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NASDAQ Bubbles to Record High on Dot.Com

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25 Apr 2015 @ 17:36

Fifteen years ago, in 2000, the sages warned that the dot.com bubble was going to burst. They were right. It did. I don’t remember them saying that it would come bubbling back in 2015. But it did – yesterday. Some may want to call it by a different name, but when the NASDAQ (NASDAQI:COMPX) rose to a record high of 5,092.09, it was dot.com companies that put the air in the bubble. What’s Going On? One equity strategist observed that, “The situation is quite different from 15 years ago during the IT bubble. Growth evolution is really positive for IT stocks, because you have some good ideas and good evolution related to big data and cloud computing.” Another strategist declared …

 

Kaiser Aluminum announces preliminary Q1 2015 financial Info

23 Apr 2015 @ 23:41
Kaiser Aluminum Terminates Defined Benefit Accounting With Respect to the Union VEBA and Removes the Related Net Assets From Its Balance Sheet Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that, as a result of the definitive expiration of its obligation to make annual variable contributions to the union voluntary employees’ beneficiary association (the “Union...
 

BP agrees sale of Central Area Transmission System (CATS)

23 Apr 2015 @ 23:36
Sale to Antin Infrastructure Partners BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS. The agreement comprises a payment on completion of £302 million ($453 million) and a deferred amount of £22 million ($33...
 

Hancock reports Q1 2015 results

23 Apr 2015 @ 23:28
Operating Results Stable; Impacted by Seasonality and Energy Cycle Hancock Holding Company (Nasdaq:HBHC) today announced its financial results for the first quarter of 2015. Operating income for the first quarter of 2015 was $44.7 million, or $.55 per diluted common share, compared to $46.4 million, or $.56, in the fourth quarter of 2014. Operating income was $49.1 million, or $.58, in the...
 

Caterpillar Earnings Up More Than 20%

23 Apr 2015 @ 15:30
The New York Stock Exchange is still waiting for the opening bell as I commence this story, but Caterpillar (NYSE:CAT) is already up 2.7% in pre-market trading as the company reported an earnings of increase just in excess of 20%  at $1.1 billion and a diluted profit per common share of $1.81, up 26% from $1.44 year-on-year. CAT shares closed yesterday at 84.87, but were already at 87.16 by...
 

Earnings give a push to the S&P 500

23 Apr 2015 @ 12:33
The S&P 500 benchmark US stock index climbed by 0.51% on Wednesday led by financials, technology and telecoms. Other US indices also rose with the Dow Jones Industrial Average gaining 0.49% and the Nasdaq advancing by 0.42%. Overall, there were some interesting moves on Wednesday with some nice gains and some equally nasty losses. FMC Technologies had one of it’s better days of the year...
 

Nyota Minerals - second licence issued at Ivrea nickel-copper project in Italy

22 Apr 2015 @ 22:32
Ivrea Project: Second Exploration Permit Issued Nyota Minerals Limited (LSE:NYO) has announced that a second exploration permit at the Ivrea Project in the Piemonte Region of Italy has been issued to KEC Exploration Pty. Nyota announced on 10 February 2015 that it had entered into a binding agreement for the acquisition of 70% of KEC. The receipt of the second permit triggers the payment of...
 

Northrop Grumman releases fresh X-47B unmanned aircraft details

22 Apr 2015 @ 22:28
what can the new piece of kit do? Northrop Grumman Corporation (NYSE:NOC) and the U.S. Navy successfully demonstrated fully autonomous aerial refueling (AAR) with the X-47B Unmanned Combat Air System Demonstration (UCAS-D) aircraft today, marking the first time in history that an unmanned aircraft has refueled in-flight. This is another historic aviation milestone for the X-47B, which in 2013...
 

Northcote lays out share details

22 Apr 2015 @ 22:25
Issue of equity and consideration shares Northcote Energy (LSE:NCT) has announced that further to the announcement of 12 February 2015 it has now issued the 1,266,074,005 consideration shares to North American Petroleum and furthermore has issued applied for 102,042,482 new ordinary shares to be issued in settlement of directors remuneration and consultancy costs. NAPP completion Following the...
 

What if BP's Dudley is Right?

