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The U.S. Dollar Index Soars As Fear Takes Over
Thursday, August 18, 2011 - 9:08am | 218This morning, the U.S. Dollar Index futures (DX U1) are soaring higher by 0.53 cents to $74.29 per contract. As we all know by now, when the U.S. Dollar Index trades higher the major stock indexes will usually come under selling pressure. Selling pressure might be an understatement, the Dow Jones...
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Fast Money Picks For August 18th (PBR, FRX, TGT, AMZN)
Wednesday, August 17, 2011 - 6:01pm | 176On CNBC's Fast Money, Tim Seymour recommended a long position in Petroleo Brasileiro SA (ADR) (NYSE: PBR). Petroleo Brasileiro SA (ADR) (PBR) gained 1.24%, and it closed at $29.37. Guy Adami believes that Forest Laboratories, Inc. (NYSE: FRX) is a buy. Forest Laboratories, Inc. (FRX) fell 2.44%...
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Benzinga's Top ETF Decliners, August 17th (BHH, TMV, BZQ, TAN)
Wednesday, August 17, 2011 - 5:34pm | 196B2B Internet HOLDRs (ETF) (NYSE: BHH) led the decliners among the ETFs on Wednesday, with a loss of 10.02%. BHH closed at $0.873, and it had a volume of 159K traded shares. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) lost 5.00%, and it closed at $23.18. TMV closed its third...
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Banks And Oil Keep Market From Collapsing
Wednesday, August 17, 2011 - 12:58pm | 260After early strong gains, the stock markets started to sell. This was driven by a stronger Dollar in late morning trading and continued fear from Europe. The markets are hovering in a range over the last three trading days. This is known as consolidation and bullish as long as the pattern does not...
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The Stock Market Searches For Life And Direction
Wednesday, August 17, 2011 - 11:01am | 307The stock market surged higher out of the gate today. Yesterday, Chancellor Merkel and President Sarkozy had a press conference where they ripped southern Europe and said straighten up or get out of the Eurozone. This initially shocked the market into selling yesterday. However, the markets showed...
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Notable Call Options Activity in Statoil
Wednesday, August 17, 2011 - 10:46am | 82Shares of Statoil (NYSE: STO) are higher on the session by 3.36%, currently trading at $23.98. The stock has been moving largely higher over the past week and is currently trading above the 50-day average. Options traders are focusing on calls today. A short while ago the October 2011 $30.00 call...
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The Inverse Relationship That You Should Know
Wednesday, August 17, 2011 - 10:16am | 178Once again, the S&P 500 Index is trading inverse to the U.S. Dollar Index. Traders can clearly look at the chart below and see how the major stock indexes deflate as soon as the U.S. Dollar Index trades higher. While this inverse relationship has been intact for over ten years, it is even more...
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Are BP, Chevron and Exxon Mobil Hurting Apple's Sales?
Wednesday, August 17, 2011 - 10:02am | 236Global Equities Research has the answer. While no one can say for certain that Chevron Corp. (NYSE: CVX), Exxon Mobil (NYSE: XOM), or BP (NYSE: BP) personally hurt Apple's (NASDAQ: AAPL) sales this summer, it seems as if the high price of gas could be responsible for Mac's decline. That's...
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ExxonMobil Affiliates Sell Shares of Malaysian Downstream Businesses to San Miguel Corporation
Wednesday, August 17, 2011 - 7:58am | 171ExxonMobil (NYSE: XOM) affiliates and San Miguel Corporation have reached agreements for the sale of ExxonMobil's interest in three businesses operating in the Malaysian Downstream petroleum sector. The agreements includes ExxonMobil's 65% stake in the publicly traded company Esso Malaysia Berhad...
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Tech Has Early Short Circuit
Tuesday, August 16, 2011 - 9:44am | 243This morning, it is the tech heavy NASDAQ Composite that is leading all of the major stock indexes lower. The NASDAQ Composite is declining lower by 1.49 percent. Many of the market leading NASDAQ stocks are coming under heavy selling pressure and this is certainly weighing down the index. Apple...
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Energy Stocks Lose Steam Early
Tuesday, August 16, 2011 - 9:33am | 242This morning, the leading energy stocks are coming under early selling pressure. The catalyst for the early decline in many of the energy stocks is due to the stronger U.S. Dollar Index. When the U.S. Dollar Index trades higher on the trading session the major energy and commodity stocks will come...
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News Summary for August 16, 2011
Tuesday, August 16, 2011 - 6:44am | 642This is your Benzinga news summary and traders' outlook for Tuesday, August 16, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. At last check, Dow futures are down over 100 points and the U.S....
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Benzinga's Top Upgrades
Tuesday, August 16, 2011 - 6:37am | 133Benchmark Company upgraded Hess Corporation (NYSE: HES) from “sell” to “buy.” Hess' shares closed at $60.21 yesterday. Hess' PEG ratio is 0.64. Analysts at Credit Suisse upgraded Allergan Inc (NYSE: AGN) from “neutral” to “outperform.” AGN's shares closed at $74.75 yesterday. Allergan's trailing-...
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A Peek Into The Market Before The Trading Starts
Tuesday, August 16, 2011 - 6:30am | 383Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 107 points to 11,296.00 and S&P 500 index futures fell 16.20 points to 1,182.20. Nasdaq 100 futures dropped 27.75 points to 2,178.75. A Peek...
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UPDATE: Benchmark Upgrades Hess Corporation from Sell to Buy and Raises PT from $64 to $70
Tuesday, August 16, 2011 - 6:08am | 121Benchmark has published a research report on Hess Corporation (NYSE: HES) raising the rating and price target for the global energy company. In the report, Benchmark wrote, "Based primarily upon the favorable drilling results being achieved on the additional Bakken Shale acreage (approximately...