Shares of Internet of Things hardware specialist Sierra Wireless (NASDAQ:SWIR) traded higher on Friday, reaching a gain of 11.3% at 3:45 p.m. EST. The company didn’t have any news to report today, but investors appear to have decided that Thursday’s drastic price drop was too sharp after all.
Sierra’s fourth-quarter report showed slowing top-line growth and lower earnings, inspiring a slew of immediate analyst downgrades and target price cuts. By the end of Thursday, the stock had taken a 27% haircut.
Again, the company didn’t have anything new to add to the discussion on Friday. It simply started drifting higher in the early morning, and the gains kept coming all day long. As we head into the weekend, Sierra Wireless has erased about half of Thursday’s huge price drop.
Image source: Getty Images.
Top Clean Energy Stocks To Buy Right Now: TEGNA Inc.(TGNA)
TEGNA Inc., formerly Gannett Co., Inc., incorporated on February 23, 1972, includes a portfolio of media and digital businesses that provide content. The Company operates through two segments: TEGNA Media (Media Segment) and TEGNA Digital (Digital Segment). The Company’s media business includes approximately 50 television stations operating in over 40 markets and offers television programming and digital content. Its digital business consists of its Cars.com and CareerBuilder business units that operate in the automotive and human capital solutions industries.
TEGNA Media (Media Segment)
The Company’s Media segment includes core advertising, including local and national non-political advertising; political advertising during elections; retransmission that represents satellite and cable networks, and telecommunications companies to carry its television signals; digital that includes digital marketing services and advertising on the stations’ Websites, tablet and mobile products, and other services, such as production of programming from third parties and production of advertising material. The Company offers its television stations to approximately 40 million households. It includes an independent station group of network affiliates. Each television station has a digital presence, including mobile, to reach consumers across platforms. The Company’s television stations also produce local programming, such as news, sports and entertainment.
TEGNA Digital (Digital Segment)
The Company’s Digital business segment consists of over four business units, including Cars.com, CareerBuilder, G/O Digital and Cofactor. Cars.com informs digital marketing strategies through consumer insights and products, enabling automotive dealers and manufacturers reach in-market car shoppers. Cars.com hosts approximately over 4.5 million vehicle listings and serves approximately 21,000 customers that are primarily franchise and independent car dealers in the United States. Cars.c! om also provides information about repair shops and enables consumers to get estimates on vehicle repairs. CareerBuilder service offerings include human capital software-as-a-service (SaaS) and various other recruitment solutions (employment branding services and access to online resume databases). CareerBuilder helps companies with recruitment process steps. CareerBuilder operates job sites in North America. CareerBuilder offers a pre-hire platform and provides sourcing and mass job distribution, labor market analysis, workflow and automatic candidate relationship management. CareerBuilder offers its services in the United States, Europe, Canada, Asia, Australia and South America. G/O Digital offers digital marketing services for local businesses. G/O Digital enables local businesses to connect with media consumers through digital marketing, including search, social and e-mail advertising. Cofactor, which also operates as ShopLocal, offers a suite of digital advertising solutions. Cofactor enables brands and retailers to engage shoppers with advertising content. Cofactor delivers advertising content to shoppers through online circulars, display advertising, search, social media, video and mobile.
- [By Motley Fool Transcribers]
TEGNA Inc (NYSE:TGNA)Q42018 Earnings Conference CallMarch 01, 2019, 8:30 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Daniel Sparks]
Media and TV broadcasting company TEGNA (NYSE:TGNA) jumped on Friday. Shares rose as much as 18.3%. As of 12:02 p.m. EST, the stock was up 14.7%.
The stock’s gain follows TEGNA’s fourth-quarter results, which included better-than-expected revenue and earnings per share and record free cash flow.
- [By Logan Wallace]
Get a free copy of the Zacks research report on TEGNA (TGNA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Sei Investments Co. boosted its stake in shares of TEGNA Inc. (NYSE:TGNA) by 21.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 363,998 shares of the company’s stock after buying an additional 65,120 shares during the quarter. Sei Investments Co.’s holdings in TEGNA were worth $3,950,000 as of its most recent SEC filing.
Top Clean Energy Stocks To Buy Right Now: PNC Financial Services Group, Inc. (PNC)
Headquartered in Pittsburgh, Pennsylvania, we are one of the largest diversified financial services companies in the United States. We have businesses engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing many of our products and services nationally, as well as other products and services in our primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. We also provide certain products and services internationally. At December 31, 2015, our consolidated total assets, total deposits and total shareholders’ equity were $358.5 billion, $249.0 billion and $44.7 billion, respectively. Advisors’ Opinion:
- [By Garrett Baldwin]
See Now: Our founder just released his No. 1 pick for 2019. Don’t miss this. See the urgent briefing here…
Walt Disney Co. (NYSE: DIS) unveiled its highly anticipated streaming service on Thursday. The service, Disney+, will launch Nov. 12 and cost $6.99 per month or $69 per year. The service will include television shows and films from its extended universe of programming – including the Star Wars and Marvel series. Disney said that all of its new films will be available on the service as soon as their theatrical windows have ended. In merger news, Chevron Corp. (NYSE: CVX) announced plans to purchase Anadarko Petroleum Corp.(NYSE: APC) as the oil major continues to push into the U.S. shale business. Shares of APC popped 32% in pre-market hours after Chevron announced the $33 billion bid. This is the largest energy merger since 2016 after Royal Dutch Shell Plc. (NYSE: RDS.A) purchased BG Group. The news sent shares of companies that operate in the Permian basin in West Texas even higher this morning. Look for other earnings reports from PNC Financial Services Group Inc.(NYSE: PNC) and Infosys Ltd.(NASDAQ: INFY).
