apa posts
FeedPosted Aug 11th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Amer Intl Group (AIG), Travelers Companies Inc. (TRV)

You could blame trade deficit, or the government deficit, which both came out today, either way, this was one of those miserable days spawned overseas with weakness in China and on the heels of a lower economic guidance from the FOMC. Triple-digit DJIA losses never saw any bargain buyers come into the mix. Today's drop in the DJIA also took the index back into the red for the year as the December 31 closing date was at $10,428.05.
Here were the unofficial closing bell levels:
DJIA
S&P500
NASDAQ
Top Analyst CallsContinue reading Closing Bell: Red for the Day and Red for the Year (AIG, FIG, TRV, CREE, APA, AVGO)
Posted Jul 21st 2010 11:30AM by Mark Fightmaster (RSS feed)
Filed under: Deals, BP p.l.c. ADS (BP)

BP (
BP) announced Tuesday that it
completed a sale of assets to Apache (
APA). The assets sold were in North America and Egypt and carried a price tag of $7 billion. Previous reports indicated Prudhoe Bay was up for sale, but it turned out not to be the case.
According to APA, which has a knack for purchasing older oil wells and squeezing some more money from them, this purchase was a "rare opportunity to acquire legacy positions from a major oil company." The company's CEO, Steven Farris, noted that the company "seldom have an opportunity like this in one o our core areas let along three," adding that Apache will add value to the assets "for decades to come."
Continue reading Apache Purchasing Some of BP's Assets
Posted May 24th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst Initiations
Analyst Upgrades
- FBR Capital upgraded Transocean (RIG) to outperform from market perform as it believes congressional hearings and reports indicate the company's blowout preventer at the Deepwater Horizon likely worked properly. The firm has an $87 price target for shares.
- Auriga upgraded First Solar (FSLR) to buy from hold as it believes the recent sell-off in shares as created an attractive entry point. Despite upgrading, the firm lowered its target for shares to $138 from $147.
- Soleil upgraded Priceline.com (PCLN) to buy from hold, citing a favorable risk-reward profile. Despite the upgrade, the firm lowered its target for shares to $230 from $250.
- Blackrock (BLK) was upgraded to conviction buy from buy at Goldman.
- Abbott (ABT) was upgraded to hold from sell at Citigroup.
- Exxon Mobil (XOM) was upgraded to outperform from sector perform at RBC Capital.
Continue reading Analyst Calls: ABT, AON, APA, BX, CSIQ, FSLR, GRMN, GXDX, PCLN, RIG, XOM ...
Posted Apr 20th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Analyst Initiations, Unilever ADR (UL), Potash Corp. of Saskatchewan (POT)
Analyst Upgrades
- Soleil upgraded Potash (POT) to hold from sell due to valuation. The firm maintains a $100 price target for shares.
- FBR Capital upgraded Arkansas Best (ABFS) to market perform from underperform after the company reached a tentative agreement with the Teamsters to amend its existing contract to include a 15% wage concession. The firm has a $34 price target for shares.
- Keefe Bruyette upgraded Zions Bancorp (ZION) to market perform from underperform following the company's Q1 results and raised its target for shares to $25 from $17.
- Apache (APA) was upgraded to outperform from neutral at Macquarie.
- MGM Mirage (MGM) wasupgraded to conviction buy from buy at Goldman.
- Monster Worldwide (MWW) was upgraded to outperform from neutral at Credit Suisse.
Continue reading Analyst Calls: ABFS, APA, CSTR, ESL, MGM, POT, SAI, TIVO, UL, ZION ...
Posted Apr 19th 2010 6:00PM by Wade Hansen (RSS feed)
Filed under: Stocks to Buy

Apache Corporation (
APA) announced last week that it plans to acquire Mariner Energy Inc. (
ME) in a $4 billion transaction. Typically when we see one company announce that it is going to acquire another company, the stock price of the company doing the acquiring goes down in the short term. But in the long term, this acquisition may help Apache's stock price break out.
Apache has been stuck in a consolidation range for a few months now. The stock price keeps bouncing back and forth between a slightly down-trending resistance level and an up-trending support level.
Continue reading Mariner Energy Acquisition Could Help Apache Break Out
Posted Apr 15th 2010 8:30AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Deals, Google (GOOG), Intel (INTC), China, Market Matters, JPMorgan Chase (JPM), United Parcel'B' (UPS), Economic Data

