By Tim - http://stockstobuy.org
WTI Crude Oil is rising 5% to $94.12 today as riots break out in Libya and Yemen. US Crude Oil is trading on the new April contrat today. Gold is back above 1400 as well.
It looks like some of my Top Stock Picks of 2011 will be up nicely tomorrow
PZG
HDY
KOG
Below is a list of the biggest public companies by market cap (in 000's).
XOM Exxon Mobil Corp. 84.50 420,750,976
AAPL Apple Inc. 350.56 315,039,936
PTR PetroChina Company Limited 135.44 257,291,488
MSFT Microsoft Corp. 27.06 236,560,224
RDS.A Royal Dutch Shell PLC 71.01 223,003,936
RDS.B Royal Dutch Shell 71.27 222,471,872
GE General Electric Company 21.44 221,085,392
BRK.A Berkshire Hath Hld A 127,640.00 205,278,496
BRK.B Berkshire Hath Hld B 85.05 205,164,000
IBM International Business Machines Corp. 164.84 203,163,312
HBC HSBC Holdings plc 58.61 201,721,248
WMT Wal-Mart Stores 55.38 199,186,704
CHL China Mobile Ltd 47.66 198,419,216
CVX Chevron Corp. 98.72 195,829,376
GOOG Google Inc. 630.08 195,110,720
JPM J P Morgan Chase & Co 48.00 177,711,376
PG Procter & Gamble Company 64.30 176,069,248
WFC Wells Fargo & Company 32.64 171,896,768
JNJ Johnson & Johnson 61.11 166,972,256
ORCL Oracle Corp. 33.68 166,679,360
T AT&T Inc. 28.57 165,420,912
BHP BHP Billiton Limited 92.39 158,648,944
PFE Pfizer 19.19 153,550,768
VOD Vodafone Group Plc 29.67 152,136,560
BP BP p.l.c. 47.93 145,885,072
BAC Bank of America Corp. 14.75 145,528,688
KO Coca-Cola Company 64.55 145,289,664
PBR Petroleo Brasileiro S.A.- Petrobras 38.00 143,118,384
C Citigroup Inc. 4.91 139,728,576
TOT TotalFinaElf S.A. 59.74 133,545,312
TM Toyota Motor Corp Ltd Ord 93.20 132,777,904
NVS Novartis AG 57.31 129,980,600
SLB Schlumberger N.V. 95.04 122,016,504
CSCO Cisco Systems 18.85 121,441,920
INTC Intel Corp. 22.14 120,317,472
AMX America Movil S.A.B. de C.V. 57.58 117,615,544
SI Siemens AG 133.84 117,548,224
TEF Telefonica SA 25.25 116,016,784
RIO Rio Tinto Plc 71.54 112,216,048
COP ConocoPhillips 76.62 105,828,280
PM Philip Morris International Inc 61.43 105,252,992
HPQ Hewlett-Packard Company 48.67 103,650,960
VZ Verizon Communications Inc. 36.62 102,838,384
PEP Pepsico 63.41 101,715,104
CEO CNOOC Limited 219.82 101,555,424
MRK Merck & Company 32.85 101,360,992
STD Banco Santander S.A. 12.65 101,296,848
E ENI S.p.A. 50.30 98,972,392
SNP China Petroleum & Chemical Corp. 109.39 98,885,592
GSK GlaxoSmithKline PLC 39.15 98,706,296
ITUB Itau Unibanco Banco Holding SA 23.19 96,436,520
BBL BHP Billiton plc 77.34 89,988,096
BUD Anheuser-Busch Inbev SA 54.90 89,868,744
SNY Sanofi-Aventis SA 34.75 89,553,248
QCOM QUALCOMM Inc. 59.19 88,937,832
EC Ecopetrol S.A. 39.98 85,133,952
UN Unilever NV 29.91 84,835,048
UL Unilever PLC 29.56 84,803,608
GS Goldman Sachs Group 168.04 84,171,048
ABV Companhia de Bebidas - AmBev 28.02 83,330,856
STO Statoil ASA 24.64 80,520,152
OXY Occidental Petroleum Corp. 107.37 79,779,704
RY Royal Bank Of Canada 57.89 78,542,800
HMC Honda Motor Company 44.49 78,472,368
MCD McDonald's Corp. 76.13 78,001,920
AMZN Amazon.com 186.50 77,967,480
DIS Walt Disney Company 43.56 76,690,160
MTU Mitsubishi UFJ Financial Group Inc 5.61 76,352,408
DCM NTT DOCOMO Inc 18.93 75,961,600
UTX United Technologies Corp. 85.01 75,922,528
UPS United Parcel Service 76.47 73,467,904
SAP SAP AG 60.31 71,747,344
ABT Abbott Laboratories 46.88 71,107,536
UBS UBS AG 19.94 69,697,296
WBK Westpac Banking Corp. 123.02 69,477,008
TSM Taiwan Semiconductor Manufacturing 12.81 69,223,504
TD Toronto Dominion Bank 81.35 68,836,144
AZN Astrazeneca PLC 49.38 68,336,888
NTT Nippon Telegraph and Telephone Corp. 24.61 68,318,760
SU Suncor Energy Inc. 44.90 66,148,064
CMCSA Comcast Corp. 25.67 64,758,520
NVO Novo Nordisk A/S 126.31 63,534,100
CMCSK Comcast Corp. 24.18 63,168,352
MMM 3M Company 92.96 62,871,852
CAT Caterpillar 105.86 62,791,172
BNS Bank of Nova Scotia 61.49 61,442,128
CAJ Canon 49.22 60,864,700
HD Home Depot 38.48 60,144,732
BCS Barclays PLC 21.40 60,034,060
V Visa Inc. 75.83 59,811,052
FTE France Telecom S.A. 22.55 59,570,752
MT ArcelorMittal 37.27 56,832,920
GM General Motors Company 36.51 56,675,512
F Ford Motor Credit Company 15.77 54,729,040
POT Potash Corporation of Saskatchewan Inc. 180.00 54,229,640
ABB ABB Ltd 24.15 54,090,948
