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Benzinga's Top ETF Decliners, June 14th (CZI, TZA, TVIX, ERY)
Tuesday, June 14, 2011 - 5:41pm | 195Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) dropped 7.47% on Tuesday as Baidu.com, Inc. (ADR) (NASDAQ: BIDU) spiked 5.75%. CZI closed the trading session at $16.10, and it had a volume of 122K traded shares. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) broke its two-day winning...
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Benzinga's Top ETF Gainers, June 14th (CZM, TNA, SOXL, ERX)
Tuesday, June 14, 2011 - 5:29pm | 217Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) spiked 7.04%, and it closed at $41.42 as Baidu.com, Inc. (ADR) (NASDAQ: BIDU) jumped 5.75%, and China Petroleum & Chemical Corp. (ADR) (NYSE: SNP) added 1.43%. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded higher today,...
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Oil & Gas Sector Bouncing Back
Tuesday, June 14, 2011 - 11:37am | 320After being the worst performing area of the market in yesterday's trading session, the Oil & Gas sector is one leading the market in today's action, currently up 2.03% on the day. The best performing stocks currently in the S&P 500 Oil & Gas Sector are: 1) Tesoro (NYSE: TSO): Shares...
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Energy Bounce Lifts Markets Early
Monday, June 13, 2011 - 9:11am | 201This morning, the major stock indexes are bouncing higher across the board. While most sectors are trading in positive territory, it is the energy sector that is leading the markets higher. The energy sector accounts for roughly 16.0 percent of the S&P 500 Index. Exxon Mobil Corp.(NYSE: XOM)...
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Curde Oil Market: A $2.5 Trillion a Year Global Fake Out? (Guest Post)
Saturday, June 11, 2011 - 5:37pm | 1804By Ilene From Phil Davis: Speculators at the NYMEX are doing it again and have NO INTENTION WHATSOEVER of accepting delivery of even 1/10th of the 367M barrels they had as open contracts last week. In fact, Wednesday (June 8) they traded their contracts 454,043 times. It's a 123% daily churn...
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Benzinga's Top ETF Decliners, June 10th (AGQ, DRN, CZM, EDC)
Friday, June 10, 2011 - 6:29pm | 236ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs on Friday, with a 7.73% loss. AGQ closed at $180.29, and it had a volume of 2.18M traded shares. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) lost 7.63% in the regular trading session, but it added 1.08% in the...
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Benzinga's Top ETF Gainers, June 10th (ZSL, DRV, TVIX, CZI)
Friday, June 10, 2011 - 6:18pm | 201ProShares UltraShort Silver (ETF) (NYSE: ZSL) spiked 8.07% on Friday as silver dropped more than 3%. ZSL closed at $17.82, and it had a volume of 11.08M traded shares. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) gained 7.58%, and closed at $14.03. In the real estate space, Vornado Realty...
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Oil & Gas Sector Update 06/10/11
Friday, June 10, 2011 - 12:33pm | 306The Oil & Gas Sector has been one of the weakest performing areas of the market in today's trading session, currently 1.6% lower on the day. A plunge 2.7% plunge in NYMEX crude oil futures is fueling the decline. The worst performing stocks in the S&P Oil & Gas Sector currently are: 1...
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Alert: Markets Drop Sharply As Dollar Spikes
Friday, June 10, 2011 - 11:19am | 292The markets have flushed into the key SPDR S&P 500 ETF (NYSE: SPY) support level at $127.60. This level was a long signal taken for a scalp. As of now, the SPY is trading at $127.80. Half of the position is off the table for a $0.20 profit while the remainder has a $0.50 profit target and has a...
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Why Market Caps Matter When Buying Stocks
Thursday, June 9, 2011 - 10:47am | 664One of the first things that investors should look at when buying a stock is the market capitalization, which is the total dollar value of all of the company's shares. You can calculate it by multiplying the price of a stock times the total number of shares outstanding. Since market caps change on...
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News Summary
Thursday, June 9, 2011 - 9:50am | 331Shares of Visa Inc (NYSE: V) dropped about 0.5% after the company announced its plans to acquire South Africa's Fundamo, a leading platform provider of mobile financial services, for around $110 million in cash. It also signed a long-term agreement with Monitise plc (OTC: MONIF). The transaction is...
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Jefferies Comments on Meeting with ConocoPhillips
Thursday, June 9, 2011 - 6:55am | 115According to a recent report, Jefferies hosted ConocoPhillips (NYSE: COP) on its recent management roadshow in the UK. The key topic discussed at the meeting was COP's determination to maintain the progress of its strategic turnaround. Jefferies has maintained a Buy rating and $90.00 price target...
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Citi Maintains Buy Rating On Exxon Mobil
Thursday, June 9, 2011 - 6:53am | 98According to Citi, Exxon Mobil (NYSE: XOM) today announced two oil and one gas discovery in the deepwater GOM on several of its operated (50% wi) Keathly Canyon (KC) blocks. Citi said that the first discovery, Hadrian South, was drilled on KC 964 in 2009 and encountered 200ft of net gas pay in the...
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Mitsui To Acquire 9% Of Poland Shale-Gas Fields From Marathon Oil
Thursday, June 9, 2011 - 3:26am | 132Mitsui & Co Ltd (OTC: MITSY) agreed to buy a 9% stake in shale gas fields in Poland from Marathon Oil Corporation (NYSE: MRO). The company did not comment on financial terms of the deal. Marathon Oil will lower its stake to 51%. In April, MRO announced that Canadian producer Nexen Inc (NYSE:...
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Dudley Says Rosneft Deal Is Dead
Wednesday, June 8, 2011 - 10:29pm | 262BP (NYSE: BP) CEO Bob Dudley has declared his company's aspirations for a $16 billion share exchange with OAO Rosneft, Russia's largest oil company, dead, adding that BP is “moving on” and looking for opportunities in other locations. At a BP event in London Dudley, the company's first American-...