Go back a year, and offshore drillers like Noble (NE), Rowan (RDC), Transocean (RIG) and Atwood Oceanics (ATW) had been all but written off–until they weren’t anymore. Since then, investors have been rewarded for picking winners in the group from the losers, as Atwood Oceanics has more than doubled, Transocean has gained 34%, and Rowan has risen 42%, while Noble and Diamond Offshore Drilling (DO) have dropped 13%.
Agence France-Presse/Getty Images
But are the days of picking stocks among offshore drillers over? Consider: Today, Jefferies analyst Eduardo Royes and team upgraded Noble to Buy and cut Rowan to Hold, clearly favoring one over the other. They explain why:
Given where we sit in the cycle, we cannot favorably recommend the group. That said, we can still see relative value (or lack thereof) in shares. We upgrade Noble to Buy as we view it as the ‘safest’ way to play offshore drilling exposure at the moment we see modest upside to shares on a DCF and relative valuation basis. Meanwhile we downgrade Rowan to Hold as despite still generating healthy free cash flow, we see risk that medium-term earnings disappoint (we’re >30% below ’18 Street EBITDA) as the ‘turn’ in jackups and ultra-deep-water markets is likely challenged from a profitability standpoint. Outside of Rowan and Noble, we skew favorably to Hold-rated Ensco (ESV) and Transocean.
Top 10 Safest Stocks For 2019: The First of Long Island Corporation(FLIC)
- [By Dividends4Life]
The First of Long Island Corporation (FLIC) operates as a bank holding company for The First National Bank of Long Island that provides financial services. Sept. 19, the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Oct. 11, 2013 to shareholders of record on October 3, 2013. The yield based on the new payout is 2.7%.
Top 10 Safest Stocks For 2019: Piedmont Natural Gas Company Inc.(PNY)
- [By WWW.KIPLINGER.COM]
Duke also recently has expanded on its natural gas efforts, and will add numerous more natural gas customers when its buy-out of Piedmont Natural Gas Company, Inc. (PNY) goes through.
Top 10 Safest Stocks For 2019: Bioanalytical Systems, Inc.(BASI)
- [By Alex McGuire]
Here’s a list of the top 10 penny stocks to watch in March, which includes the biggest gainers last month…
Penny StockCurrent Stock PriceFebruary 2017 ReturnZosano Pharma Corp. (Nasdaq: ZSAN)$2.56+123.3%Bellerophon Therapeutics Inc. (Nasdaq: BLPH)$1.25+113.8%Peregrine Pharmaceuticals (Nasdaq: PPHM)$0.59+101.7%Galectin Therapeutics Inc. (Nasdaq: GALT)$1.79+91.9%Bioanalytical Systems Inc. (Nasdaq: BASI)$1.58+90.6%CymaBay Therapeutics Inc. (Nasdaq: CBAY)$3.50+89.8%Vermillion Inc. (Nasdaq: VRML)$2.56+86.3%Naked Brand Group Inc.(Nasdaq:NAKD)$2.16+76%Eyegate Pharmaceuticals Inc. (Nasdaq: EYEG)$2.63+73.9%Benitec Biopharma Ltd. (Nasdaq ADR: BNTC)$2.60+59.9%
The best-performing penny stock – Zosano Pharma Corp. – soared an incredible 123.3% from Feb. 1 to Feb. 28. To put those gains into perspective, that’s more than five times the S&P 500’s 23% climb in the last 12 months.
- [By Lisa Levin] Related SOFO 12 Biggest Mid-Day Losers For Tuesday Earnings Scheduled For December 10, 2015
Related WSCI 15 Biggest Mid-Day Losers For Wednesday Earnings Scheduled For June 21, 2016 Companies Reporting Before The Bell
Rite Aid Corporation (NYSE: RAD) is projected to report its quarterly earnings at $0.04 per share on revenue of $8.23 billion.
Conagra Brands Inc (NYSE: CAG) is estimated to report its quarterly earnings at $0.45 per share on revenue of $2.11 billion.
Bioanalytical Systems, Inc. (NASDAQ: BASI) is expected to report earnings for the fourth quarter.
Top 10 Safest Stocks For 2019: Kindred Healthcare, Inc.(KND)
- [By Lisa Levin]
Kindred Healthcare, Inc. (NYSE: KND) shares shot up 31 percent to $7.85. Kindred Healthcare reported Q3 adjusted loss of $0.33 per share on revenue of $1.477 billion.
