RPC Inc: A Short Squeeze in Oil Services?

Mid cap oil and gas services stock RPC Inc (NYSE: RES) is the second most shorted stock on the NYSE with short interest of 57.72% according toHighshortinterest.com. RPC Inc provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets.RPC Inc was spun off from Rollins Inc (NYSE: ROL) in 1984 when the oilfield sector was in another severe cyclical downturn.

Right now, RPC Incs technical chart is showing conflicting trend lines with shares up another 2.61% to $19.28 on Monday:

RPC Inc doesnt issue much in the way of news for investors and the shorts alike. In late April, RPC Inc announced that Q1 revenues increased 57.7% to $298.1 million due to higher activity levels, improved pricing and increasing service intensity in our Technical Services segment and more specifically our pressure pumping and downhole tools services. Net income was $3.6 million versus anet loss of $32.5 million. The CEO made extensive positive comments:

“Industry activity accelerated during the first quarter of 2017. The average U.S. domestic rig count during the first quarter of 2017 was 744, an increase of 37.0 percent compared to the same period in 2016, and a 26.3 percent increase compared to the fourth quarter of 2016. The average price of natural gas during the first quarter was $3.01 per Mcf, an increase of 54.4 percent compared to the prior year but a slight decrease compared to the fourth quarter of 2016. The average price of oil during the first quarter was $51.69 per barrel, a 17.9 percent increase compared to the prior year and a 4.9 percent increase compared to the fourth quarter of 2016. At the end of the first quarter of 2017, the U.S. domestic rig count had increased by more than 100 percent during the 10 months since the rig count’s historical low, which represents the fastest pace of industry recovery in U.S. history.

“RPC generated strong financial results in the first quarter of 2017 because we were able to meet increased demand with well-maintained equipment, staffed with trained crews, and supported by strong logistical processes. In particular, the continued trend of increasing service intensity of completion activities generated strong demand this quarter especially in our Technical Services segment and pressure pumping in particular. Because of continued indications of high demand and improved pricing during the near term, we began to reactivate idle pressure pumping equipment at the end of the first quarter. We will continue to reactivate our idle pressure pumping fleet based on customer demand. The financial performance of Support Services and our other Technical Services lagged that of pressure pumping during the first quarter, due in part to continued high supply of service equipment, as well as completion delays caused by shortages of skilled personnel.

“We ended the first quarter of 2017 in a strong financial position with $104.5 million in cash. The decline in our cash balance during the quarter resulted from increased working capital requirements of higher activity levels and $11.7 million in capital expenditures, directed towards routine maintenance of existing equipment. We currently forecast modest capital expenditures during the remainder of 2017, and believe that our existing cash balance and projected operating cash flows will be adequate for our cash needs during the remainder of this year.

It would appear the easy money to be made from shorting oil and gas services stocks would be over with and a short squeeze is far more likely at this point in time.

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(Bloomberg) — The man tasked with shepherding Aflac Inc.’s $110 billion portfolio is ready to make a wager on private equity to generate more income for the insurer.

The firm plans to bet on alternatives including private equity later this year, according to Chief Investment Officer Eric Kirsch. That follows a move last month to invest in real estate undergoing change such as renovations or upgrades, and aligns with Kirsch’s goal to have at least 2.5% of the insurer’s cash invested in growth assets, such as public equities, private equity and real estate.

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

American Equity is cutting; Prudential wonders if it can; FBL wishes it could cut more.

Top 10 Insurance Stocks To Invest In 2019: Aon Corporation(AON)

Advisors’ Opinion:

  • [By Shane Hupp]

    BB&T Securities LLC raised its holdings in Aon PLC (NYSE:AON) by 6.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,068 shares of the financial services provider’s stock after purchasing an additional 1,352 shares during the period. BB&T Securities LLC’s holdings in AON were worth $3,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on AON (AON)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    CorVel (NASDAQ: CRVL) and AON (NYSE:AON) are both business services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, institutional ownership, dividends, profitability, analyst recommendations, earnings and valuation.