CS Credit Suisse Group 47.63 53,974,480
KFT Kraft Foods Inc. 30.91 53,695,828
FCX Freeport-McMoran Copper & Gold 52.95 53,576,608
USB U.S. Bancorp 28.56 52,695,892
EMC EMC Corp. 27.18 52,519,488
AXP American Express Company 45.53 52,399,852
AMGN Amgen Inc. 52.24 52,390,000
BA Boeing Company 73.04 52,069,512
TEVA Teva Pharmaceutical Industries Limited 51.89 51,021,360
MO Altria Group 24.79 50,212,240
SLT Sterlite Industries Limited 14.36 50,074,420
ACL Alcon Inc 165.40 49,462,180
DEO Diageo plc 78.06 49,209,232
CNQ Canadian Natural Resources 47.90 49,074,712
NWS News Corp. 18.73 48,009,640
ABX Barrick Gold Corp. 51.40 47,988,620
DD E.I. du Pont de Nemours and Company 55.98 47,406,588
UNH UnitedHealth Group Inc. 42.84 47,341,340
BBVA Banco Bilbao Viscaya Argentaria S.A. 12.76 46,474,808
UNP Union Pacific Corp. 97.14 46,158,752
MET MetLife 47.65 45,843,920
ING ING Group N.V. 12.69 45,793,928
EMR Emerson Electric Company 61.78 45,438,128
MS Morgan Stanley 30.99 45,098,860
CVS CVS Corp. 33.06 44,731,700
HON Honeywell International Inc. 57.99 44,602,488
BMY Bristol-Myers Squibb Company 25.49 43,647,968
APA Apache Corp. 120.01 43,138,412
DOW Dow Chemical Company 38.54 42,644,712
HAL Halliburton Company 48.11 42,548,052
NOK Nokia Corp. 9.19 41,906,060
EBAY eBay Inc. 34.53 41,784,840
MDT Medtronic 41.27 41,511,320
LLY Eli Lilly and Company 34.60 41,086,488
TXN Texas Instruments Inc. 36.23 41,083,760
RBS Royal Bank Scotland Group Plc 15.69 40,956,320
MON Monsanto Company 72.39 40,142,328
NKE Nike 88.82 40,097,800
TWX Time Warner Inc. 38.18 39,967,968
REP Repsol YPF S.A. 33.74 39,446,088
IMO Imperial Oil Limited 48.90 39,379,448
DE Deere & Company 95.00 39,364,340
SCCO Southern Peru Copper Corp. 42.63 39,261,500
INFY Infosys Technologies Limited 69.37 39,041,588
WAG Walgreen Company 42.74 39,027,380
BK Bank of New York Mellon Corp. 31.69 39,024,680
CHU China Unicom Ltd 17.34 38,665,240
DVN Devon Energy Corp. 88.20 38,434,780
APC Anadarko Petroleum Corp. 80.96 38,403,428
TGT Target Corp. 51.90 38,277,140
DB Deutsche Bank AG 65.45 38,186,108
BLK BlackRock 206.67 37,844,752
PKX Pohang Iron & Steel Co. 108.42 37,089,352
MOS Mosaic Company 83.02 37,041,700
TCK Teck Resources Ltd 55.08 36,825,300
EPD Enterprise Products Partners L.P. 44.00 36,742,052
VMW Vmware 88.74 36,686,480
CL Colgate-Palmolive Company 78.42 36,650,200
SNE Sony Corp Ord 36.41 36,589,608
DTV DIRECTV 44.30 35,583,300
GLW Corning Inc. 23.23 35,274,180
BBD Banco Bradesco Sa 19.68 34,802,660
LVS Las Vegas Sands 47.76 34,428,232
TRI Thomson Reuters Corp 39.67 34,418,088
BMO Bank Of Montreal 62.25 33,875,912
ACN Accenture plc. 53.61 33,812,288
LOW Lowe's Companies 26.30 33,810,100
MITSY Mitsui & Company 370.50 33,384,352
NSANY Nissan Mtr Spon Ad 21.1900 33,362,890
MFC Manulife Financial Corp 19.18 33,282,648
WIT Wipro Limited 13.26 32,832,230
RIMM Research in Motion Limited 69.86 32,740,690
PNC PNC Bank 63.99 32,657,190
MRO Marathon Oil Corp. 49.51 32,620,460
COST Costco Wholesale Corp. 75.43 32,315,950
MA Mastercard Inc. 250.74 32,116,890
NOV National-Oilwell 80.18 31,862,890
GILD Gilead Sciences 39.30 31,443,650
CNI Canadian National Railway Company 72.30 31,390,380
NGG National Grid Transco PLC 46.65 31,274,140
SO Southern Company 37.87 31,226,240
DHR Danaher Corp. 51.79 31,030,120
NWSA News Corp. 17.71 30,975,590
SYT Syngenta AG 65.53 30,919,680
GG Goldcorp Inc. 45.05 30,830,020
CM Canadian Imperial Bank of Commerce 82.91 30,777,860
SPG Simon Property Group 107.94 30,666,840
BIDU Baidu 126.80 30,385,770
PRU Prudential Financial Inflation Retail 67.02 30,170,650
ESRX Express Scripts 56.77 29,794,070
BHI Baker Hughes Inc. 70.83 29,555,210
SSL Sasol Ltd 51.24 29,527,060
PHG Koninklijke Philips Electronics 32.55 29,316,970
LMT Lockheed Martin Corp. 81.81 29,069,540
LFC China Life Insurance Company Limited 58.13 29,055,290
PX Praxair 99.09 29,050,950
FDX FedEx Corp. 98.32 28,811,820
PUK Prudential Public Limited Company 23.67 28,765,140
GD General Dynamics Corp. 78.11 28,580,110
EXC Exelon Corp. 41.58 28,533,360
BAX Baxter International Inc. 53.03 28,192,340
NEM Newmont Mining Corp. 58.50 27,873,730
BCE BCE 36.41 27,808,140
CCL Carnival Corp. 45.70 27,687,110
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Showing posts with label oil prices. Show all posts
