The President and CEO of Diamond Offshore, Larry Dickerson, said, "With new contracting severely restricted in the Gulf of Mexico as a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed."
Stocks opened higher on Tuesday as investors focused on earnings and shrugged off a downgrade on Portugal. Dan Genter, president, CEO and CIO of RNC Genter Capital Management and Tommy Williams, president of Williams Financial Advisors discussed their market outlooks.
Aluminum giant Alcoa kicked off the second quarter earnings season to a positive start by beating estimates on Monday afternoon. Will more companies follow the trend? Sam Stovall, chief investment strategist at Standard & Poor’s shared his insights.
The market is poised for a sixth day of positive returns and Art Cashin, director of floor operations at UBS Financial Services, believes the rise will continue.
There are few things more important than a healthy IPO market. Successful IPOs instill confidence in investors and CEOs alike. It's a sign that new capital is looking to enter the market.
As we head into earnings, if your strategy is buying into analyst estimates, here are some helpful tips to remember:
Western powers are in decline and China will end up ruling the world economically, Stephen D. King, chief global economist at HSBC told CNBC Monday.
Investors are jittery about the stock market's decline to a 10-month low earlier this month, and many are piling into bonds. But they may have more to lose in the form of higher taxes.
Are you ready to hear another reason why the financial reform bill is not the game-changer it's cracked up to be? Ready or not, here it comes: Congress decided that one of the most noxious anti-investor, anti-consumer laws since Hammurabi's Code deserved to be kept intact.
Apache has a reputation of grabbing mature assets on the cheap and squeezing substantial value out of them. There is a distinct possibility that the reported $10-plus billion asset sale could include BP's Alaska operations.
Earnings season starts on Monday with Dow component Alcoa reporting after the closing bell and Chevron reporting interim results. Jim Meyer, CIO and co-founder of Tower Bridge Advisors and Kelly Campbell, founder, principal and CEO of Campbell Wealth Management shared their insights.
The financial sector is expected to get a lot of attention as earnings sector kicks off this week. Paul Miller, group head of financial services at FBR Capital Markets, expects big banks to report better earnings than the regionals.
The Dow Jones needs to break through 10,500 points to escape its current bearish trend, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.
A small deal last week could be a great sign for bank investors if strategic M&A really is revving up for a return to the sector. We narrowed down the list of potential low-cost targets among bank and thrifts stocks selling below book value last week to 10 well capitalized institutions
This could be a "raining decade" with the market in an "extended sideways up and down period." Take the big downturn in the early 70's, the period between 1972 to 1982 "started and finished in the same place," Tanya Beder said.
If the S&P 500 can continue to push higher for one more session, investors could see a turning point for the index and a strong signal for a bull market, independent trader Bill McLaren told CNBC Friday.
The question facing investors now? Were The Gap's disappointing numbers a one-time occurrence (and maybe a buying opportunity), or the start of a disturbing trend?
Trading took a bullish turn in Monster Worldwide yesterday after a key labor report spurred optimism about U.S. hiring.
Stocks had another positive run Thursday, despite bouncing around a bit as financials lost ground, but Art Cashin, director of floor operations at UBS Financial Services, is staying cautious.
The market is up for the third straight day, but market players Tom Lydon, editor of ETF Trends, and Eugene Profit, chief executive officer of Profit Investment Management, are more cautious about the future.