Ahead of the Bell: Dow futures are trading up 43 points and S&P futures are trading up 6 points. Rising tensions and growing fears of a military conflict in Ukraine are causing more uncertainty for financial markets following last week’s selloff. According to reports, the new Ukrainian government had set a deadline which has now passed for pro-Russian separatists to disarm and end their occupation of state buildings or face a major "anti-terrorist" operation. Thus far, there was no sign the rebels were complying with the ultimatum. European Union foreign ministers will be meeting today to discuss tougher sanctions against Russia. However, investors are concerned that both sides will end up imposing increasingly stringent measures that will economically harm the region.
• On the economic calendar today, retail sales which increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from the...
Steve Guidry, CEO of VAALCO Energy, Inc. (NYSE:EGY), rang today’s Closing Bell at the NYSE.
About VAALCO Energy, Inc.
VAALCO Energy, Inc. is a Houston, Texas based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. VAALCO’s strategy is to increase reserves and production through the exploration and operation of oil and gas properties, with a focus on international opportunities.
Markets look set to end the week on the down side as weakness across growth and technology names has started to bleed into other sectors. This broad based pressure has taken some of the focus off of earnings season which “officially” began with Alcoa’s release on Tuesday, and placed it squarely on the technology space. Here are three things that drove the market this week:
U.S. equity markets have taken a pause in their run toward new all-time highs, largely as a result of a pullback in technology shares. What had been a “darling” sector with high flying names saw traders rushing to the exits as we kicked off the week. This pressure has led some investors to question the value in the space and whether stocks are being overvalued as we head toward Q1 earnings season. While the selling momentum took a break mid-week, fear that the sector has room for a further push lower remains.
Zoës Kitchen, aMediterranean-inspired fast casual restaurant chain which features made-from-scratch recipes using fresh ingredients, visited the New York Stock Exchange (NYSE) on Friday, April 11 to celebrate the company’s completion of its initial public offering and first day of trading. Zoës Kitchen will commence trading on the NYSE today under the ticker symbol, “ZOES.”
To mark the first day as a publicly-traded company, President and CEO Kevin Miles of Zoës Kitchen, joined by members of the company’s leadership team and Brentwood Associates, Zoës Kitchen’s lead investor, rang the NYSE Opening Bell and visit the NYSE trading...
From The Trading Floor: The markets are trading in negative territory this morning following on from yesterday’s drop as JP Morgan’s earnings results fueled concern that corporate earnings will be weak.
Producer Prices in the US. rose more than forecast in March, led by the biggest gain in the cost of services in 4 years. PPI for March rose 0.5%
April University of Michigan Consumer Sentiment rose to 82.6 from 80 a month earlier
Zoe’s Kitchen (ZOES) priced 5.8 million shares at $15. The opening print was $25.65 on a print of 1,101,879 shares.
Farmland Partners (FPI) priced 3.8 million shares at $14. The opening print was $13.75 on 201,000 shares.
Enable Midstream Partners (ENBL) priced 25 million shares at $20. The opening print was $21.50 on 2,728,478 shares.
Japan's Cabinet has approved a controversial plan to reinstate nuclear energy as an important source of electricity,...