Showing posts with label oil prices. Show all posts
Monday, February 21, 2011
Thursday, July 9, 2009
My Continental Resources CLR Stock Buy / Trade
On July 7, 2009, I made my first long term stock buy since December 2008 in which I bought shares of Continental Resources Inc. (CLR) at $22.61. In November 2008, I started buying shares of Mercadolibre, Inc. (MELI) below $10 and let most of them go between $12-$13 one month later. My plan was to " flip " my MELI shares by selling them at a higher price and buy them back lower. I never got the chance and you can now see where shares of MELI are to this day. above $23. Oh well, I will take a 25% one month gain in a grizzly bear market any day!!
When I accumulate a long position, I don't buy the stock all at once and will often try to trade the shares when the opportunity is right. Today I traded shares of CLR at the open, selling at $24.50, buying back at $23.80. I still only have half the stock position I want to be at.
Why did I buy Continental Resources Inc. (CLR)?? Well first off, I must say that I have been watching CLR for awhile and given the economic crisis in 2008, I really didn't feel good about the first quarter of 2009. We ended up hitting a bottom in March but given the gut busting downward spiral the markets were in, who knew when we would hit bottom?
A week ago, Oil prices made a short term top around $73 and are now back to $60. Shares of CLR topped out above $34 on June 10, 2009. Since then, there has been an $11 price drop for no reason at all. I made a buy on July 7 at $22.61 with the low being $22.33.
I bought CLR because they are the largest operator in the Bakken Shale which is a huge oil formation located in Montana and North Dakota. The Bakken Formation is the largest oil field in the United States. Given the recent news about China inking deals with Brazil, Russia, and other countries for Oil, one day these assets in the United States could end up being more valuable then the price of oil ( which will be much higher ) itself.
Sanish / Three Forks Oil Zone - The three forks zone is located in the middle bakken formation and many of the companies drilling in the Bakken are find large amounts of Oil in this zone. Some of the best oil wells coming out of the Bakken Shale are from this area. What CLR and a lot of companies aren't sure about is if this is a separate zone or part of the bakken formation itself. If it turns out to be a whole new oil field, Continental's reserves could increase by 40-60%.
Government lack of Action: What is it going to take for the United States to get away from our dependence on foreign oil? Oil prices went to $140 and everyone was trying to figure out ways get off of our Oil Addiction. Government talked about offshore drilling, lifting the ban on Anwar and the Green River Formation in which the Government restricts drilling. Oil prices then went to $40 ( the best time to take action ) and all you heard was silence on this issue. The fact of the matter is, we are never going to get off of oil, at least not anytime soon. Oil prices went from $35 to $70 on a hint of recovery....can you imagine what happens when the demand for oil actually comes back?
Jim Cramer likes CLR - Jim Cramer recently recommend Continental Resources to his viewers. I usually only agree with Jim about 20% of the time because his show is strictly for entertainment purposes only but he does bring up some good points about CLR in this video. Jim Cramer has had some REALLY bad calls but also some great calls. I think CLR will be one of his great calls.
Bottom Line - The prospects for Oil look bright, CLR is undervalued and sitting on nice US Oil assets as well as Natural Gas assets.
I will be buying anything under $20 from here on out but will be trading some of the shares every few days for a chance to sell high and buy back lower.
Continental Resources ( CLR ) is a Strong Buy below $25
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
When I accumulate a long position, I don't buy the stock all at once and will often try to trade the shares when the opportunity is right. Today I traded shares of CLR at the open, selling at $24.50, buying back at $23.80. I still only have half the stock position I want to be at.
