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Statoil Announces Recent North Sea Discovery Even Larger Than Expected
Tuesday, August 16, 2011 - 5:55am | 97Communication between the Aldous and Avaldsnes oil discoveries on the Utsira High in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the...
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Benchmark Upgrades Hess Corporation To Buy, Raises PT To $70
Tuesday, August 16, 2011 - 4:52am | 29The Benchmark Company has upgraded Hess Corporation (NYSE: HES) from Sell to Buy and has raised the price target from $64 to $70.
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The Global Meltdown of Confidence
Monday, August 15, 2011 - 1:00pm | 1187I have never been big advocate of conspiracy theories. Most of these theories are information that is reported in the media circus to incite anger towards one group of people. Meanwhile the real stealth culprits go unnoticed. Let's use the mortgage crisis as an example. There can be no doubt that...
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Early Market Strength, Here Is Why
Monday, August 15, 2011 - 9:11am | 253This morning, all of the major stock indexes are trading sharply higher. Traders and investors are in jubilee mode as there were a few take over announcements before the opening bell. Obviously, the major news was the Google Inc.(NASDAQ: GOOG) buyout of Motorola Mobility Holdings Inc.(NYSE: MMI)...
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Industrials, Oil & Gas, and Consumer Goods Lead Market Rally
Friday, August 12, 2011 - 11:37am | 531Major U.S. Indexes are building upon yesterday's gains, on the heels of a 0.5% increase in retail sales – the biggest gain since March. August Consumer sentiment, however, plunged from 63.7 in July to 54.9 – its lowest level since May of 1980. The market seems to be shrugging off the consumer...
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Benzinga's Top Downgrades
Friday, August 12, 2011 - 7:02am | 119DeVry Inc (NYSE: DV) was downgraded by Robert W. Baird from "outperform" to "neutral." DeVry's shares closed at $53.39 yesterday. DeVry's trailing-twelve-month ROA is 15.35%. Ardour Capital downgraded Enersys (NYSE: ENS) from “buy” to “accumulate.” ENS' stock closed at $20.74 yesterday. Enersys'...
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Benzinga's Top ETF Decliners, August 11th (FAZ, EDZ, DRV, SOXS)
Thursday, August 11, 2011 - 5:39pm | 206Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) lost 16.93%, and closed at $59.89. In the financial space, Bank of America Corp (NYSE: BAC) gained 7.09%. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 16.16% as Vale (ADR) (NYSE: VALE) jumped 5.07%, and Petroleo...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Five Mega-Cap ETFs Your Broker Forgot To Mention
Thursday, August 11, 2011 - 3:27pm | 645So you may not like investing like your grandfather, eschewing stodgy old mega-cap names for faster moving growth stocks and that's fine. There's a time and a place for every investment strategy, but these days, investors with longer time horizons should be looking for comfort and shelter with...
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Thursday's Put/Call Ratio Leaders
Thursday, August 11, 2011 - 12:06pm | 76Here are today's Put/Call Ratio leaders… 1. Ski Mobi (NASDAQ: MOBI) 3,715 puts, 38 calls 2. Itau Unibanco (NASDAQ: ITUB) 13,883 puts, 227 calls 3. KeyCorp (NYSE: KEY) 4,202 puts, 222 calls 4. Murphy Oil (NYSE: MUR) 2,997 puts, 202 calls 5. Deutsche Bank (NYSE: DB) 4,396 puts, 370 calls
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It Is Not How They Open, It Is How They Close
Thursday, August 11, 2011 - 9:17am | 395Nearly every trading session after July 21, 2011 the major stock market indexes have sold off into the close. The major stock indexes have not had a two day winning streak since July 21, 2011 when the S&P 500 traded as high as 1345.00. There have been only two trading sessions since July 21,...
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Apple (AAPL) Passes Exxon Mobil (XOM) as Most Valuable U.S. Company
Thursday, August 11, 2011 - 7:20am | 596While Apple (AAPL) flirted with passing Exxon Mobil (XOM) as the country's most valuable company earlier this year, the selloff the past few weeks has seen Apple's stock hold up relatively better - especially in the past few days - and as of yesterday's close we have a new market cap leader. While...
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UPDATE: Goldman Sachs Downgrades Cenovus Energy to Neutral, ExxonMobil on Conviction List
Thursday, August 11, 2011 - 7:06am | 101Goldman Sachs downgraded its rating on Cenovus Energy (NYSE: CVE) from Buy to Neutral. At the same time, the rating agency has placed ExxonMobil (NYSE: XOM) to its Conviction list. On Wednesday, CVE lost 1.7% of its value to finish the day at $33.60. Its shares continued to slide in today's pre-...