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Scotia Capital Maintains Sector Perform On Murphy Oil
Friday, July 29, 2011 - 9:05am | 101Scotia Capital is out with a research report on Murphy Oil Corporation (NYSE: MUR) and it has a Sector Perform rating and a $78 price target on shares. In a note to clients, Scotia Capital writes, "Production averaged 170.5 Mboe/d, 9% below Q2 guidance. Production continued to be impacted by lower...
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Jefferies Maintains Hold on ExxonMobil
Friday, July 29, 2011 - 8:02am | 94Jefferies is out with its report today on ExxonMobil (NYSE: XOM), maintaining Hold. In a note to clients, Jefferies writes, "We value XOM on a mix of DCF, NAV and relative multiples. We are maintaining our US$85 price target and Hold rating. The key risk for XOM is a sustained period of low US gas...
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US Stock Futures Down On Debt Worries
Friday, July 29, 2011 - 6:13am | 527US stock futures are lower this morning, after Thursday's House budget vote on the US debt ceiling was rescheduled. Futures for the Dow Jones Industrial Average dipped 55 points to 12,138.00 and S&P 500 index futures fell 5.70 points to 1,291.10. Nasdaq 100 futures dropped 7.75 points to 2,362....
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Eni Reports 31% Drop In Q2 Net Profit
Friday, July 29, 2011 - 4:39am | 72Eni SpA (NYSE: E) reported a 31% drop in its second-quarter net profit and lifted the interim dividend by 4%. Eni's net profit came in at EUR1.25 billion, down from EUR1.82 billion, in the April-June period of 2010. Eni's adjusted net profit declined 14% y/y to EUR1.44 billion from EUR1.67 billion...
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Earnings Scheduled For July 29
Friday, July 29, 2011 - 4:18am | 424Chevron Corporation (NYSE: CVX) is projected to report its Q2 EPS at $3.56 on revenue of $71.58 billion. Aon Corporation (NYSE: AON) is expected to report its Q2 EPS at $0.82 on revenue of $2.74 billion. Newell Rubbermaid Inc (NYSE: NWL) is estimated to report its Q2 EPS at $0.42 on revenue of $...
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Stocks To Watch For July 29
Friday, July 29, 2011 - 3:39am | 259Some of the stocks that may grab investor focus today are: Wall Street expects Merck & Company Inc (NYSE: MRK) to report its Q2 EPS at $0.95 on revenue of $11.78 billion. Merck shares dropped 0.74% to close at $34.93 yesterday. Starbucks Corp (NASDAQ: SBUX) reported its Q2 profit at $279...
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Benzinga's Top ETF Decliners, July 28th (SGG, XIV, DAG, ERX)
Thursday, July 28, 2011 - 7:31pm | 140iPath Dow Jones-UBS Sugar Subindex Total Return ETN (NYSE: SGG) traded lower on Thursday, along with sugar futures. SGG fell 4.06%, and closed at $100.56. VelocityShares Daily Inverse VIX Short Term ETN (NYSE: XIV) lost 2.73% today, and it closed at $15.69. In the last four trading sessions XIV...
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Benzinga's Top ETF Gainers, July 28th (TVIX, AGA, ERY, ZSL)
Thursday, July 28, 2011 - 7:13pm | 172VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) gained 4.52% today, and closed at $21.95. This was the fourth consecutive trading session that TVIX closed higher. PowerShares DB Agriculture Double Short ETN (NYSE: AGA) jumped 4.13% as grains traded lower on better weather forecast. Sugar...
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Will Bonds Rally, Yields Go Down? 07-28-2011
Thursday, July 28, 2011 - 6:38pm | 1094Cusick's Corner I thought the market was going to get a little lift into the After Hours with Finance, XLF, and Tech, QQQ/XLK, leading but that is not the case, squeezing more longs out of the market. I have ratcheted down my size in trades at this stage, and will be watching the headlines for any...
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Earnings Preview: Analysts Expect Marathon Oil Revenue to Dip
Thursday, July 28, 2011 - 5:56pm | 566Marathon Oil (NYSE: MRO) unveils its next round of earnings this Tuesday, August 2, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.14 per share and revenues of $15.16 billion...
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ConocoPhillips Acquires Niobrara Acreage from Lario Oil & Gas
Thursday, July 28, 2011 - 5:30pm | 62ConocoPhillips (NYSE: COP) today announced that it has entered into an agreement to acquire up to 46,000 net acres of leasehold from Lario Oil & Gas Company in the Colorado counties of Arapahoe, Adams, Elbert and Douglas. This agreement represents a significant investment by ConocoPhillips in...
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Gridlock Continues 07-28-2011
Thursday, July 28, 2011 - 2:52pm | 1096Cusick Corner Gridlock continues and hedging was the name of the game. This will be short because this budget impasse makes trading or investing dicey at best. If we go into the weekend with no resolution and more politicking, volatility will continue to grow and further uncertainty will turn into...
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Earnings Roundup
Thursday, July 28, 2011 - 8:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
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UPDATE: Exxon Reports Weaker-Than-Expected Q2 Profit
Thursday, July 28, 2011 - 8:14am | 55Exxon Mobil Corp (NYSE: XOM) reported a 41% rise in its second-quarter profit. Exxon reported its quarterly earnings at $10.68 billion, or $2.18 per share, up from $7.56 billion, or $1.60 per share, in the year-earlier period. However, analysts were expecting earnings of $2.30 per share. Exxon...
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Benzinga's Top Pre-Market Losers
Thursday, July 28, 2011 - 7:55am | 96Akamai Technologies Inc (NASDAQ: AKAM) dipped 15.71% to $24.85 in the pre-market session. AKAM reported downbeat Q2 earnings. Teradyne Inc (NYSE: TER) lost 9.16% to $12.50 in the pre-market session. TER issued weaker-than-expected Q3 projections. Murphy Oil Corporation (NYSE: MUR) moved down 7.35...