On Monday, Brazilian state-run oil giant Petrobras (NYSE:PBR) announced its earnings results for the third quarter that ended on September 30. According to the companys press release, Petrobras made a net profit of $81.1M, primarily thanks to the increase in exports, the growth of oil prices and gains from the sale of Nova Transportadora that occurred earlier this year.
The earnings news come out just a couple of days later after Anthony Mace, a former CEO of SBM Offshore, pleaded guilty to a corruption scheme as a part of the Operation Carwash, a criminal investigation, which is conducted by the judicial branch of the Brazilian government along with the Brazilian police in cooperation with US authorities to reveal the money laundering schemes that were conducted by Petrobras top officials.
In addition, this week, Brazilian pension funds started a joint arbitrage case against Petrobras, as they accumulated heavy losses during the last few years when they invested in the Brazilian company. Petros Funda莽茫o fund alone expects to win around $2.1B, which will have a serious impact on Petrobras financials, as during Q3 it already spent another $600M in non-recurring charges.
Top 5 High Tech Stocks For 2018: BlackRock, Inc.(BLK)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Nintendo has a new stockholder: Shares of video game console maker Nintendo (NTDOY) rose slightly on news asset manager BlackRock (BLK) owns a 5.17% stake. With the new Nintendo Switch console being met with strong demand, the disclosure shouldn’t come as a shocker. If there is anything I have learned from covering Nintendo through the years, it’s that when the stock gets hot it tends to stay hot until something causes investors to reverse course. Nintendo’s stock is up 23% in the last three months, but look for more gains in the short-term.
- [By Todd Shriber, ETF Professor]
Vanguard's latest fee cuts answer two such moves this year, including one this month, by rival BlackRock, Inc. (NYSE: BLK) and one fee reduction announcement by Charles Schwab Corp (NYSE: SCHW).
Top 5 High Tech Stocks For 2018: Sunoco LP(SUN)
Advisors’ Opinion:
- [By Lisa Levin]
Friday afternoon, the non-cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Ballard Power Systems Inc. (USA) (NASDAQ: BLDP) and Sunoco LP (NYSE: SUN).
- [By Lisa Levin]
Thursday afternoon, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Ballard Power Systems Inc. (USA) (NASDAQ: BLDP) and Sunoco LP (NYSE: SUN).
- [By Douglas A. McIntyre]
Exxon Mobil Corp. (NYSE: XOM) is the second largest company in America and the world’s largest oil company. Chevron Corp. (NYSE: CVX) is the third largest company in the United States. Valero Corp. (NYSE: VLO) is among the world’s largest refiners. Sunoco L.P. (NYSE: SUN) is one of North America’s largest owners of stations and convenience stores. BP PLC (NYSE: BP) is among the world’s oil behemoths. Shell is the U.S. branch of oil giant Royal Dutch Shell PLC (NYSE: RDS-A).
Top 5 High Tech Stocks For 2018: Enphase Energy, Inc.(ENPH)
Advisors’ Opinion:
- [By Ben Levisohn]
UPDATE: I stand corrected. There does appear to be a reason for First Solar’s market-leading move today. Axiom Capital’s Gordon Johnson attributes the rise to the $10 million investment in Enphase Energy (ENPH), which makes “microinverter systems for the solar photovoltaic industry,” by investors T.J. Rodgers and John Doerr.
Top 5 High Tech Stocks For 2018: United Microelectronics Corporation(UMC)
Advisors’ Opinion:
- [By Ashraf Eassa]
United Microelectronics (NYSE:UMC), for example, has said that it expects to begin “commercial production” of a 14-nanometer technology “by the second half of 2017,” per EETimes.
Top 5 High Tech Stocks For 2018: Blue Buffalo Pet Products, Inc.(BUFF)
Advisors’ Opinion:
- [By Monica Gerson] Related BUFF Mid-Afternoon Market Update: Crude Oil Rises 3.5%; Zagg Shares Fall Following Weak Q4 Results Mid-Day Market Update: Blue Buffalo Pet Products Rises Following Strong Q4 Results; Ocean Rig UDW Shares Slide Blue Buffalo Pet Products' (BUFF) CEO Kurt Schmidt on Q1 2016 Results – Earnings Call Transcript (Seeking Alpha)
Related ARMK Earnings Scheduled For May 11, 2016 Earnings Scheduled For February 10, 2016
Some of the stocks that may grab investor focus today are:
- [By Peter Graham]
Mid cap pet stock Blue Buffalo Pet Products Inc (NASDAQ: BUFF)reportedQ1 2017 earnings after the market closed Tuesday.Net sales increased 7.9% to $302.0 million driven primarily by volume growth. Net sales of Dry Foods increased 6.4% to $245.2 million while net sales of Wet Foods, Treats and Other Products increased15.1% to $56.8 million. Net income increased 18.1% to $44.1 million and cash and cash equivalents were $338.2 million as of March31, 2017 versus $292.7 million as of December31, 2016. The CEO commented:
- [By Peter Graham]
A long term performance chart shows shares of Petmed Express giving a steady performance before jolting higher this yearand pet stock peerCentral Garden & Pet Co (NASDAQ: CENT) also being agood performer while pet food stocks Blue Buffalo Pet Products Inc (NASDAQ: BUFF) and Freshpet Inc (NASDAQ: FRPT) have not yet lived up to investor expectations:
- [By Peter Graham]
The Q3 2016 earnings report formid cap pet stock Blue Buffalo Pet Products Inc (NASDAQ: BUFF)is scheduled for after the market closes onThursday (November 10th) with earnings beating expectations the last time around.
