iBankCoin
Home / 2011 / September (page 8)

Monthly Archives: September 2011

Oil slides on supply increase, lower demand

NEW YORK (AP) — Oil dropped Wednesday after the government reported weak fuel demand in the U.S. and an unexpectedly large increase in crude supplies.

Benchmark crude fell 94 cents to $83.51 per barrel in New York, while Brent crude lost $1.02 at $106.12 in London.

Prices had risen sharply earlier this week as Europe appeared to get a better handle on its debt crisis. They fell again as investors turned their attention back to the U.S., the world’s largest petroleum consumer.

The Energy Department reported that gasoline demand last week dropped 2.4 percent from the same time last year. U.S. crude supplies grew by 1.9 million barrels last week, while analysts expected oil supplies to remain unchanged.

Oil has stayed between $79 and $90 a barrel since Aug. 4, as investors have kept a worried eye on weak demand, Europe’s debt crisis and the chances of the U.S. sliding into another recession.

“There’s still a lot of weakness in the U.S.,” said Michael Lynch, president of Strategic Energy & Economic Research.

At the pump, gasoline prices fell 1.4 cents to a national average of $3.465 per gallon on Wednesday. Prices have dipped below $3 per gallon in some cities, including St. Louis, Mo.

In other energy trading, heating oil was virtually unchanged at $2.8846 per gallon and gasoline futures were down a penny at $2.6252 per gallon. Natural gas fell 4 cents to $3.833 per 1,000 cubic feet.

Comments »

THE VULTURE BECOMES THE PREY! Paulson on the Brink

John Paulson already has lots to worry about: turbulence in the stock market, a rocky economy and volatile gold prices.

As the hedge-fund manager suffers through the worst losses of his career, Mr. Paulson now is facing a flock of vulture investors who hope he will be forced to conduct a fire sale of stock and debt holdings.

Rival hedge funds, brokers and other firms are combing through Paulson & Co.’s investments, trying to anticipate what Mr. Paulson might sell if he needs to return cash to investors.

According to traders, some firms have been selling investments they have in …

WSJ (password needed for rest)

Comments »

ALERT: Solar Stocks Are Knifing Lower Again

No. Ticker % Change Industry
1 ENER -8.30 Solar
2 FSLR -7.57 Solar
3 SOL -6.48 Solar
4 EMKR -6.35 Solar
5 TSL -5.20 Solar
6 CSUN -5.13 Solar
7 WFR -4.37 Solar
8 YGE -4.17 Solar
9 GTAT -3.87 Solar
10 CSIQ -3.68 Solar

Comments »

Today’s Early Winners/Losers

Min market cap of $1 billion
No. Ticker % Change Market Cap
1 QCOR 10.07 1,780,000,000
2 JBL 8.34 3,610,000,000
3 IDCC 7.96 3,250,000,000
4 GPOR 7.75 1,400,000,000
5 ATU 5.05 1,310,000,000
6 EVEP 4.99 2,320,000,000
7 NETC 4.83 3,220,000,000
8 BMRN 4.61 3,140,000,000
9 BPOP 4.22 2,060,000,000
10 CHK 4.15 19,160,000,000
11 BWLD 3.97 1,110,000,000
12 PC 3.89 24,260,000,000
13 NMR 3.88 14,920,000,000
14 NBG 3.86 5,490,000,000
15 IX 3.82 9,580,000,000
16 WF 3.80 4,300,000,000
17 DF 3.70 1,530,000,000
18 KNM 3.24 4,810,000,000
19 SHG 3.09 19,220,000,000
20 VMED 3.08 7,900,000,000
21 NFLX 3.07 11,820,000,000
22 ACN 3.04 32,850,000,000
23 GDOT 2.72 1,440,000,000
24 HIT 2.72 241,460,000,000
25 PPO 2.64 2,910,000,000
———————————————–
Save this screen | Your saved screens | Modify fields

(found 1753 matches)
(Includes long and short, average volume > 25k. ETFs excluded.)

