Petroleo Brasileiro SA (NYSE: PBR), commonly called Petrobras, announced on Friday that it is raising the prices it charges for gasoline and diesel fuel by 4% and 8%, respectively. This is the fifth rise in diesel prices and the third in gasoline prices in the past year and a half. The price hike became effective at midnight and Brazilian drivers will see the higher prices at the pump beginning on Saturday.
The price increase announced yesterday is expected to raise pump prices by about 3%. A gallon of gasoline in Brazil sold for around $4.60 before the hike was announced.
Brazil�� problem is that inflation is eating away at its economy and the country�� central bank has been raising interest rates in an effort to cool things off. The government, which owns the majority stake in Petrobras, has also been trying to keep the lid on pump prices, forcing Petrobras to sell gasoline for less than it costs to produce.
But keeping the price of gasoline low has the unintended effect of driving up demand. That was predictable. A second unintended effect is that the low price of gasoline has forced the country�� ethanol producers to keep their prices low and the country�� ethanol industry is also being forced to sell ethanol at prices too low to make a profit.
Hot Regional Bank Stocks To Invest In 2015: SciQuest Inc.(SQI)
SciQuest, Inc. provides an on-demand strategic procurement and supplier enablement solution worldwide. The company?s solution integrates its customers with their suppliers for automating the source-to-settle process. Its solution include various modules, such as sourcing director, spend director, requisition manager, order manager, settlement manager, supplier contract management and authoring, total supplier manager, supplier diversity manager, and materials management. The company delivers its solutions over the Internet using a software-as-a-service model. It serves higher education, life sciences, healthcare, state and local government entities, and commercial customers through direct sales force. SciQuest, Inc. was founded in 1995 and is headquartered in Cary, North Carolina.
Advisors' Opinion:- [By Holly LaFon]
A second company that makes enterprise software is SciQuest (SQI), which provides procurements and spending management software on a subscription basis. Unlike one of its chief competitors, which targets everyday supply purchases made by big companies, SciQuest provides automated purchasing to a different segment by focusing on universities, hospitals, local and state governments, etc.
- [By Steve Symington]
What:�Shares of SciQuest, (NASDAQ: SQI ) plunged 19% Friday after the cloud-based business-automation specialist released�in-line first-quarter results, but followed with disappointing forward guidance.
Top Low Price Stocks To Watch For 2014: Fiserv Inc.(FISV)
Fiserv, Inc. and its subsidiaries provide various financial services technology solutions. Its solutions include electronic commerce systems and services, such as transaction processing, electronic bill payment and presentment, business process outsourcing, document distribution services, and software and systems solutions. The company operates in two segments, Payments and Industry Products, and Financial Institution Services. The Payments and Industry Products segment provides electronic bill payment and presentment services, and debit and other card-based payment products and services to meet the electronic transaction processing needs of the financial services industry. It also offers Internet banking, investment account processing services for separately managed accounts, card and print personalization services, and fraud and risk management products and services. The Financial Institution Services segment provides account processing services, item processing services , loan origination and servicing products, cash management and consulting services, and other products and services that support various types of financial transactions. The company serves banks, thrifts, credit unions, investment management firms, leasing and finance companies, retailers, merchants, and government agencies. It has operations in the United States, Argentina, Australia, Canada, China, Colombia, Costa Rica, France, India, Indonesia, Luxembourg, Malaysia, Mexico, the Netherlands, the Philippines, Puerto Rico, Poland, Singapore, and the United Kingdom. Fiserv, Inc. was founded in 1984 and is headquartered in Brookfield, Wisconsin.
Advisors' Opinion:- [By Lee Jackson]
Fiserv Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. The company announced last month a 10 million share buyback, which is almost 8% of the outstanding shares. The consensus price target for the stock is $100.
- [By Rich Smith]
On Tuesday, the regional banker, which does business in 16 states throughout the American South, Midwest, and Texas, announced it's inked a deal with online banking software Fiserv (NASDAQ: FISV ) to revamp its online banking and bill-pay system to enhance the customer experience.