Top 10 Insurance Stocks To Invest In 2019: W.R. Berkley Corporation(WRB)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Gilder Gagnon Howe & Co. LLC cut its holdings in W. R. Berkley Corp (NYSE:WRB) by 6.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,225 shares of the insurance provider’s stock after selling 4,153 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 0.05% of W. R. Berkley worth $4,433,000 at the end of the most recent quarter.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on W. R. Berkley (WRB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    W. R. Berkley Corp (NYSE:WRB) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $69.33.

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on W. R. Berkley (WRB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    ValuEngine cut shares of W. R. Berkley (NYSE:WRB) from a buy rating to a hold rating in a report released on Monday morning.

    WRB has been the topic of a number of other research reports. Bank of America cut shares of W. R. Berkley from a neutral rating to an underperform rating and set a $74.00 target price on the stock. in a report on Thursday, June 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of W. R. Berkley from a buy rating to a hold rating in a report on Tuesday, February 20th. Boenning Scattergood restated a hold rating on shares of W. R. Berkley in a report on Wednesday, April 25th. Finally, Goldman Sachs Group started coverage on shares of W. R. Berkley in a report on Monday. They set a sell rating and a $74.00 target price on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. W. R. Berkley currently has a consensus rating of Hold and a consensus price target of $70.78.

Top 10 Insurance Stocks To Invest In 2019: American International Group Inc.(AIG)

Advisors’ Opinion:

  • [By Lee Jackson]

    American International Group Inc. (NYSE: AIG) was only a DJIA member for four years when it was removed on September 22, 2008. In an ironical twist, AIG was replaced with Kraft Foods, which only lasted about four years on the index. AIG was removed during the credit and mortgage crisis and was ejected after the government propped up the insurer with stimulus funds. The shares closed most recently at $55.43.

  • [By Logan Wallace]

    Sentry Investment Management LLC lessened its holdings in American International Group (NYSE:AIG) by 8.6% during the first quarter, HoldingsChannel reports. The firm owned 64,968 shares of the insurance provider’s stock after selling 6,147 shares during the quarter. Sentry Investment Management LLC’s holdings in American International Group were worth $3,536,000 at the end of the most recent reporting period.

  • [By ]

    Insurance company American International Group Inc. (AIG) stock fell 5.3% as harsh winter weather weighed on profits. But the company’s long-term care exposure is relatively minimal.

  • [By Lisa Levin]

     

    Losers
    Heat Biologics, Inc. (NASDAQ: HTBX) shares tumbled 48.59 percent to close at $1.275 on Thursday after the company priced its $18,000,000 public offering.
    InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) fell 38.77 percent to close at $8.26 on Thursday.
    Check-Cap Ltd. (NASDAQ: CHEK) shares tumbled 27.43 percent to close at $8.81.
    Achaogen, Inc. (NASDAQ: AKAO) dropped 24.76 percent to close at $11.06 in reaction to a disappointing update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections.
    Anika Therapeutics, Inc. (NASDAQ: ANIK) shares declined 24.68 percent to close at $34.80 after the company posted downbeat quarterly results.
    LSC Communications, Inc. (NASDAQ: LKSD) shares fell 24.22 percent to close at $12.64 following wider-than-expected Q1 loss.
    Cardinal Health, Inc. (NYSE: CAH) fell 21.42 percent to close at $50.80 following downbeat quarterly profit.
    Horizon Global Corporation (NYSE: HZN) dropped 20.42 percent to close at $6.00 following downbeat quarterly earnings.
    Hornbeck Offshore Services, Inc. (NYSE: HOS) slipped 20.11 percent to close at $2.90 following wider-than-expected Q1 loss.
    Esperion Therapeutics, Inc. (NASDAQ: ESPR) fell 19.28 percent to close at $36.93. Esperion Therapeutics stock lost roughly a third of its value Wednesday after the company reported mixed Phase III results for its leading drug candidate, bempedoic acid. JP Morgan downgraded Esperion Therapeutics from Neutral to Underweight.
    Laredo Petroleum, Inc. (NYSE: LPI) declined 17.77 percent to close at $8.98 after the company reported weaker-than-expected Q1 earnings.
    The Habit Restaurants, Inc. (NASDAQ: HABT) dipped 16.1 percent to close at $8.60 after the company reported downbeat quarterly results.
    Arcadia Biosciences, Inc. (N

