Antero Midstream IPO Hauls in $1B, Stock Trading HighAmidst the flurry of news about third quarter updates, we almost overlooked one important piece of news about Marcellus/Utica driller Antero Resources. As you may recall, Antero floated an initial public offering (IPO) of stock last year hoping to raise $1.4 billion. They got $1.57 billion (see Antero’s IPO Fetches $1.57B, Company […]
3 Biotech Stocks for Earnings Beats this SeasonEven a quarter back, tax inversion deals were quite a rage among most of the U.S. based biotech firms. However, these tax dodging strategies have fallen apart ever since the U.S. Department of Treasury issued a notice related to tax inversion deals. We have seen AbbVie Inc. ( ABBV ) calling off its […]
Last week, earnings remained in focus with several companies reporting their third quarter results. While AbbVie’s (ABBV – Analyst Report) results remained strong with the company raising its outlook, companies like Regeneron (REGN – Analyst Report) and Aegerion (AEGR – Analyst Report) narrowed their sales outlooks for their key products.Among all this, Geron (GERN – Analyst Report) made it to […]
It was all about earnings last week with several biotech companies reporting third quarter results. While it was a “beat and raise” quarter for quite a few companies, some companies narrowed their outlooks for the year.Recap of the Week’s Most Important Stories1. Companies like Celgene (CELG – Analyst Report), Biogen (BIIB – Analyst Report), Alexion (ALXN – Analyst Report), Cubist […]
The Ebola virus has landed in the United States, after Thomas Eric Duncan flew from Liberia to Texas. He was released by a hospital in Dallas, despite telling hospital staff that he came from Liberia. He came in contact with up to 20 people, including 5 schoolchildren since touching down in Dallas. The CDC is monitoring these people, but I have […]
You have to wonder why a startup is named after an English folklore hero who stole from the rich to give to the poor.For the founders of Robinhood, the inspiration came from the fees that stock brokerage firms charge their customers simply for making trades. To fight these fees, the company announced today that it has raised $13 million in […]
Half a million people have already signed up for Robinhood‘s unlaunched zero-fee stock trading service. Now the startup has raised $13 million to hire talent to make its app totally secure so it can start adding people from its private beta waitlist.Unlike competitors E*Trade and Scottrade that charge people $7 to $10 per trade, Robinhood doesn’t need to spend money […]
The 4 Stocks That Steered the Market
By Paul Ausick September 3, 2014 4:01 pm EDT
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September 3, 2014: Markets opened higher on Wednesday following a report — later said to be inaccurate — of a cease-fire in Ukraine. Equities have drifted lower all day. The Federal Reserve’s Beige Book was released this afternoon, weighing shares down even more, led by weakness […]
Volatility often gets a bad rap, but many short-term traders actually seek it out. Over the last 30 days these four stocks have averaged moves of more than 5% per day, offering big short-term potential for those willing to take on the risk. While investors and big funds are also trading and speculating in these stocks, with the current volatility these […]
Benchmarks began September mostly in the red after a drop in crude oil prices impacted the energy sector. The day’s upbeat manufacturing data was overshadowed by the fall in crude prices. The S&P 500 lost initial gains, but was able to settle above the 2k mark.For a look at the issues currently facing the markets, make sure to read today’s […]
