Refineries take a beating including Valero Energy while LKQ Corp. Misses on Earnings


Follow this company

Companies Mentioned

NYSE:VLO / NASDAQ:LKQ / NASDAQ:FSLR / PK:LGBS
02/28/2014 [ACCESSWIRE]

Valero Energy Corporation (NYSE: VLO) – For an in-depth report on Valero Energy Corporation follow: www.BullTrends.com/stockquote/VLO

Valero Energy Corp. closed down 4.36% on Thursday with about 15.3 million shares traded. The stock was one of the biggest movers on the NYSE in terms of volume. Many refineries fell after it was reported by Bloomberg, “Brent crude fell to the lowest level in more than a week as tension increased in Ukraine, shrinking the global benchmark’s premium to West Texas Intermediate to the narrowest level since October…”

LKQ Corp. (NASDAQ: LKQ) - For an in-depth report on LKQ Corp. follow: www.BullTrends.com/stockquote/LKQ

Shares of LKQ Corp. closed down 7.26% on Thursday with about 11.2 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The company missed analysts’ expectations for earnings and revenue for the fourth quarter. The company reported earnings of 26 cents a share for the fourth quarter. Capital IQ Consensus Estimate called for earnings of 29 cents a share for the quarter. Revenue rose 23.3% from the year-ago quarter to $1.32 billion, while analysts expected revenue of $1.33 billion. For the full-year 2014 LKQ expects earnings of between $1.30 and $1.40 a share, while analysts expect $1.38 a share.

First Solar, Inc. (NASDAQ: FSLR) – For an in-depth report on First Solar, Inc. follow: www.BullTrends.com/stockquote/FSLR

First Solar Inc. closed up 8.44% on nearly 10 million shares traded on Tuesday. Earlier in the week the stock has fallen after the company reported Q4 2013 earnings. Quarterly revenues were down by around 29% year-over-year to $768 million, while operating income fell to about $60 million from around $172 million a year ago.

Legends Business Group Inc. (OTC: LGBS) - For an in-depth report on Legends Business Group Inc. follow: www.BullTrends.com/stockquote/LGBS

Shares of LGBS closed up 25% on Thursday with over 350 million shares traded. The stock was one of the biggest gainers in the OTC market. The company announced that it is working with its new Joint Venture partner to develop a business plan featuring new innovative boat designs to be built at our state of the art manufacturing facility. Bill Schaefer, President of Legends Business Group, Inc. stated, "I believe the Company is moving in the right direction, I am very excited to be working with people and Companies that are industry leaders."

 

Disclosure: BullTrends.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

COMMENTS

Leave a comment...
 * 

Your Name
 *