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Market Buzz: Delta Air Lines, Inc. (NYSE:DAL), Seadrill Ltd (NYSE:SDRL), Hertz Global Holdings, Inc. (NYSE:HTZ)

Boston, MA 02/26/2014 (wallstreetpr) – Delta Air Lines, Inc. (NYSE:DAL) has joined the chorus of U.S. airlines operators that are calling on Arizona Gov. Jan Brewer decline the bill that seeks to refuse service to gay people on religious grounds. The controversial piece of legislation sailed through the state senate and now awaits signing or veto by the governor by Saturday. But calls have intensified for the governor to veto the bill and some companies have warned of job losses and shutdown if the bill goes through. DAL issued a statement saying that together with other companies it believes in appreciating the diversity of its employees and customers globally. And that the bill in question would effectively challenge its global value to serve customers from all walks of life. Shares of Delta Air Lines, Inc. (NYSE:DAL) were up 2.43 percent to $33.24 in the last session.

Seadrill Ltd (NYSE:SDRL) has always known the drill in keeping investors in love with it, but not this time around. The stock whose reputation is built widely on fat dividends was last seen down almost 7 percent after it failed profit target and ended up issuing weak guidance. SDRL announced profit of $0.75 per share, falling short of $0.77 target that analysts had observed. Even attempts by the company to boost its dividend by three more cents to $0.98 per share didn’t work to please investors. The company made it clear that its weak guidance is out of the reality that oil drilling activities in the global market will drop as companies divert cash to pay dividends. The stock of SDRL settled at $35.31 after losing $2.37. More other drilling stocks suffered alongside Seadrill Ltd (NYSE:SDRL).

Hertz Global Holdings, Inc. (NYSE:HTZ) which recently announced an attractive deal in the U.K. was all green Tuesday on NYSE. The company which operates global car rental business gained 1.85 percent in the regular session to send its share prices to $28.02. The last session market a day when the stock escalated to $28.06, having opened at $27.19. The $12.58 billion market capped Hertz Global Holdings, Inc. (NYSE:HTZ) remains in the 52-week range of $18.82 low and $29.81 high.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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