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Exxon Mobil CEO On TV Tomorrow (XOM)
Tuesday, March 8, 2011 - 2:32pm | 82Exxon Mobile (NYSE: XOM) CEO Rex Tillerson will appear on CNBC tomorrow to discuss the situation in the Middle East and how it is affecting oil. This is noteworthy because Tillerson does not appear on TV as often as other CEO's do, and being the CEO of the largest company in the S&P 500,...
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What Happens When QE2 Ends?
Tuesday, March 8, 2011 - 12:36pm | 748By Josh Lipton Tomorrow, on March 9, the S&P 500 is scheduled to celebrate its second bull-market birthday. The historic rally has been dramatic and, for many strategists and analysts, unexpected. Two years ago, how many of your friends and neighbors would have bet that the US stock market...
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Big Energy Feels The Heat
Tuesday, March 8, 2011 - 10:25am | 218Many of the major and leading energy stocks are declining sharply lower this morning. Exxon Mobil Corp.(NYSE: XOM) is the largest integrated energy stock in the stock market with a market capitalization of $426 billion. This leading energy stock is declining lower by 0.72 cents to $84.00 a share....
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Goldman Sachs Remains Bullish On Mid-Continent Refining (CVR, MRO)
Tuesday, March 8, 2011 - 9:38am | 214Goldman Sachs has a favorable fundamental view of CVR Energy's (NYSE: CVI) Coffeyville, Kansas, refinery and shareholder-friendly management. Goldman's updated six month sum-of-the-parts target price of $23 suggests 11% upside when incorporating our new target multiples for refining peers Frontier...
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BofA/Merrill Ups Eni SpA To Buy
Tuesday, March 8, 2011 - 6:41am | 47Analysts at BofA/Merrill upgrade Eni SpA (NYSE: E) from “neutral” to “buy.” Eni SpA shares fell 0.18% to close at $49.22 yesterday. More Analyst Ratings here
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Mad Money Lightning Round: Cramer Prefers Polypore To Advanced Battery Technologies (HOT, PPO, ABAT, MRO)
Tuesday, March 8, 2011 - 2:22am | 134On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Starwood Hotels & Resorts (NYSE: HOT) is a “great stock.” He added, “If you like the company, you buy more. If you don't know anything about it, sell it." Cramer prefers Polypore International (NYSE: PPO) to Advanced Battery...
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Benzinga's Top ETF Gainers, March 7th (SOXS, TZA, CZI, SQQQ)
Monday, March 7, 2011 - 6:36pm | 214Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) spiked 8.34% on Monday, and it closed at $56.51. In the semiconductor space, Teradyne, Inc. (NYSE: TER) fell 5.37%, and Advanced Micro Devices, Inc. (NYSE: AMD) dropped 4.17%. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) gained 5.13%...
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MarkWest Liberty Announces Long-term Agreement with Statoil to Provide Midstream Services
Monday, March 7, 2011 - 4:12pm | 87MarkWest Liberty Midstream & Resources, L.L.C., a partnership between MarkWest Energy Partners, L.P. (NYSE: MWE) and The Energy & Minerals Group, today announced the execution of a long-term agreement with Statoil Natural Gas LLC, an existing producer customer of MarkWest Liberty and a...
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Benzinga's Top Upgrades (PCAR, EAT, COP, SBUX)
Monday, March 7, 2011 - 8:16am | 144PACCAR Inc (NASDAQ: PCAR) was upgraded by JP Morgan from "neutral" to "overweight." PCAR's shares closed at $49.20 on Friday. PACCAR's trailing-twelve-month revenue is $10.29 billion. UBS upgraded Brinker International Inc (NYSE: EAT) from “neutral” to “buy.” EAT's shares closed at $23.82 on...
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Citigroup Upgrades COP To Hold
Monday, March 7, 2011 - 6:20am | 55Analysts at Citigroup upgrade ConocoPhillips (NYSE: COP) from “sell” to “hold.” The target price for COP has been raised from $64 to $78. COP shares gained 0.54% to close at $79.98 on Friday. More Analyst Ratings here
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BP May Not Sell Algeria Assets
Sunday, March 6, 2011 - 7:09pm | 279BP (NYSE: BP), Europe's second-largest oil company, is rethinking its plans to sell its assets in Algeria, according to the North African country's Energy Minister Youcef Yousfi. Yousfi made the remarks in an interview with Dow Jones on Sunday. The move by BP to not proceed with the sale of its...
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Futures Finish at a Discount 03-04-2011
Friday, March 4, 2011 - 6:55pm | 865Cusick's Corner Stocks bounced into the After Hours, finishing the week with the cash market, Stock Indices, at a premium to the Futures. This means many longs may have potentially done some hedging into the weekend. And this leads to a discussion that I often bring up at the week's end in the...
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Running Late 03-04-2011
Friday, March 4, 2011 - 3:43pm | 853Cusick Corner Running late today, I apologize. This is the consolidation that I had been discussing since last week, the market looks content at this stage to stay in a range, S&P 1300-1340. While this is frustrating, it is important for traders and investors to keep an eye on both volatility...
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Why Would An Oil Industry Group Oppose Sanctions On Libya? (HAL, XOM, BP, COP, RDS.A)
Friday, March 4, 2011 - 2:17pm | 327When President Obama announced earlier this week that his administration would be pursuing harsh sanctions against Muammar Qaddafi's Libyan government in response to its brutal backlash against Libyan protesters, most had to agree that it was the correct course of action. Most, that is, except for...
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Get in on the Ground Floor of the Coming Energy Megatrend
Friday, March 4, 2011 - 1:52pm | 203There's a buying frenzy underway in the energy market right now... And I believe it represents one of the best opportunities you'll ever have to get rich in natural resources. It all comes down to a huge problem facing ExxonMobil (NYSE: XOM) and its fellow Big Oil companies... In the past year,...