This Is How You Can Grow Incredibly Rich Buying Straight-Up Stocks
Right now, even with all the market uncertainty, there’s truly a ridiculous amount of money to be made from stocks if you follow this secret.
- [By Money Morning Staff Reports]
Buffett is no stranger to banks. He’s owned a piece of Wells Fargo & Co. (NYSE: WFC) for 19 years. And recently, he took some big chunks of some of the other big and well-known banks, including Bank of America Corp. (NYSE: BAC), Goldman Sachs Group Inc. (NYSE: GS), Bank of New York Mellon Corp. (NYSE: BK), and PNC Financial Services Group Inc. (NYSE: PNC).
Top Clean Energy Stocks To Buy Right Now: Landstar System, Inc.(LSTR)
Landstar System, Inc. was incorporated in January 1991 under the laws of the State of Delaware. It acquired all of the capital stock of its predecessor, Landstar System Holdings, Inc. (“LSHI”) on March 28, 1991. Landstar System, Inc. has been a publicly held company since its initial public offering in March 1993. LSHI owns directly or indirectly all of the common stock of Landstar Ranger, Inc. (“Landstar Ranger”), Landstar Inway, Inc. (“Landstar Inway”), Landstar Ligon, Inc. (“Landstar Ligon”), Landstar Gemini, Inc. (“Landstar Gemini”), Landstar Transportation Logistics, Inc. (“Landstar Transportation Logistics”), Landstar Global Logistics, Inc. (“Landstar Global Logistics”), Landstar Express America, Inc. (“Landstar Express America”), Landstar Canada Holdings, Inc. (“LCHI”), Landstar Canada, Inc. (“Landstar Canada”), Landstar Contractor Financing, Inc. (“LCFI”), Risk Management Claim Services, Inc. (“RMCS”) and Signature Insurance Company (“Signature”). Advisors’ Opinion:
- [By John Rotonti]
Oh yeah. In this interview, we also talkstocks. Awesome stocks!Wediscuss several companies that I think deserve more attention, includingFerrari N.V.(NYSE:RACE),Broadridge Financial Solutions(NYSE:BR),First American Financial(NYSE:FAF),andLandstar System(NASDAQ:LSTR).And we go deep intoStarbucks(NASDAQ:SBUX)and explore the valuation of bothMastercard(NYSE:MA) andNetflix(NASDAQ:NFLX).
- [By Max Byerly]
Luna Stars (CURRENCY:LSTR) traded up 1.2% against the US dollar during the one day period ending at 19:00 PM E.T. on March 9th. During the last seven days, Luna Stars has traded up 2.2% against the US dollar. Luna Stars has a market cap of $785,041.00 and $55.00 worth of Luna Stars was traded on exchanges in the last day. One Luna Stars token can now be purchased for $0.0001 or 0.00000001 BTC on popular cryptocurrency exchanges including Cobinhood and Coinrail.
Top Clean Energy Stocks To Buy Right Now: Guggenheim S&P Global Water ETF (CGW)
Guggenheim S&P Global Water Index ETF (the Fund), formerly Claymore S&P Global Water Index ETF seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water NR Index. The S&P Global Water NR Index consists of approximately 50 equity securities selected based on investment and other criteria, from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor’s Capital IQ industry classification. The Fund will invest at least 90% of its total assets in common stock and American depositary receipts that comprise the Index depositary receipts representing common stocks included in the Index. The Fund’s investment advisor is Guggenheim Funds Investment Advisors, LLC.
- [By Logan Wallace]
Jane Street Group LLC bought a new stake in shares of Invesco S&P Global Water Index ETF (NYSEARCA:CGW) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 209,583 shares of the company’s stock, valued at approximately $7,019,000.
Top Clean Energy Stocks To Buy Right Now: China Petroleum & Chemical Corporation(SNP)
China Petroleum & Chemical Corporation engages in the exploration, development, production, and marketing of crude oil and natural gas properties primarily in China. It operates 16 oil and gas production fields in China. As of December 31, 2010, the company?s estimated proved reserves of crude oil and natural gas consisted of 3,963 million barrels-of-oil equivalent comprising 2,888 million barrels of crude oil and 6,447 billion cubic feet of natural gas. It also engages in the refining of crude oil; marketing and distribution of refined petroleum products; and production and sale of petrochemical products that consist of intermediate petrochemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers, as well as owns and operates oil depots and service stations. The company was founded in 2000 and is based in Beijing, the People?s Republic of China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.
- [By Reuben Gregg Brewer]
The shares of China Petroleum & Chemical (NYSE:SNP), also known as Sinopec, rose 18% in January, according to data provided by S&P Global Market Intelligence. Not far behind were Canadian oil companies Vermilion Energy(NYSE:VET), with a global asset portfolio, and Suncor Energy (NYSE:SU), a Canadian oil sands specialist, with gains of 16% and 15%, respectively. U.S. based Noble Energy(NYSE:NBL), however, led this international quartet with a 19% leap. Noble’s portfolio is global, but it has a material position in the U.S. onshore drilling space.
- [By Todd Campbell]
The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.
Rank Company Market Cap
1 ExxonMobil $348 billion
2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion
3 Chevron (NYSE:CVX) $223 billion
4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion
5 Total SA (NYSE:TOT) $163 billion
6 BP Plc (NYSE:BP) $143 billion
7 China Petroleum (NYSE:SNP) $107 billion
8 Equinor ASA (NYSE:EQNR) $89 billion
9 ConocoPhillips (NYSE:COP) $84 billion
10 Schlumberger Ltd. (NYSE:SLB) $84 billion
Data source: Yahoo! Finance on Sept. 13, 2018.