Today is a big day for economic data with the release of the U.S. non-farm payroll data for October at 8:30 a.m. Eastern (12.30 pm UK). Expectations are for an increase of 120,000-125,000 jobs and for the unemployment rate to increase to 7.9% from 7.8%. Any hint that the unemployment rate is moving down further…
After a fairly muted reaction to yesterday’ s operational update from Caza Oil and Gas’s South East New Mexico field, the shares have sprung to life settling 25% higher to 12.5p this afternoon. The update from the Forehand Ranch prospect in Eddy County and Copperline Prospect in Lea County has been positively received by the…
After several days of declines in Xcite Energy, driving it down to the 95p mark yesterday, the shares have rebounded strongly this morning to stand at 103p, up 7.5%. Apart from a Buy initiation from broker Liberum Capital, there doesn’t seem to be any clear drivers for the change in sentiment. Long traders have been…
John Browett, the British man who joined Apple as head of retail in April with a notoriously generous $56 million plus “golden hello” (at the $562 share price at the time), has been ejected from the company after just 6 months in the job. The ex-head of Dixons and former Tesco man was recruited…
For shareholders in Kurdistan oil explorer, Gulf Keystone Petroleum (GKP), nerves were somewhat frayed last week with the shares dropping to185p on Thursday as the 12 week court battle with Rex Wempen and Excalibur Ventures kicks off. Wempen is claiming that GKP’s Todd Kozel conned him out of a $900 million stake in the giant…
Apple yesterday disappointed investors with weaker than expected fourth fiscal quarter earnings, despite a 24% year on year increase, due to the impact of delayed purchases of iPhones and iPads ahead of new launches and also higher manufacturing costs. Apple’s shares finished down 1.2% at $609.5 in normal trading, and initially moved lower in…
Plenty of action in the tech space yesterday, with Apple announcing the new iPad Mini, the 7 inch tablet. Though its premium price worried some investors, sending the shares down over 3% to $613 in regular hours trading. Netflix, the online movie company’s shares dropped 15% to $58 in after hours trading after reporting…
The much anticipated and leaked launch of the smaller 7 inch version of the iPad is expected from Apple later today at a special event in San Jose, California. Steve Jobs was always reluctant to go down the route of a smaller iPad believing that it harmed the consumer experience. But, the success of the…
Google has been one of the star performers of the Nasdaq this year, rising from a low of $556 in June to an all time high of $774 this month. Yesterday, the shares dropped 10% at one point after the accidental release of disappointing earnings by a printing company meant that investors were scrambling…
An interesting read from Edison on Xcite Energy this morning, see the full report at http://www.edisoninvestmentresearch.co.uk/researchreports/Xciteupdate171012.pdf The shares are currently up 3.5% at 107p. Given the conservative estimates from Edison there appears to be some upside to their share price valuation (see extract below) as well as an opportunity for a reserves upgrade after the…