  • [By Max Byerly]

    Get a free copy of the Zacks research report on American International Group (AIG)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    American International Group Inc (NYSE:AIG) announced a quarterly dividend on Thursday, August 2nd, RTT News reports. Stockholders of record on Monday, September 17th will be paid a dividend of 0.32 per share by the insurance provider on Friday, September 28th. This represents a $1.28 annualized dividend and a dividend yield of 2.32%.

Top 10 Insurance Stocks To Invest In 2019: Prudential Financial Inc.(PRU)

Advisors’ Opinion:

  • [By Zacks]

    Well, given the growing demand for securitized mortgage deals, Barclays plans to package and sell these Irish loans over the next two months. The group of investors that has shown interest in buying residential mortgage backed securities includes M&G Investments, the investment management division of British insurer Prudential Plc (NYSE: PRU) and Pacific Investment Management Co. ("PIMCO").

  • [By Jason Hall, Chuck Saletta, and Reuben Gregg Brewer]

    But that doesn’t mean you need to make risky bets to capture solid returns, either, and buying solid companies at reasonable prices can help create a margin of safety and improve your returns, while also decreasing your risk of permanent losses. Three stocks that meet these criteria are small healthcare real-estate specialistCaretrust REIT Inc(NASDAQ:CTRE), financial services giantPrudential Financial Inc(NYSE:PRU), and energy behemothExxonMobil Corporation(NYSE:XOM).

  • [By Ethan Ryder]

    American Equity Investment Life (NYSE: AEL) and Prudential Financial (NYSE:PRU) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, risk, analyst recommendations, profitability, dividends and valuation.

  • [By Max Byerly]

    Flippin Bruce & Porter Inc. grew its holdings in shares of Prudential Financial (NYSE:PRU) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,363 shares of the financial services provider’s stock after acquiring an additional 1,391 shares during the period. Flippin Bruce & Porter Inc.’s holdings in Prudential Financial were worth $6,354,000 as of its most recent SEC filing.

  • [By Shane Hupp]

    NN Investment Partners Holdings N.V. increased its holdings in Prudential Financial Inc (NYSE:PRU) by 0.1% during the 2nd quarter, Holdings Channel reports. The firm owned 2,197,076 shares of the financial services provider’s stock after buying an additional 2,780 shares during the period. Prudential Financial accounts for approximately 1.5% of NN Investment Partners Holdings N.V.’s portfolio, making the stock its 10th largest position. NN Investment Partners Holdings N.V.’s holdings in Prudential Financial were worth $205,450,000 at the end of the most recent reporting period.

  • [By Chuck Saletta]

    Prudential Financial (NYSE:PRU) takes such pride in its rock-solid financial condition that it uses an actual rock — the Rock of Gibraltar– as its corporate symbol. Prudential Financial backs up that claim with a balance sheet that has more cash, cash equivalents, and short-term investmentsthan total debt on it. It also claims a debt-to-equity ratio around 0.6 and a current ratio around 1.0, which are further signs of a solid financial condition.

Top 10 Insurance Stocks To Invest In 2019: Topdanmark A/S (TOP)

Advisors’ Opinion:

  • [By Logan Wallace]

    TopCoin (CURRENCY:TOP) traded down 15.4% against the dollar during the 1-day period ending at 7:00 AM E.T. on June 21st. During the last seven days, TopCoin has traded up 4% against the dollar. TopCoin has a market cap of $0.00 and approximately $123.00 worth of TopCoin was traded on exchanges in the last day. One TopCoin coin can currently be bought for about $0.0010 or 0.00000015 BTC on popular exchanges.

