Dow Takes a 200-Point Selloff, Earnings Down Everywhere
Futures Market Rallies For Oil. Summer's almost here, and oil prices are on the rise.
Energy Stocks Rebound Today. Energy stocks are so depressed lately that any little thing gets them jumping. This time around, it is the price of oil just inches away from the $60 mark. The big gainers were producers and refiners, most of whom have cut jobs like crazy just to stay in business. Ensco (ESV) beat the others in real gain, rising almost 10% to close up 2.38 points to $27.28. Noble (NE) grew 9% to $17.31. Transocean (RIG) gained 1.27 points to rise back up to $18.82 per share. Diamond Offshore (DO) added 1.87 points to close at $33.47.
AAC Holdings Beats Today's Trend With Positive Earnings News. Healthcare holding company AAC Holdings (AAC) beat a big downward trend in its little segment of the booming Health Services sector by releasing its earnings a little later than the rest. The company grew 10% today, putting on 3.35 points to close at $34.66. That's in comparison to competitor The Joint Corp (JYNT), which fell 6% today, after rising over 10% itself earlier in the week. The Joint Corp is up 16% over 5 days, and down 0.68 to $10.01 in trading today.
Airlines Stocks Are Down Across The Board. It's more of a symptom of reduced big-ticket consumer spending than it is oil futures, but airline stocks all fell today. Most of them have had a miserable quarter. Although Virgin America (VA) just posted an earnings beat, it lead the pack in losses, falling -1.71 to close at $28.74. Spirit (SAV) lost 2.19 points and closed at $68.47. American Airlines (AAL) fell 1% to $48.29.
Published on Apr 30, 2015By Aaron Phillips