Oil futures rose slightly on Wednesday, building on a weeks of gains ahead of a looming decision on output cuts by major producers and prospects of falling U.S. supplies.
The American Petroleum Institute, a private industry group, said late Tuesday in the U.S. that crude and gasoline stockpiles declined last week. Drops are also anticipated to be seen in later Wednesdays government report.
F5 Networks (FFIV) tumbled to the bottom of the S&P 500 today after getting cut to Sell from Hold at Deutsche Bank.
F5 Networksdropped 3.4% to $142.10 today, while the S&P 500 ticked up 0.1% to 2,361.13.
Deutsche Bank’s Vijay Bhagavath wrote that he expects F5′s Product and Services revenues to decelerate in FY18 based on secular headwinds,....More>>>
For the third time in five years, the U.S. dollar will influence the overall growth and market share positions of the semiconductor equipment sector. Two factors come into play: (1) the strong U.S. Dollar, particularly against a weak Yen, is making U.S. equipment more expensive and (2) the conversion of foreign supplier’s sales to the strong U.S. Dollar, because market shares are compiled....More>>>
When Warren Buffett speaks, people listen. Being the richest man and being considered the greatest investor of modern times makes people care. Now that Berkshire Hathaway Inc. (NYSE: BRK-A) is out with its annual report and annual letter for 2016, 24/7 Wall St. has broken out many of the top gems from the report.
Of course,the full report if far more in-depth, and this is just a look at some....More>>>
Stocks looked to be headed for a sixth straight drop–and then decided not to fall after all.
The S&P 500 rose 0.3% to 2,077.99 today, while the Dow Jones Industrial Average gained 92.93 points, or 0.5%, to 17,733.10. The Nasdaq Composite advanced 0.2% today to 4,844.91.
RBC’s Robert Sluymer and Chris Tevere say “US stocks appears....More>>>