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Coal Stocks Lose Some Of Their BTU
Tuesday, July 5, 2011 - 9:55am | 293This morning, the leading coal stocks started the morning very strong. Since the gap higher open, many of these leading coal stocks have pulled back off their early highs. This industry group looks to have started the morning higher after a pipe broke in the Yellowstone River that was owned by...
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Cook Elected to Marathon Oil Board
Tuesday, July 5, 2011 - 7:33am | 30Marathon Oil Corporation (NYSE: MRO) announced today that Linda Z. Cook has been elected to the Company's board of directors, effective July 1, 2011.
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Kosmos Energy Provides Operational Update
Tuesday, July 5, 2011 - 7:09am | 394Kosmos Energy (NYSE: KOS) today provided an update on the company's operations in Ghana, Cameroon and Morocco. Kosmos will drill an additional well as part of its 2011 exploration campaign offshore the Republic of Ghana on the West Cape Three Points Block. The company has secured additional rig...
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Biggest Pre-Market Winners and Losers
Tuesday, July 5, 2011 - 6:42am | 167Winners: Novozymes A/S (PINK: NVZMF) is up over 6%. Apollo Group (NASDAQ: APOL) is up over 5%. Marathon Oil (NYSE: MRO) is up over 4% after completing spinoff of oil refiner. Dendreon (NASDAQ: DNDN) is up over 3.50%. Cablevision Systems (NYSE: CVC) is up nearly 3.50%. Losers: Discover...
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Western Gas Partners Agrees to Acquire Facility From Anadarko Petroleum for $130M
Tuesday, July 5, 2011 - 6:01am | 54Western Gas Partners (NYSE: WES) today announced that it has agreed to acquire the Bison gas treating facility and related assets located in the Powder River Basin from Anadarko Petroleum Corporation (NYSE: APC) for total consideration of $130 million.
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US Stock Futures Up Ahead Of Factory-Orders Data
Tuesday, July 5, 2011 - 5:15am | 316US stock futures are higher this morning, as investors are awaiting factory-orders data. Futures on the Dow Jones Industrial Average surged 31 points to 12,545.00 and futures on the S&P 500 stock index rose 1.70 points to 1,336.50. Nasdaq 100 futures gained 10.00 points to 2,365.25. US stocks...
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Stocks To Watch For July 5
Tuesday, July 5, 2011 - 3:05am | 181Some of the stocks that may grab investor focus today are: The New York Times Company (NYSE: NYT) sold more than half of its minority ownership in the Boston Red Sox. NYT shares dropped 0.11% to close at $8.71 on Friday. Whirlpool Corp (NYSE: WHR) said that the United States District Court of...
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Sunday Morning Coffee
Sunday, July 3, 2011 - 7:31am | 621I wanted to follow up on yesterday's post about portfolio construction at the sector level with a look at some ideas on how to construct each sector, the context being that a portfolio is built at the sector level and benchmarked to the the S&P 500 with decisions about overweighting,...
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Top Ten Highest-Paid CEOs
Friday, July 1, 2011 - 3:28pm | 427Life is good at the top, isn't it? In a time when millions of Americans are unemployed and millions more are vastly underemployed, the very top of the food chain — corporate CEOs — raked in some pretty ridiculous cash. How ridiculous? You could take the top 299 CEOs most recent compensation and,...
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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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Bank of America Reiterates Buy on Marathon Oil, New PT at $52
Friday, July 1, 2011 - 8:10am | 51Bank of America reiterated its Buy rating on Marathon Oil (NYSE: MRO). The new price target on the company's stock was placed at $52. On Thursday, Marathon Oil closed the day at $52.58. Its shares suffered horrible losses in today's pre-market trading, however, falling 35.84% to $33.80.
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Benzinga's Top Upgrades
Friday, July 1, 2011 - 7:25am | 107Analysts at JP Morgan upgraded Murphy Oil Corp (NYSE: MUR) from “underweight” to “neutral.” MUR's shares closed at $65.66 yesterday. Murphy Oil's trailing-twelve-month revenue is $25.52 billion. Analysts at UBS upgraded Westpac Banking Corp (NYSE: WBK) from “neutral” to “buy.” WBK's shares closed...
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Credit Suisse Updates 7/1
Friday, July 1, 2011 - 7:14am | 364Credit Suisse made a number of updates in a research report published today. Marathon Petroleum Corp (NYSE: MPC) had its coverage initiated with an Outperform rating and a price target of $55. On Thursday, MPC added 3.32% to its value to finish the day at $41.40. Its shares lost 1.57% of their...
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Benzinga's Top Downgrades
Friday, July 1, 2011 - 7:11am | 144Analysts at Deutsche Bank downgraded Advisory Board Company (NASDAQ: ABCO) from “buy” to “hold.” ABCO's stock closed at $57.88 yesterday. Advisory Board's PEG ratio is 1.55. Analysts at JP Morgan downgraded BioMimetic Therapeutics Inc (NASDAQ: BMTI) from “overweight” to “neutral.” BMTI 's shares...
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UPDATE: J.P. Morgan Upgrades Murphy Oil to Neutral
Friday, July 1, 2011 - 7:02am | 129J.P. Morgan is out with its report today on Murphy Oil (NYSE: MUR), upgrading MUR from Underweight to Neutral. In a note to clients, J.P. Morgan writes, "We are upgrading shares of MUR from UW to N, believing that the remainder of 2011 holds a more balanced risk-reward outlook. We expect news flow...