Posted Jun 6th 2009 12:10PM by Trey Thoelcke
Filed under: Earnings reports, Google (GOOG), Krispy Kreme Doughnuts (KKD), Aetna Inc (AET), Ciena Corp (CIEN), Valero Energy (VLO), KKR Financial (KFN), Lions Gate Entertainment (LGF)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Google, KKR, Krispy Kreme, Williams-Sonoma, Guess? and more
Posted Jun 4th 2009 4:00PM by Jon Ogg
Filed under: Apple Inc (AAPL), Bank of America (BAC), Costco Wholesale (COST), Goldman Sachs Group (GS), Valero Energy (VLO)
Today was looking like a fairly quiet day with no solid direction, but the green shoots crowd got some actual good news on the jobs front. This was the first report since once in January where the massive army of
continuing jobless claims actually fell. We also saw a positive report showing
positive CEO Sentiment again for the month of May. Here were today's unofficial closing bell levels:
Dow 8,750.24 +74.96 (0.86%)
S&P 500 942.46 +10.70 (1.15%)
Nasdaq 1,850.02 +24.10 (1.32%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: When green shoots turn to blooms (AAPL, BAC, COST, GS, VLO)
Posted Jun 3rd 2009 5:00PM by Jon Ogg
Filed under: Aetna Inc (AET), Amer Intl Group (AIG), Valero Energy (VLO), JetBlue Airways (JBLU)
Today was one of those days where stocks looked lower early in the morning, traded lower, and stayed there. Despite recovering from triple-digit losses in the DJIA earlier on, we still closed down 65.63 at 8.675.24 on the DJIA.
The S&P took a bigger hit by almost 13.00 at a lower level of 931.76. Bond prices rallied and we saw a 9 basis point drop in the 10-Year Treasury to 3.55%.
Here were today's
top analyst upgrades, and there were
several key downgrades as well.
Continue reading Closing Bell: When complacency becomes concerning (AET, AIG, JBLU, TIVO, VLO)
Posted Jun 3rd 2009 1:00PM by Brent Archer
Filed under: Major movement, Forecasts, Bad news, Valero Energy (VLO), Options, Technical Analysis, Oil
Valero Energy (NYSE:
VLO -
option chain) stock is down big today after
the company warned it expects to report a second-quarter loss of 50 cents per share. Analysts had forecast a profit of 74 cents per share. The company also said it plans to sell about 40 million shares of common stock to fund general corporate purposes and recent acquisitions. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on VLO.
This morning, VLO opened at $19.64. So far today the stock has hit a low of $18.50 and a high of $19.79. As of 11:25, VLO is trading at $18.75, down $3.63 (-16.2%). The chart for VLO looked bullish before today while
S&P gives VLO a positive 4 STARS (out of 5) buy ranking.
Continue reading Valero (VLO) issues woeful Q2 forecast
Posted May 11th 2009 11:50AM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Morgan Stanley (MS), Dow Chemical (DOW), Analyst initiations, Valero Energy (VLO)
Analyst upgrades:
- FBR Capital upgraded KBW, Inc (NYSE: KBW) to Market Perform from Underperform as it sees increased capital-raising opportunities for small and mid-sized banks and believes the company's quarter is off to a strong start. The firm raised its target price to $23 from $18.
- Pali Capital upgraded Morgan Stanley (NYSE: MS) to Buy from Neutral on expectations the company's strategic shift towards advisory, distribution and retail will be monetized sooner than expected and its capital markets business is gaining traction. The firm set a $33 target on the stock.
- Baird upgraded Stericycle (NASDAQ: SRCL) to Outperform from Neutral and raised its target to $58 from $55 based on valuation predictable earnings, and its market leading platform.
- Apollo Investment (NYSE: AINV) was raised to Outperform from Market Perform at Keefe Bruyette.
- HSBC Holdings (NYSE: HBC) was lifted at Goldman to Buy from Neutral.
- Dow Chemical (NYSE: DOW) was upgraded to Outperform from Neutral at Credit Suisse.
Continue reading Analyst upgrades, downgrades and initiations: MS, BBC, DOW, COST, VLO, WSM ...
Posted Apr 23rd 2009 10:00AM by Paul Foster
Filed under: Schlumberger Limited (SLB), Valero Energy (VLO), Options
Valero Energy (NYSE: VLO) closed at $20.50. VLO is scheduled to report Q1 EPS on April 28. Crude oil futures are recently up 1.51% to $49.59. VLO May option implied volatility of 63 is below its 26-week average of 73 according to Track Data, suggesting decreasing price movement.
