Casino stocks with exposure to Macao took a nosedive on Tuesday after a few announcements from the government. One was that COVID-19 cases are on the rise in the Chinese province of Fujian and that could result in fewer visitors to Macao. More concerning is potential government r
Devon Energy Corporation (NYSE:DVN) is an upstream oil and gas production company. Unlike many of its peers, Devon produces crude oil and natural gas in nearly equal proportions, and holds some of the best assets in the industry. Unfortunately, both natural gas and oil prices are on the decline lately, and this has seriously affected Devon’s business. In fact, Devon has reported more than $1.0 billion in losses four quarters in a row, although the most recent quarter showed dramatic improvements. Devon may do well if oil and natural gas recovers on schedule....More>>>
Wall Street analysts forecast that Jones Energy Inc (NYSE:JONE) will announce sales of $60.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Jones Energy’s earnings. The lowest sales estimate is $58.30 million and the highest is $62.00 million. Jones Energy posted sales of $44.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 36.1%. The business is scheduled to issue its next earnings report on Tuesday, November 6th.
On average, analysts expect that Jones Energy....More>>>
Private equity shops thought they saw a sure-fire way to make a buck: build dozens of new power plants fueled by cheap Appalachian natural gas to replace old coal-fired units.
It hasn’t quite turned out that way, at least not yet. Many of the new plants built in the last few years aren’t kicking off as much cash as the buyout firms had expected, according to bankers. There’s not enough demand to support the huge amount of additional new capacity, driving down electricity prices. And with President Donald Trump as a booster, shutdowns of coal haven’t come as....More>>>
Encore Capital Group (NASDAQ:ECPG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial....More>>>
While vaccinations continue to support the recovery, the number of infections from the delta variant has shaken people up quite a bit. As a result, investors could be feeling incrementally more cautious about reopening plays.
Added to that are concerns about the end of government sup
Uber (NYSE:UBER) and DoorDash (NYSE:DASH) are fierce rivals in the online food delivery market. Uber Eats, which was launched in 2014 to complement Uber's core ride-hailing business, now operates in more than 6,000 cities across 45 countries. It also acquired Postmates last December to boost it
It's always interesting to see what billionaire investors are doing with their money. Sure, you can't match their gains simply by copying every single one of their stock picks, but it can still be helpful (and fru
Terreno Realty (TRNO Quick QuoteTRNO ) recently announced the execution of a lease with a global logistics and supply-chain provider for a property in Gardena, CA. The lease for the 114,000 square feet of space will begin upon expiration of the current lease on Jan 31, 2022. Precisely,
Sanderson Farms, Inc. (NASDAQ:SAFM) has been given an average rating of "Hold" by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on