|By PR Newswire||
|February 19, 2014 09:30 AM EST||
CHICAGO, Feb. 19, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Occidental Petroleum Corp. (NYSE:OXY-Free Report), Exxon Mobil Corp. (NYSE:XOM-Free Report), Apache Corp. (NYSE:APA-Free Report), Phillips 66 (NYSE:PSX-Free Report) and ION Geophysical Corp. (NYSE:IO-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday's Analyst Blog:
Oil & Gas Stock Roundup
Crude prices edged back over $100 during the past week on expectations of an improving demand outlook and positive trade data out of China, while natural gas moved higher amid bullish supply data and concerns over a key pipeline explosion.
Crude prices edged up a little last week on a positive demand outlook for heating oil amid below-normal temperatures that have prevailed for most part of the winter. The commodity got some more support from Janet Yellen's reassuring Fed commentary and strong January trade data from China.
However, at the same time, dismal consumer and labor reports weighed on crude prices. Sentiments were further dampened by the soft Energy Information Administration (EIA) report that showed a higher-than-expected increase in oil inventories, which remains in the upper half of the average for this time of the year.
As a result of these factors, by close of trade on Friday, West Texas Intermediate (WTI) oil was slightly in the black and settled at just over $100.00 per barrel, gaining a meager 0.3% for the week.
Natural gas rallied last week on the back of a large decrease in supplies, forecasts of continued freezing cold weather conditions, and reports of an explosion in a major pipeline.
The EIA's weekly inventory release showed that natural gas stockpiles held in underground storage in the lower 48 states fell by 237 billion cubic feet (Bcf) for the week ended Feb 7, higher than the guided range (of 228–232 Bcf drawdown). Moreover, the decrease was considerably higher than both last year's withdrawal of 152 Bcf and the 5-year (2009–2013) average reduction of 162 Bcf for the reported week.
Chilly weather forecasts – in the eastern U.S. over the next few days – are likely to further spur natural gas' demand for heating, while an explosion in an important pipeline in southern Kentucky could send prices soaring again.
Influenced by these factors, natural gas prices ended Friday at around $5.21 per million Btu (MMBtu), up 9.0% over the week.
Energy Week That Was:
The week's energy coverage was dominated by the following news:
Occidental to Break in Two
Los Angeles-based energy explorer Occidental Petroleum Corp. announced plans to separate its oil and gas assets in California into a separate company, apart from shifting its headquarters to Houston. The spin-off will see the formation of a new entity that will have around 8,000 employees and will be the state's biggest natural gas producer. Endorsing the move as a bid by Occidental to drive up the value of the company, shares closed up 3.8% at $95.76 on the NYSE trade on Friday.
Exxon Mobil Produces First Gas from Damar
Energy giant Exxon Mobil Corp. (NYSE:XOM-Free Report) produced first gas from its Damar field, off the east coast of Peninsular Malaysia. With a forecasted peak capacity of 200 million cubic feet per day, the project is expected to help Malaysia meet its rising natural gas demand. In particular, the startup of Damar – in which Exxon Mobil holds a 50% operated interest – is another important step towards the company's global production growth in the coming years.
Q4 Earnings Crash at Apache, to Exit Argentina
U.S. energy firm Apache Corp. (NYSE:APA-Free Report) reported weak fourth quarter results, as asset sales reduced production. The production of oil and natural gas averaged 687,911 oil-equivalent barrels per day (55% liquids), down approximately 14.0% year over year. In another announcement, Apache said that it will sell its operations in Argentina to state energy company YPF S.A. for $800 million in cash. The decision is in accordance with the Houston-based oil and gas explorer's plan to exit business that do not fit into the company's long-term growth plan, apart from paring borrowings and fund buybacks.
Phillips 66 to Divest Assets
U.S. refiner Phillips 66 (NYSE:PSX-Free Report) announced that it would divest its products pipeline system and two storage spheres for $700 million to its spun-off partnership Phillips 66 Partners L.P. The to-be-sold properties include Phillip 66's Gold Line System – which consists of a 681-mile refined products pipeline that runs from its Borger, Texas refinery to Cahokia, Illinois – and two refinery-grade propylene storage spheres. The transaction is expected to be completed by Mar 1.
ION Geophysical Shares Soar on Strong Results
Shares of energy technology provider ION Geophysical Corp. (NYSE:IO-Free Report) popped more than 29% on Thursday following a better than expected earnings announcement. The company, which went through a tough period in 2013 thanks to cost overruns, easily beat profit and revenue estimates, as clients worldwide saw value in its solutions.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE Zacks Investment Research, Inc.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Mar. 25, 2017 09:45 PM EDT Reads: 3,544
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
Mar. 25, 2017 08:45 PM EDT Reads: 5,917
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 25, 2017 08:45 PM EDT Reads: 2,743
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Mar. 25, 2017 06:15 PM EDT Reads: 2,557
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 25, 2017 05:15 PM EDT Reads: 1,923
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 25, 2017 04:00 PM EDT Reads: 488
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.
Mar. 25, 2017 04:00 PM EDT Reads: 2,826
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Mar. 25, 2017 03:15 PM EDT Reads: 6,433
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Mar. 25, 2017 03:00 PM EDT Reads: 2,715
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
Mar. 25, 2017 01:45 PM EDT Reads: 3,282
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 25, 2017 01:30 PM EDT Reads: 1,701
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Mar. 25, 2017 01:15 PM EDT Reads: 2,037
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 25, 2017 12:45 PM EDT Reads: 1,872
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
Mar. 25, 2017 12:45 PM EDT Reads: 3,477
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Mar. 25, 2017 12:30 PM EDT Reads: 1,802