The resort island of Hainan may become a key proving ground for China’s push to lead the world in electric-vehicle adoption.
China aims to phase out sales of fossil-fuel vehicles in the province, and to accelerate the use of new-energy and energy-saving cars on the island, Xinhua News Agency reported late Saturday, citing an official guideline on reforming the southern province. The guideline coincides with President Xi Jinping’s visit to the island, and initiatives include setting up a trial free-trade zone and building up Hainan’s tourism industry.
China will control the number of vehicles in Hainan in “a scientific way,” in a bid to make the island a place with a “green lifestyle,” according to Xinhua.
China to Support Horse Racing, Expand Sports Lottery in Hainan
While the report didn’t give details or a timeline on the fossil fuel-vehicle ban, the initiative fits with Xi’s broader campaign to promote electric autos. His administration is implementing new-energy vehicle production quotas, targeting a seven-fold increase in NEV sales and considering a ban on gas guzzlers as China tries to clear the air in polluted cities and cut its reliance on imported oil.
Best Energy Stocks To Buy Right Now: Independence Contract Drilling, Inc.(ICD)
- [By Ethan Ryder]
Independence Contract (NYSE: ICD) and Pacific Drilling (OTCMKTS:PACDQ) are both small-cap oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, institutional ownership, analyst recommendations, risk, valuation, dividends and profitability.
- [By WWW.GURUFOCUS.COM]
For the details of AXAR CAPITAL MANAGEMENT L.P.’s stock buys and sells, go to www.gurufocus.com/guru/axar+capital+management+l.p./current-portfolio/portfolio
These are the top 5 holdings of AXAR CAPITAL MANAGEMENT L.P.SPDR S&P 500 (SPY) – 1,220,000 shares, 91.31% of the total portfolio. Stonemor Partners LP (STON) – 7,384,970 shares, 4.64% of the total portfolio. Shares added by 7.35%Patterson-UTI Energy Inc (PTEN) – 730,000 shares, 2.26% of the total portfolio. Independence Contract Drilling Inc (ICD) – 969,662 shares, 0.91% of the total portfolio. New PositionStage Stores Inc (SSI) – 3,700,000 shares, 0.82% of the total portfolio. Shares added by 6
- [By Motley Fool Transcribers]
Independence Contract Drilling Inc (NYSE:ICD)Q4 2018 Earnings Conference CallMarch 01, 2019, 10:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Independence Contract Drilling (ICD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Energy Stocks To Buy Right Now: EXCO Resources NL(XCO)
- [By Logan Wallace]
X-Coin (CURRENCY:XCO) traded down 8.9% against the U.S. dollar during the 1 day period ending at 20:00 PM E.T. on May 28th. X-Coin has a total market cap of $76,806.00 and $235.00 worth of X-Coin was traded on exchanges in the last day. During the last week, X-Coin has traded 15.7% lower against the U.S. dollar. One X-Coin coin can currently be purchased for about $0.0062 or 0.00000087 BTC on cryptocurrency exchanges including Cryptopia and YoBit.
- [By Joseph Griffin]
X-Coin (CURRENCY:XCO) traded up 3% against the US dollar during the 24-hour period ending at 18:00 PM ET on August 21st. During the last week, X-Coin has traded up 3.4% against the US dollar. One X-Coin coin can currently be purchased for approximately $0.0058 or 0.00000089 BTC on major exchanges including Cryptopia and YoBit. X-Coin has a total market cap of $71,468.00 and approximately $60.00 worth of X-Coin was traded on exchanges in the last day.
- [By Joseph Griffin]
Press coverage about EXCO Resources (NYSE:XCO) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. EXCO Resources earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the oil and natural gas company an impact score of 45.0615500193326 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
- [By Max Byerly]
X-Coin (CURRENCY:XCO) traded down 14.7% against the dollar during the 1 day period ending at 12:00 PM Eastern on June 27th. During the last week, X-Coin has traded 22.2% lower against the dollar. One X-Coin coin can currently be purchased for about $0.0079 or 0.00000130 BTC on popular cryptocurrency exchanges including Cryptopia and YoBit. X-Coin has a total market cap of $98,336.00 and approximately $1,753.00 worth of X-Coin was traded on exchanges in the last day.
- [By Logan Wallace]
X-Coin (XCO) is a PoW/PoS coin that uses the SHA256 hashing algorithm. Its launch date was February 26th, 2015. X-Coin’s total supply is 12,384,976 coins. X-Coin’s official website is x-coin.info. X-Coin’s official Twitter account is @XcoinNews and its Facebook page is accessible here.
