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From Russia With No Love For BP
Tuesday, May 17, 2011 - 1:45am | 364OAO Rosneft, Russia's largest oil company, is reportedly unwilling to extend a deadline to move forward with a controversial $16 billion share swap with BP (NYSE: BP), Europe's second-largest oil company, news that will be a stinging blow to BP CEO Bob Dudley's plans to turn the company following...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Peabody Energy (COP, ARG, MOS, POT, DTG, MLNX, RVBD, ONNN, DE, BTU)
Monday, May 16, 2011 - 11:22pm | 334On CNBC's Mad Money, Jim Cramer said during the Lightning Round that ConocoPhillips (NYSE: COP) reported a “nasty quarter. It almost yields 4%. At 4% you can start buying." Cramer likes Airgas (NYSE: ARG) and its CEO, Peter McClausland. He added, “I think that stock won't go much lower." He...
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Trading Strategies: Industrials Will Work Again; Take Your Positions Now
Monday, May 16, 2011 - 11:49am | 675By Steve Smith The industrial names -- and for me that covers a wide range of sectors from energy, to miners to equipment manufactures -- have recently fallen out of favor. After being the market leaders for much of the first quarter, names such as copper producer Freeport-McMoran (FCX),...
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SABIC and ExxonMobil Chemical Sign Technology Agreements for Proposed New Elastomers Project
Monday, May 16, 2011 - 9:11am | 75Saudi Basic Industries Corporation and affiliates of ExxonMobil (NYSE: XOM) Chemical announced that Front-End Engineering Design contracts were awarded and that all components are in FEED phase for the proposed new elastomers project at their Al-Jubail Petrochemical Company joint venture...
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Is EnCana Corporation (ECA) the Perfect Stock?
Monday, May 16, 2011 - 8:41am | 1384Over the past 12 months, EnCana Corporation (ECA) net income is $87 million, is trading now at a price of $32.64, a dramatic change of 0.00 with % change of 0.00 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of...
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Should i buy Suburban Propane, Nucor, Olin Corporation- SPH, NUE, OLN today?
Monday, May 16, 2011 - 6:52am | 1292Suburban Propane Partners (SPH) is trading at a price of $52.90, a dramatic change of -0.49 with % change of -0.92 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.87B. TTM Gross Margin- 19.9%, TTM...
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Watching the Stock trends- Yongye, Embraer, Powerwave, Western Refining, YONG, ERJ, PWAV and WNR
Monday, May 16, 2011 - 6:22am | 1719Yongye International (YONG)- Sales more than doubled to $50 million and net profits increased 60%. Yongye International is trading at a price of $4.77, a dramatic change of -0.08 with % change of -1.65 from its previous day's close. Currently, the company has a Market capitalization (total value...
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BP May Move On TNK-BP To Get Rosneft Deal Done
Sunday, May 15, 2011 - 6:08pm | 267BP (NYSE: BP), Europe's second-largest oil company, is reportedly once again in talks with TNK-BP, its joint venture with Russian oligarch investors, about acquiring the company that is Russia's third-largest oil producer in an effort to move forward with the controversial $16 billion share...
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Market updates- TMX Group, Kirloskar, Exxon Mobil, XOM, CAG, RAH, TEG, SWC, JCOM, TA, NWN, SWHC
Saturday, May 14, 2011 - 2:09pm | 1033Kirloskar Brothers Ltd. has signed an agreement to sell its entire 100% equity stake in Gondwana Engineers Ltd. for $10.5 million to Doshion Veolia Water Solutions Pvt. Ltd., a unit of Ahmedabad's Doshion Ltd. China Petroleum & Chemical Corp. , or Sinopec, Asia's largest oil refiner by...
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Yahoo (YHOO) Alibaba Dispute on Alipay, is it legal and 100% transparent?
Saturday, May 14, 2011 - 1:10pm | 1362Yahoo! Inc (YHOO) prized investment in Chinese Internet company Alibaba Group Holding Ltd has turned into a stock market millstone. Alibaba's recently disclosed spinoff of an online-payment unit called Alipay is raising worries about the value of Yahoo's 43 percent stake in Alibaba. Alibaba Group...
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Market update- AmerisourceBergen, ABC, TOT, Exxon, XOM, Nvidia, NVDA
Friday, May 13, 2011 - 8:11am | 960AmerisourceBergen Corp. (ABC), world's largest pharmaceutical services companies, said it's increasing its quarterly dividend by 15% to 11.5 cents a share from 10 cents a share. R. David Yost, AmerisourceBergen Chief Executive Officer, said, “We are pleased to increase our dividend for the...
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Auriga Maintains Sell Rating On SunPower
Friday, May 13, 2011 - 7:30am | 262According to Auriga, SunPower Corp (NASDAQ: SPWRA) Sell rating is maintained. Auriga said that, while it recognizes the Total (NYSE: TOT) tender offer puts a bid under the stock, it still maintains the Sell-rating and $13 target for shares of SunPower. “We cannot recommend investors short the...
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Wunderlich Securities Reiterates Sell and PT of $16 on SunPower Corporation (SPWRA)
Friday, May 13, 2011 - 5:10am | 170Wunderlich Securities reiterated its Sell rating on SunPower Corporation (NASDAQ: SPWRA). In a research report published today, Wunderlich left its price target unchanged at $16 as well, after SunPower reported Q1 results in line with its expectations. Wunderlich stressed that SunPower's shares...
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Going Large: First Trust Introduces Mega-Cap ETF
Thursday, May 12, 2011 - 2:04pm | 277First Trust, the Illinois-based ETF issuer now with 58 funds and over $8 billion in assets under management, introduced the First Trust Mega Cap AlphaDex Fund (NYSE: FMK) today, an ETF that holds some of the largest and most familiar stocks listed in the U.S. With an expense ratio of 0.7%, FMK...
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Oil Executive Defends Tax Breaks with a Straight Face
Thursday, May 12, 2011 - 10:08am | 352Proving that Washington politics is the theatre of the absurd, oil executives claimed, with a straight face, that proposals to eliminate the oil industry's tax breaks are unfair and will punish working Americans. "It's counterproductive to what the U.S. needs to be doing right now," said...