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UPDATE: Raymond James: Oil Prices, Oil Stocks 'Within Weeks Of Bottoming'
Monday, November 24, 2014 - 4:14pm | 304Read More...Pavel Molchanov of Raymond James believes that oil prices and energy stocks are within weeks of bottoming, regardless of the outcome from OPEC's upcoming meeting on Thursday. “That certainly does not mean that we envision a huge near-term oil rally, but even a period of stabilization...
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Markets Close Higher Ahead Of Busy Earnings Season
Friday, July 11, 2014 - 4:40pm | 2373Read More...U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...
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Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979Read More...U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...
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Market Wrap For May 23: Markets Marginally Higher; S&P 500 Closes Above 1,900
Friday, May 23, 2014 - 4:39pm | 1787Read More...U.S. stocks were little moved with the news-flow light, as would be expected prior to a long-weekend. In fact, Thursday's trading session proved to be the second lowest volume day of 2014. The S&P 500 closed above 1,900 and came within striking distance of matching its intraday all time...
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General Electric's Jeffrey Immelt...The Real Raymond Tusk?
Tuesday, April 22, 2014 - 11:24am | 1094Read More...The Netflix smash-hit political drama House Of Cards portrays a coercive relationship between a billionaire entrepreneur and the President of the United States. It has been rumored that this character, Raymond Tusk, is based on Berkshire Hathaway’s Warren Buffett. This is an understandable...
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Market Wrap For February 27: Yellen Talks Pushes Markets Higher
Thursday, February 27, 2014 - 5:47pm | 2887Read More...U.S. stocks rose after Federal Reserve boss Janet Yellen appeared in the hot-seat today speaking to the Committee on Financial Services and U.S. House of Representatives. Yellen said that it is too soon to determine the extent of which cold weather played a role in a recent batch of poor economic...
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3 Reasons To Be Bullish About Peabody Energy
Thursday, February 6, 2014 - 12:54pm | 432Read More...As detailed previously on Benzinga, recent reports from BP (NYSE: BP), Exxon Mobil (NYSE: XOM), and the International Energy Agency have all predicted an increase in the demand for coal. For some, that could be difficult to see with how securities in the industry have been performing: over the...
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Market Wrap For January 30: Markets Focus on Good News
Thursday, January 30, 2014 - 6:06pm | 2831Read More...U.S. stocks rose on Thursday as investors and traders focused on the positives. Data showed that the economy expanded in the fourth quarter as consumer spending gained traction. "Today the market is focused on the good news, or the developed world," Bill Stone, chief investment strategist at...
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Market Wrap For November 19: Home Depot's Strong Earnings Unable To Keep Dow In Positive Territory
Tuesday, November 19, 2013 - 5:34pm | 1457Read More...Tuesday, Chicago Fed boss Charles Evans said that 2013 growth will likely fall short of expectations. In what is clearly a growing sign of Twitter's (NYSE: TWTR) ability to deliver news, the Chicago Fed live-tweeted Evan's speech which was given to Illinois bankers. Most notable was: @...
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17 Labor Day Stock Picks
Friday, August 30, 2013 - 9:05am | 686Read More...Labor Day marks the unofficial end of summer. Week-long vacations are done, weekend trips to the lake are winding down, and for sports fanatics, here comes football season. But there’s a lot of science behind Labor Day. Consumers spend in very predictable ways making this weekend a key revenue...
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Investors Watch as Obama's Interior Nominee Prepares to Juggle Needs of Business and Environment
Thursday, February 7, 2013 - 10:11am | 611Read More...Sally Jewell is a retail executive and outdoor enthusiast. She has worked in commercial banking and as an engineer for Exxon Mobil Corp. (NYSE: XOM). She also served on the board of directors of Avista Corp. (NYSE: AVA), a Spokane-based power utility, from 1997 through 2003. And, Jewell is...
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Financials Lead Strong Market Opening
Monday, January 25, 2010 - 11:05am | 166Read More...The U.S. stock market opened higher on the back of positive earnings reports and news that Greece should raise much needed funds. The materials and financial sectors led the way for a rising Standard & Poor's 500-share index (Nasdaq: SPX). After worries about the effects of proposed banking...
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Exxon May Sell Austrian Subsidiary
Saturday, January 16, 2010 - 2:26pm | 126Read More...Italy's Eni SpA has entered into talks with Exxon Mobil Corp. (NYSE: XOM) to buy the American oil giant's Austrian subsidiary, acoording to Italian newspaper Il Messaggero. An unidentified source claimed that the two sides had been discussing terms of a deal for months and that the two sides could...