22 Apr 2015 @ 20:19
The share price of BP (LSE:BP.) closed marginally down (0.05%) at 479.75 after reaching 484.20 in intraday trading, up at the point by 0.875%. BP continues to trade nearer to the low end of its 52 week range if 364.40 to 526.80. But today’s story is not so much about its share price activity today as it is about what CEO Bob Dudley said at the IHS CERAweek forum in Houston, Texas...
 

MINING, OIL AND GAS

Caterpillar Earnings Up More Than 20%

23 Apr 2015 @ 15:30
The New York Stock Exchange is still waiting for the opening bell as I commence this story, but Caterpillar (NYSE:CAT) is already up 2.7% in pre-market trading as the company reported an earnings of increase just in excess of 20%  at $1.1 billion and a diluted profit per common share of $1.81, up 26% from $1.44 year-on-year. CAT shares closed yesterday at 84.87, but were already at 87.16 by...
 

Nyota Minerals - second licence issued at Ivrea nickel-copper project in Italy

22 Apr 2015 @ 22:32
Ivrea Project: Second Exploration Permit Issued Nyota Minerals Limited (LSE:NYO) has announced that a second exploration permit at the Ivrea Project in the Piemonte Region of Italy has been issued to KEC Exploration Pty. Nyota announced on 10 February 2015 that it had entered into a binding agreement for the acquisition of 70% of KEC. The receipt of the second permit triggers the payment of...
 

What if BP's Dudley is Right?

22 Apr 2015 @ 20:19
The share price of BP (LSE:BP.) closed marginally down (0.05%) at 479.75 after reaching 484.20 in intraday trading, up at the point by 0.875%. BP continues to trade nearer to the low end of its 52 week range if 364.40 to 526.80. But today’s story is not so much about its share price activity today as it is about what CEO Bob Dudley said at the IHS CERAweek forum in Houston, Texas...
 

Bulls Regret Buying African Potash

21 Apr 2015 @ 20:21
Africa Potash stock (LSE:AFPO) is a bear market; and the bulls regret buying the stock. For the past 6 months, the price has been trending downwards slowly and gradually. This is a bias that is expected to continue for the next several weeks and months. There are currently conflicting signals in the chart. Although the ADX period 14 is not above the level 20, the DM+ is clearly above the DM...
 

GLOBAL NEWS

NASDAQ Bubbles to Record High on Dot.Com

25 Apr 2015 @ 17:36

Fifteen years ago, in 2000, the sages warned that the dot.com bubble was going to burst. They were right. It did. I don’t remember them saying that it would come bubbling back in 2015. But it did – yesterday. Some may want to call it by a different name, but when the NASDAQ (NASDAQI:COMPX) rose to a record high of 5,092.09, it was dot.com companies that put the air in the bubble. What’s Going On? One equity strategist observed that, “The situation is quite different from 15 years ago during the IT bubble. Growth evolution is really positive for IT stocks, because you have some good ideas and good evolution related to big data and cloud computing.” Another strategist declared …

 

BP agrees sale of Central Area Transmission System (CATS)

23 Apr 2015 @ 23:36
Sale to Antin Infrastructure Partners BP today announced it has agreed to sell its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for £324 million ($486 million). BP is currently the operator of CATS. The agreement comprises a payment on completion of £302 million ($453 million) and a deferred amount of £22 million ($33...
 

Caterpillar Earnings Up More Than 20%

23 Apr 2015 @ 15:30
The New York Stock Exchange is still waiting for the opening bell as I commence this story, but Caterpillar (NYSE:CAT) is already up 2.7% in pre-market trading as the company reported an earnings of increase just in excess of 20%  at $1.1 billion and a diluted profit per common share of $1.81, up 26% from $1.44 year-on-year. CAT shares closed yesterday at 84.87, but were already at 87.16 by...
 

Nyota Minerals - second licence issued at Ivrea nickel-copper project in Italy

22 Apr 2015 @ 22:32
Ivrea Project: Second Exploration Permit Issued Nyota Minerals Limited (LSE:NYO) has announced that a second exploration permit at the Ivrea Project in the Piemonte Region of Italy has been issued to KEC Exploration Pty. Nyota announced on 10 February 2015 that it had entered into a binding agreement for the acquisition of 70% of KEC. The receipt of the second permit triggers the payment of...
 

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