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Investing Against The Grain
Tuesday, May 4, 2010 - 3:58am | 242These stocks are not for the faint of the heart. Sometimes the best bargains can be found in times of crisis. In keeping with that theme here are 2 oil service companies that may be approaching value territory. 1. BP (BP)- As a longtime BP shareholder, I think that shares are becoming attractive...
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Investing Against The Grain
Tuesday, May 4, 2010 - 3:58am | 242These stocks are not for the faint of the heart. Sometimes the best bargains can be found in times of crisis. In keeping with that theme here are 2 oil service companies that may be approaching value territory. 1. BP (BP)- As a longtime BP shareholder, I think that shares are becoming attractive...
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HP Upgraded to “Buy” at Goldman Sachs
Monday, May 3, 2010 - 9:23am | 128Oil well driller, Helmerich & Payne, Inc (NYSE: HP) was rated a “Buy” this morning at Goldman Sachs. Analysts said that they “continue to see favorable risk/reward for the land driller stocks (HP, NBR, PTEN), but prefer HP given its high leverage to high spec rigs.” High spec rigs are those...
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Goldman Sachs Ups Estimates for the Oil Services Sector
Monday, May 3, 2010 - 9:11am | 128Goldman Sachs (NYSE: GS) is upping estimates across the board for Oil Services names this morning, saying that, as a whole, the sector has 18% upside. Individual names such as Halliburton (NYSE: HAL), Encso International (NYSE: ESV), and Transocean (NYSE: RIG) each have upside price targets 30-60%...
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ETFs To Watch May 3, 2010 (FAZ, GLD, SMH, IEV)
Sunday, May 2, 2010 - 3:20am | 271The ETF Professor will not be around on Sunday so here is the ETF Watch List for Monday May 3, 2010. With Goldman Sachs remaining the epicenter of the equity market universe, watch the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) and the UltraShort Financials ProShares ETF (NYSE: SKF). The...
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Fast Money Picks For April 30th (MRK, RIG, GLW, XOM)
Thursday, April 29, 2010 - 7:07pm | 151Anthony Scaramucci said on CNBC's Fast Money that he would buy Merck & Co., Inc. (NYSE: MRK) tomorrow. He added that Merck (MRK) is a defensive play and it will pay off to wait there. Merck (MRK) gained 2% today. Guy Adami likes Transocean LTD (NYSE: RIG), and Karen Finerman recommends Corning...
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PALM Cuts Revenue Guidance; HP Bid Reflects 23% Premium
Thursday, April 29, 2010 - 1:41pm | 135Analysts at JP Morgan maintain their "neutral" rating on Palm Inc (NASDAQ: PALM). Palm’s revenue guidance of between $90m and $100m indicates that the company would soon need to raise cash. PALM's products do not seem to be gaining traction in key channels. Against this backdrop, Hewlett-Packard’s...
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Benzinga’s Top Upgrades (PTEN, DIVX, OC, ROK, BWA)
Thursday, April 29, 2010 - 12:29pm | 190Patterson-UTI Energy Inc (NASDAQ: PTEN) was upgraded by CK Cooper from “hold” to “buy.” PTEN gained 0.99% to $15.23 by 11:57 am. PTEN’s EPS for next year is expected to be 333.33%. Barrington Research upgraded DivX, Inc (NASDAQ: DIVX) from “market perform” to “outperform.” Shares of DIVX jumped 5....
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Cameron International Falls on Oil Leak
Thursday, April 29, 2010 - 12:14pm | 157Cameron International (NYSE: CAM) is leaking lower today, currently off 9.15% to $40.40, after it was slapped with a lawsuit accusing operators of the rig behind a Gulf of Mexico oil spill of negligence, seeking millions of dollars in damages. Other defendants in the case are BP (NYSE: BP),...
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2010 Fund Performance Period 4
Wednesday, April 28, 2010 - 3:57pm | 2893The mutual fund is now on schedule for a [late] summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...
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BP Announces New Plans for Controlling Oil Spill (BP, RIG)
Monday, April 26, 2010 - 10:17am | 111BP (ADR) (NYSE: BP) has announced new plan for controlling the damage at the oil spill site. The company has announced that it is attacking the spill at the wallhead as well as on the suface offshore. According to MarketWatch, the company will also continue to aid Transocean’s (NYSE: RIG) efforts...
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Market Commentary (AAPL, GS, BP, RIG, SHLD)
Friday, April 23, 2010 - 11:07am | 232According to securities law professors, Goldman Sachs (NYSE: GS) is taking a risk in fighting the SEC instead of simply cutting its losses. Goldman is most likely to lose its motion to throw out the suit as it lacks legal merit. The risks will mount, thereafter, weakening its negotiating position....
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Top 5 Large-Cap Stocks In The Basic Materials Sector With The Highest Return On Equity (SID, DO, FCX, NE, PX)
Friday, April 23, 2010 - 7:14am | 150Below are the top 5 large-cap basic materials stocks in terms of their return on equity. Companhia Siderurgica Nacional (NYSE: SID) has a ROE of 42.69%. SID has a PEG ratio of 0.94. Diamond Offshore Drilling, Inc (NYSE: DO) has a ROE of 39.37%. DO’s trailing-twelve-month operating margins grew by...
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Diamond Offshore Drilling (DO) Beats Estimates, Falls 6%
Thursday, April 22, 2010 - 1:59pm | 139Diamond Offshore Drilling, Inc. (NYSE: DO) released financial results on Thursday morning that beat Wall Street expectations but the results were not enough to keep the stock from falling. Diamond Offshore Drilling reported that its 1st quarter profit fell to $290.9 million, or $2.09 per share,...
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Transocean Downgraded By Credit Suisse
Wednesday, April 21, 2010 - 1:26pm | 91Credit Suisse downgraded oil services firm Transocean (NYSE: RIG) to "neutral" from "outperform" on valuation concerns and earnings risks. Credit Suisse said the shares should ''be range-bound as consensus forecasts, particularly for the first and second quarters of 2010, remain too high.''...