-
Early Volume Plays Among Those Valued Below $10 (HERO, HOV, CWTR, XIDE)
Thursday, June 3, 2010 - 10:05am | 359Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: Hercules Offshore Inc (NASDAQ: HERO) has been upgraded by Collin Gerry of Raymond James during a televised interview today. Collin believes that shallow water...
-
Go Long Oil Sands with Cenovus (CVE)
Thursday, June 3, 2010 - 5:15am | 671The offshore drilling business has been in the headlines since the April 20th Deepwater Horizon explosion and subsequent oil spill. However, the spill is affecting more than cable news and Gulf of Mexico seafood. With environmental costs and legal risks rising, share prices for some oil companies...
-
Benzinga's After Hours Gainers (RIG, MON, HERO)
Wednesday, June 2, 2010 - 6:21pm | 427U.S. equity markets staged a dramatic rally today, as the Dow Jones Industrial Average gained 225 points to close at 10,249. Just when it looked like it was time to throw in the towel on this market and watch the Dow plummet again below 10,000, we were granted a reprieve - at least temporarily....
-
Market is Challenging the Downtrend 06-02-2010
Wednesday, June 2, 2010 - 3:34pm | 771Cusick’s Corner The market is challenging the downtrend, but it has been on light volume. Watch the resistance level of 1087 on the ESM10 – can be broken and challenge a downtrend line that has not been broken in the last 5 trading sessions. If there can be a late day breakout through this...
-
Market Holds Gains 06-01-2010
Wednesday, June 2, 2010 - 3:30pm | 730Cusick's Corner The market has held its gains into the Midday in spite of a pounding early after the open. The short term market has been holding key support, SPY 108.50, at this stage supporting an argument for a potential run to the upside. As I stated last week, we continue to see a strong...
-
Bonds May Be Signaling... 05-28-2010
Wednesday, June 2, 2010 - 3:26pm | 832Cusick's Corner The market has pulled back and the volume and sentiment is lower. With this sentiment change, volatility popping in the last week and the appetite for risk, bonds may be signaling a short term support. The After Hours should be light now that all the data and traders are fleeing out...
-
BP Disaster: What If No One Is At Fault?
Wednesday, June 2, 2010 - 11:32am | 226It is a legal practice, although perhaps not a principle, that someone or some entity, is at fault when something goes wrong. This extends from medical malpractice to car recalls to man-made disasters. The result of this approach to liability is that companies try to shift blame for an accident...
-
Stock Market News for June 2, 2010 - Market News
Wednesday, June 2, 2010 - 9:57am | 504A late-session selloff sent stocks broadly lower on Tuesday, with energy shares leading the drop, after the government said it will initiate criminal and civil investigations into the BP oil spill. A pair of encouraging economic data, however, helped temper the losses. BP’s failure in its latest...
-
US Stock Futures Move Up As Investor Focus Shifts To Employment Data
Wednesday, June 2, 2010 - 9:23am | 208US Stock futures moved up today ahead of the monthly data on pending home and auto sales. While futures on the S&P 500 gained 6.2 points to 1,075.50, those on the Nasdaq 100 added 13.5 points to 1,844.50. Dow Jones Industrial Average futures climbed 50 points. Outlook on markets seems to have...
-
Benzinga’s Top Pre-Market Gainers (DIVX, HERO, AMGN, VVUS, JOYG)
Wednesday, June 2, 2010 - 8:51am | 223DivX Inc (NASDAQ: DIVX) soared 30.22% to $9.05 in the pre-market session. DIVX is going to be bought by Sonic Solutions (NASDAQ: SNIC) for about $323 million. Hercules Offshore Inc (NASDAQ: HERO) added 7.81% to $2.76 in pre-market trading. HERO’s shares had plunged 12.8% yesterday to $2.72, as most...
-
Media Digest 6/2/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Wednesday, June 2, 2010 - 4:03am | 392There are two words that investors fear inside of public companies… Accounting Irregularities. That is what is hitting shares of Canadian Solar Inc. (NASDAQ: CSIQ) this morning. The company said it was delaying the the release of its first quarter results, which was “after regulators subpoenaed...
-
Oil Services M&A Should Pick Up, Pritchard Capital Says
Tuesday, June 1, 2010 - 9:31am | 123Mergers and acquisitions activity in the oil services sector is primed to increase following Seadrill (Nasdaq: SDRL) beating out Ensco (NYSE: ESV) for Score. Atwood Oceanics (NYSE: ATW) and Pride International (NYSE: PDE) are on the list of M&A candidates, Pritchard said. M&A should be a...
-
Dahlman Rose Chimes In On Offshore Drillers
Tuesday, June 1, 2010 - 8:56am | 278Dahlman Rose said uncertainy remains following the government's moratorium on offshore drilling. The U.S. government has extended the moratorium on drilling permits in water depths in excess of 1,000ft for 6 months and Dahlman Rose said that 34 Gulf rigs may see downtime in the near future. Dahlman...
-
How To Profit From Rising Commodity Prices
Monday, May 31, 2010 - 1:43am | 466The summer driving season is almost upon us. Millions of Americans will take vacations and travel to their favorite summer destinations. As more Americans take to the road, gas prices are likely to increase. From Memorial Day to Labor Day is when oil prices normally see their biggest rise. So, how...
-
How To Profit From Rising Commodity Prices
Monday, May 31, 2010 - 1:43am | 466The summer driving season is almost upon us. Millions of Americans will take vacations and travel to their favorite summer destinations. As more Americans take to the road, gas prices are likely to increase. From Memorial Day to Labor Day is when oil prices normally see their biggest rise. So, how...