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Under The Hood: Big Opportunities With Small Oil?
Thursday, June 16, 2011 - 1:34pm | 523There are easier things to do in the ETF business than try to capture investors' attention with a new equity-based oil ETF. Without making the leap to saying this niche of the ETF universe is saturated, it is fair to say that a few ETFs such as the Oil Services HOLDRs (AMEX: OIH), the Energy Select...
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Oil & Gas Sector Bouncing Back
Thursday, June 16, 2011 - 11:56am | 434The Oil & Gas Sector, which took a beating in yesterday's trading session, is leading the market in today's action, currently up 1% on the day. The best performing stocks in the S&P 500 Oil & Gas Sector currently are: 1) Cabot Oil & Gas (NYSE: COG): Shares of Cabot Oil & Gas...
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Stock Market Alert: Understanding The Markets Bounce
Thursday, June 16, 2011 - 11:32am | 295Speculation continues to swirl over the next Greek bailout. After the massive decline in the markets yesterday, today there is more calm. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $127.93, +.91 (+0.72%). It appears the latest rumor is that a Greek aid package may be on its way regardless...
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Thursday's Put/Call Ratio Leaders
Thursday, June 16, 2011 - 11:11am | 83Here are today's Put/Call Ratio leaders… 1. CA Inc. (NASDAQ: CA) 6,305 puts, 19 calls 2. American Tower Corp. (NYSE: AMT) 3,354 puts, 15 calls 3. Eagle Bulk Shipping Inc. (NASDAQ: EGLE) 13,369 puts, 127 calls 4. Applied Micro Circuits Corp. (NASDAQ: AMCC) 3,713 puts, 64 calls 5. Murphy Oil Corp. (...
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IBM Celebrates 100th Birthday
Thursday, June 16, 2011 - 10:57am | 251The news is a surprise to many who maybe believed that IBM (NYSE: IBM) have only ever made computers, but IBM is actually a full 100 years old today. This is an incredible feat for the company, whose full name is International Business Machines, particularly when considering the field that it...
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GE Oil & Gas Awarded 4-Year, $120M Subsea Service Contract to Maintain Petrobras' Campos Basin
Thursday, June 16, 2011 - 9:45am | 86Petróleo Brasileiro S.A. (NYSE: PBR) has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras' fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes...
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Can The U.S. Dollar Index Decline Enough To Keep Markets Afloat?
Thursday, June 16, 2011 - 9:22am | 236Before the opening bell rang at the New York Stock Exchange, the U.S. Dollar Index was surging higher again. Around 8:35 am EST, the U.S. Dollar Index began to decline. Once the U.S. Dollar Index began to sell off the major stock market indexes started to rally and trade higher. It is important to...
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ConocoPhillips to Explore Offshore Bangladesh in the Bay of Bengal
Thursday, June 16, 2011 - 7:05am | 59ConocoPhillips (NYSE: COP) today announced it has signed a Production Sharing Contract with the Government of Bangladesh and Petrobangla covering two blocks in the deepwater area of the Bay of Bengal, representing ConocoPhillips' first investment in the People's Republic of Bangladesh....
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Benzinga's Top ETF Decliners, June 15th (DZK, UCO, EDC, ERX)
Wednesday, June 15, 2011 - 6:38pm | 221Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) led the decliners among the ETFs on Wednesday, with a decline of 9.97%. DZK closed at $62.86, and it had a volume of 56K traded shares. ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) lost 7.67% today as crude oil dropped below $95. The...
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Benzinga's Top ETF Gainers, June 15th (TVIX, DPK, EPV, SCO)
Wednesday, June 15, 2011 - 6:22pm | 176VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) spiked 16.84% on Wednesday, and it closed at $24.14. TVIX had a volume of 3.48M traded shares, and its average volume is 1.22M shares. Direxion Daily Developed Markets Bear 3x Shares(ETF) (NYSE: DPK) gained 9.80% as Rio Tinto plc (ADR) (NYSE...
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Oil & Gas Sector Getting Nailed
Wednesday, June 15, 2011 - 12:16pm | 282The oil & Gas Sector is one of the worst performing areas in the market today, currently trading down 1.7% on the session. A 3% plunge in crude oil futures is fueling the drop. The worst performing stocks in the S&P Oil & Gas Sector currently are: 1) Hess Corporation (NYSE: HES):...
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Stock Market Update: Blood In The Street
Wednesday, June 15, 2011 - 11:32am | 279After a one day stock market rally, all hell has broken loose again. This can be blamed on multiple factors but mainly the Euro collapse because of Greece and the Dollar surging in response. As the U.S. Dollar surges, the markets sell sharply. This inverse relationship has been intact for years now...
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Benchmark Reiterates Sell and PT of $64 on Hess Corporation
Wednesday, June 15, 2011 - 7:57am | 95Benchmark reiterated its Sell rating on Hess Corporation (NYSE: HES). At the same time, Benchmark left its price target on the company's stock unchanged at $64. In a research report published today, Benchmark states, "We reaffirm our cautious posture on HES shares as the $9.00 per share premium to...
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Benzinga's Top Upgrades
Wednesday, June 15, 2011 - 7:04am | 142FBR Capital upgraded SL Green Realty Corporation (NYSE: SLG) from “market perform” to “outperform.” SLG's shares closed at $82.44 yesterday. SL Green Realty's trailing-twelve-month operating margin is 38.80%. Analysts at JP Morgan upgraded Swift Transportation Co LLC (NYSE: SWFT) from “neutral” to...
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Mad Money Lightning Round: Cramer Dislikes JPMorgan
Tuesday, June 14, 2011 - 11:32pm | 219On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Kodiak Oil & Gas (AMEX: KOG) is a “good spec, but it is a spec.” He added, “We're not talking Exxon Mobil (NYSE: XOM), we're talking about a little company here, but it's good." For JPMorgan Chase (NYSE: JPM), he said, "I...