Pretty much every offshore drilling stock rocketed up in November, but gravity could set in as the market remains very weak. Image source: Getty Images. Shares of Rowan Companies PLC (NYSE: RDC), Noble Corporation Ordinary Shares (UK) (NYSE: NE), ENSCO PLC (NYSE: ESV), and Atwood Oceanics, Inc. (NYSE: ATW) finished November up between 23% and 29%:Continue reading
Apple (NASDAQ: AAPL) benefited hugely in the three months ending in October, according to quarterly smartphone market share data released by Kantar Worldpanel on Wednesday. During the period, iPhone sales accounted for an impressive 4 of every 10 smartphone sales in the U. S. Apple's sharp rise in smartphone market share during the period bodes well for the iPhone 7 and iPhone 7 Plus prospects.iPhone 7.
Just ahead of the Thanksgiving holiday, Eli Lilly (NYSE: LLY) announced the third late-stage clinical failure for its Alzheimer's disease candidate. The stock had given up some ground this year, and following the flop, it's down about 20% in 2016. Meanwhile, it's hardly been a banner year for Johnson & Johnson (NYSE: JNJ), but its stock is up about 10.2% this year.
iPhone 7 being machined. Image source: Apple. Last month, reports surfaced that Apple (NASDAQ: AAPL) had asked two of its primary contract manufacturers, Foxconn and Pegatron, to evaluate the possibility of manufacturing iPhones in the U. S. Evidently, Pegatron opted not to research the possibility, believing it would be too costly, but Foxconn complied and gave the idea some serious thought.
The Institute for Supply Management (ISM) released bullish survey results suggesting the U. S. manufacturing sector is in for a good start to 2017. The Purchasing Managers' Index (PMI), based on a survey of purchasing managers, is widely regarded as the best indicator of manufacturing conditions. The PMI is an index created by survey data, whereby a reading above 50 indicates economic expansion.
Image source: SunPower. Shares of solar-panel manufacturer SunPower Corporation (NASDAQ: SPWR) jumped as much as 19.3% on Wednesday after the company announced a major cost-reduction plan. At 1:55 p.m. EST, shares were still up 12.8% on the day. Continue reading