Finance officials from the Group of 20 major economies meeting in Moscow are struggling to find common ground on currencies and borrowing, exposing rifts between those who advocate growth and those who support more austerity to revive the world economy. Ivor Bennett reports
Whiting Petroleum (WLL) was upgraded by BMO (BMO) to outperform from market perform with a price target of $60, as the firm believes that the company possess more drilling inventory than the market believes. Shares are higher by about 2.6 percent.
Marin Software today announced that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined.
In trading on Thursday, advertising shares were relative leaders, up on the day by about 3.9%. Leading the group were shares of Angies List (ANGI), up about 32.9% and shares of Groupon (GRPN) up about 3.1% on the day.
DirecTV (DTV) announced that it earned $942 million, or $1.55 per share, versus $718 million, or $1.02 per share in the same period last year. Revenue increased by 8 percent to $8.05 billion.
Molina Healthcare (MOH) was upgraded by Bank of America/Merrill Lynch (BAC) from neutral to buy with a price target of $41 due to strong momentum and tailwinds from health care reform. Shares are higher by about 1.8 percent.
Hercules Offshore (HERO) had its numbers increased by Jefferies (JEF) as domestic jack up rates have been strong. A hold rating was issued with a price target of $8.
Armstrong World Industries (AWI) was upgraded by Citigroup (C) from neutral to buy with a price target of $67, as residential construction has been improving and there are very low expectations for the company. Shares are higher by about 2.3 percent.
Pembina Pipeline Corporation (PBA) maintained its monthly dividend of 13.5 cents per share. The dividend will be paid on March 15, 2013 to shareholders of record on February 25, 2013Shares are lower by about one percent.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy — they expect to make money. So let’s look at one noteworthy recent insider buy.