Why did I buy Continental Resources Inc. (CLR)?? Well first off, I must say that I have been watching CLR for awhile and given the economic crisis in 2008, I really didn't feel good about the first quarter of 2009. We ended up hitting a bottom in March but given the gut busting downward spiral the markets were in, who knew when we would hit bottom?
A week ago, Oil prices made a short term top around $73 and are now back to $60. Shares of CLR topped out above $34 on June 10, 2009. Since then, there has been an $11 price drop for no reason at all. I made a buy on July 7 at $22.61 with the low being $22.33.
I bought CLR because they are the largest operator in the Bakken Shale which is a huge oil formation located in Montana and North Dakota. The Bakken Formation is the largest oil field in the United States. Given the recent news about China inking deals with Brazil, Russia, and other countries for Oil, one day these assets in the United States could end up being more valuable then the price of oil ( which will be much higher ) itself.
Sanish / Three Forks Oil Zone - The three forks zone is located in the middle bakken formation and many of the companies drilling in the Bakken are find large amounts of Oil in this zone. Some of the best oil wells coming out of the Bakken Shale are from this area. What CLR and a lot of companies aren't sure about is if this is a separate zone or part of the bakken formation itself. If it turns out to be a whole new oil field, Continental's reserves could increase by 40-60%.
Government lack of Action: What is it going to take for the United States to get away from our dependence on foreign oil? Oil prices went to $140 and everyone was trying to figure out ways get off of our Oil Addiction. Government talked about offshore drilling, lifting the ban on Anwar and the Green River Formation in which the Government restricts drilling. Oil prices then went to $40 ( the best time to take action ) and all you heard was silence on this issue. The fact of the matter is, we are never going to get off of oil, at least not anytime soon. Oil prices went from $35 to $70 on a hint of recovery....can you imagine what happens when the demand for oil actually comes back?
Jim Cramer likes CLR - Jim Cramer recently recommend Continental Resources to his viewers. I usually only agree with Jim about 20% of the time because his show is strictly for entertainment purposes only but he does bring up some good points about CLR in this video. Jim Cramer has had some REALLY bad calls but also some great calls. I think CLR will be one of his great calls.
Bottom Line - The prospects for Oil look bright, CLR is undervalued and sitting on nice US Oil assets as well as Natural Gas assets.
I will be buying anything under $20 from here on out but will be trading some of the shares every few days for a chance to sell high and buy back lower.
Continental Resources ( CLR ) is a Strong Buy below $25
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Tuesday, March 17, 2009
Stock Market News March 17, 2009 3/17/09
The following is a summary of the top stock market news moving the market in today's trading action. I will highlight events that could potentially move the stock market in the next day or two and report things that I am watching.
Stock Market Report - 3.17.09
Building Permits: This morning we got building permits data that was a bit better then expected. Building permits, which are less volatile than the housing starts data, rose 3% in February to a 547,000 annual rate. Permits for single-family units rose 11% to a 373,000 rate, the largest percentage gain in 18 years. So this news was good news this morning.
Aloca ( AA ) - $5.56 Down 9.17% - Alcoa (NYSE:AA) announced today a series of operational and financial actions to significantly improve the Company’s cost structure and liquidity. The operational actions will reduce costs by more than $2.4 billion annually, reduce capital expenditures an additional $1.0 billion in 2010, and improve working capital by $800 million in 2009. The Company is reducing the quarterly common stock dividend from $0.17 to $0.03 per share, saving more than $400 million annually, and launching a public offering of common stock and convertible notes planned to yield proceeds of approximately $1.1 billion
Oil Prices - $48.38 - Oil going up toward resistance at $50.50 - If Oil starts trading above $50 for a few days, you could see a quick move toward $60. This would actually be good for the stock market as oil prices take the temperature of the economy.
Dow Jones 30 Leaders - Wal Mart ( WMT ), ExxonMobile ( XOM ), Home Depot ( HD ), Citigroup ( C ). XOM - Exxon Mobil to build tech center in Shanghai - HD - Home Depot up on the good housing data above.
General Electric ( GE ) - $9.77 Up 1.14% - GE Transportation Signs 47 Million Agreement with Trenitalia
Fed Meeting - Two day Fed meeting starts today, we will get a Fed statement out tomorrow afternoon at 2:15pm Est. This could be a market mover.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Stock Market Report - 3.17.09
Building Permits: This morning we got building permits data that was a bit better then expected. Building permits, which are less volatile than the housing starts data, rose 3% in February to a 547,000 annual rate. Permits for single-family units rose 11% to a 373,000 rate, the largest percentage gain in 18 years. So this news was good news this morning.
Aloca ( AA ) - $5.56 Down 9.17% - Alcoa (NYSE:AA) announced today a series of operational and financial actions to significantly improve the Company’s cost structure and liquidity. The operational actions will reduce costs by more than $2.4 billion annually, reduce capital expenditures an additional $1.0 billion in 2010, and improve working capital by $800 million in 2009. The Company is reducing the quarterly common stock dividend from $0.17 to $0.03 per share, saving more than $400 million annually, and launching a public offering of common stock and convertible notes planned to yield proceeds of approximately $1.1 billion
Oil Prices - $48.38 - Oil going up toward resistance at $50.50 - If Oil starts trading above $50 for a few days, you could see a quick move toward $60. This would actually be good for the stock market as oil prices take the temperature of the economy.
