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Mad Money Lightning Round: Cramer Likes Caterpillar
Monday, August 8, 2011 - 2:49am | 240On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Exxon Mobil (NYSE: XOM) is “not my favorite oil but you're fine.” He added, “I like Chevron (NYSE: CVX) more, but you're OK. Exxon will make a lot of money." Cramer said that Anworth Mortgage Asset (NYSE: ANH) is a “mortgage REIT...
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Why Financial Markets Will Not Repeat 2008
Friday, August 5, 2011 - 11:58am | 662By Conor Sen I've never been a huge drinker, especially as an undergrad, but a couple weeks before graduation I threw up from alcohol for the first and only time as a college student. A friend of mine who had never even sipped alcohol was turning 21, and to celebrate his dad had sent his friends...
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Options Brief: Hess
Friday, August 5, 2011 - 10:37am | 91Shares of Hess (NYSE: HES) are lower on the session by 2.97%, trading at $59.48. Overall call volume is now running at 2.08x the daily average, with 28% of all calls traded being purchases on the offer. 12,140 contracts have traded on the session so far. Hess Corporation is a global integrated...
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For Your Eyes Only
Friday, August 5, 2011 - 9:06am | 270Traders better watch the chart of the U.S. Dollar Index very closely. Yesterday, the U.S. Dollar Index soared higher as the major stock indexes deflated and plummeted lower. This morning, the U.S. Dollar Index futures (DX U1) is trading lower by 0.37 cents to $75.00 per contract. When the U.S....
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Bank of America Merrill Lynch Maintains Buy on Marathon Oil
Friday, August 5, 2011 - 6:52am | 97Bank of America Merrill Lynch is out with its report today on Marathon Oil (NYSE: MRO), maintaining Buy. In its report, Bank of America Merrill Lynch writes, "We believe the recent announcement to separate the company into two separate units that focus on E&P and refining, will release value...
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Fast Money Picks For August 5th (PBR, SPY, MO, EMC)
Thursday, August 4, 2011 - 6:07pm | 182CNBC Fast Money's Tim Seymour said on the show that he would buy Petroleo Brasileiro SA (ADR) (NYSE: PBR) tomorrow. Petroleo Brasileiro SA (ADR) (PBR) fell 7.73% today, and closed at $29.88. Guy Adami thinks that the S&P 500 Index will hold 1,180 and bounce tomorrow. SPDR S&P 500 ETF (NYSE...
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Benzinga's Top ETF Decliners, August 4th (DZK, ERX, TNA, EDC)
Thursday, August 4, 2011 - 5:40pm | 214Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) led the decliners among the ETFs on Thursday, with a loss of 20.85%. DZK closed at $47.71, and it had a volume of 93K traded shares. Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) dropped 20.62%, and closed at $53.77. In the...
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Benzinga's Top ETF Gainers, August 4th (TVIX, ERY, TZA, EDZ)
Thursday, August 4, 2011 - 5:28pm | 213VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) spiked 40.63% on Thursday as the S&P 500 traded sharply lower. TVIX closed at $31.29, and it had a volume of 9.08M traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 20.76%, and it closed at $18.44. In the energy...
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Pressure 08-04-2011
Thursday, August 4, 2011 - 2:38pm | 989Cusick's Corner Nowhere to hide -- except in Bonds and Gold. This is a large global distribution and I did not expect this kind of action, there is very little to get excited about today. The action has kicked longs out with stops and earnings and data at this stage is not going to move this train...
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Options Brief: Targa Resources
Thursday, August 4, 2011 - 2:33pm | 76Shares of Targa Resources (NASDAQ: NGLS) are lower on the session by 2.43%, trading at $33.79. Overall call volume is now running at 5.51x the daily average, with 100% of all calls traded being purchases on the offer. 1,522 contracts have traded on the session so far. Targa Resources Partners LP...
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There Will be Blood
Thursday, August 4, 2011 - 9:06am | 614I borrowed the title of today's issue from the Daniel Day Lewis movie of the same name - based on the Upton Sinclair novel, "Oil!" The novel detailed the oil boom of early 20th Century Southern California. Today I'm not going to talk much about oil, but the title of the movie is appropriate enough...
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UPDATE: Scotia Capital Lowers PT on Marathon Oil to $36
Thursday, August 4, 2011 - 8:45am | 89Scotia Capital is out with its report today on Marathon Oil (NYSE: MRO), lowering its PT from $55 to $36. In its report, Scotia Capital writes, "After adjusting for the spin-off of Marathon Petroleum (NYSE: MPC), we have revised our risked NAV to $29.72/sh. ($45.12/sh. unrisked), and our one-year...
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Mad Money Lightning Round: Cramer Likes Johnson Controls
Thursday, August 4, 2011 - 2:19am | 229On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Marathon Oil (NYSE: MRO) recently reported “disappointing earnings results. I'd like Carrizo Oil & Gas (NASDAQ: CRZO) over Marathon." He said that Apache (NYSE: APA) is “great, it's got a great growth profile. Keep in mind,...
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Benzinga's Top ETF Gainers, August 3rd (AGQ, BZQ, SOXL, AGA)
Wednesday, August 3, 2011 - 6:55pm | 180ProShares Ultra Silver (ETF) (NYSE: AGQ) traded 3.88% higher, and closed at $231.44 on Wednesday. This was the second trading session in a row that AGQ closed higher. ProShares Ultrashort MSCI Brazil (NYSE: BZQ) gained 3.30% today as Petroleo Brasileiro SA (ADR) (NYSE: PBR) fell 2.11%, and Vale (...
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Check Out The Chart: Broken Brazil
Wednesday, August 3, 2011 - 1:33pm | 436Oh boy, there was a time, and we're not far removed from it, when Brazil was an emerging markets darling and U.S. investors just could not get enough of Brazil-specific ETFs. The crown prince of the nearly 70 ETFs offering Brazil exposure is the iShares MSCI Brazil Index Fund (NYSE: EWZ). With...