The majority of refinery related stocks are down 10-15% over the past month. However, spreads continue to widen, up another 1% this evening to $28. At present levels, 321 spreads are at the highest levels in 6 months and approaching 5 year highs of $30.
Comments »Biggest Losers Over the Past Two Weeks
Min market cap of $1bill applied to screen
No. Ticker 2-week Return Market Cap
1 AG -24.60 1,870,000,000
2 LFT -24.21 1,170,000,000
3 PPC -21.06 1,170,000,000
4 PTI -19.47 1,100,000,000
5 QIHU -19.29 3,220,000,000
6 UA -18.83 3,340,000,000
7 SVM -18.74 2,080,000,000
8 OPEN -18.38 2,100,000,000
9 FTO -17.54 2,660,000,000
10 HOC -17.34 2,780,000,000
11 BEXP -17.28 3,330,000,000
12 TRMB -17.17 4,950,000,000
13 SFSF -17.07 2,560,000,000
14 SINA -16.51 7,320,000,000
15 WNR -16.50 1,350,000,000
16 CVI -16.04 1,690,000,000
17 YOKU -15.80 5,850,000,000
18 HP -15.04 6,220,000,000
19 UIS -14.52 1,170,000,000
20 HNI -14.18 1,180,000,000
21 AKAM -14.05 6,530,000,000
22 JAZZ -13.82 1,190,000,000
23 NG -13.69 2,770,000,000
24 TIVO -13.61 1,090,000,000
25 TCL -13.56 1,440,000,000
Data provided by The PPT
Comments »Huge ETF Winners/Losers Over the Past Two Weeks
Winners:
No. Ticker 2-week Return
1 ZSL 21.61
2 DUST 13.95
3 LHB 10.87
4 FXP 10.37
5 BZQ 10.27
6 EDZ 9.70
7 ERY 8.61
8 RXL 7.28
9 TMF 7.11
10 EPU 6.75
—————————–
Losers:
No. Ticker 2-week Return
1 BXDD -32.95
2 AGQ -26.18
3 PSLV -21.80
4 CZM -13.22
5 DBS -12.88
6 SLV -12.69
7 LBJ -12.29
8 NUGT -12.24
9 CVOL -12.19
10 SIL -11.65
Tesoro Beats Estimates
First-quarter net income was $107 million, or 74 cents a share, compared with a year-earlier loss of a $155 million, or $1.11, San Antonio-based Tesoro said in a statement distributed by Thomson Reuters. The company was expected to earn 44 cents a share, the average of two analysts’ estimates compiled by Bloomberg.
Comments »Idiot Alert: US Lawmakers Refuse to Release Photos of Dead Bin Laden
They claim it will do no good, as people will say they are doctored anyway. Apparently, this train of thought was absent when they releases the photos of Saddam Husseins son and countless others in the war on terror.
Comments »Asian Markets Slide
The Heng Seng is down more than 1.4%. Most Asian markets are down more than 1% and European futures are called lower by almost 1%.
Comments »Flash: ValueClick beats by $0.03, beats on revs; guides Q2 EPS in-line, revs above consensus
Reports Q1 (Mar) earnings of $0.21 per share, $0.03 better than the Thomson Reuters consensus of $0.18; revenues rose 21.7% year/year to $116.5 mln vs the $113.7 mln consensus. Co issues mixed guidance for Q2, sees EPS of $0.19-$0.20 vs. $0.20 Thomson Reuters consensus; sees Q2 revs of $120-$122 mln vs. $119.78 mln Thomson Reuters consensus.
