JANA Partners was the biggest seller of EQT (EQT), an Appalachian-focused E&P (exploration and production) company, during the second quarter, selling 9.6 million EQT shares for $453.6 million.
Refining margin indicators have been recovering in the second quarter. They've put up a mixed trend so far. The benchmark crack USGC (US Gulf Coast) WTI 3-2-1 crack has risen YoY (year-over-year) in the quarter. However, most oil spreads have fallen.
EQT (EQT), Cabot Oil and Gas (COG), and Noble Energy (NBL) all recorded lower 1Q16 revenues compared to 1Q15.
Concho Resources was the S&P 500’s top gainer on June 27. Concho Resources rose to the highest levels traded this month.
Micron Technology (MU) expects to see strong demand from embedded markets as autonomous cars hit the road in 2018 and smart city deployment begins.
On March 26, JCPenney (JCP) announced the appointment of Bill Wafford as its CFO, effective April 8. The new CFO has a huge task ahead of him, improving JCPenney’s margins and bottom line.
Aurora Cannabis (ACB) wants to grow cannabis outdoors. In July, it received Health Canada licenses for outdoor cultivation at two Canadian sites.
Companies (HMMJ) like Canopy Growth (WEED), Cronos Group (CRON), Aphria (APHA), and Aurora Cannabis (ACB) are closely watching whether the US may move to legalize recreational marijuana.
In Intel’s latest earnings, CEO Bob Swan talked about the upcoming 10nm products. Surprisingly, he made no mention of 10nm desktop CPUs.