Dow Jones 30 Leaders - Wal Mart ( WMT ), ExxonMobile ( XOM ), Home Depot ( HD ), Citigroup ( C ). XOM - Exxon Mobil to build tech center in Shanghai - HD - Home Depot up on the good housing data above.
General Electric ( GE ) - $9.77 Up 1.14% - GE Transportation Signs 47 Million Agreement with Trenitalia
Fed Meeting - Two day Fed meeting starts today, we will get a Fed statement out tomorrow afternoon at 2:15pm Est. This could be a market mover.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Wednesday, March 11, 2009
Stock Market 3/11/09 March 11, 2009
After a huge rally yesterday, stock market futures are pointing higher for pre market trading this morning. We are seeing a nice follow through after yesterday's gains.
Stock Market Report - March 11, 2009
All major stock market averages ended over the 10 day moving average yesterday. This is a technical breakout that could have legs. Keep in mind, it is just a bounce as all of these rallies have been. We won't know if 6500 was a stock market bottom until we go back and retest it. 95% of stock market bottoms are retested so i'd be selling into this rally. I can see the Dow going up to 7500-8000 and then failing.
Oil Prices 3/11/09 - I noticed yesterday that Nymex crude oil hit a high of around 47.90 and then started to roll over. Oil is now trading at $45 in pre market this morning. I'd be cautious buying oil on this dip. We are still stuck in this range between $35-$50 and right now we are near the higher end. I did notice T Boone Pickens call for oil prices to go to $60 before $40 but he has been wrong since Oil broke down in July. Also, there are around 60 million barrels of oil sitting around in tanker ships waiting to be unloaded in the $50's.
Gold Prices 3/11/09 - Gold is trading around $900 and is technically broken. There is a ton of supply that came from people pawning in their gold when it was near $1000. I think the gold trade was overextended and I will look to reload in the mid to low $800's. I have no doubt that Gold prices will again go and stay above $1000 eventually.
Stock Market March 11, 2009 - It looks like the bank stocks are hot once again, Bank of America ( BAC ) is above $5 in pre market. I would keep an eye on FAS, if you see that stock start to break down, the stock market will correct. Another stock to watch is GE. Here are a list of stocks that could perform well today. Here is a list of the Top 10 Stock Gainers of 2009. Enjoy!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Stock Market Report - March 11, 2009
All major stock market averages ended over the 10 day moving average yesterday. This is a technical breakout that could have legs. Keep in mind, it is just a bounce as all of these rallies have been. We won't know if 6500 was a stock market bottom until we go back and retest it. 95% of stock market bottoms are retested so i'd be selling into this rally. I can see the Dow going up to 7500-8000 and then failing.
Oil Prices 3/11/09 - I noticed yesterday that Nymex crude oil hit a high of around 47.90 and then started to roll over. Oil is now trading at $45 in pre market this morning. I'd be cautious buying oil on this dip. We are still stuck in this range between $35-$50 and right now we are near the higher end. I did notice T Boone Pickens call for oil prices to go to $60 before $40 but he has been wrong since Oil broke down in July. Also, there are around 60 million barrels of oil sitting around in tanker ships waiting to be unloaded in the $50's.
Gold Prices 3/11/09 - Gold is trading around $900 and is technically broken. There is a ton of supply that came from people pawning in their gold when it was near $1000. I think the gold trade was overextended and I will look to reload in the mid to low $800's. I have no doubt that Gold prices will again go and stay above $1000 eventually.
Stock Market March 11, 2009 - It looks like the bank stocks are hot once again, Bank of America ( BAC ) is above $5 in pre market. I would keep an eye on FAS, if you see that stock start to break down, the stock market will correct. Another stock to watch is GE. Here are a list of stocks that could perform well today. Here is a list of the Top 10 Stock Gainers of 2009. Enjoy!
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Friday, March 6, 2009
Stock Market 3/6/09 March 6, 2009 Wall Street Report
Today, March 6, 2009, all eyes are on the employment report ( or in this case unemployment report ) that will be released at 8:30am est. Estimates are for the US to have lost 650,000 jobs in February 2009. The unemployment rate is thought to have spiked to 7.9% Anything less would rally the market, anything more could still rally the market but if its over 750,000 we might have some problems. I will list the jobs report data here when the numbers are released.
Jobs Report 3/6/09
Jobs Number - ( Loss of 651,000 )
Unemployment Rate - 8.1%
January Revision - ( was -598,000 Now -655,000 ) December Revision ( was - 577,000 Now -681,000 )
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Jobs Report 3/6/09
Jobs Number - ( Loss of 651,000 )
Unemployment Rate - 8.1%
January Revision - ( was -598,000 Now -655,000 ) December Revision ( was - 577,000 Now -681,000 )
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Thursday, March 5, 2009
Stock Market 3/5/09 March 5, 2009 Wall Street Report
Today, 3/5/09, the stock market futures are indicated lower after the quick sell off at the close yesterday. This has happened during the the past 4 trading sessions. That final 15 minutes can be brutal. Oil prices are falling to around $44 as Gold prices are rising to $916. The following news is the reason the stock market will be down today.
Wall Street Report - 3/5/09
General Motors ( GM ) - GM auditors raise doubts on automaker's viability, GM auditors cite losses, lack of cash flow in raising doubts about its viability.