- [By Lisa Levin]
Tuesday afternoon, healthcare shares gained by 0.61 percent. Meanwhile, top gainers in the sector included Kindred Healthcare, Inc. (NYSE: KND), and QLT Inc. (USA) (NASDAQ: QLTI).
Top 10 Safest Stocks For 2019: 1-800 FLOWERS.COM Inc.(FLWS)
- [By Taylor Cox]
Annual Shareholder Meetings
1-800-Flowers.com, Inc (NASDAQ: FLWS)
Cicso Systems, Inc (NASDAQ: CSCO)
- [By Wayne Duggan]
U.S. retailers performed poorly during the Christmas holiday season, but companies in the Valentine’s Day business are hoping that Americans will spend generously in the name of love this year. These names include flower delivery company 1-800-Flowers.Com Inc (NASDAQ: FLWS), L Brands Inc (NYSE: LB) (owner of both Victoria’s Secret and Bath & Body Works), Church & Dwight Co., Inc. (NYSE: CHD) (owner of Trojan brand condoms), candy giant Hershey Co (NYSE: HSY) and luxury jeweler Tiffany & Co. (NYSE: TIF).
- [By Max Byerly]
1-800-Flowers (NASDAQ:FLWS) had its price target hoisted by DA Davidson from $10.00 to $11.00 in a research report sent to investors on Wednesday. The brokerage currently has a neutral rating on the specialty retailer’s stock. DA Davidson also issued estimates for 1-800-Flowers’ FY2018 earnings at $0.42 EPS, Q1 2019 earnings at ($0.24) EPS, Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at ($0.16) EPS, Q4 2019 earnings at ($0.10) EPS and FY2019 earnings at $0.54 EPS.
- [By Danny Vena]
Online florist 1-800-FLOWERS.COM(NASDAQ:FLWS) launched its chatbot to help customers place an order or connect them with a human customer service representative. The response from its consumers has been uniformly positive. It found the majority of its customers were comfortable with its bot, especially millennials.
Top 10 Safest Stocks For 2019: Evercore Partners Inc(EVR)
- [By Diane Alter]
The New York Times first reported that Frontier Airlines is prepping for an initial public offering. The Denver, Colo.-based low-cost carrier has hired Deutsch Bank (NYSE: DB), JPMorgan Chase & Co. (NYSE: JPM), and Evercore Partners Inc. (NYSE: EVR) to handle the IPO. The airline started the process late last year when it approached a number of bankers.
Top 10 Safest Stocks For 2019: Knight Transportation, Inc.(KNX)
- [By Max Byerly]
COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Anticipate Knight-Swift (KNX) Will Announce Quarterly Sales of $1.32 Billion” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at www.tickerreport.com/banking-finance/3346524/zacks-brokerages-anticipate-knight-swift-knx-will-announce-quarterly-sales-of-1-32-billion.html.
- [By ]
Knight-Swift Transportation Holdings (NYSE: KNX) completed its merger of Knight Transportation and Swift Transportation in September last year to create one of the largest operators in the FTL segment. Drivers as a percentage of total employment is among the highest in the industry, but could come down as the merged company consolidates the business.
- [By Rich Smith]
Knight Transportation (NYSE:KNX) is merging with Swift Transportation (NYSE:SWFT) to build a $5 billion trucking behemoth — and Wall Street thinks that’s a good thing.
Top 10 Safest Stocks For 2019: Euro FX(P)
- [By Steve Symington]
Shares of Pandora Media Inc. (NYSE:P) jumped 21.2% on Friday after the music-streaming specialist announced better-than-expected first-quarter 2018 results.
- [By Casey Wilson]
Mass Layoffs in 2017 No. 6, Pandora Media Inc. (NYSE: P): Even U.S. companies that deal entirely with e-commerce are struggling to cut costs.
Today (Jan. 13) Pandora announced that it would be eliminating 7% of its workforce in a move to save nearly $40 million in operating costs. The music-streaming company had 2,219 employees as of Dec. 31, according to Benchmark Monitor.
- [By Timothy Green]
Music-streaming company Pandora (NYSE:P) finally launched an on-demand subscription service in early 2017. Pandora Premium, priced at $9.99 per month, directly competes with Spotify and Apple Music. The company’s goal is to convert a significant chunk of its ad-supported listener base into subscribers. In addition to the new on-demand service, Pandora offers an ad-free version of its core internet radio experience for $4.99 per month.
