Movers

CenterPoint Energy Maintains Full-Year Guidance

CenterPoint Energy Maintains Full-Year Guidance

CenterPoint Energy (CNP) reiterated its full-year guidance on Wednesday as it posted better-than-expected results for its fiscal second quarter, buoyed by strong performance from its utility operations. The Houston-based energy major reported revenue of $2.8 billion in the three months ended June 30, up from $2.19 billion in the corresponding quarter of the prior year. This was also ahead of […]

AbbVie Set to Acquire Botox Maker Allergan

AbbVie Set to Acquire Botox Maker Allergan

AbbVie (ABBV) said on Tuesday it will acquire Allergan (AGN), which has a portfolio of pharmaceuticals including Botox skin treatment and CoolSculpting for fat loss in a $63 billion cash-and-stock deal. The combined company will have a combined 2019 revenue of about $48 billion and will have leading positions in health sectors including immunology, neuroscience, women’s health and eye care, […]

Parsley Energy ‘Attractive’ for Any Type of Buyer, Says CEO

Parsley Energy ‘Attractive’ for Any Type of Buyer, Says CEO

Parsley Energy (PE) will be “attractive” for any potential buyer as the company expects to generate positive free cash flow in H2, Bloomberg reported on Friday, citing CEO Matt Gallagher. “We are attractive for purchasers whatever type of investor it is,” Gallagher said in a phone interview with Bloomberg on Thursday. He declined to say if the US shale driller […]

Crude Ends Week Lower as IEA Cuts Demand Growth Projections, Outweighing Risk of Oil Flow Choking in Middle East

Crude Ends Week Lower as IEA Cuts Demand Growth Projections, Outweighing Risk of Oil Flow Choking in Middle East

Crude oil fell this week after the International Energy Agency projected slower-than-expected growth in demand in the second quarter, outweighing the impact on prices this week of attacks on two oil tankers in the Strait of Hormuz, a passage on the south coast of Iran to almost a fifth global oil flows. West Texas Intermediate futures rose by 0.6% to […]

Financial Stocks Outperforming Most Sectors

Financial Stocks Outperforming Most Sectors

Top Financial Stocks JPM +2.56% BAC +4.16% WFC +2.2% C +4.30% USB +2.11% Financial stocks were advancing in afternoon trading, including a 1.5% gain for the NYSE Financial Index while shares of financial companies in the S&P 500 were ahead over 2.0%. The Philadelphia Housing Index also was rising 1.2%. Among financial stocks moving on news: (-) Ventas (VTR) fell […]

Enphase Energy Prices $120 Million of 1% Convertible Senior Notes Due 2024

Enphase Energy Prices $120 Million of 1% Convertible Senior Notes Due 2024

Enphase Energy (ENPH), which sells home energy solutions for the solar photovoltaic industry in the US, said Friday it has priced $120 million of 1% convertible senior notes due 2024 in a private placement to qualified institutional buyers. Enphase said in a statement it has also granted the initial buyers of the notes a 13-day option to buy up to […]

Auto Industry Faces Headwinds From Possible US Tariffs on Mexico Products, RBC Says

Auto Industry Faces Headwinds From Possible US Tariffs on Mexico Products, RBC Says

The auto industry will be negatively affected by President Donald Trump’s threat to impose tariffs on goods produced in Mexico until that country’s government stops the flow of migrants illegally crossing its border with the US, RBC Capital Markets said Friday. Late Thursday, the president said he would invoke his powers under the International Emergency Economic Powers Act to impose […]

Equities Sink in Early US Session as President Trump Hits Mexico With Surprise Tariffs

Equities Sink in Early US Session as President Trump Hits Mexico With Surprise Tariffs

Stocks plunged in early trading on Friday as President Trump surprised investors by slapping new tariffs on Mexico over illegal migration, sending measures firmly into the red on the new injection of trade-related uncertainty. Late Thursday, Trump said an escalating series of tariffs on all imports from Mexico would start next month unless the southern neighbor takes steps to stop […]