No. Ticker % Change Market Cap
1 IOC -15.32 3,040,000,000
2 CRZO -6.84 1,090,000,000
3 FSLR -6.67 8,830,000,000
4 PRGS -6.60 1,390,000,000
5 ACH -6.50 9,360,000,000
6 SOHU -6.46 3,040,000,000
7 SWC -5.19 1,550,000,000
8 HMIN -5.14 1,560,000,000
9 TSL -4.99 1,140,000,000
10 LGF -4.77 1,040,000,000
11 SINA -4.63 6,430,000,000
12 ANR -4.61 7,320,000,000
13 VECO -4.60 1,530,000,000
14 SCCO -4.60 27,160,000,000
15 LSI -4.51 3,930,000,000
16 CGV -4.44 3,430,000,000
17 YNDX -4.32 9,800,000,000
18 TQNT -4.31 1,350,000,000
19 DOW -4.30 31,690,000,000
20 PCX -4.29 1,340,000,000
21 DRI -4.11 6,390,000,000
22 EDU -4.09 4,160,000,000
23 SMS -4.00 3,500,000,000
24 THO -4.00 1,240,000,000
25 OVTI -3.87 1,030,000,000

Comments »

Upgrades and Downgrades This Morning

Upgrades

DTV – DIRECTV initiated with an Overweight at JP Morgan

CAT – Caterpillar initiated with an Overweight at Barclays

AAPL – Apple ests raised at Needham on strong Mac sales and iPad replenishment

CMI – Cummins initiated with an Overweight at Barclays

TLP – Transmontaigne Partners upgraded to Buy from Neutral at BofA/Merrill

PFG – Principal Fincl and Prudential (PRU) initiated with Outperforms at RBC Capital

DE – Deere initiated with an Overweight at Barclays

CMA – Comerica upgraded to Market Perform from Underperform at Wells Fargo

LQDT – Liquidity Services initiated with a Buy at Stifel Nicolaus

VMED – Virgin Media upgraded to Buy from Neutral at Nomura

ETN – Eaton initiated with an Overweight at Barclays

SFD – Smithfield Foods upgraded to Outperform from Market Perform at BMO Capital

LRCX – Lam Research initiated with an Overweight at JP Morgan

CMCSA – Comcast initiated with an Overweight at JP Morgan

SGNT – Sagent Pharma initiated with a Neutral at JP Morgan

NVLS – Novellus initiated with an Overweight at JP Morgan

BRGYY – BG Group upgraded to Buy from Neutral at Goldman

MTW – Manitowoc initiated with an Overweight at Barclays

CHTR – Charter Comm initiated with an Overweight at JP Morgan

AGCO – AGCO Corp initiated with an Equal Weight at Barclays

MAS – Masco upgraded to Neutral from Sell at UBS

PAY – VeriFone initiated with a Buy at Argus

Downgrades

HOGS – Zhongpin downgraded to Neutral at Chardan Capital Markets

HII – Huntington Ingalls initiated with a Sell at Goldman

NAV – Navistar initiated with an Equal Weight at Barclays

MJN – Mead Johnson Nutrition downgraded to Hold from Buy at Citigroup

ITW – Illinois Tool initiated with an Equal Weight at Barclays

FIO – Fusion-io initiated with a Neutral at Lazard

SYY – Sysco initiated with an Underperform at Credit Suisse

SNN – Smith & Nephew downgraded to Average at Caris

CL – Colgate-Palmolive downgraded to Hold from Buy at Citigroup

TEX – Terex initiated with an Equal Weight at Barclays

KMB – Kimberly-Clark downgraded to Hold from Buy at Citigroup

GLP – Global Partners downgraded to Neutral from Buy at BofA/Merrill

PCAR – PACCAR initiated with an Equal Weight at Barclays

Comments »