Postal Service (USPS).
On Thursday after the stock market closed, Stamps.com's chairman and CEO Kenneth Thomas McBride told analysts that the online shipping and mailing company no longer wished to maintain an exclusivity with the USPS alone, and instead was looking to forge collaborations with other carriers like FedEx and United Parcel Service too. USPS did not agree to the proposal, and this apparently led to Stamps.com deciding to end its partnership with the former. McBride is apparently also keen on leveraging Amazon’s foray into the shipping space.
McBride mentioned that the company finds it unviable to continue being exclusive with just the Postal Service, since “customers can no longer survive on just the USPS” according to McBride.He has also indicated that Amazon is fast emerging as a potent force in the shipping sector especially with the latter’s fast delivery services, and hinted that working with Amazon is the smart thing to do.
Stamps.com Inc. forecast full-year profit that was nearly half of the average of analysts’ estimates, as it ended a crucial partnership with the U.S.Shares plunged over 50 percent in post-market trade.
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Oil and gas exploration company Cabot Oil & Gas (NYSE: COG) saw a bullish pattern develop on its daily chart recently and that pattern is called Three Rising Valleys.The incremental jumps in the low prices form the pattern.
The daily stochastic readings were in oversold territory and made a bullish crossover on Monday and that is also a possible bullish sign for the stock.
The A.I.dvisor Trend Prediction tool generated a bullish signal on Cabot Oil & Gas on February 7.
Historically, weather patterns have been the major driver behind price movement in the natural gas market.But with U.S. natural gas now being exported globally in the form LNG, there is a new variable adding potential volatility to the market.
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The company told CNBC that "only a small percent" of accounts were possibly affected.It also advised customers to avoid re-using password from other online accounts.
Share prices of Gulfport Energy Corporation (GPOR) soared by more than +10% in Monday’s trading session.
This sudden surge may have owed to GPOR’s strong third-quarter results, but the major catalyst was arguably the big uptick in natural gas prices due to colder weather forecasts.
As weather forecasters predicted a blast of cold air could hit the U.S. this week, natural gas prices surged by ~8% in Monday’s early-morning trading -- in expectation of much higher heating demand than previously expected.As a result, natural gas prices traded higher by 7.5% to $3.53 MMBtu on Monday and are now up +18% year-to-date.
Cooler temperatures across the Great Plains and Midwest are expected to bring more rain and snow in the region, which in turn is likely to fuel increased demand for natural gas to heat homes.
The fast pace growing industry of Cannabis is opening a lot of opportunity for women, and they are taking full advantage of it.According to a Marijuana Business Daily, women are holding 27% of the C-Suite jobs (Chief level positions).