RIG posts
FeedPosted Aug 8th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Cisco Systems (CSCO), Caterpillar (CAT), Comcast Cl'A' (CMCSA), Procter and Gamble (PG), Amer Intl Group (AIG), News Corp'B' (NWS), Electronic Arts (ERTS), Sotheby's (BID), Marvel Entertainment (MVL), World Wrestling Entertainment (WWE)
Continue reading Earnings highlights: AIG, Caterpillar, Cisco, News Corp., Procter & Gamble ...
Posted Aug 5th 2009 12:30PM by Brent Archer (RSS feed)
Filed under: Earnings reports, Options, Technical Analysis, Oil
Transocean Ltd. (NYSE: RIG - option chain) stock is falling today after the company reported a second-quarter profit this morning of $806 million, or $2.49 per share. Excluding one-time items, Transocean earned $2.79 per share on revenue of $2.88 billion, missing analysts' projections of $3.03 per share on revenue of $2.94 billion. 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 RIG.
This morning, RIG opened at $77.96. So far today the stock has hit a low of $76.90 and a high of $78.91. As of 11:15, RIG is trading at $77.20, down $3.13 (-3.9%). The chart for RIG looks bullish and S&P gives RIG a positive 5 STARS (out of 5) strong buy ranking.
Continue reading Transocean (RIG) falls on Q2 earnings release
Posted Jul 31st 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Hewlett-Packard (HPQ), Ford Motor (F), Market matters, Walt Disney (DIS), International Business Machines (IBM), AT and T (T), 3M Corporation (MMM), Caterpillar (CAT), Schlumberger Limited (SLB), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Bank of America (BAC), Bed Bath and Beyond (BBBY), Best Buy (BBY), FedEx Corp (FDX), Verizon Communications (VZ), Lennar Corp'A' (LEN), United Parcel'B' (UPS), Anadarko Petroleum (APC), Wells Fargo (WFC), Stocks to Buy, Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP), Cramer on BloggingStocks
Continue reading Cramer on BloggingStocks: You can't afford to be certain
Posted May 26th 2009 9:40AM by Jim Cramer (RSS feed)
Filed under: Market matters, Schlumberger Limited (SLB), Anadarko Petroleum (APC), Oil, Cramer on BloggingStocks
Why does the market just go straight down whenever the oil futures go lower? TheStreet.com's Jim Cramer says. A market driven by the price of oil -- good when it goes up and bad when it goes down -- is way too binary to profit from. Yet that's where we find ourselves and it is so counterintuitive as to be unnerving.
I think the fact that oil is struggling and failing to take out $60 is a good sign. The purchasing power of Americans is dependent upon jobs, expenses, psyche, interest rates and the stock market. We know that the stock market isn't our friend or our enemy, interest rates are still our friend, jobs are awful, and psyche seems like a push because the love for President Obama is still in the air.
Continue reading Cramer on BloggingStocks: Irrational energy moves
Posted May 11th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: Intel (INTC), Market matters, Schlumberger Limited (SLB), Bank of America (BAC), Cramer on BloggingStocks
Yes, we've sprinted for the past several weeks, but the bulls can catch their breath yet again. The too-far-too-fast police are out in full force today. Commodities have moved up too far too fast considering economic activity. Banks have moved up too much vs. nonperforming loans. Houses have moved up too fast considering foreclosures. And most important, stocks have moved up too fast vs. the fundamentals.
All of these, every one of these, are right. The problem is that they have been right for months. They were right when
Bank of America (NYSE:
BAC) (
Cramer's Take) went from $3 to $6. They were right when BAC went from $6 to $9. And they were right again when, in a slew of upgrades, BAC went to $14.
Continue reading Cramer on BloggingStocks: 'Due' for a pullback ... but so what?
Posted May 5th 2009 10:30AM by Jim Cramer (RSS feed)
Filed under: Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Intel (INTC), Market matters, Bank of America (BAC), Black and Decker (BDK), Research in Motion (RIMM), United Parcel'B' (UPS), U.S. Steel (X), Freep't McMoRan Copper (FCX), Wells Fargo (WFC), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says it's hard not to capitulate when your clients demand irrationality. When I was weighted short and we would have these seemingly endless days of rallying, it was the mornings that would get me. The mark-ups of the futures, the refusal of Asia or Europe to go down, the "tone." It was relentless.
Then I would get to the office and, after a long period in which all I heard were downgrades, I would be greeted by upgrades, where I would always scream, "Now? Now they upgrade
Intel (NASDAQ:
INTC) (
Cramer's Take)?" Or, "He's putting
Research In Motion (NASDAQ:
RIMM) (
Cramer's Take) on the list now, after this run?" Or, "
Wells Fargo (NYSE:
WFC) (
Cramer's Take) goes from hold to buy? After it ran up 4 points? What is he thinking?"
Continue reading Cramer on BloggingStocks: The pain of being rational
Posted Apr 30th 2009 2:00PM by Steven Halpern (RSS feed)
Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy
Energy sector specialist Elliott Gue sees opportunity in Transocean (NYSE: RIG), a leadin player in the deepwater drilling area. Here's the latest advice from The Energy Strategist.
