NASDAQ:CRAI) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.
- [By Max Byerly]
Systematic Financial Management LP purchased a new position in CRA International, Inc. (NASDAQ:CRAI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,615 shares of the business services provider’s stock, valued at approximately $1,130,000. Systematic Financial Management LP owned about 0.27% of CRA International at the end of the most recent quarter.
- [By Max Byerly]
CRA International, Inc. (NASDAQ:CRAI) Director William F. Concannon sold 9,500 shares of CRA International stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $55.37, for a total value of $526,015.00. Following the sale, the director now directly owns 28,491 shares of the company’s stock, valued at $1,577,546.67. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Top Low Price Stocks To Own Right Now: Dicerna Pharmaceuticals, Inc.(DRNA)
Advisors’ Opinion:
- [By Ethan Ryder]
Dicerna Pharmaceuticals (NASDAQ:DRNA) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Dicerna Pharmaceuticals (DRNA)
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- [By Ethan Ryder]
Dicerna Pharmaceuticals (NASDAQ:DRNA)‘s stock had its “hold” rating reiterated by HC Wainwright in a report released on Tuesday. They currently have a $14.00 price objective on the biopharmaceutical company’s stock. HC Wainwright’s price objective would suggest a potential upside of 1.74% from the stock’s previous close.