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Five New ETFs To Buy Now
Tuesday, July 12, 2011 - 3:26am | 660Not all of them have been good ideas and not all of them will be around five years from now, but ETF issuers have been firing off new ETFs and ETNs at a rapid pace this year as the March-June period saw over 150 new funds come to market. Choice is always good for investors, but as has been noted...
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Chevron Expects Q2 Earnings to Be Higher Than Q1
Monday, July 11, 2011 - 4:01pm | 65Chevron Corporation (NYSE: CVX) today reported in its interim update that earnings for the second quarter 2011 are expected to be higher than in the first quarter 2011. Upstream results are projected to improve between sequential quarters, benefiting from higher crude oil prices. Downstream...
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Momma Mia! The Only Chart You Need To Follow
Monday, July 11, 2011 - 9:18am | 222This morning, the major stock indexes are trading lower as the problems in Italy and the European Union seem to be growing by the minute. The U.S. Dollar Index (DX U1) was soaring higher ahead of the opening bell, trading as high as $76.37 per contract. Since that high print at 9:10 am EST, the U.S...
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Deutsche Bank Updates 7/11/11
Monday, July 11, 2011 - 6:49am | 998Deutsche Bank made a number of updates in a research report published today. Affymetrix (NASDAQ: AFFX) had its rating maintained at Hold. At the same time, its price target has been raised from $6 to $7. On Friday, AFFX added 3.03% to its value to end the week at $6.79....
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Deutsche Bank Integrated Oil PT Changes on 7/11
Monday, July 11, 2011 - 5:08am | 73Deutsche Bank has changed price targets on the following companies: Hess Corporation (NYSE: HES) - Buy, tgt $105 to $90, Murphy Oil (NYSE: MUR) - Hold, tgt $85 to $75, Occidental Petroleum (NYSE: OXY) - Buy, tgt $125 to $120, ConocoPhillips (NYSE: COP) - Hold, tgt $85 to $80,
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Conoco's Vietnam Assets May Be On The Block
Monday, July 11, 2011 - 2:54am | 184ConocoPhillips (NYSE: COP), the third-largest U.S. oil company, is reportedly looking to sell stakes in three oil and natural gas projects off the coast of Vietnam to PetroVietnam, that country's state-run oil producer. PetroVietnam, which has the right of first refusal, confirmed its interest in...
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How to Lose Money: Buy Stocks With "China" In the Name
Friday, July 8, 2011 - 3:12pm | 274The recent collapse in the share price of Chinese reverse mergers is at this point widely known. But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security? Here are the performances of securities on the NYSE, containing the word "China,"...
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Can The U.S. Dollar Index Decline Save Markets?
Friday, July 8, 2011 - 9:13am | 314This morning, the major stocks indexes are declining sharply after the weak non-farm payroll report was released by the U.S. Labor Department. The government reported just 18,000 jobs created, meanwhile, the unemployment rate increased to 9.2 percent. Normally, when the U.S. Dollar Index declines...
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UPDATE: Morgan Stanley Initiates Marathon Oil at Equal-Weight
Friday, July 8, 2011 - 6:19am | 118Morgan Stanley is out with its report today on Marathon Oil (NYSE: MRO), initiating MRO at Equal-Weight. In a note to clients, Morgan Stanley writes, "Initiating on the new MRO at Equal-weight. After recent 24% relative outperformance, we see more balanced risk-reward versus peers. With ~25% base...
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Morgan Stanley Initiates Marathon Oil At Equal-weight, $41 PT
Friday, July 8, 2011 - 5:40am | 26Morgan Stanley has initiated coverage on Marathon Oil Corporation (NYSE: MRO) with an Equal-weight rating and $41 price target.
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Benzinga's Top ETF Gainers, July 7th (SGG, SOXL, EDC, FAS)
Thursday, July 7, 2011 - 6:48pm | 208iPath Dow Jones-UBS Sugar Subindex Total Return ETN (NYSE: SGG) gained 5.97% today as sugar futures traded sharply higher. SGG closed at $98.97, and had a volume of 119K traded shares. Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded 5.91% higher, and closed at $49.10. In the...
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Pritchard Capital Terminates Coverages
Thursday, July 7, 2011 - 3:41pm | 82Pritchard Capital terminated coverage of Cimarex Energy (NYSE: XEC), ultra Petroleum (NYSE: UPL), EOG Resources (NYSE: EOG), Murphy Oil (NYSE: MUR), Comstock Resources (NYSE: CRK), and Unit (NYSE: UNT) in research reports published today.
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Home on the Range
Thursday, July 7, 2011 - 2:25pm | 317Shares of YPF SA (NYSE: YPF) are trading lower on the session by 0.20%, at $46.03. They gapped higher this morning, touching an intra-day high of $46.60, before pulling back and going negative. This is notable given the fact that shares of YPF are trading at the tip-top of its four-month trading...
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Oil Prices: Looking Back One Year for Clues
Thursday, July 7, 2011 - 11:18am | 633Last year at this time, I recommended one specific oil investment to buy in order to take advantage of rising prices. Before I review this investment, I'd like to discuss why this time of year might be the best time to add to or build a position in oil investments. As I noted this time last year...
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Wild Ride For U.S. Dollar Index
Thursday, July 7, 2011 - 8:59am | 327This morning, the major stock market indexes are surging higher after a strong ADP payroll report. The European Union is rallying higher this morning as well, however, for a different reason. The European Central Bank(ECB) President Jean Claude Trichet raised interest rates in the European Union by...