General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automakers ability to continue operations. The company revealed the concerns, raised by the accounting firm Deloitte & Touche LLP, in its annual report filed on Thursday. Full Article
General Electric ( GE ) - Keith Sherin CFO was on CNBC this morning and said the selling due to the potential capital risk is overdone. " There are no triggers that would put sudden strain on cash position. "
- GE Capital will be profitable during the first quarter
- Only 2% of GE capital is subject to mark to market
General Electric shares have tanked over the past several weeks on fears of a rating downgrade. Yesterday, Bill Gross talked about what he thinks is going on.
Also, if GE stock would fall below $5, most Mutual Funds would be forced to sell due to the fact that they don't holds stocks under $5. You saw this happen to Citi and B of A stock.
Other factors causing today's stock market plunge are the bank stocks. BAC and HSBC are both significantly lower in pre market trading.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Wall Street Report - 3/5/09
General Motors ( GM ) - GM auditors raise doubts on automaker's viability, GM auditors cite losses, lack of cash flow in raising doubts about its viability.
General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automakers ability to continue operations. The company revealed the concerns, raised by the accounting firm Deloitte & Touche LLP, in its annual report filed on Thursday. Full Article
General Electric ( GE ) - Keith Sherin CFO was on CNBC this morning and said the selling due to the potential capital risk is overdone. " There are no triggers that would put sudden strain on cash position. "
- GE Capital will be profitable during the first quarter
- Only 2% of GE capital is subject to mark to market
General Electric shares have tanked over the past several weeks on fears of a rating downgrade. Yesterday, Bill Gross talked about what he thinks is going on.
Also, if GE stock would fall below $5, most Mutual Funds would be forced to sell due to the fact that they don't holds stocks under $5. You saw this happen to Citi and B of A stock.
Other factors causing today's stock market plunge are the bank stocks. BAC and HSBC are both significantly lower in pre market trading.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
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Wednesday, March 4, 2009
Stock Market 3/4/09 March 4, 2009 Dow Jones Report
Today, 3/4/09, the stock market futures are indicated higher after the quick sell off at the close yesterday. Oil is really spiking this morning and gold prices are slightly higher.
Last night, there were two companies the the tech sector that disappointed.
- Google Inc. (GOOG) Chief Executive Eric Schmidt said Tuesday the economic situation is "pretty dire," adding that he does not expect to see improvement until 2010
.
"Everyone is assuming 2009 is a tough, tough year. Schmidt struck an optimistic note when discussing Google's opportunities in the mobile search and display advertising businesses. He predicted that mobile search ad revenues would surpass PC-based paid search sales with a "few years," as opposed to a few decades.
Schmidt pointed to Japan as a leading mobile market in which Google has established partnerships with two of the top three mobile providers. He said the company is now attempting to replicate those types of deals, with the "obvious prize" in China.
- Palm Inc. (PALM) warned that its fiscal third-quarter sales would be well below Wall Street expectations, illustrating the rapid decline of its aging product portfolio.
With no new products hitting the market, few were expecting much until the launch of its Palm Pre later this year. But no Wall Street analyst anticipated such a dire performance.
"The much-anticipated launch of the Palm Pre remains on track for the first half of calendar year 2009, but as expected we've got a difficult transition period to work through," said Palm President and Chief Executive Ed Colligan.
If the Nasdaq breaks the 1295 low, it could get really ugly. Just look what happened when the Dow broke 7449 and S&P 500 broke 741.
Check out my technical analysis of the stock market for support levels and resistance levels.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Last night, there were two companies the the tech sector that disappointed.
- Google Inc. (GOOG) Chief Executive Eric Schmidt said Tuesday the economic situation is "pretty dire," adding that he does not expect to see improvement until 2010
.
"Everyone is assuming 2009 is a tough, tough year. Schmidt struck an optimistic note when discussing Google's opportunities in the mobile search and display advertising businesses. He predicted that mobile search ad revenues would surpass PC-based paid search sales with a "few years," as opposed to a few decades.
Schmidt pointed to Japan as a leading mobile market in which Google has established partnerships with two of the top three mobile providers. He said the company is now attempting to replicate those types of deals, with the "obvious prize" in China.
- Palm Inc. (PALM) warned that its fiscal third-quarter sales would be well below Wall Street expectations, illustrating the rapid decline of its aging product portfolio.
With no new products hitting the market, few were expecting much until the launch of its Palm Pre later this year. But no Wall Street analyst anticipated such a dire performance.
"The much-anticipated launch of the Palm Pre remains on track for the first half of calendar year 2009, but as expected we've got a difficult transition period to work through," said Palm President and Chief Executive Ed Colligan.
If the Nasdaq breaks the 1295 low, it could get really ugly. Just look what happened when the Dow broke 7449 and S&P 500 broke 741.
Check out my technical analysis of the stock market for support levels and resistance levels.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Tuesday, March 3, 2009
Stock Market 3/3/09 March 3, 2009 Dow Jones Report
The Stock Market Futures are indicated higher in pre market today, March 3rd, 2009. After Asian Market hit fresh lows last night they began to bounce. The Nikkei 225 index was only down 50 points. The Reserve Bank of Australia was expected to slash interest rates but they ended up keeping rates the same. This is viewed as very good news for the world markets, or atleast down in Australia.
