oil posts
FeedPosted Feb 4th 2010 5:20PM by Connie Madon (RSS feed)
Filed under: International Markets, Products and Services, Management, Indices, Market Matters, Money and Finance Today, Economic Data, Personal Finance, Commodities, Oil, Headline News, DJIA, Recession
This morning the big news of the day was the drubbing of European stock markets as fear spread throughout the region. Fear was generated by concern that some European countries could default on their sovereign debt. Among them are Greece, Spain, and Portugal.
Greece's budget gap is 12.7% of GDP Greece has to slash spending and may need IMF assistance.
Investors sold investment deemed risky such as commodities, gold and stocks and moved their money into bonds. This started a selling frenzy in commodities with oil falling $3.14 per barrel to $73.14 per barrel. Brent crude fell $3.79 per barrel to $72.13 per barrel.
Continue reading Oil Plunges 5% on Fears That European Economies May Falter
Posted Feb 2nd 2010 4:20PM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Exxon Mobil (XOM), Oil
ExxonMobil (
XOM) is a tricky stock to consider. The integrated oil entity reported fourth-quarter results on Monday, and there was good news and bad news. According to Jonathan Berr over at
DailyFinance, net income was $1.27 per share, several pennies ahead of estimates. The top line also came in better than expected.
Unfortunately, profit on a dollar basis dropped over 20%. And higher oil prices are making things difficult at the refinery stage. While the earnings beat is good, these elements to the story must be given ample consideration.
Continue reading ExxonMobil: A Buy After Q4?
Posted Jan 28th 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
Investors have one-last chance to scoop-up shares of Cameron International Corp. (
CAM), due to a pull-back, and it goes without saying that I'm reiterating my buy rating for the company's shares, first recommended
on April 24, 2009, at a price of $25.59. If you bought Cameron in April 2009, you're up about 50%.
Look for Cameron to continue to benefit longer-term from demand for oilfield capital equipment and deepwater support equipment, on likely, ramping oil demand in immediate years ahead. Further, new technology that's likely to increase natural gas drilling and production (via a technology called hydraulic fracturing) in North America also holds out the promise of increased valve business for CAM.
Continue reading Cameron Is in an Uptrend
Posted Jan 28th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Financial Crisis
Last night was President Obama's first State of the Union address. Already, the
oil market is benefiting from the speech, as it gave a sense of optimism for the economy, according to some analysts. That is, if you can call a 23-cent jump in futures a benefit.
The speech stressed job creation and the belief that the worst of the economic crisis is over, which has trickled over to investors (and who said trickle-down economics don't work?). Combine last night's Presidential address with the Federal Reserve's decision to leave
monetary policy unchanged and you have the makings of a temporary bump for the market.
Continue reading Oil Futures Up on Obama's State of the Union Address
Posted Jan 27th 2010 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
One of the first rules of behavioral maturity is,
"Don't expend $1,000 worth of emotion over a 5-cent irritation."
Hence, don't get upset over those
prices at the pump -- prices that almost certainly are headed much higher -- but profit from them, by owning Hess Corp (
HES). I'm obviously reiterating my buy rating for the company's shares, first recommended
on April 22, 2009 at a price of $50.41.
If you bought HES in April 2009, you're up about 20%. If you didn't, don't fret; there's more upside ahead.
Continue reading Hess Is Undervalued
Posted Jan 8th 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy
As oil's price rises, oil sands company Suncor Energy Inc.'s (
SU) prospects brighten, which is a major reason I'm reiterating my buy rating for the company's shares, first recommended
on February 25, 2009, at a price of $18.35. If you bought Suncor in February 2009, you're up more than 100%.
Canada-based Suncor's oil sands production jumped 24% in Q3 to 305,000 barrels per day (bpd), stemming from the Petro-Canada merger and improved performance. For the full-year 2009, SU's oil sands production should increase an impressive 30-35%.
Continue reading Suncor Energy Remains in Uptrend
Posted Jan 7th 2010 8:25AM by David Schepp (RSS feed)
Filed under: Before the Bell, Sears Holdings (SHLD), Costco Wholesale (COST), Economic Data, Oil
Stocks futures on Wall Street headed lower on Thursday in advance of fresh sales numbers from the nation's retailers and losses in foreign markets. Index futures showed the Dow Jones industrial average off by 29 points, while the Nasdaq and S&P 500 were down by 4.75 and 3.5 points, respectively.
After gains Wednesday, stocks ended the day mixed following the release of minutes from the Federal Reserve's two-day meeting last month. The record showed members differed over whether to continue or end stimulus and expressed concern about the nation's elevated unemployment rate, which they expect to remain high for some time. The Dow industrials added 1.66 points, while the Nasdaq lost 7.62 points and the S&P 500 ended nearly flat.
Continue reading Before the Bell: Investors Cautious Ahead of Retail Sales Reports
Posted Jan 5th 2010 5:00PM by Joseph Lazzaro (RSS feed)
Filed under: Commodities, Oil
The price of oil, which these days seemingly averages one new, bullish catalyst a week, now has another -- to ring in the new year: a possible colder-than-normal winter in the northern hemisphere.
Bitter cold weather from the United States to China has increased the demand for heating oil, particularly in the oil-use-heavy Northeast U.S., and in the process boosted the value of crude. Of course weather patterns can shift, but as of now it looks like the U.S. may be in for a colder-than-normal winter.
Oil, which traded Tuesday afternoon up 39 cents to $81.90 per barrel, will now likely take out last year's high at/near $82.
Continue reading The Latest Factor to Boost Oil Prices: Cold Weather
Posted Dec 29th 2009 4:20PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Apple Inc (AAPL), Nokia Corp. (NOK), Oil, S and P 500, DJIA, Housing, NASDAQ
The DJIA has not moved much since mid-month and today was no exception with all three major indexes close to flat.
The Conference Board said that its Consumer Confidence Index rose to 52.9 for December, up from up from 50.6 in November. Both numbers are extremely low compared to a reading of closer to 90 in an expanding economy. The S&P/Case-Shiller index of home price rose a tiny .4% from September to October, but the most recent figure for the housing market was still down 7.3% from last year. Housing prices may be about to find a bottom, but, if so, the case for it is still shaky.
The unofficial closing bell numbers:
Dow 10,545.41 -1.67 (-0.02%)
S&P 500 1,126.19 -1.59 (-0.14%)
Nasdaq 2,288.40 -2.68 (-0.12%)
Continue reading Closing bell: Market Lacks Conviction, Again (AAPL, NOK)
Next Page >
Despite the negative threat of the January Barometer, the markets rallied and rallied sharply today. A strong ISM release rose above more debt concerns globally. Even a $1.6 trillion deficit being locked in for 2011 had no negative impacts on stocks. 
Oil giant Exxon Mobil Corporation (
Oil prices traded lower Wednesday following an inventory report from the Department of Energy that showed a 
Oil prices are moving higher today, as investors look to weather forecasts that predict 
Can any fuel form make a serious run at oil use in the U.S. in the decade ahead? Natural gas might -- largely as a result of natural gas' abundant domestic supply, if new drilling techniques are deemed environmentally safe.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
