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Benzinga's Top ETF Decliners, June 24th (SOXL, AGQ, ERX, TQQQ)
Friday, June 24, 2011 - 7:00pm | 172Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded 7.15% lower on Friday on the weakness in the semiconductor space. Cisco Systems, Inc. (NASDAQ: CSCO) dropped 3.49%, and closed at $14.93. ProShares Ultra Silver (ETF) (NYSE: AGQ) traded lower today for the third consecutive trading...
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The U.S. Dollar Index Flexes Early Muscle
Friday, June 24, 2011 - 9:24am | 290When the U.S. Dollar Index(DXY) rallies higher the major stock market indexes will come under pressure and deflate lower. That is exactly what is happening this morning at the start of the trading day. As soon as the DXY traded higher everything in the market sold off, especially commodity related...
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International Energy Agency (IEA) Releases 60 Million Barrels of Oil
Thursday, June 23, 2011 - 3:18pm | 367Yesterday, Federal Reserve Chairman Ben Bernanke announced the potential for a third round of quantitative easing only IF economic conditions continue to decline in the United States. He predicted that “inflation will subside as the effects of past energy and other commodity price...
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Two New RAFI Fundamental Pure Style ETFs From PowerShares
Thursday, June 23, 2011 - 2:59pm | 673Last week (6/16/11), PowerShares rebranded seven of the nine ETFs in its suite of “Dynamic” style box ETFs as “Fundamental Pure” style box ETFs. For some reason, the PowerShares Dynamic Large Cap Growth Portfolio (PWB) and PowerShares Dynamic Large Cap Value Portfolio (PWV) were excluded from this...
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Bank Of America Comments On Marathon Oil Split
Thursday, June 23, 2011 - 8:19am | 159According to Bank Of America, Marathon Oil (NYSE: MRO) will formally split in two on 6/30. Bank Of America said that, in preparation for the split Marathon Petroleum Corporation will debut on a ‘when issued' basis, under the symbol MPC, with a third quote MROwi listed to represent pro-forma value...
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Mad Money Lightning Round: Cramer Likes Verizon
Wednesday, June 22, 2011 - 11:17pm | 223On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Verizon (NYSE: VZ) “should be a core position in your portfolio. They have growth and yield." Cramer advises investors to sell Youku.com (NYSE: YOKU). He added, “This decline is not a buying opportunity. Baidu.com (NASDAQ: BIDU)...
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Transocean study blames BP
Wednesday, June 22, 2011 - 6:19pm | 93The owner of the Deepwater Horizon rig that caught fire and exploded in the Gulf of Mexico last year largely blames oil giant BP (BP), which owned the well, for the disaster. Eleven rig workers died and an estimated 206 mil gallons of oil spewed into the Gulf. A Transocean (RIG) report said the...
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 4:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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Benzinga's Top ETF Gainers, June 22nd (AGA, FXP, EPV, NUGT)
Wednesday, June 22, 2011 - 4:40pm | 218PowerShares DB Agriculture Double Short ETN (NYSE: AGA) gained 4.04% on Wednesday, and it closed at $18.04. The Front month wheat futures dropped more than 5%, while corn futures lost more than 4%. ProShares UltraShort FTSE/Xinhua China 25 (NYSE: FXP) added 3.63%, and it closed at $29.42. CNOOC...
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Transocean Announces Release of Internal Investigation Report on Causes of Macondo Well Incident
Wednesday, June 22, 2011 - 6:27am | 201Transocean Ltd. (NYSE: RIG) today announced the release of an internal investigation report on the causes of the April 20, 2010, Macondo well incident in the Gulf of Mexico. Following the incident, Transocean commissioned an internal investigation team comprised of experts from relevant technical...
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Mad Money Lightning Round: Cramer Likes MAKO Surgical, John Deere
Tuesday, June 21, 2011 - 11:42pm | 308On CNBC's Mad Money, Jim Cramer said during the Lightning Round that MAKO Surgical (NASDAQ: MAKO) is a “company that has strong momentum. They've got the mojo." Cramer doesn't recommend buying Bitauto Holdings (NYSE: BITA). He said, "It's time to cut and run and take your losses. No Chinese...
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"Aera!" 06-21-2011
Tuesday, June 21, 2011 - 5:18pm | 887Cusick's Corner All quiet on the western front and that is how the After Hours market finished up with market players waiting on the Greek vote and the FOMC statement tomorrow. The scope of this latest two-day run has been solid but the volume has been low and sentiment, which was previously very...
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Market Bubbles then Fizzes 06-21-2011
Tuesday, June 21, 2011 - 2:30pm | 1058Cusick's Corner Plop, Plop, Fizz, Fizz, - oh what a rally relief it is. The market has bubbled up and now pulled off the highs going into the Midday. The Housing data came in a little better than expected this morning but the market into the Midday hit resistance, 1291 on the S&P Continuous...
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Is This the Most Important Juncture In History?
Tuesday, June 21, 2011 - 9:50am | 1038By Todd Harrison I would like to start today's vibe by making a statement: I want to be bullish in here. I will follow with an old school axiom: Hope is not a viable investment vehicle. We've dutifully weighed both sides of the market ride, and a few weeks ago offered that The Critter Compass...
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Checking In: Oslo Here We Come
Tuesday, June 21, 2011 - 9:34am | 347Since the melodrama that is fiscal life for Europe's PIIGS started in earnest in 2010, one region of Europe has stood head and shoulders above the rest when it comes to being a safe haven for investors and a shinning star in terms of generating alpha: The Nordic region. Of course, Iceland is to be...