Schlumberger (NYSE: SLB) closed at $46.23. SLB is scheduled to report Q1 EPS on April 24. May option implied volatility of 61 is below its 26-week average of 65, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Apr 20th 2009 3:40PM by Joseph Lazzaro
Filed under: Valero Energy (VLO), Stocks to Buy
Readers of this space know that one of the preferred sectors has been the refining sector, with exclusions made for a few companies. Would that the United States (and much of the world, for that matter), transition to a next-generation propulsion system (natural gas, electric, fuel cell) quickly, but unfortunately that goal still looks a decade away, perhaps more. And that means refiners like
Valero Energy (NYSE:
VLO) will remain a force.
The market punished Valero in 2008 after refining margins narrowed substantially, but folks, we're talking gasoline in the United States here: gasoline refining margins can't (and didn't) contract for very long, and significant, additional margin improvement in seen in 2009.
Continue reading Valero Energy knows Americans are inseparable from their cars
Posted Feb 1st 2009 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Yahoo! (YHOO), Pfizer (PFE), Home Depot (HD), McDonald's (MCD), American Express (AXP), Best Buy (BBY), Bristol-Myers Squibb (BMY), Colgate-Palmolive (CL), Texas Instruments (TXN), Valero Energy (VLO), Eaton Corp (ETN), Delta Air Lines (DAL)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Yahoo!, McDonald's, American Express, Pfizer, Delta and others
Posted Jan 27th 2009 4:15PM by Jon Ogg
Filed under: Earnings reports, Deals, Netflix, Inc. (NFLX), American Express (AXP), Texas Instruments (TXN), Valero Energy (VLO)
Today Wall Street managed yet another day of gains. It seems that the confirmation of Tim Geithner as Treasury Secretary offset all of the negative data. Financials also had a decent day that seemed to trump all of the dismal earnings announcements from other giant companies.
Here are today's unofficial closing bell levels:
DJIA: 8,174.73 +58.70 +0.72%
NASDAQ: 1,504.90 +15.44 +1.04%
S&P 500: 845.70 +9.13 +1.09%
Top Analyst UpgradesTop Analyst DowngradesTexas Instruments Inc. (NYSE:
TXN) rose after the chip maker gave earnings that were only "about as disappointing" as expected. The company is trimming costs and cutting about 3,400 jobs. Shares were up over 4% at $15.39 before the close.
Continue reading Closing Bell: Stocks rise on Geithner's confirmation; TXN, NFLX, AXP, VLO, CVTX
Posted Jan 15th 2009 9:19AM by Jim Cramer
Filed under: Google (GOOG), Apple Inc (AAPL), Market matters, Bank of America (BAC), Federal Natl Mtge (FNM), ConocoPhillips (COP), Valero Energy (VLO), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the about-face at Apple and Bank of America is brutal for those who believed the company line. Talk about a "trust no one" era.
Bank of America (NYSE:
BAC) (
Cramer's Take) had been adamant that it had no use or need for the government's money. Its instant investment in China of much of our money made that point loud and clear. Why did we waste it on them? Why did we force them to take it?
Could we have been reassured more times that Steve Jobs was OK? That we were dead wrong to question it? That Joe Nocera, who wrote a prescient article about health and
Apple (NASDAQ:
AAPL) (
Cramer's Take) and Jobs had been singled out by Jobs for the audacity of even questioning the man who is so much of Apple that we are frightened to even contemplate the world without him?
But we were asked to trust, and in return the trust was not rewarded. Bank of America has been in trouble for a month now, even though the company exuded confidence. The stock's been a killer.
Continue reading Cramer on BloggingStocks: In this market, trust can kill you
Posted Jan 12th 2009 3:00PM by Sheldon Liber
Filed under: Berkshire Hathaway (BRK.A), China, Reliance Steel and Aluminum (RS), Valero Energy (VLO), Huaneng Power Intl ADS (HNP), Chasing Value, Commodities, Oil, Anglo Amer ADR (AAUK), DJIA, Stocks to Buy, Newcastle Investment (NCT), Raytheon Company (RTN), Best Stocks for 2008, Bunge Ltd. (BG), Loews Corporation (L), NASDAQ,
I made it through mid-year of tracking my 2008 picks from last December and then --
Wham! -- I went from a slight advantage to being humbled badly by the market. However difficult it is to display your failings, once again I will share all of the horrors since I posted the original story
Chasing Value: Final list -- 8 stocks for 2008.
The master is
still the master, Warren Buffett and his life's work
Berkshire Hathaway (NYSE:
BRK.B) beat me easily as well as the three indices I tracked.
For the most part, unless you started shorting stocks, there was no place to hide and most of my picks were big losers. There were two that beat Buffett and the market. The defense sector was the defensive sector it was supposed to be with
Raytheon Company (NYSE:
RTN) doing well on a relative scale. The other place you could have a morsel of stability was utilities and
Huaneng Power International (ADR) (NYSE:
HNP) lost less but not by much.