- [By Kyial Robinson]
Fiserv (NASDAQ: FISV) is causing quite a trending buzz with its movements this month.
Shares are considered as a company with strong buyback activity.
Top Low Price Stocks To Watch For 2014: US Tungsten Corp (USTU)
US Tungsten Corp., formerly Stealth Resources Inc., incorporated on January 10, 2007, is an exploration-stage company. As of October 5, 2012, the Company had begun investigating tungsten opportunities. In September 2013, US Tungsten Corporation completed the registration and acquisition of 64 mineral claims located in Beaverhead, Montana.
On August 21, 2012, the Company acquired an option to acquire a 100% interest in three mineral claims known as the Calvert Property, located in Calvert, Montana (the Property). As of October 5, 2012, the Company had no operating revenues.
Advisors' Opinion:- [By Peter Graham]
Small cap mining stocks US Tungsten Corp (OTCMKTS: USTU) and LKA Gold Inc (OTCMKTS: LKAI) along with biotech Entest BioMedical Inc (OTCMKTS: ENTB) have been getting some attention lately in various investment newsletters with at least one of these stocks being the subject of paid promotions while another could soon be the subject of an investor relations campaign. But will any of these small cap stocks be winners for investors or traders? Here is a quick reality check:
Top Low Price Stocks To Watch For 2014: Bwin.Party Digital Entertainment PLC (BPTY)
bwin.party digital entertainment plc (bwin.party) is a holding company. The Company is an online gaming company. It operates in five segments: sports betting, casino & games, poker, bingo; and other (including network services, World Poker Tour, InterTrader.com, WIN.com, software services and the payment services business). Its sport betting segment includes bwin, betoto, Gamebookers, Gioco Digitale and PartyBets. It�� Casino & games segment includes PartyCasino, bwin and GD Casino. Its poker segment includes PartyPoker, bwin and GD Casino. Its Bingo segment includes Foxy Bingo, Cheeky Bingo, Gioco Digitale and Binguez. The Company�� subsidiaries include BES SAS, bwin Argentina SA, bwin Italia S.r.l., bwin.party Games AB and Cashcade Limited. Its subsidiaries are engaged in management and information technology (IT) services, marketing services, online gaming, transaction services, customer support services, marketing support services and Land-based poker events. Advisors' Opinion:- [By Namitha Jagadeesh]
Bwin.Party Digital Entertainment Plc (BPTY) plunged 14 percent to 110 pence, the biggest drop since April 2011, after the online gaming company said 2013 sales will be 14 percent to 17 percent lower than last year�� figures. Analysts on average had forecast a sales drop of 9.2 percent.
Top Low Price Stocks To Watch For 2014: Eaton Vance Limited Duration Income Fund (EVV)
Eaton Vance Limited Duration Income Fund is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States. It seeks to invest in the securities of companies operating across the diversified sectors. The fund invests in senior, secured floating-rate loans, mortgage-backed securities, and corporate bonds that are rated below investment grade quality, known as junk bonds with an average duration of 3.47 years and average quality BBB/BBB-. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index, the Merrill Lynch U.S. High Yield Index, and the Barclays Capital U.S. Intermediate Government Bond Index. Eaton Vance Limited Duration Income Fund was formed on May 30, 2003 and is domiciled in the United States.
Advisors' Opinion:- [By Adam Aloisi]
The following chart takes a comparative look at some widely held ETFs/CEFs holding different types of bonds. The objective is to visualize not only how much these products cost, but also to break down the percent of total yield depleted by management fees. I define total yield as current annualized yield plus net fees - in other words the yield of the fund if there were no management fees attached. The funds we will examine are aforementioned BND, iShares 20+ Treasury Bond (TLT), iShares High-Yield Corporate (HYG), Nuveen Municipal Value (NUV), Eaton Vance Limited Duration (EVV) and Alliance Bernstein Global High-Yield (AWF).
No comments:
Post a Comment