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How to Play a Possible Obama Oil Price Bump
Friday, July 1, 2011 - 12:46pm | 810It's only been a week since the Obama Administration announced it, along with many other nations, was releasing a total of 60 million barrels of crude oil, including 30 million alone from the US strategic oil reserves. The official reasoning was that the US reserves were at capacity and this...
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Honda June Sales Down 24.3%
Friday, July 1, 2011 - 12:31pm | 73American Honda Motor Co., Inc., (NYSE: HMC) posted June sales of 83,892 vehicles, a decrease of 24.3 percent, based on the daily selling rate*, the company announced today. American Honda year-to-date sales reached 607,442, an increase of 1.6 percent versus last year, based on the daily selling...
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Nissan June Sales Up 11.4%
Friday, July 1, 2011 - 11:32am | 51Nissan North America, Inc. (NSANY) today reported June U.S. sales of 71,941 units versus 64,570 units a year earlier, an increase of 11.4 percent. Nissan Division sales increased 16.7 percent for the month at 65,659 units. Sales of Infiniti vehicles decreased 24.3 percent from the prior year, to 6...
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Ford June Sales Up 14%
Friday, July 1, 2011 - 11:02am | 76Ford's (NYSE: F) June sales totaled 194,114, up 14 percent versus a year ago. Cars and utilities posted the largest gains, while trucks also posted increases, rebounding from May. Ford's two all-new small cars combined for 26,920 sales in June, up 66 percent versus a year ago. Fiesta sales were 5,...
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GM June U.S. Sales up 11%
Friday, July 1, 2011 - 9:46am | 67General Motors (NYSE: GM) dealers in the United States reported 215,358 total sales in June, an 11-percent gain compared to June 2010. The gain was the result of continued solid retail demand for the company's wide selection of fuel-efficient vehicles. Retail sales for GM's brands rose 16 percent...
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Previewing & Trading Today's Economic Reports -July 1, 2011
Friday, July 1, 2011 - 7:07am | 307Despite today being the day before a long weekend, there is a lot of market moving data coming out today, with the key reports being the Michigan sentiment and the ISM data out 30 minutes into the start of trading. At 9:55 a.m., the final reading for June Michigan sentiment is going to be released...
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Stocks To Watch For July 1
Thursday, June 30, 2011 - 11:20pm | 303Some of the stocks that may grab investor focus today are: Apollo Group Inc (NASDAQ: APOL) reported upbeat third-quarter results and projected FY11 revenue above estimates. Apollo expected FY11 consolidated revenue of $4.65 to $4.75 billion, versus analysts' estimates of $4.67 billion. Apollo's...
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Thursday's Mid-Day Options Volume Leaders
Thursday, June 30, 2011 - 12:06pm | 84Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 125,541 contracts, 61.0% calls, 39.0% puts 2. Apple Inc. (NASDAQ: AAPL) 116,836 contracts, 49.0% calls, 51.0% puts 3. Ford Motor Co. (NYSE: F) 74,298 contracts, 82.9% calls, 17.1% puts 4. eBay Inc. (NASDAQ: EBAY) 71,...
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Will Rare Earth Stocks Be Hurt By Surprise Oil Release?
Wednesday, June 29, 2011 - 11:48am | 656The recent release of 60 million barrels of oil will artificially lower the price. The high oil price has been the best catalyst for clean energy production and fuel efficient vehicles. Increasing the supply of oil may be pushing down the demand for rare earths, uranium, and lithium only in the ...
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Top Pre-Market Gainers and Losers
Wednesday, June 29, 2011 - 6:41am | 192Gainers: Portage Resources (PINK: POTG) is up over 12%. Westport Innovations (NASDAQ: WPRT) is up over 7% after the company announced a deal with General Motors (NYSE: GM) to develop natural gas-powered engines. LinkedIn (NASDAQ: LNKD) is up over 6% after JP Morgan initiated coverage of the...
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Commodities Catch a Bid 6/28/11
Tuesday, June 28, 2011 - 3:23pm | 484Crude advanced 2.30% as of this post and is on the verge of penetrating the 9 day MA for the first time in nearly three weeks. A settlement above $94 in August should be followed by a trade up to at least $98 in the coming weeks. The fact that the distillates are finding a bottom should lend to a...
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Benzinga's Volume Movers
Tuesday, June 28, 2011 - 9:39am | 172Copart Inc (NASDAQ: CPRT) shares surged 1.41% to $46.07 at 10:38 am. The volume of CPRT shares traded was 1210% higher than normal. CPRT's trailing-twelve-month operating margin is 30.74%. Standard Microsystems Corporation (NASDAQ: SMSC) shares moved up 6.04% to $25.46. The volume of SMSC shares...
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Benzingas Top Pre-Market NASDAQ Gainers
Tuesday, June 28, 2011 - 7:18am | 126Westport Innovations Inc (NASDAQ: WPRT) shares advanced 6.23% to $22.85 in the pre-market session. WPRT signed an agreement with General Motors (NYSE: GM) to help develop advanced natural gas engine technology. SIGA Technologies Inc (NASDAQ: SIGA) shares advanced 5.34% to $11.45 in the pre-market...
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Westport Signs Agreement with General Motors to Research Advanced Natural Gas Engine Technology for Light-Duty Vehicles
Tuesday, June 28, 2011 - 7:04am | 199Westport Innovations Inc. (NASDAQ: WPRT) today announced that it has entered into an agreement with General Motors (NYSE: GM) to help develop advanced natural gas engine technology. Both General Motors and Westport will bring their extensive expertise to develop natural gas engine controls,...
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News Summary for June 28, 2011
Tuesday, June 28, 2011 - 6:56am | 358This is your Benzinga news summary and traders' outlook for Tuesday, June 28, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower after posting gains yesterday. The U.S. dollar is trading...