-
Oppenheimer Reiterates Perform on Baker Hughes (BHI)
Monday, October 4, 2010 - 9:18am | 200Oppenheimer is out with a research report this morning, where it reiterates its Perform rating on Baker Hughes Incorporated (NYSE: BHI); it did not provide a price target on the stock. The Oppenheimer analysts said that they have evaluated their model going into Q3 and are comfortable with their...
-
Jefferies Maintains Hold On WFT, Waiting On FCPA Fine
Monday, October 4, 2010 - 7:22am | 105Jefferies & Co. has published a research report for Weatherford International (NYSE: WFT) just as the story for the company starts getting interesting... In the report, Jefferies writes "We continue to await the FCPA fine against WFT, but the liquidity boost removes our uncertainty on how a...
-
Patterson-UTI Energy Completes Acquisitions from Key Energy Services
Friday, October 1, 2010 - 3:20pm | 108PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today announced that two subsidiaries of the Company, Universal Pressure Pumping, Inc. and Universal Wireline, Inc. have completed the acquisition of pressure pumping and wireline assets from subsidiaries of Key Energy Services, Inc. (NYSE: KEG) for...
-
The 5 Dumbest Things on Wall Street: Oct. 1
Friday, October 1, 2010 - 2:54pm | 3405. BP CEO and Safety? It's Déjà Vu All Over Again A new BP (NYSE: BP) CEO has arrived and he has an important message -- his middle name is safety. Errr, wait a second. That can't be right. BP CEO Tony Hayward is out as of today, and that whole safety thing was his talking point, wasn't it? But...
-
Blue Water Publishes Ideas For Dril-Quip
Friday, October 1, 2010 - 9:51am | 124Blue Water Capital Markets has published a research report for Dril-Quip Inc. (NYSE: DRQ). In the report, Blue Water writes "DRQ is showing a growing negative divergence between price and money flow. The stock has rallied over 50% from the June 2 low and may be getting extended. We expect DRQ to...
-
Jefferies Has Buy Rating On Willbros Group (WG)
Friday, October 1, 2010 - 9:05am | 87Jefferies & Co. has a Buy rating on Willbros Group (NYSE: WG) and a $13 price target, after meeting with company management. In the research report, Jefferies writes, "Recent awards and better year-over-year likely performance in Canada should help 4Q10 and 1Q11 results. However, near-term...
-
Fast Money Picks For October 1st (JNJ, BHI, GYMB, ANDE)
Thursday, September 30, 2010 - 8:29pm | 228Steve Cortes said on CNBC's Fast Money that it is time to buy the U.S. dollar. If you agree with Mr. Cortes, you can take a look at PowerShares DB US Dollar Index Bullish (NYSE: UUP). PowerShares DB US Dollar Index Bullish (UUP) closed at $22.84, without a change in the price. Anthony Scaramucci...
-
Cameron International Chairman Sells 100,000 Shares of CAM
Thursday, September 30, 2010 - 4:28pm | 54In a Form 4 filed earlier today, Cameron International Corp. (NYSE: CAM) Chairman of the Board, Sheldon Erikson, reported that he sold 100,000 shares of CAM on September 28th for an average price of $42.66. The transaction totaled $4,265,530. Mr. Erikson owns 2,132,532 direct shares of CAM. Source...
-
FMC Still At Outperform, New PT
Thursday, September 30, 2010 - 10:30am | 27FBR Capital reiterates its Outperform rating for FMC Technologies (NYSE: FTI) and has raised the price target from $80 to $90.
-
Real Estate Sector May Be Poised For Bounce 09-29-2010
Wednesday, September 29, 2010 - 7:05pm | 811Cusick's Corner The market continued to stay in a tight range into the After Hours, but one key sector, Energy (XLE) was moving today. With the month-end and the breakouts continuing, market watchers and traders are looking for the next sector to join the upside party. It looks like the Real...
-
Fast Money Picks For September 30th (MAT, C, BHI, F, CREE)
Wednesday, September 29, 2010 - 6:46pm | 213CNBC Fast Money's Patty Edwards said on the show that she wants to buy Mattel, Inc. (NASDAQ: MAT) tomorrow. Mattel, Inc. (MAT) fell 0.46% today. Brian Kelly thinks that Citigroup Inc. (NYSE: C) is a buy. Citigroup Inc. (C) gained 0.97% in the regular trading session, and it added 0.77% in the after...
-
Benzinga's Top ETF Decliners (DTO, SCO, DRN, BZQ, ERY)
Wednesday, September 29, 2010 - 4:52pm | 204PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) and ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) struggled today, as crude oil traded higher. Crude oil jumped above $77.50, as reports showed that inventories fell last week. DTO fell 4.99%, and SCO lost 4.39% today. Direxion Daily...
-
Benzinga's Top ETF Gainers (UCO, ERX, DRV, SOXL)
Wednesday, September 29, 2010 - 4:38pm | 217ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) gained 4.35% on Wednesday, and closed at $9.59. UCO benefited on crude oil's good performance. Crude oil traded higher after the government reported that inventories dropped last week. Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) added 2.39% in...
-
Two Sectors Pick Up Performance 09-29-2010
Wednesday, September 29, 2010 - 2:47pm | 808Cusick's Corner The market is stuck, hitting its head at 1150 resistance on the S&Ps and finally getting the back of the pack, both Financials (XLF) and Energy (XLE) to pick up their lackluster performance. While this is encouraging to the bulls, veteran market watchers are becoming more...
-
Sinoenergy Corporation Closes Merger Agreement
Wednesday, September 29, 2010 - 11:01am | 71Sinoenergy Corporation (Nasdaq: SNEN) today announced that, on September 27, 2010, the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of March 29, 2010, as amended, providing for the merger of SNEN Acquisition Corp. into the Company were consummated....