Royal Dutch Shell (RDS. ) had its price target reduced by Oppenheimer (OPY) to $80 with an outperform rating, as earnings were brought down by unconventional weak results.
It was a mixed day of trading as investors are anticipating a pullback following the recent rally. On the economic front, the Commerce Department released data showing a slight gain in business inventories, up 0.1 percent in December, which was less than expected.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
Molina Healthcare (MOH) was upgraded by Bank of America/Merrill Lynch (BAC) from neutral to buy with a price target of $41 due to strong momentum and tailwinds from health care reform. Shares are higher by about 1.8 percent.
Female demonstrators scuffle with police in Bolivia as they urge the government to quickly pass a law following the death of a woman believed to have been killed by her police officer husband. Rough Cut (no reporter narration).
Comcast’s $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the turnaround at the network.
Eight-thousand worshippers packed St. Peter’s Basilica in Rome on Wednesday night to watch Pope Benedict preside over the Ash Wednesday observance, his last scheduled Mass before stepping down as Pontiff. Mana Rabiee reports.
In trading on Wednesday, home furnishings & improvement shares were relative laggards, down on the day by about 1%. Helping drag down the group were shares of Furniture Brands International (FBN), down about 23.4% and shares of Sealy (ZZ) off about 0.5% on the day.
In trading on Wednesday, real estate shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of Zillow (Z), up about 9% and shares of Ellington Financial (EFC) up about 3.6% on the day.
After being named Blackberry’s creative director, Alicia Keys could be in a bit of hot water for a questionable tweet. It’s not the content that’s the problem, it’s that it was sent from an iPhone. Keys claims she was hacked.