Search
Saturday 25 April 2015
  • :
  • :

Stocks Losing their Charm: Kroger Co (NYSE:KR), Southwestern Energy Company (NYSE:SWN), Turquoise Hill Resources Ltd (NYSE:TRQ), Tesla Motors Inc (NASDAQ:TSLA)

On Monday, Kroger Co (NYSE:KR)’s shares declined -0.78% to $71.28.

On April 13, Kroger Co (KR), associates working at Kroger in the Louisville division have ratified a new labor contract with UFCW Local 227.

“We are happy to reach a contract that is good for our associates. This new contract provides wage raises, affordable health care and investment in our associates’ pension fund to support their retirement,” said Calvin Kaufman, president of Kroger’s Louisville division. “This contract comes after thoughtful and productive work by both the company and union bargaining committees. I want to thank our associates for supporting the contract and for the excellent service they provide to our customers every day.”

The contract covers nearly 14,000 associates working in 89 stores in the Louisville and Southern Indiana areas.

The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price influence warehouse stores offer grocery, and health and beauty care items, in addition to meat, dairy, baked goods, and fresh produce items.

Southwestern Energy Company (NYSE:SWN)’s shares dropped -0.77% to $26.95, during the last trading session on Monday.

Yesterday, In conjunction with Southwestern Energy Company’s 2015 First Quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Friday, April 24, 2015, at 10:00 a.m. EDT with Steve Mueller, Chairman and Chief Executive Officer of Southwestern Energy Company. Southwestern Energy Company declares the following Webcast:

  • Southwestern Energy Company’s First Quarter 2015 Earnings
  • April 24, 2015 @ 10:00 a.m. EDT

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. The company operates in two segments, Exploration, Development and Production; and Midstream Services. It focuses on the Fayetteville Shale, an unconventional natural gas reservoir covering about 888,161 net acres in Arkansas; and the Marcellus Shale, an unconventional natural gas reservoir covering about 266,073 net acres in northeast Pennsylvania.

At the end of Monday’s trade, Turquoise Hill Resources Ltd (NYSE:TRQ)‘s shares dipped -0.75% to $3.99.

Yesterday, Turquoise Hill Resources Ltd (TRQ), declared the first quarter 2015 production for Oyu Tolgoi.

Concentrate production in Q1’15 reduced about 30% over Q4’14. Production was influenceed by lower mill head grades in addition to a planned shutdown to reline both SAG mills and undertake modification and improvement work. The shutdown was accomplished on time and with no injuries.

Material mined in Q1’15 raised about 16% over Q4’14 mainly due to improvements driven by a range of productivity initiatives in the open pit partially offset by longer haul distances.

Head grades declined in Q1’15 as high-grade material from the open pit was largely processed in Q4’14. Open-pit development for 2015 is proceeding to plan with higher-grade material predictable to be processed by the concentrator starting in Q2’15. Concentrator milling rates raised through Q1’15 as improvements started to take effect, particularly in the pebble crushing circuit.

As formerly revealed, the Company anticipates production distribution to be relatively similar to 2014, with production levels significantly higher in the second half of 2015. Based on the current mine plan, Oyu Tolgoi is predictable to produce 175,000 to 195,000 tonnes of copper and 600,000 to 700,000 ounces of gold in concentrates in 2015.

Turquoise Hill Resources Ltd., together with its auxiliaries, operates as a mining company. Its principal material mineral resource property is the Oyu Tolgoi copper-gold mine located in the southern Mongolia. The company was formerly known as Ivanhoe Mines Ltd. and changed its name to Turquoise Hill Resources Ltd. in August 2012.

Tesla Motors Inc (NASDAQ:TSLA), ended its Monday’s trading session with -0.74% loss, and closed at $205.27.

On April 03, Tesla Motors Inc (TSLA), delivered 10,030 cars in Q1 of 2015, which is a new company record for the most deliveries in a quarter and represents a 55% raise over Q1 last year.

Going forward, Tesla will publish the number of new car deliveries within three days of quarter end. We have decided to take this approach, because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries.

There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers. The company sells its products through a network of Tesla stores and galleries, in addition to through Internet. Tesla Motors, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.




Leave a Reply

Your email address will not be published. Required fields are marked *