Top 10 Insurance Stocks To Invest In 2019: Principal Financial Group Inc(PFG)

Advisors’ Opinion:

  • [By WWW.GURUFOCUS.COM]

    For the details of Stilwell Value LLC’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Stilwell+Value+LLC

    These are the top 5 holdings of Stilwell Value LLCOFG Bancorp (OFG) – 1,614,868 shares, 14.1% of the total portfolio. Kingsway Financial Services Inc (KFS) – 3,780,889 shares, 12.63% of the total portfolio. HopFed Bancorp Inc (HFBC) – 627,128 shares, 7.62% of the total portfolio. Alcentra Capital Corp (ABDC) – 1,251,324 shares, 7.27% of the total portfolio. Shares added by 20.66%Sound Financial Bancorp Inc (SFBC) – 228,600 shares, 7.02% of th

  • [By Max Byerly]

    Shore Capital reissued their hold rating on shares of Provident Financial (LON:PFG) in a report issued on Thursday.

    PFG has been the subject of several other reports. Liberum Capital reissued a sell rating and set a GBX 483 ($6.48) price objective on shares of Provident Financial in a research note on Monday, February 26th. Peel Hunt reissued a hold rating and set a GBX 870 ($11.67) price objective on shares of Provident Financial in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reduced their price objective on Provident Financial from GBX 1,100 ($14.76) to GBX 750 ($10.06) and set a neutral rating for the company in a research note on Thursday, May 10th. Barclays reissued an underweight rating and set a GBX 584 ($7.84) price objective on shares of Provident Financial in a research note on Wednesday, January 31st. Finally, Societe Generale lowered Provident Financial to a hold rating and set a GBX 1,050 ($14.09) price objective for the company. in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Provident Financial presently has a consensus rating of Hold and a consensus price target of GBX 1,190.14 ($15.97).

  • [By Logan Wallace]

    Provident Financial plc (LON:PFG) has received a consensus recommendation of “Hold” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,244.33 ($16.57).

Hot Safest Stocks To Watch Right Now

President Trump took credit Tuesday for “the safest year on record” for U.S. air travel, touting zero deaths in 2017. But there actually haven’t been any deaths on a U.S. passenger airline in nearly nine years.

Still, the president took credit for the safety record in a tweet.

“Since taking office I have been very strict on Commercial Aviation. Good news — it was just reported that there were Zero deaths in 2017, the best and safest year on record!”

There were fatal crashes of commercial planes last year, but they all involved non-U.S. carriers operating overseas. Even after taking those crashes into account, 2017 was still the safest year on record for air travel worldwide.

Since taking office I have been very strict on Commercial Aviation. Good news – it was just reported that there were Zero deaths in 2017, the best and safest year on record!

— Donald J. Trump (@realDonaldTrump) January 2, 2018

The last fatal accident involving a commercial U.S. passenger airline flight was in February 2009, when Colgan Air 3407 crashed in wintery conditions while on approach in Buffalo, killing 49 aboard and one person on the ground.

Hot Safest Stocks To Watch Right Now: BioCryst Pharmaceuticals Inc.(BCRX)

Advisors’ Opinion:

  • [By Brian Feroldi]

    Shares ofIdera Pharmaceuticals (NASDAQ:IDRA), a clinical-stage biopharma focused on oncology and rare diseases, fell 16% as of 2:20 p.m. EDT on Wednesday after itsproposedmerger with BioCryst Pharmaceuticals (NASDAQ:BCRX) was called off. Shares of BioCryst were up about 1% on the news.

  • [By Logan Wallace]

    BidaskClub upgraded shares of BioCryst Pharmaceuticals (NASDAQ:BCRX) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.

