In late April, the supply-demand imbalance in the oil market took an almost comical turn. The futures contract for May delivery actually sold at a negative price for the first time in history. Cristian Tiu, chair and associate professor of finance at the University of Buffalo’s School of Management likened what is happening to oil
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Take a look at some of the biggest movers in the premarket: CyberArk Software (CYBR) – The cybersecurity company reported quarterly profit of 50 cents per share, beating the consensus estimate of 36 cents a share. Revenue also beat forecasts. CyberArk said that due to the pandemic, it expected customers to make “more cautious” purchasing
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Chad Robins, CEO of Adaptive Biotechnologies. Anjali Sundaram | CNBC Check out the companies making headlines after the bell. Adaptive Biotechnologies – The biotechnology company’s stock fell 5% in extended trading after Adaptive gave its first-quarter financial results. The company reported a loss of 25 cents per share on revenue of $20.9 million, while analysts
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Return on Capital Employed (ROCE) vs. Return on Assets (ROA): An Overview Key Takeaways Return on capital employed (ROCE) and return on assets (ROA) are profitability ratios. ROCE is similar to return on equity (ROE), except it includes debt liabilities, where a higher ratio means a company is making good use of its available capital.
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Square (NYSE:SQ) looked like it was prepped for a bearish response to earnings. SQ stock originally fell 6% to 8% in after-hours trading when it released its first-quarter earnings. Source: Piotr Swat / Shutterstock.com However, shares turned around once investors digested the quarter and listened to the conference call. SQ stock climbed almost 10% in
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In the week ending May 8, Chesapeake Energy (NYSE:CHK) shares rose nearly 3%. The beleaguered energy company moved in tandem with other oil stocks as the price of oil moved higher. However, in the last month alone, CHK stock has dropped over 50% amid reports that a bankruptcy is imminent. Source: Novikov Aleksey / Shutterstock.com
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Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic.  “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
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