Pre Market so far indicates that bank stocks are going to get a bounce today. Citigroup is back to $1.34 Up 11% and Bank of America is up 5%. Keep in mind, this can all change very quickly!
This afternoon Auto Sales come out for the big 4 auto makers which includes Toyota. Sales are supposed to be horrible but for the most part they are already priced in.
Gold is falling again to support of around $925, the next support level for Gold Prices would be around the 875 area. Oil is rising to around $41 after falling hard yesterday. Oil was actually trading around $39.50 last night at one point.
The biggest events besides auto sales today will be separate hearings, in Washington, from Timothy Geithner and Ben Bernanke. The market could move on things that they say or new information revealed.
Check out my technical analysis of the stock market for support levels and resistance levels.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Pre Market so far indicates that bank stocks are going to get a bounce today. Citigroup is back to $1.34 Up 11% and Bank of America is up 5%. Keep in mind, this can all change very quickly!
This afternoon Auto Sales come out for the big 4 auto makers which includes Toyota. Sales are supposed to be horrible but for the most part they are already priced in.
Gold is falling again to support of around $925, the next support level for Gold Prices would be around the 875 area. Oil is rising to around $41 after falling hard yesterday. Oil was actually trading around $39.50 last night at one point.
The biggest events besides auto sales today will be separate hearings, in Washington, from Timothy Geithner and Ben Bernanke. The market could move on things that they say or new information revealed.
Check out my technical analysis of the stock market for support levels and resistance levels.
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Monday, January 12, 2009
Stock Market Report 1/12/09, January 12, 2009
Why is the stock market going down today? The Dow Jones, Nasdaq, and S&P 500 are all very weak during the first half of trading today. Here are a few reasons why the major averages continue their downward slide.
- Earnings Season is Here - Alcoa AA, a key Dow Jones component, releases earnings tonight and Wall Street is sending shares of this company down almost 8% ahead of this report. This alone is adding pressure to the Dow Jones Average.
- Oil Prices Continue to Fall - After hitting $50 last week, Oil is back under $38 today and this is sending commodities stocks lower. Look at Potash ( POT ) for example, down 10.3% today on no news.
- Citigroup ( C ) Breaking Down - Citigroup continues to break down breaking the $6.51 low from late December. Support is at $5.94 from early December and if this level is take out, look out below. If Citigroup starts free falling like it did back in November, the market could get spooked once again. Keep an eye on Citi!
- Low Volume - There is just no volume in the market today, a few big sells can really hit the markets hard when you have a lack of volume and buyers.
- Dow Jones Testing 8500 - It was bound to happen sooner or later, the Dow Jones is back testing 8500, today and tomorrow could be big technical days.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
- Earnings Season is Here - Alcoa AA, a key Dow Jones component, releases earnings tonight and Wall Street is sending shares of this company down almost 8% ahead of this report. This alone is adding pressure to the Dow Jones Average.
- Oil Prices Continue to Fall - After hitting $50 last week, Oil is back under $38 today and this is sending commodities stocks lower. Look at Potash ( POT ) for example, down 10.3% today on no news.
- Citigroup ( C ) Breaking Down - Citigroup continues to break down breaking the $6.51 low from late December. Support is at $5.94 from early December and if this level is take out, look out below. If Citigroup starts free falling like it did back in November, the market could get spooked once again. Keep an eye on Citi!
- Low Volume - There is just no volume in the market today, a few big sells can really hit the markets hard when you have a lack of volume and buyers.
- Dow Jones Testing 8500 - It was bound to happen sooner or later, the Dow Jones is back testing 8500, today and tomorrow could be big technical days.
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
Wednesday, November 5, 2008
Dow Jones Close 11/05/08 - Stock Market Report
Stock Market Closing Prices - 11/05/08
Dow Jones Industrial Average ( DJIA ) Close - 9139.27 Down 486
Nasdaq Stock Market Close - 1682 Down 98
S&P 500 Close - 953 Down 53
Libor Rates - 11/05/08
1 Month - 1.96%
3 Month - 2.51%
Commodities Closing Prices - 11/05/08
Gold - 740
Oil - 65.32
Natural Gas - 7.24
The Dow Jones Industrial Average closed at 9139 on 11/05/08, as investors woke up to a new President and a reality check that our Economy is very bad right now. The ADP Employment figure came out this morning and it was horrible, reducing US payrolls by 157,000. The Jobs Number on Friday will be even worse! First we need to get past tomorrow's Retail Sales number which is going to be ugly! Starting to get the picture? We had a great rally, but things are still grim out there, you have to be cautious! Check out the Dow Jones Chart that I made today and the price points that I am watching for the Dow. Let us all hope 9000 holds when we test it again, unless you are short of coarse!
The Stock Market Futures were down slightly this morning, The Dow Jones futures were only down 70 points in pre market trading but selling quickly hit the market when stocks opened. The Dow Jones was pretty much down around 300 during the afternoon hours and it got worse in the last hour. Steel Stocks and Technology Stocks were very weak today, especially Apple ( AAPL ), Google ( GOOG ), and Amazon.com ( AMZN ). The Solar Stocks such as First Solar ( FSLR ) and Energy Conversion Devices ( ENER ) were weak today after going up all week long. Meredith Whitney came on CNBC at 3:30pm and gave some comments on the Financial Stocks, this really hit the market hard during her talk on the closing bell. Her comments are a must read!