- [By Chris Lange]
Pandora Media, Inc. (NYSE: P) released its most recent quarterly results after markets closed Wednesday. The company said that it had a net loss of $0.21 per share on $395.3 million in revenue, compared with consensus estimates from Thomson Reuters that called for a net loss of $0.07 per share on $376.43 million in revenue. The fourth quarter from last year had a net loss of $0.13 per share and $392.6 million in revenue.
- [By Paul Ausick]
Pandora Media Inc. (NYSE: P) dropped about 2.2% Friday to post a new 52-week low of $4.39 after closing at $4.49 on Thursday. The stock’s 52-week high is $13.72. Volume was about 6.1 million, about 40% below the daily average of around 11 million. The music streaming company had no specific news.
- [By Garrett Baldwin]
Yesterday, the Fed Open Market Committee announced it would not raise interest rates this session. The central bank committee, which is in charge of monetary policy, said that inflation is rising and that the U.S. economy is getting better. Markets are now looking forward to the next meeting on June 12 for the U.S. Federal Reserve to bump rates higher for the second time in 2018. Shares of Tesla Inc. (Nasdaq: TSLA) slumped more than 4.5% after Tesla CEO Elon Musk held an highly unusual earnings call. After announcing that his firm burned through $700 million in cash during the quarter of 2018, Musk refused to take any more questions on the company’s fiscal health, dismissing analysts’ questions as “boring.” Musk instead spent the rest of the quarterly call taking questions from a YouTuber named Gali Russell who had lobbied Musk on Twitter to let him partake in the earnings call. This morning, the U.S. Labor Department reported initial jobless claims rose by 2,000, to 211,000. Analysts had projected 225,000 for the week. The tightening U.S. labor market has now seen the total number of Americans receiving benefits fall to the lowest level since 1973. America’s unemployment rate is sitting at 4.1%, the lowest figure in 17 years. Tomorrow, the Labor Department will release the April jobs report.
Four Stocks to Watch Today: GPRO, SPOT, CI
GoPro Inc. (Nasdaq: GPRO) will lead another busy day of earnings reports on Wall Street. The firm will report earnings after the bell Thursday. Wall Street expects that the tech firm is about to report a loss of -$0.40 per share on top of $175.40 billion in revenue. Here’s a way to make a lot of money in a short time during earnings season. Spotify Technology SA(NYSE: SPOT) did not have a very good first earnings report. Shares plunged more than 8% after the firm’s music-streaming forecasts fell well short of expectations. During its earnings report, signals indicated that the firm’s growth could slow despite news that its
Top 10 Safest Stocks For 2019: Volkswagen Aktiengesellschaft (VLKAY)
- [By ]
The ‘Jolt’ investing tip of the day actually goes out to C-suite executives across the word: Always watch your back because someone is always vying for the top gig. Reading the various Volkswagen (VLKAY) CEO shake-up news, it’s pretty clear new CEO Herbert Diess undermined his now former boss Matthias M眉ller. He reportedly built up a base of support among board members and shareholders to appoint him as CEO, despite M眉ller’s success turning around VW after the emissions scandal. Crazy, but hey it’s vicious out there.
- [By WWW.THESTREET.COM]
Volkswagen AG (VLKAY) shares were under pressure Wednesday after prosecutors searched the headquarters of its Audi Group division as part of an ongoing probe into the use of ‘cheat devices’ in diesel emissions engines.
- [By Benzinga News Desk]
Not long after U.S. authorities filed sealed charges against Volkswagen’s (OTC: VLKAY) old chief executive officer, they granted the new CEO a rare safe-passage deal: Link
Top 10 Safest Stocks For 2019: Shoe Carnival, Inc.(SCVL)
- [By Lisa Levin]
On Friday, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Abercrombie & Fitch Co. (NYSE: ANF) and Shoe Carnival, Inc. (NASDAQ: SCVL).
- [By Max Byerly]
Genesco (NYSE: GCO) and Shoe Carnival (NASDAQ:SCVL) are both small-cap retail/wholesale companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, risk, profitability, earnings and institutional ownership.
- [By Lisa Levin]
Shoe Carnival, Inc. (NASDAQ: SCVL) was down, falling around 13 percent to $26.45 after the company reported weak earnings for its third quarter and lowered its annual outlook.
- [By Lisa Levin]
Shares of Shoe Carnival, Inc. (NASDAQ: SCVL) got a boost, shooting up 29 percent to $26.65 after the company reported better-than-expected results for its third quarter.