Home / Biopharma / Recommended Mix Momentum Stocks: Wal-Mart Stores (NYSE:WMT), Cobalt International Energy (CIE), Colony Capital (CLNY)

Recommended Mix Momentum Stocks: Wal-Mart Stores (NYSE:WMT), Cobalt International Energy (CIE), Colony Capital (CLNY)

Wal-Mart Stores Inc. (NYSE:WMT) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.23% to close at $72.40 with the total traded volume of 7.3 Million shares. Wal-Mart Stores Inc. (WMT) reported that it will stop accepting Visa Inc. credit cards at all 16 of its stores in the Canadian province of Manitoba as of Oct. 24, extending a ban that began two months ago in Thunder Bay, Ontario.

Wal-Mart’s Canadian unit has threatened to expel Visa from all 406 of its stores nationwide unless the network agrees to lower the amount it charges for credit-card transactions. Walmart Canada, which pays over C$100 million ($76 million) to accept credit cards yearlyly, called the fees Visa charges “unacceptably high” in a June 11 statement on its website. The firm has institutional ownership of 29.90%, while insider ownership included 0.70%. Its price to sales ratio ended at 0.47. WMT attains analyst recommendation of 2.90 with week performance of 0.79%.

Cobalt International Energy, Inc. (NYSE:CIE) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -3.33% to $0.87. Cobalt International Energy, Inc. (CIE) released that it has entered into an amendment to its drilling contract with Rowan (UK) Reliance Limited, an associate of Rowan Companies plc, which offers for the early termination of Cobalt’s long term drilling contract for the Rowan Reliance drillship.

The drilling contract was originally planned to terminate on February 1, 2018 and the Amendment offers for a contract termination date of March 31, 2017. Additionally, per the Amendment, Cobalt will save 45% of the contract value among the original termination date and the new termination date, or about $80 million, and will pay to Rowan the remainder of about $98 million. Cobalt also commits to use Rowan as its exclusive provider of drilling services for five years at market rates as determined by normal indices. The share price of CIE attracts active investors, as stock price of week volatility recorded 13.07%. The stock is going forward to its 52-week low with 12.99% and lagging behind from its 52-week high price with -90.77%.

Colony Capital, Inc. (NYSE:CLNY) [Trend Analysis] climbed reacts as active mover, shares an advance 1.30% to traded at $17.98 and the percentage gap among open changing to regular change was -0.62%. The firm past twelve months price to sales ratio was 2.20 and price to cash ratio remained 9.47. As far as the returns are concern, the return on equity was recorded as 4.10% and return on investment was 3.60% while its return on asset stayed at 1.20%. The firm has total debt to equity ratio measured as 0.00.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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