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Why This NYSE Floor Trader Is Warning Against Transocean
Tuesday, January 13, 2015 - 2:58pm | 488TJM Investments Managing Director Tim Anderson says the only oil stocks that are secure right now are big international ones. Names like Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), ConocoPhillips (NYSE: COP) and even BP plc (ADR) (NYSE: BP), which has the most exposure...
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Markets Close Higher Following Strong November Auto Sales
Tuesday, December 2, 2014 - 5:46pm | 885U.S. stocks were mostly higher as investors and traders focused on U.S. November automobile sales, rather than Cyber Monday sales. U.S. automobile sales rose 4.6 percent in November to 1.3 million, higher than the 1.27 million analysts were expecting. Cyber Monday sales were expected to grow...
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Yellen's Speech Not Enough To Keep Dow, S&P 500 In Positive Territory
Friday, August 22, 2014 - 4:36pm | 2164U.S. stocks were mostly lower as the tense situation in Ukraine was brought back in the spotlight following a report from NATO who observed an alarming rise in Russian forces near the Ukraine border. Speaking at Jackson Hole, Fed Chair Janet Yellen stated that 19 labor market indicators the Fed...
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3 Companies Poised To Profit From Mexican Energy Reforms
Friday, August 15, 2014 - 8:42am | 756On Monday Mexican President Enrique Peña Nieto signed a package of energy reform laws designed to attract investment in the country’s oil, gas and electricity sectors. Reuters reported Thursday that Mexico’s energy ministry had announced a Round One tender featuring 169...
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What Russian Bans Could Mean For Corporate Profits
Wednesday, August 13, 2014 - 3:38pm | 729Russia's retaliatory ban on imports of food and beverages would likely have limited impact on companies like McDonald’s (NYSE: MCD) and Unilever (NYSE: UN), according to Reuters. Other corporations such as Adidas and BP (NYSE: BP) indicated that a weakened ruble and...
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Brent Surges Toward Nine-Month High
Thursday, June 19, 2014 - 9:01am | 330Brent crude oil approached a nine month high as fighting in Iraq continued to threaten the nation's supplies. The commodity traded at $114.50 at 8:20 GMT as investors kept an eye out for any new developments in the unfolding crisis. Foreign companies have evacuated their workers from Iraqi...
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Market Wrap For June 17: Markets Higher Ahead Of Fed Decision
Tuesday, June 17, 2014 - 4:30pm | 1799U.S. stocks were slightly higher following encouraging economic May data coming in a day before the Federal Reserve concludes its two day meeting regarding its monetary policy. It is possible the Federal Reserve will announce on Wednesday that it is lowering its monthly asset purchases to $35...
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5 Top Dow Stocks With The Most Upside Potential
Monday, May 5, 2014 - 3:41pm | 793The Dow Jones Industrial Average has been around seven percent higher over the past 90 days and near its all-time high. Among its top performing components, those up more than 10 percent in the same period, analysts believe Caterpillar, Chevron, Disney, DuPont and Johnson & Johnson have the...
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Earnings Expectations For The Week Of April 28: Big Oil, Big Pharma And More
Sunday, April 27, 2014 - 11:58am | 854The earnings crunch continues this week. Among the highlights will be scheduled quarterly reports from Exxon Mobil and Chevron, from Bristol-Myers Squibb and Merck, from Time Warner and Viacom, and also from Twitter. Early Thursday, Exxon Mobil (NYSE: XOM) is expected to say that it had earnings...
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Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 4:33pm | 2616U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
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Earnings Expectations For The Week Of February 3: GM, Twitter, Disney And More
Monday, February 3, 2014 - 7:42am | 989January, with its five percent correction, is behind us, and earnings continue to roll out this week, whether or not the groundhog saw his shadow. Highlights will include quarterly results from General Motors (NYSE: GM), Merck (NYSE: MRK), Philip Morris (NYSE: PM) and Walt Disney (NYSE: DIS),...
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Market Wrap For January 22: Earnings Season Continues To Come In Mixed
Wednesday, January 22, 2014 - 5:58pm | 2705Wednesday marked another day of mixed trading as investors and traders continue to find little clarity from the quarterly results released so far. With the markets being a "mixed bag" major indices ended the day little changed with the Dow ending slightly in the red and both S&P 500 and...
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Market Wrap For January 15: Bulls Take Over As Economic Growth Remains Healthy
Wednesday, January 15, 2014 - 5:45pm | 2827The market picked up where it left off Tuesday and recorded a second straight day of strong gains. The Dow posted a triple digit point gain while the S&P 500 and Nasdaq all gained as the Federal Reserve's Beige Book indicated that economic growth remained healthy in most U.S. regions. The...
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Bernie Madoff Shows The Importance Of Understanding The Economic Moat Of An Investment
Thursday, January 9, 2014 - 2:55pm | 587A recent article on Benzinga reported on how scandals can be rewarding for investors. Often times, companies having problems that do not affect the core business model or essential operations will recover. That happened in recent years with BP, Caterpillar, and Wal-Mart, among others. The...
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Market Wrap For December 18: Markets Surge Following the Fed's Taper Announcement
Wednesday, December 18, 2013 - 5:46pm | 2716After much anticipation and heavily speculation the Federal Reserve announced a $10 billion per month taper. Treasury purchases will be cut to $40 billion per month with MBS purchases cut to $35 billion per month. The Fed's move shouldn't come as a surprise as recent economic data and...