|Day Low/High||23.29 / 24.02|
|52 Wk Low/High||14.18 / 26.72|
The day of buyers loading into the market has arrived, but don’t get too comfortable.
A jump in crude prices is the chief driver behind the market's gains Tuesday.
While a possible slowdown in the U.K. economy isn't expected to have a big effect on oil prices, a stronger dollar already is for an industry plagued by uncertainty.
The driller has suffered a significant multiyear decline, and typically a big decline needs a long repair process.
The most recent short interest data has been released for the 05/31/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Unlike McDermott and Diamond Offshore, competitors Noble, Transocean and Tidewater have plunged into bear market territory.
Shares of Southwestern Energy jumped more than six percent in midday trading Tuesday along with industry peer Williams Companies, amid a rally in natural gas prices.
Statistically speaking, the Index put/call ratio and total put/call ratio both edged below 100% for the first time since early last week, marking a change.
Trade-Ideas LLC identified Diamond Offshore Drilling (DO) as a strong on high relative volume candidate
You see the S&P, but what about the Nasdaq, semis, energy or banks?
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: ABCD, ABX, AEG, AMBC, AZN, BK, CBG, CBT, CNA, CSTE, DO, EEP, GBX, GRC, HHC, NWFL, OFIX, RJF, ROG, RVSB, SBAC, SCCO, SLM, TOT Downgrades: ATRC, BSFT, CZNC, PCRX, VICR, WTM Initiations: RYAM Read on to get TheStreet Quant Ratings' detailed report:
Diamond Offshore Drilling (DO) stock price target was raised to $23 from $20 at Jefferies.
Diamond Offshore Drilling (DO) stock gained on Monday after the company reported financial results that exceeded expectations for the 2016 first quarter.
In the week ahead, new earnings and economic data will indicate whether the energy sector's resurgence, in tandem with the decline of technology and health stocks, will continue.
Plus my tweet about Twitter's earnings, and a take on oil drillers.
Crude oil had been below its 200-day simple moving average since July 2014, but that changed as of Tuesday. Here's how to trade the oil services sector.