Continue reading Chasing Value: 2008 picks -- the last nail
Posted Jan 3rd 2009 4:30PM by Greg Tucker
Filed under: Boeing Co (BA), BP p.l.c. ADS (BP), U.S. Steel (X), Valero Energy (VLO), Recession
Oct. 28: Dow 9,065 (up 889 points); trading range, 958 points
Try to figure this one out:
Consumer confidence reaches the lowest levels on record since the survey began 41 years ago ...
Home prices in 20 major metro areas fall 16% year-over-year and have been falling for 20 consecutive months ...
And the market rallies to post its second-largest gain of the year.
Huh?!?
The volatile session ended with the benchmark index almost 900 points higher as bargain hunting and short-covering ruled the day, with some help from strength in the overseas markets.
A labor agreement at Boeing (NYSE: BA), and better-than-expected earnings at U.S. Steel (NYSE: X) and energy sector names Occidental Petroleum (NYSE: OXY), Valero Energy (NYSE: VLO) and BP (NYSE: BP) also added fuel to the market's fire (pun intended).
Greg Tucker is the executive editor of OptionsZone.com.
Posted Dec 17th 2008 12:31PM by Brent Archer
Filed under: Good news, Industry, Valero Energy (VLO), Options, Technical Analysis
Valero Energy (NYSE:
VLO -
option chain) shares have moved higher today after the company announced it will
reduce its refining capacity to at least 20 percent below normal levels due to the weakening gasoline market. This move should save VLO some money and possibly help to stabilize the price of gasoline by reducing supply. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on VLO.
VLO opened this morning at $20.89. So far today the stock has hit a low of $20.58 and a high of $21.49. As of 12:00, VLO is trading at $21.13, up 30 cents (1.4%). The chart for VLO looks bullish and
S&P gives VLO a positive 4 STARS (out of 5) buy ranking.
For a bullish hedged play on this stock, I would consider a March
bull-put credit spread below the $10 range. A bull-put credit spread is an options position that combines the purchase and sale of put options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make an 8.7% return in just three months as long as VLO is above $10 at March expiration. Valero would have to fall by more than 52% before we would start to lose money. Learn more about this type of trade
here.
VLO hasn't been below $13 at all in the past year and has shown support around $16 recently.
Brent Archer is an options analyst and writer at Investors Observer.
DISCLOSURE: Mr. Archer owns and/or controls diversified portfolios of long and short stock and option positions that may include holdings in companies he writes about. At publication time, Brent neither owns nor controls positions in VLO.Posted Nov 4th 2008 4:20PM by Jon Ogg
Filed under: After the bell, Market matters, Archer-Daniels-Midland (ADM), CIT Group (CIT), MasterCard Inc'A' (MA), Valero Energy (VLO)
We don't have any official results from the presidential and congressional elections as of yet, but traders decided to keep buying stocks today despite concerns of what an Obama administration would do to equity investors. Regardless of the bad economic data, it looks and feels as though you can make actual analysis beyond the next 30-minute period again. Even a $6.00+ rally in oil prices after the Saudis cut production did not stop stocks from rallying. Here are today's unofficial closing bell levels:
DJIA: 8,625.28 (+3.28)
NASDAQ: 1,780.12 (+3.12%)
S&P 500: 1,005.73 (+4.08%)
Top Analyst Upgrades
Top Analyst Downgrades
Archer-Daniels-Midland Co. (NYSE: ADM) surged after the agricultural giant blew past earnings estimates and it is being rewarded after losing so much ground this year. Shares were up 14% at $24.13 right before the close.
CIT Group Inc. (NYSE: CIT) saw its shares surge as one of the top percentage gainers today after the company announced that it has completed a $500 million financing facility from Wells Fargo. In the final minutes of trading, shares were up over 32% at $6.00 on three-times normal volume.
Continue reading Closing Bell: Market rallies on Election Day; ADM, CIT, MA, VLO up, FCSX down
Posted Nov 1st 2008 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Motorola (MOT), Exxon Mobil (XOM), Comcast Cl'A' (CMCSA), Office Depot (ODP), Sun Microsystems (JAVA), Alcatel-LucentADS (ALU), Burger King Hldgs (BKC), Valero Energy (VLO), Barclays plc ADS (BCS), Qwest Communications Intl (Q), Garmin Ltd (GRMN), Visa Inc. (V)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Exxon, Motorola, Barclays, Burger King, Comcast, Visa, and others
Next Page »
Cramer on BloggingStocks: Don't paint everything with the jobs brush
Seven banks go up in smoke ahead of the holiday weekend
Sears offering hedge for consumers who lose their job -- good idea?
