|Day Low/High||5.05 / 5.28|
|52 Wk Low/High||2.20 / 6.00|
Analysts see lower earnings than a year ago at McDermott, while Zix is expected to beat the year-earlier quarter.
Stocks have gained for 4 consecutive weeks and remain overbought, as evidenced by our model portfolio’s 30% cash position.
Investors in McDermott International, Inc. saw new options become available today, for the September 16th expiration.
With the market appearing overbought on a number of metrics, the model portfolio may favor booking profits.
Performance varies. McDermott continues to outperform crude oil, while Noble and Tidewater remain in bear market territory.
Stocks rose for the week and June posted a better-than-expected jobs report, however, the model portfolio did not conduct any trades.
Although stocks rebounded during the week post-Brexit selling, we increased our positions in 3 of our model portfolio holdings.
Financials were among the hardest hit after the Brexit vote, prompting our model portfolio to add to our banking stocks.
Portfolio manager Barry James likes Brandywine Realty Trust, Newmont Mining, McDermott and Verizon.
With market weakness expected to continue to linger, our model portfolio considers it a potentially good time to buy.
We trimmed two positions in the model portfolio this week amid overall market strength.
With the probability of an interest rate hike at the June FOMC of just 4% and also lingering uncertainty about rising interest rates over coming weeks and months, we remain comfortable with the model portfolio.
Unlike McDermott and Diamond Offshore, competitors Noble, Transocean and Tidewater have plunged into bear market territory.
U.S. shares advanced for the week, but we did not make any trades in our model portfolio. Next week, however, a plethora of economic data will be released.
Crude plays in the Stressed Out index are getting a bump from the rise in oil prices.
Sterne Agee started coverage on McDermott Intl. (MDR) stock with a 'neutral' rating.
U.S. stocks are approaching oversold levels for the first time in over a month, leaving us comfortable with an above-average 25% cash position in our model portfolio as we search for new names to add.
U.S. stocks are approaching oversold levels for the first time in over a month, prompting our model portfolio to increase its position in Kratos Defense & Security.
More than half of the model portfolio reported earnings in a 48-hour stretch, but earnings season wraps up next week amid a quiet economic front.
Oil services provider beats top- and bottom-line expectations and raises full-year guidance.