Archive US: Trading

  • *OPEC pumps 221,000 bpd less in December than in November. NEW YORK, Jan 18- Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high. "The petroleum markets have turned lower again in Wednesday trade amid talk that higher oil prices will translate...

  • NEW YORK, Jan 18- Investors remained skittish on United Continental Holdings Inc stock on Wednesday, even as company executives sought to reassure the doubtful on its expected performance for the year. "It sure feels like the revenue environment turned a corner in the fourth quarter and assuming that continues, we are looking forward to positive for 2017,"...

  • *OPEC pumps 221,000 bpd less in December than in November. NEW YORK, Jan 18- Oil prices fell to the lowest in a week on Wednesday on a strong dollar and expectations that U.S. producers would boost output, while OPEC signalled a drop in the global oil supply surplus this year as the group's output fell from a record high. "The petroleum markets have turned lower again in...

  • Trader bets on a rally for this oil company

    Andrew Keene of AlphaShark sees a rally in store for one oil name.

  • *OPEC pumps 221,000 bpd less in December than in November. NEW YORK, Jan 18- Oil prices fell to their lowest level in a week on Wednesday on expectations U.S. producers would boost output, while OPEC signalled a drop in the global oil supply surplus this year as the producer group's output fell from a record high. "The petroleum markets have turned lower again in...

  • CHICAGO— Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 1.60 cents lower at $4.3160 a bushel; March corn was up. 20 cent at $3.6560 a bushel; March oats was up 10.40 cents at $2.5960 a bushel while January soybeans gained 1.60 cents to $10.71 a bushel. February live cattle was. 23 cent lower at $1.1980 a...

  • The S&P 500 rose 4 points, or 0.2 percent, to 2,271.89. Slightly more stocks rose on the New York Stock Exchange than fell. The S&P 500 is up 6.2 percent since Donald Trump's surprise victory of the White House, driven higher by expectations for lower corporate taxes and less regulation.

  • Steel maker Nucor gained 3.7 percent and Fastenal, which sells nuts, bolts and other equipment, jumped 5.8 percent after turning in a strong earnings report. Target fell 5.8 percent, Dollar Tree slumped 2.8 percent and Macy's fell 1.5 percent. The Dow Jones industrial average fell 22 points, or 0.1 percent, to 19,804, held back by a big drop in UnitedHealth.

  • WINONA, Minn. _ Fastenal Co. on Wednesday reported fourth-quarter earnings of $114.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Fastenal shares have climbed roughly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 1...

  • MINNEAPOLIS _ U.S. Bancorp on Wednesday reported fourth-quarter profit of $1.48 billion. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. U.S. Bancorp shares have decreased 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 1 percent.

  • NEW YORK, Jan 17- U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. The bank's finance chief, Jonathan Pruzan, said Morgan Stanley will not increase its quarterly target for the business until it is clear that recent revenue trends were sustainable.

  • MILPITAS, Calif. _ Linear Technology Corp. on Tuesday reported fiscal second-quarter profit of $124 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Linear Technology shares have dropped slightly since the beginning of the year, while the Standard& Poor's 500 index has increased...

  • NEW YORK, Jan 17- U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. President-elect Donald Trump, which pushed the dollar the dollar to its lowest level in more than a month and bond yields down as investors cut risk. The bank's finance chief, Jonathan Pruzan, said Morgan...

  • NEW YORK, Jan 17- U.S. stocks and the dollar fell while gold and government bonds rose on Tuesday as investors fled for safety after President-elect Donald Trump said the U.S. currency was too strong and they also questioned if his campaign promises would be fulfilled. Meanwhile sterling jumped as Prime Minister Theresa May said Britain would quit the European...

  • It could be time to shop for bargain-basement high-dividend stocks

    After a tough run for high-dividend names, should value investors buy in? Stacey Gilbert of Susquehanna and Chad Morganlander of Washington Crossing Advisors discuss with Brian Sullivan.

  • High time to buy beaten-up biotech?

    Stacey Gilbert of Susquehanna and Chad Morganlander of Washington Crossing Advisors discuss the outlook for biotech stocks with Brian Sullivan.

  • Savings bonds

    Todd Gordon of TradingAnalysis.com bets on the TLT ahead of Donald Trump's inauguration.

  • Elliott and Bluescape, which was founded by ex- TXU Corp. CEO John Wilder, said in a filing that NRG's shares were "deeply undervalued." NRG, an electric power company with headquarters in Princeton, New Jersey and Houston Texas, saw its stock rise 5.9 percent to $15.47 on the New York Stock Exchange on Tuesday. Wilder is credited with overhauling electric utility TXU...

  • *Dollar index hits lowest since Dec. 8. NEW YORK, Jan 17- U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to...

  • Jan 17- U.S. stocks fell on Tuesday, weighed down by financial and healthcare stocks, as investors turned skittish following President-elect Donald Trump's remarks on the dollar and drug pricing. Biotech and pharma stocks declined after Trump told the Washington Post that he would target companies over drug pricing and that he was ready to unveil a plan to...