  • [By Steve Symington]

    Shares of Idera Pharmaceuticals fell 20.4% after the biotech company announced the termination of its planned merger with BioCryst Pharmaceuticals (NASDAQ:BCRX).

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on BioCryst Pharmaceuticals (BCRX)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on BioCryst Pharmaceuticals (BCRX)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Hot Safest Stocks To Watch Right Now: State Bank Financial Corporation.(STBZ)

Advisors’ Opinion:

  • [By Logan Wallace]

    State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.26% and a net margin of 18.77%. The firm had revenue of $68.16 million during the quarter, compared to the consensus estimate of $65.00 million. analysts expect that State Bank Financial will post 2.18 EPS for the current year.

    TRADEMARK VIOLATION WARNING: “Analysts Set State Bank Financial (STBZ) PT at $34.00” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3379591/analysts-set-state-bank-financial-stbz-pt-at-34-00.html.

    State Bank Financial Company Profile

Hot Safest Stocks To Watch Right Now: HSBC Holdings PLC (HSBA)

Advisors’ Opinion:

  • [By Joseph Griffin]

    HSBC (LON:HSBA) had its target price lowered by equities research analysts at Shore Capital from GBX 721 ($9.60) to GBX 625 ($8.32) in a report issued on Tuesday. The brokerage presently has a “sell” rating on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 14.71% from the company’s previous close.

  • [By Ethan Ryder]

    HSBC (LON:HSBA) had its price target dropped by equities research analysts at Citigroup from GBX 810 ($10.78) to GBX 800 ($10.65) in a report released on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target points to a potential upside of 9.59% from the stock’s previous close.

Hot Safest Stocks To Watch Right Now: ClearSign Combustion Corporation(CLIR)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Press coverage about Clearsign Combustion (NASDAQ:CLIR) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clearsign Combustion earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.3610235421976 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

  • [By Stephan Byrd]

    Headlines about Clearsign Combustion (NASDAQ:CLIR) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Clearsign Combustion earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.3826189369742 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Hot Safest Stocks To Watch Right Now: A-Mark Precious Metals, Inc.(AMRK)

Advisors’ Opinion:

  • [By Lisa Levin]

     

    Companies Reporting After The Bell
    Marriott International, Inc. (NASDAQ: MAR) is projected to post quarterly earnings at $1.22 per share on revenue of $5.72 billion.
    Electronic Arts Inc. (NASDAQ: EA) is estimated to post quarterly earnings at $1.04 per share on revenue of $5.68 billion.
    The Walt Disney Company (NYSE: DIS) is projected to post quarterly earnings at $1.68 per share on revenue of $14.05 billion.
    Papa John's International, Inc. (NASDAQ: PZZA) is expected to post quarterly earnings at $0.62 per share on revenue of $441.73 million.
    Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is projected to post quarterly earnings at $2.77 per share on revenue of $434.87 million.
    Sun Life Financial Inc. (NYSE: SLF) is estimated to post quarterly earnings at $0.89 per share on revenue of $6.38 billion.
    LATAM Airlines Group S.A. (NYSE: LTM) is expected to post quarterly earnings at $0.16 per share on revenue of $2.70 billion.
    Liberty Global plc (NASDAQ: LBTYA) is projected to post quarterly earnings at $0.02 per share on revenue of $4.05 billion.
    TripAdvisor, Inc. (NASDAQ: TRIP) is expected to post quarterly earnings at $0.16 per share on revenue of $362.11 million.
    The Wendy's Company (NASDAQ: WEN) is projected to post quarterly earnings at $0.1 per share on revenue of $379.98 million.
    A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is expected to post quarterly earnings at $0.06 per share on revenue of $1.69 billion.
    Monster Beverage Corporation (NASDAQ: MNST) is estimated to post quarterly earnings at $0.4 per share on revenue of $849.38 million.
    Convergys Corporation (NYSE: CVG) is expected to post quarterly earnings at $0.4 per share on revenue of $670.10 million.
    ScanSource, Inc. (NASDAQ: SCSC) is projected to post quarterly earnings at $0.7 per share on revenue of $875.91 million.
    KAR Auction Services, Inc. (NYSE: KAR) is expected to post quarterly earnings at $0.76 per share on revenue of $923.13

Hot Safest Stocks To Watch Right Now: Comp En De Mn Cemig ADS(CIG)

Advisors’ Opinion:

  • [By Logan Wallace]

    CEMIG (NYSE:CIG) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.80.

