The Dow fell 0.45 percent to 17,424.07, while the NASDAQ composite index declined 0.17 percent to 4,760.98. The broader Standard & Poor's 500 index dropped 0.53 percent to 2,025.92.
The worst performing industries in the market today are:
Investment Brokerage - Regional: This industry slipped 2.5 percent by 11:00 am. The worst stock within the industry was Stifel Financial Corp (NYSE: SF), which fell 2.6 percent. Stifel Financial shares have dipped 47.30 percent over the past 52 weeks, while the S&P 500 index has dropped 0.95 percent in the same period.
Foreign Regional Banks: This industry declined 2 percent by 11:00 am with Bancolombia SA (ADR) (NYSE: CIB) moving down 3.7 percent. Bancolombia's PEG ratio is 4.51.
Top 5 Performing Stocks To Watch Right Now: Devon Energy Corporation(DVN)
Advisors' Opinion:- [By Matthew DiLallo]
On the other hand, for many large U.S. oil producers, it doesn't matter what OPEC does, because they spent the past few years repositioning their businesses to prosper at lower oil prices. Devon Energy (NYSE:DVN) is one of many producers that has sold assets to help pay down debt and reduce its cost structure. As a result, Devon is on pace to grow its U.S. oil production at a mid-teens compound annual rate through 2020, which would expand cash flow at an even more impressive 25% rate. Furthermore, Devon can achieve that fast-paced growth as long as oil averages $60 a barrel, and it would produce an estimated $2.5 billion in free cash flow over that time frame. That ability to generate a gusher of cash at a lower price point positions Devon for success in the coming years.�
- [By Max Byerly]
Devon Energy (NYSE:DVN) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 10,807,249 shares, a decrease of 21.1% from the April 13th total of 13,689,080 shares. Based on an average trading volume of 7,945,726 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.1% of the company’s shares are sold short.
- [By Matthew DiLallo]
Oil prices have continued rebounding this year, with the U.S. benchmark price WTI up another 7% to around $65 per barrel. That improving oil price has helped drive up most oil stocks. I say most because Devon Energy (NYSE:DVN), Apache (NYSE:APA), and Newfield Exploration (NYSE:NFX) are flat to down so far this year because investors seem to have overlooked them entirely. Because of that, they trade for a dirt-cheap valuation versus their peers, making them intriguing options to consider.
Top 5 Performing Stocks To Watch Right Now: Aimia Inc. (GAPFF)
Advisors' Opinion:- [By SEEKINGALPHA.COM]
Aimia (OTCPK:GAPFF) (TSX: AIM, AIM.PR.A, AIM.PR.B, AIM.PR.C)
As some background, we are intimately familiar with Aeroplan and Air Canada (OTCQX:ACDVF) not just as investors but as extraordinarily heavy consumers. As both an Air Canada top tier elite and Aeroplan top tier member I generate well in excess of 1.5 million Aeroplan miles annually, half from flying Air Canada and its partners and the other half from spending. As consumers we were concerned with Air Canada's decision (though we expect more details to come out that will alleviate these concerns) but as investors we understand that the fundamental business model of mileage programs are incredibly attractive and that Aimia presents an incredibly rare and lucrative investment opportunity for the investor discerning enough to dig into the company.
Top 5 Performing Stocks To Watch Right Now: Bonanza Creek Energy, Inc.(BCEI)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on Bonanza Creek Energy (BCEI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shanthi Rexaline]
Crude oil prices continue to remain bullish, brightening the prospects of oil and related companies. Bonanza Creek Energy Inc (NYSE: BCEI), an oil and natural gas exploration and production company that emerged from Chapter 11 in April 2017, could also benefit from an improved cost structure, according to Imperial Capital.
- [By Joseph Griffin]
Bonanza Creek Energy (NYSE:BCEI) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Monday.
Top 5 Performing Stocks To Watch Right Now: Guaranty Bancorp(GBNK)
Advisors' Opinion:- [By Logan Wallace]
Guaranty Bancorp (NASDAQ:GBNK) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
- [By Max Byerly]
Get a free copy of the Zacks research report on Guaranty Bancorp (GBNK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Guaranty Bancorp (NASDAQ:GBNK) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,022 shares of the financial services provider’s stock, valued at approximately $936,000. Cambridge Investment Research Advisors Inc. owned about 0.11% of Guaranty Bancorp as of its most recent SEC filing.
- [By Lisa Levin]
On Tuesday, the financial shares surged 0.71 percent. Meanwhile, top gainers in the sector included Guaranty Bancorp (NASDAQ: GBNK), up 5 percent, and Jupai Holdings Limited (NYSE: JP) up 5 percent.
Top 5 Performing Stocks To Watch Right Now: Hitachi Ltd (HTHIF)
Advisors' Opinion:- [By ]
The vast dealer network, built up over the more than 90 years that Caterpillar has been in operation, is the key competitive advantage that the company possesses. While Caterpillar's products are renowned for quality and low downtime, it is the availability of the support service on an international level in tandem with a reputation for product quality is what gives Caterpillar its edge, and has given it pole position among the world's construction machinery manufacturers in 2017 based on construction equipment sales, outranking Komatsu Ltd. (OTCPK:KMTUF) (OTCPK:KMTUY), Hitachi Ltd. (OTCPK:HTHIF) (OTCPK:HTHIY), Volvo (OTCPK:VOLVF) (OTCPK:VOLVY), the privately-held Liebherr group, the Chinese government-owned XCMG Group, the Doosan Infracore subsidiary of the Doosan Group conglomerate, Sany (OTCPK:SNYYF) (OTC:SNYYY), and John Deere & Co.
- [By ]
Some of the larger companies that have begun incorporating blockchain into their industries include:
Overstock.com (OSTK) , once a retail company, has become one of the biggest blockchain options on the stock market. The company has developed tZERO, a cryptocurrency and blockchain-based registry that complies with the regulations of the U.S. Securities & Exchange Commission. IBM (IBM) has developed blockchain technology that they are using with a large variety of partners in a large variety of industries. One example is their partnership with food retailers, most notably Walmart, to help quickly, efficiently, and securely track the supply chain to help ensure ideal food safety. They have also partnered with Maersk to work on a blockchain platform for global trade. Hitachi (HTHIF) , the Japanese conglomerate that has worked on social infrastructure and IT systems, among other industries, has begun dabbling in blockchain. It has released reports about how it believes the technology can positively impact the financial sector, and how it could potentially be used to create new services for businesses.There are also ETFs that one can invest in that hold a number of stocks related to blockchain. For example, the Reality Shares Nasdaq NextGen Economy ETF (BLCN) holds stocks in all of the examples above, as well as Intel (INTC) and Cisco Systems (CSCO) .
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