"The market for deepwater rigs, however, has remained resilient and one drilling with direct leverage to deepwater rigs is US giant, Transocean, the world's largest offshore drilling company, with 136 rigs as well as ten under construction.
"Roughly 68 of those rigs are 'semisubmersibles,' and 39 are ultra-deepwater or deepwater rigs capable of drilling many of the complex plays being targeted around the world today.
Continue reading Transocean (RIG): Drilling for deepwater gains
Posted Apr 20th 2009 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Amazon.com (AMZN), Netflix, Inc. (NFLX), Johnson and Johnson (JNJ), Automatic Data Proc (ADP), Reliance Steel and Aluminum (RS), Palm Inc (PALM), Analyst initiations
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Analyst upgrades:
- Citigroup upgraded Amazon.com (NASDAQ: AMZN) to Buy from Hold on expectations the company's top-line growth rate could be more sustainable than expected and its operating margins could recover given due to less retail discounting. The firm raised its price target on shares to $97 from $65.
- UBS upgraded King Pharmaceuticals (NYSE: KG) to Buy from Sell based on expectations that Sandoz will settle patent litigation regarding Skelaxin after last weeks settlement of Clarinex with Schering-Plough (SGP).
- Jefferies upgraded Reliance Steel (NYSE: RS) to Buy from Hold as it believes steel prices and demand are close to near-term bottoms. The firm raised its target on the stock to $44 from $25.
- Palm (NASDAQ: PALM) was raised to Buy from Neutral at Banc of America/Merrill.
- Nestle (OTC: NSRGY) was lifted to Neutral from Underweight at JP Morgan.
- Johnson & Johnson (NYSE: JNJ) was upgraded at Wachovia to Outperform from Market Perform.
Continue reading Analyst upgrades, downgrades and initiations: AMZN, RS, JNJ, NFLX ...
Posted Feb 21st 2009 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), CVS Corp (CVS), Expedia Inc (EXPE), Hormel Foods (HRL), Teva Pharm Indus ADR (TEVA), Goodyear Tire and Rubber (GT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Comcast, CVS, Sprint, Hormel, Priceline and more
Posted Feb 17th 2009 12:05PM by Brent Archer (RSS feed)
Filed under: Earnings reports, Good news, Options, Technical Analysis, Oil, S and P 500
Diamond Offshore Drilling (NYSE:
DO -
option chain) shares have been just about flat today after Standard & Poor's (NYSE:
MHP) announced that
the company will be added to the S&P 500 Index on a date still to be determined, replacing
Weatherford International Ltd. (NYSE:
WFT). This usually causes a surge in stock value as all the ETFs that track the S&P 500 now have to rush to add DO positions.
While DO is not rising today, it is also not falling sharply like the rest of the market, especially when compared to its peers like
Transocean (NYSE:
RIG), which just reported
slowing earnings today and is down by more than 5%. If you think that DO 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 that stock.
Continue reading Diamond Offshore Drilling (DO) to be added to S&P 500
Posted Feb 17th 2009 10:30AM by Jim Cramer (RSS feed)
Filed under: Pfizer (PFE), Johnson and Johnson (JNJ), Abbott Laboratories (ABT), Aetna Inc (AET), Goldman Sachs Group (GS), Gilead Sciences (GILD), Lloyds TSB Group plc ADS (LYG), Barclays plc ADS (BCS), Cramer on BloggingStocks
TheStreet.com's Jim Cramer says picking stocks -- or worse, picking a bottom -- remains a dangerous activity. Sometimes it is so bad that it is BAD! Don't laugh at that seeming bit of counterintuitive logic. Every investment professional knows that because of the way economic cycles and central banks work, you are often looking for signs of such stress and negativity that it is so bad it is GOOD because of what the banks can do and what a bottom looks like.
This time it hasn't worked out that way. This time, what's bad is bad and getting worse. This weekend, David Carr in The New York Times wrote an excellent piece about the mistake of looking for a silver lining, something that news media does.
Continue reading Cramer on BloggingStocks: This time around, bad is just bad
Posted Feb 6th 2009 6:00PM by Melly Alazraki (RSS feed)
Filed under: Dell (DELL), Ford Motor (F), Sirius Satellite Radio (SIRI), Estee Lauder (EL), Caterpillar (CAT), Johnson and Johnson (JNJ), Avon Products (AVP), Costco Wholesale (COST), U.S. Steel (X), Harley-Davidson (HOG), Stocks to Buy, Stocks to Sell, Intuitive Surgical Inc (ISRG)
Amazingly, this week is about to end with stock markets logging gains. Not grim earnings, not glum retail sales, not dismal car sales, nor even weaker-than-expected jobs report seemed able to put a dent in investors' hopes the stimulus bill would pass.
And it's not even the Dow stocks that are leading the advances. As of noon today, the Dow was up about 3% for the week, while the S&P 500 gained about 4.5% and the Nasdaq composite soared some 7%. If you're sorry you didn't take part of this rally, and think perhaps there's more to come after the Senate finally approves the stimulus plan, then BloggingStocks contributors have some ideas for long-term holdings, as well as a few warnings:
Continue reading Stock picks and pans for troubled times: CAT, MON, EL, ISRG, NTT, RIG, SIRI ...
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