  • [By Ethan Ryder]

    These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

    Get VBI Vaccines alerts:

    50 days simple moving average (SMA50) Evaluation: VBI Vaccines Inc. (NASDAQ:VBIV), Cigna Corporation (NYSE:CI … (stocksnewspoint.com) Year-to-date (YTD) under Review Companhia Energetica de Minas Gerais SA (NYSE:CIG), VBI Vaccines Inc … (stocksnewspoint.com) Investors Focused Healthcare Stock: VBI Vaccines Inc. (VBIV) (nasdaqplace.com) Have an eye on: Companhia de Saneamento Basico do Estado de Sao Paulo SABESP (NYSE:SBS), VBI Vaccines … (journalfinance.net) Should You Have this stock in Your Portfolio? VBI Vaccines Inc. (VBIV) (connectinginvestor.com)

    VBIV has been the subject of several research analyst reports. Zacks Investment Research lowered shares of VBI Vaccines from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Noble Financial reaffirmed a “buy” rating on shares of VBI Vaccines in a research report on Friday, March 23rd. BMO Capital Markets increased their price objective on shares of VBI Vaccines from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, May 10th. Finally, ValuEngine raised shares of VBI Vaccines from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.42.

  • [By Stephan Byrd]

    CEMIG (NYSE:CIG) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 10,718,816 shares, a growth of 174.6% from the May 31st total of 3,903,277 shares. Based on an average daily volume of 6,056,542 shares, the short-interest ratio is presently 1.8 days.

‘Call of Duty’ Will Drive Activision Blizzard, Inc. Stock to New Highs

Activision Blizzard, Inc. (NASDAQ:ATVI) has more games than just Call of Duty. However, this blockbuster franchise just released a new game weeks before the holidays. Obviously, this was not a coincidence and should drive sales significantly higher. What does that mean for the ATVI stock price?

'Call of Duty' Will Drive Activision Blizzard, Inc. (ATVI) Stock to New HighsSource: Shutterstock

Call of Duty sales topped $500 million within the first three days of the latest game’s release. While the reviews on Amazon.com, Inc. (NASDAQ:AMZN) aren’t stellar — 3 stars out of 5 for the Microsoft Corporation (NASDAQ:MSFT) Xbox One version and 3.5 stars out of 5 for the Sony Corp (ADR) (NYSE:SNE) Playstation 4 edition — I have no doubt sales will fly throughout Black Friday, Cyber Monday and in the weeks leading up to Christmas Day.

Will Call of Duty WWII go down as a disappointment? I think the real question is: will it matter? Sales will still be robust and, in my view, too many investors are still overlooking how a strong economy will impact the holidays. While the holidays have been strong over the last few years, this year seems different. There’s finally some confidence things will be good for a while. And when consumers have confidence, they loosen up the wallet.

While more than video games are on the list, expect Electronic Arts Inc. (NASDAQ:EA) to sell a lot of Madden, Take Two Interactive Software Inc (NASDAQ:TTWO) to sell plenty of NBA 2K and Activision to sell a boatload of Call of Duty.

What Else Is There?

One of the most popular games in the world — World of Warcraft — is also an Activision product and the company also produces Destiny, one of the most popular franchises to have launched recently. In fact, Destiny became the most successful launch in Activision’s history.

Call me crazy, but in a way I view Activision a bit like Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) or Apple Inc. (NASDAQ:AAPL). There are stark differences to be sure, but these successful companies all employ similar strategies. They develop a workhorse product or products — the iPhone, iPad and Mac, for instance, or search and advertising in the case of Alphabet — then they have “other bets” (as Alphabet calls them) that have strong growth and will hopefully pay off in the long-term.

