On Wednesday, Shares of Transocean Ltd. (NYSE:RIG), gained 1.97% to $14.47, as falling oil prices hurt the oil sector Wednesday.
Oil prices have been in positive and negative territory as global oversupply concerns counteracted positive economic news from China.
China’s Ministry of Finance said that the country would implement a more forceful fiscal stimulus policy.
Falling Chinese markets following the devaluation of the yuan have hurt global stock markets and oil prices in recent weeks.
On the supply side, the U.S. Energy Information Administration stated that U.S. production fell by 140,000 barrels a day in August from the previous month.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Shares of KeyCorp. (NYSE:KEY), declined -1.10% to $13.53, during its last trading session.
BMO Capital initiated coverage of KeyCorp stock with a “market perform” rating and $12 price target last morning.
KeyCorp is a bank based in Cleveland with about 1,000 branches across the upper U.S. from Maine to Alaska. It has $92 billion in assets and $69 billion in deposits.
BMO initiated coverage together with other Midwest regional banks as it believes the Midwest economy will see headwinds.
“The relationship based model has led to better fee income growth. Areas of growth have been in payments, trust, and investment banking,” BMO said in a note.
KeyCorp. operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
Finally, Juniper Networks, Inc. (NYSE:JNPR), ended its last trade with -1.17% loss, and closed at $25.25.
Juniper Networks, declared the Company will present at the Deutsche Bank Technology Conference in Las Vegas.
- Robyn Denholm, chief financial and operations officer, Juniper Networks, will present on Wednesday, Sept. 16, 2015 at 8:50 a.m. PT. This event will be available live via webcast on the Juniper Networks website: http://investor.juniper.net.
- Ankur Singla, corporate vice president and general manager, cloud software, Juniper Networks, will take part on the SDN and Cloud Services panel on Wednesday, Sept. 16, 2015 at 11:40 a.m. PT.
Juniper Networks, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; and T series routers.
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