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Top 10 Dividends In The S&P 500
Friday, August 12, 2011 - 1:20pm | 411We have gone through some rocky times in the past few weeks, with volatility almost reminiscent of 2008. Volatility tends to scare off investors. Dividend yields, especially higher dividend yielding stocks tend to offer some protection in downturns such as the one we are currently experiencing....
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Industrials, Oil & Gas, and Consumer Goods Lead Market Rally
Friday, August 12, 2011 - 12:37pm | 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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Oil Services Stocks Show Early Strength
Friday, August 12, 2011 - 10:08am | 167The oil services stocks are trading higher to start the day. These stocks have been decimated along with everything else in the stock market over the past three weeks. This morning the Oil Services Holders Trust(NYSE: OIH) is trading higher by $2.08 to $133.37 a share. Traders should watch for...
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Transocean Ltd. Announces Schedule for Second Dividend Installment of $0.79/Share
Thursday, August 11, 2011 - 4:19pm | 92Transocean Ltd. (NYSE: RIG) today announced the schedule for the second installment of its dividend of approximately U.S. $1 billion to be paid out of additional paid in capital. The second installment is $0.79 per outstanding share, or approximately $252.7 million in total, based on the current...
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UPDATE: Morgan Keegan Lowers PT on Ensco to $64
Wednesday, August 10, 2011 - 8:55am | 111Morgan Keegan is out with its report today on Ensco (NYSE: ESV), lowering its PT to $64 from $70. In its report, Morgan Keegan writes, "Based on recent indications from offshore drillers, rig activity is improving, but operating and maintenance costs are increasing at a faster pace. Thus we are...
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Global Hunter Upgrades Ensco To Buy, $62 PT
Wednesday, August 10, 2011 - 8:41am | 24Global Hunter has upgraded Ensco (NYSE: ESV) from Accumulate to Buy and maintains its $62 price target.
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UPDATE: Citi Lowering Price Target On Ensco
Wednesday, August 10, 2011 - 7:33am | 152Citi Investment Research is out with a research report on Ensco plc (NYSE: ESV) and is lowering its price target to $51 from $56, and it has a Hold rating on shares. In a note to clients, Citi Investment Research writes, "The key takeaway for us is that ESV will likely achieve greater EPS...
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Morgan Keegan Lowers PT On Ensco To 464
Wednesday, August 10, 2011 - 7:31am | 26Morgan Keegan has lowered the price target on Ensco (NYSE: ESV) from $70 to $64 and maintains its Outperform rating.
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Citigroup Lowers PT On Ensco To $51
Wednesday, August 10, 2011 - 6:18am | 25Citigroup has lowered the price target on Ensco (NYSE: ESV) from $56 to $51 and maintains its Hold rating.
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Global Hunter Securities Upgrades Noble, Maintains PT
Tuesday, August 9, 2011 - 12:48pm | 74Global Hunter Securities upgraded its Noble (NYSE: NE) rating to Neutral and maintained its Noble $33 price target in a research report published today. In the report, Global Hunter Securities states, "We believe fundamentals are progressing in the right direction with tendering activity and...
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Rowan Authorizes $100M Share Repurchase Program
Monday, August 8, 2011 - 9:19am | 35Rowan Companies, Inc. (NYSE: RDC) announced that the Company's board of directors has authorized the Company to repurchase up to $100 million in shares of its common stock.
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Noble Corporation Announces New Contracts and a Contract Extension for Rigs in the Gulf of Mexico and North Sea
Monday, August 8, 2011 - 8:44am | 246Noble Corporation (NYSE: NE) today announced that it has been awarded a contract for the semisubmersible rig Noble Paul Romano and received a contract extension on the semisubmersible rig Noble Max Smith, two rigs located in the Gulf of Mexico. In addition, the Company has been awarded a contract...
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Global Hunter Upgrades Transocean to Accumulate, Slashes PT to $63
Friday, August 5, 2011 - 7:57am | 63Global Hunter upgraded its rating on Transocean (NYSE: RIG) from Neutral to Accumulate. At the same time, the rating agency reduced its price target on the company's stock from $72 to $63. On Thursday, RIG lost 8.55% of its value to finish the day at $53.98. Its shares continued to slide in today's...
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There Will be Blood
Thursday, August 4, 2011 - 10:06am | 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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Morgan Stanley Gives Color on 2Q Results at Transocean
Thursday, August 4, 2011 - 8:58am | 86Morgan Stanley has published a report on Transocean (NYSE: RIG) reporting on 2Q results. In the report, Morgan Stanley wrote, " RIG reported EPS of $0.69 (ex items) vs. our estimate of $0.75 and consensus of $0.80. EBITDA came in at $802m, 3% below our estimated $826m, due to higher than expected...