Activision’s workhouses include Call of Duty, World of Warcraft and Destiny. Year in and year out it can count on those sales to drive its top and bottom lines. That allows the company flexibility in future endeavors.

For instance, its acquisition of King Digital allows Activision to further push into mobile gaming. The gamemaker, known for Candy Crush, gives ATVI a blueprint to succeed in mobile gaming, where many kids get their start with an iPad or tablet at just a few years old.

Another outlet is e-sports. While this has yet to gain traction among investors, e-sports is quietly becoming a very noteworthy industry. Sponsors, leagues and collegiate scholarships are happening right now and with its Overwatch League and Major League Gaming (MLG) organizations, Activision is a leader in this emerging trend. That should continue for years to come and have large implications for ATVI’s business.

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The Bottom Line on ATVI Stock

chart of ATVI stock price
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We’ve talked a lot about Call of Duty, Destiny and e-sports. All three (and many more, to be honest) will help drive ATVI’s fourth-quarter results higher. The anticipation of a strong holiday should help push the ATVI stock price to new highs.

Since breaking through $61 in July, the $61 to $67 range has held steady. While ATVI stock price is up a robust 82% so far this year, shares have actually done a good job consolidating near current levels, which gives us something to trade against.

I have been bullish on ATVI stock in the past, even recently saying a buy in the low $60s may be your best bet at getting in the stock now. Should ATVI stock price push through $67, it could trigger a breakout. Currently near $66, chasing it now risks $67 holding firm as resistance and ATVI falling lower. Let’s either wait for a breakout over $67 or for a pullback into the low $60s.

Admittedly, trading with a forward price-to-earnings ratio of roughly 25 is not cheap — particularly with just 6% revenue growth and forecasts for 15% earnings growth in 2018. However, Activision is the leader in a secular growth industry and should continue to do well in the future.

Using the support and breakout levels noted above help us limit our risk and maximize our reward. Further, a “basket approach” with EA, ATVI and TTWO could help limit individual exposure to any one company.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.

Norwood Financial (NWFL) Receiving Somewhat Critical Media Coverage, Analysis Finds

Media headlines about Norwood Financial (NASDAQ:NWFL) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Norwood Financial earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.6420547965898 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of NASDAQ:NWFL traded up $2.47 during midday trading on Friday, reaching $34.99. The company’s stock had a trading volume of 25,369 shares, compared to its average volume of 8,483. The company has a market cap of $218.79 million, a P/E ratio of 18.29 and a beta of 0.13. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.29. Norwood Financial has a 1 year low of $25.37 and a 1 year high of $35.72.

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Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Friday, April 20th. The financial services provider reported $0.50 EPS for the quarter. The business had revenue of $10.50 million during the quarter. Norwood Financial had a return on equity of 10.37% and a net margin of 19.23%.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Stockholders of record on Friday, July 13th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, July 12th.

In other news, insider John H. Sanders sold 1,650 shares of Norwood Financial stock in a transaction on Monday, May 7th. The stock was sold at an average price of $29.79, for a total value of $49,153.50. Following the completion of the sale, the insider now owns 1,650 shares of the company’s stock, valued at $49,153.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lewis J. Critelli acquired 900 shares of the stock in a transaction dated Wednesday, April 25th. The stock was acquired at an average cost of $30.25 per share, with a total value of $27,225.00. Following the transaction, the chief executive officer now owns 18,551 shares of the company’s stock, valued at $561,167.75. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 5,750 shares of company stock valued at $173,825. Company insiders own 6.40% of the company’s stock.

Norwood Financial Company Profile

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. It accepts a range of deposit products, such as interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits and individual retirement accounts.

Insider Buying and Selling by Quarter for Norwood Financial (NASDAQ:NWFL)