Best Energy Stocks To Buy Right Now: Williams Partners L.P.(WPZ)
- [By Matthew DiLallo]
Natural gas pipeline giant Williams Companies (NYSE:WMB) announced today that it agreed to acquire the rest of its master limited partnership (MLP) Williams Partners (NYSE:WPZ) that it didn’t already own in a $10.5 billion deal. Not to be outdone, Canadian energy infrastructure giant Enbridge (NYSE:ENB) made an offer to acquire its namesake MLP Enbridge Energy Partners (NYSE:EEP), along with the rest of its publicly traded entities, including Spectra Energy Partners (NYSE:SEP). These transactions have big implications not only for investors in these entities but for those who own other pipeline companies, too.
- [By Lisa Levin]
Analysts at Stifel Nicolaus downgraded Williams Partners L.P. (NYSE: WPZ) from Buy to Hold..
Williams Partners shares fell 0.63 percent to close at $41.23 on Friday.
- [By Shane Hupp]
Williams Pipeline Partners LP (NYSE:WPZ) – US Capital Advisors decreased their Q3 2018 earnings per share (EPS) estimates for shares of Williams Pipeline Partners in a research note issued to investors on Monday, May 14th. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.41. US Capital Advisors also issued estimates for Williams Pipeline Partners’ Q4 2018 earnings at $0.45 EPS and FY2019 earnings at $1.87 EPS.
- [By Lisa Levin] Gainers
Carver Bancorp, Inc. (NASDAQ: CARV) shares jumped 92.1 percent to $7.01.
iPic Entertainment Inc. (NASDAQ: IPIC) gained 21.6 percent to $9.73.
Baozun Inc. (NASDAQ: BZUN) shares jumped 18.7 percent to $53.49 after reporting Q1 results.
World Wrestling Entertainment, Inc. (NYSE: WWE) shares jumped 15.9 percent to $50.50. The company's "Smackdown Live" may not be renewed at NBCUniversal network and the company's "Monday Night Raw" program could be worth three times its current value elsewhere, according to a report for The Hollywood Reporter.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) gained 14.7 percent to $ 20.46 after the company issued further details on Phase 3 ADVANCE study of ROLONTIS.
Motus GI Holdings, Inc. (NASDAQ: MOTS) climbed 13.4 percent to $5.5009.
Endocyte, Inc. (NASDAQ: ECYT) rose 13.3 percent to $ 14.23 after the company announced presentation of Phase 2 data from prostate cancer trial of 177Lu-PSMA-617 at the 2018 ASCO Annual Meeting.
Diana Containerships Inc. (NASDAQ: DCIX) gained 12.9 percent to $1.7499 after the company announced the sale of Post-Panamax Container Vessel for $21 million.
Essendant Inc. (NASDAQ: ESND) gained 12.7 percent to $12.43. Essendant confirmed receipt of unsolicited proposal from Staples of $11.50 per share in cash.
Blink Charging Co (NASDAQ: BLNK) rose 11.8 percent to $8.04 after surging 31.68 percent on Wednesday.
OptimumBank Holdings, Inc. (NASDAQ: OPHC) gained 11.5 percent to $5.15.
Flotek Industries, Inc. (NYSE: FTK) shares climbed 10.7 percent to $3.74.
Farmer Bros. Co. (NASDAQ: FARM) rose 7.9 percent to $25.95 after climbing 7.90 percent on Wednesday.
Minerva Neurosciences Inc (NASDAQ: NERV) rose 6.5 percent to $6.93 after Journal of Clinical Psychiatry published positive results of cognitive performance from Phase 2B trial of roluperidone in schizophrenia patients.
Williams Partners L.P. (NYSE: WPZ) rose 5.6 percent to $40
- [By Matthew DiLallo]
Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.
- [By Dan Caplinger]
The stock market stayed in a pretty narrow range on Thursday, climbing early in the session but then slowly drifting lower through the afternoon hours. In the absence of major news, investors largely looked forward to key events like trade negotiations among the world’s largest economies. Other financial markets saw mixed moves as well, with 10-year Treasury yields climbing above 3.1% while oil prices stayed comfortably above $70 per barrel. Despite the quiet day, some companies had good news that pushed their shares sharply higher. World Wrestling Entertainment (NYSE:WWE), Chesapeake Energy (NYSE:CHK), and Williams Partners (NYSE:WPZ) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
Best Energy Stocks To Buy Right Now: Bill Barrett Corporation(BBG)
- [By Shane Hupp]
Shares of Bill Barrett Co. (NYSE:BBG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.28.