U.S. stock futures edged lower Thursday morning following Wednesday's rally as investors awaited economic data on employment and manufacturing. Even with UPS's (
UPS) surprisingly strong results and outlook, and China's strong economic growth, investors decided it prudent to take a step back following five straight days of gains.
If Wednesday's rally was fueled by strong results from Intel (
INTC) and JPMorgan Chase (
JPM), Thursday is all about economic data. Already, RealtyTrac reported a
record number of U.S. homes foreclosed in the first three months of this year. Foreclosures jumped 35% in the first quarter from a year ago. In addition, households facing foreclosure grew 16% in the same period. This, the report says, is a sign banks are starting to wade through the backlog of troubled home loans at a faster pace.
Continue reading Before the Bell: Futures Lower Ahead of Economic Data
Posted Feb 24th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Viacom (VIA), Under Armour'A' (UA), Analyst Initiations, EOG Resources (EOG), salesforce.com inc (CRM), Banco Santander (STD)
Analyst Upgrades
- RBC Capital upgraded FMC Technologies (FMC) to outperform from sector perform. The firm upgraded shares based on expectations that subsea order flow and backlog will be significantly higher than previous forecasts. The firm has a $70 target on shares.
- Citigroup upgraded ONEOK Partners LP (OKS) to buy from hold due to valuation and maintains a $65 price target on the stock.
- Needham upgraded Autodesk (ADSK) to buy from hold following the Q4 report and guidance. The firm has a $31 target on the stock.
- Morgan Stanley upgraded Under Armour (UA) to equal weight from underweight, citing valuation. The firm raised its target to $27 from $23.
- EOG Resources (EOG) was upgraded to buy from neutral at Goldman.
- FPL Group (FPL) was upgraded to outperform from neutral at Credit Suisse.
- Novo Nordisk (NVO) was upgraded to buy from hold at Jefferies.
Continue reading Analyst Calls: ADSK, UA, NVO, VIA, CRM, APA, STD ...
Posted Jan 28th 2010 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, QUALCOMM Inc (QCOM), Analyst Initiations, Kraft Foods'A' (KFT)
Analyst Upgrades
- Jefferies upgraded Netflix (NFLX) to buy from hold and has a $65 target, citing stronger than expected momentum following the Q4 report and guidance. Merriman upgraded Netflix to buy from neutral following the company's better-than-expected Q4 results as it sees upside in shares to the $66 to $75 range. Shares were also upgraded to buy from underperform at BofA/Merrill.
- Citigroup upgraded Rockwell Automation (ROK) to hold from sell following the company's better-than-expected Q1 results and raised FY10 guidance. Citi raised its target on shares to $52 from $35.
- Deutsche Bank upgraded Textainer (TGH) to buy from hold to reflect improved container fundamentals and potential fleet growth. The firm keeps a $19 price target on shares.
- STMicroelectronics (STM) was upgraded to neutral from underweight at Piper Jaffray.
- Caterpillar (CAT) was upgraded to neutral from sell at UBS.
- Apache (APA) was upgraded to outperform from market perform at Wells Fargo.
Continue reading Analyst Upgrades, Downgrades and Initiations: APA, BKC, CAT, NFLX, KFT, QCOM, ROK ...
Posted Dec 16th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Intel (INTC), Market Matters, Anadarko Petroleum (APC), Oil, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says the stocks like to move higher along well-worn paths.
With the usual suspects rallying -- gold and oil -- it's important to remember how the oil rallies have unfolded in the past. You have to be able to recall the oil pecking order of the petroleum complex ramp.
First to move in the drilling complex is Transocean (
RIG) (
Cramer's Take), the wildest trader in the group. Then it is National Oilwell Varco (
NOV) (
Cramer's Take). Forget that both of these are the least affected by the day-to-day price of oil. The market's real stupid on these oil moves, and that's what happens. On the oil side it is Occidental (
OXY) (
Cramer's Take), which at least is closely correlated and can have a big move throughout the day.
Continue reading Cramer on BloggingStocks: Remember the pattern of oil rallies
Posted Dec 7th 2009 10:00AM by Jim Cramer (RSS feed)
Filed under: General Electric (GE), Coca-Cola (KO), Market Matters, Chesapeake Energy (CHK), NIKE, Inc'B' (NKE), Anadarko Petroleum (APC), Politics, Cramer on BloggingStocks, Southern Company (SO)
TheStreet.com's Jim Cramer says the biggest companies can lobby their way to huge profits. Anyone serious about climate change knows that coal is the worst enemy of the environment. We can have all of the electric cars we want, if they are hooked into a coal-based utility system then the gains are irrelevant. We can also be sure that while all sorts of companies, like the General Electrics (
GE) (
Cramer's Take) and Cokes (
KO) (
Cramer's Take) and Nikes (
NKE) (
Cramer's Take) and Nestles, support climate control, they are not equal to one Southern Company (
SO) (
Cramer's Take), which is an important coal-burning company and a huge lobbyist for the coal industry.
Our nation has a two-pronged climate philosophy: pushes on conservation and on renewables. Neither is enough to get us through the next 10 years; we can't produce enough renewable energy at a cheap price and we can't caulk our way out of the jam.
Continue reading Cramer on BloggingStocks: Obama's pro-coal stance makes Copenhagen a charade
Posted Nov 13th 2009 10:40AM by Jim Cramer (RSS feed)
Filed under: Market Matters, BP p.l.c. ADS (BP), Oil, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says if the market made sense, you could buy retail and restaurants off the lower oil price.
Here's the pattern: We get shelled by oil. It drops to $76 or $77, all energy goes down, and it takes everything else with it. Some of tech has been spared lately because of 3Com (COMS) (Cramer's Take).
Then, in the following couple of days, oil stabilizes (but not after it hurts the oils again), rallies, and everything goes with it.
That's what's been occurring. I don't know why it's any different. In this moment in time, it's often best to buy the most hammered natural gas stocks because they come back fast. The best value is Devon (DVN) (Cramer's Take), but it simply isn't down enough. Apache (APA) (Cramer's Take) would make sense below $60, which is still a ways from here.
Continue reading Cramer on BloggingStocks: Recognize the ludicrous pattern
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