Comments »Flash: First Solar beats by $0.17, beats on revs; reaffirms FY11 EPS guidance, revs guidance
Reports Q1 (Mar) earnings of $1.33 per share, $0.17 better than the Thomson Reuters consensus of $1.16; revenues were unchanged from the year-ago period at $567 mln. Quarter over quarter, the net income decrease was primarily driven by lower net sales and gross margin. Year over year, the net income decrease was primarily driven by reduced average selling prices and higher expenses, partially offset by increased module production and lower module cost per watt. Gross margins 45.6% compared to 49.7% in prior year. Co reaffirms guidance for FY11, sees EPS of $9.25-9.75 vs. $9.52 Thomson Reuters consensus; sees FY11 revs of $3.7-3.8 bln vs. $3.79 bln Thomson Reuters consensus.
Comments »Flash: Green Mtn Coffee prelim non-GAAP EPS $0.48 vs $0.38 Thomson Reuters consensus; revs $647.7 mln vs $629.35 mln Thomson Reuters consensus
Green Mtn Coffee sees Q3 non-GAAP EPS, may not compare to $0.34-0.38 vs $0.31 Thomson Reuters consensus, sales +90-95% YoY
Comments »Flash: Vertex Pharm beats by $0.18, beats on revs
Reports Q1 (Mar) loss of $0.91 per share, $0.18 better than the Thomson Reuters consensus of ($1.09); revenues were $73.7 mln which includes a $50 mln Japanese milestone payment and may not be comparable to the $25.1 mln consensus.
Comments »Flash: Peet’s Coffee beats by $0.07, reports revs in-line; lowers FY11 EPS below consensus, reaffirms FY11 revs guidance
Reports Q1 (Mar) earnings of $0.41 per share, $0.07 better than the Thomson Reuters consensus of $0.34; revenues rose 9.0% year/year to $88.5 mln vs the $88.5 mln consensus. Co issues guidance for FY11, lowers EPS to $1.43-1.50 from $1.53-1.60 vs. $1.56 Thomson Reuters consensus; sees FY11 revs of +8-10% YoY to ~$360.5-367.2 mln vs. $365.82 mln Thomson Reuters consensus. driven entirely by the significant rise in coffee costs during the last three months. “Looking forward, we have good momentum and plenty of new growth opportunities. While we expect to offset most of the year-over-year coffee cost increase we’re experiencing, we will continue to act in the long-term best interests of our business and not overreact to the recent run-up in world coffee prices.”
Comments »Flash: Century Aluminum misses by $0.04, misses on rev
Reports Q1 (Mar) earnings of $0.25 per share, $0.04 worse than the Thomson Reuters consensus of $0.29; revenues rose 29.8% year/year to $326.3 mln vs the $335.1 mln consensus.
Comments »India Hikes Interest Rates
Asian Markets Weak Across the Board, Sans Hong Kong
^AORD All Ordinaries 4,842.40 12:06AM EDT Down 53.80 (1.10%)
^HSI Hang Seng 23,764.60 12:11AM EDT Up 43.79 (0.18%)
^STI Straits Times 3,156.74 12:25AM EDT Down 23.12 (0.73%)
^KS11 Seoul Composite 2,198.82 12:07AM EDT Down 30.14 (1.35%)
Comments »Geraldo Rivera’s Response Upon Hearing Bin Laden Demise News
He got this one right. However, it still does not make up for Al Capone’s vaults.
[YouTube:http://www.youtube.com/watch?v=UB8WH73fdkg&feature=youtube_gdata_player 616 500] Comments »Phone Call Led to Bin Laden’s Death
Flash: Obama to Visit Ground Zero on Thursday
Four more years is all but certain now.
Comments »Palestinian Leader Condemns US for Killing Bin Laden
Palestinian Prime Minister Ismail Haniyeh of Hamas said killing Osama Bin Laden was “the continuation of the American oppression and shedding of blood of Muslims Arabs.”
Comments »ACI for ICO in All Cash Bid
Arch coal is paying $14.60, all cash, for ICO.
Comments »Flash: Osama Bin Laden Buried at Sea
Apparently, his head will not be brought back to the US. His body has been cremated and dusted off into the sea.
Let the conspiracy theories begin!
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