Biggest Stock Gainers - November 5th, 2008
The hottest stock today was Radian Group ( RDN ). This company came out with some nice earnings which caused the stock to spike higher.
Chesapeake Energy ( CHK ) was outstanding today. There are rumors that BP is looking at the company as far as a buyout. This sent shares of Chesapeake Energy up 16% at one point. CHK was strong all day with heavy volume. Major pullbacks should be bought if you get them. I see $30's in the near future unless the market tanks again.
How about Jim Cramer's call on MasterCard ( MA ) yesterday, only 24 hours left to go Jim!
For more updates on the stock market, visit:
http://daytradingstockblog.blogspot.com/
Dow Jones Industrial Average ( DJIA ) Close - 9139.27 Down 486
Nasdaq Stock Market Close - 1682 Down 98
S&P 500 Close - 953 Down 53
Libor Rates - 11/05/08
1 Month - 1.96%
3 Month - 2.51%
Commodities Closing Prices - 11/05/08
Gold - 740
Oil - 65.32
Natural Gas - 7.24
The Dow Jones Industrial Average closed at 9139 on 11/05/08, as investors woke up to a new President and a reality check that our Economy is very bad right now. The ADP Employment figure came out this morning and it was horrible, reducing US payrolls by 157,000. The Jobs Number on Friday will be even worse! First we need to get past tomorrow's Retail Sales number which is going to be ugly! Starting to get the picture? We had a great rally, but things are still grim out there, you have to be cautious! Check out the Dow Jones Chart that I made today and the price points that I am watching for the Dow. Let us all hope 9000 holds when we test it again, unless you are short of coarse!
The Stock Market Futures were down slightly this morning, The Dow Jones futures were only down 70 points in pre market trading but selling quickly hit the market when stocks opened. The Dow Jones was pretty much down around 300 during the afternoon hours and it got worse in the last hour. Steel Stocks and Technology Stocks were very weak today, especially Apple ( AAPL ), Google ( GOOG ), and Amazon.com ( AMZN ). The Solar Stocks such as First Solar ( FSLR ) and Energy Conversion Devices ( ENER ) were weak today after going up all week long. Meredith Whitney came on CNBC at 3:30pm and gave some comments on the Financial Stocks, this really hit the market hard during her talk on the closing bell. Her comments are a must read!
Biggest Stock Gainers - November 5th, 2008
The hottest stock today was Radian Group ( RDN ). This company came out with some nice earnings which caused the stock to spike higher.
Chesapeake Energy ( CHK ) was outstanding today. There are rumors that BP is looking at the company as far as a buyout. This sent shares of Chesapeake Energy up 16% at one point. CHK was strong all day with heavy volume. Major pullbacks should be bought if you get them. I see $30's in the near future unless the market tanks again.
How about Jim Cramer's call on MasterCard ( MA ) yesterday, only 24 hours left to go Jim!
For more updates on the stock market, visit:
http://daytradingstockblog.blogspot.com/
Tuesday, November 4, 2008
Oil and Natural Gas Prices Up 11/04/08
Today, 11/04/08, Oil and Natural Gas prices are rising with the stock market. At 11:45est time, the price of Oil is up $5.35 to $69.25 and the price of Natural Gas is surging .44 to $7.28. This is the first time natural gas has traded above $7 for some time now. As you probably know, in July 2008 Oil was over $140 per barrel and Natural Gas was around $14. This caused a huge shale drilling boom in the United States and Canada. People in Louisiana and East Texas were striking it rich with the Haynesville Shale. People in Pennsylvania were striking it rich with the Marcellus Shale. People in North Dakota were striking it rich with the Bakken Shale.
Could this finally be the turn up in energy prices? If the stock market continues to surge, look for energy prices to follow. The companies drilling each of these shale plays will see their stock prices run back up. You can get a full list of companies drilling at each of the shale fields on my other website, http://oilshalegas.com
Some of the stocks that I like:
XTO Energy XTO
Chesapeake Energy CHK
Continental Resources CLR
Anadarko Petroleum APC
Petrohawk Energy HK
http://daytradingstockblog.blogspot.com/
Could this finally be the turn up in energy prices? If the stock market continues to surge, look for energy prices to follow. The companies drilling each of these shale plays will see their stock prices run back up. You can get a full list of companies drilling at each of the shale fields on my other website, http://oilshalegas.com
Some of the stocks that I like:
XTO Energy XTO
Chesapeake Energy CHK
Continental Resources CLR
Anadarko Petroleum APC
Petrohawk Energy HK
http://daytradingstockblog.blogspot.com/
Monday, October 27, 2008
Stock Market 10/27/08 - Dow Jones Futures - October 27th, 2008
10/27/08 Pre Market Trading Report:
Today, October 27th, 2008, the Dow Jones Futures and all stock market futures for that matter are headed much lower. The Dow Jones Futures in pre market are Down 330 points, Nasdaq Futures, Down 51 points, S&P 500 Futures, Down 40 points.
The stock market is headed for another scary open today, 10/27/08, and it all started last night in the Asian and European stock markets. The Hang Seng stock market was down 12.7% and the Nikkei tumbled another 6.4% to hit a 26 year low. Click here for Fridays Analysis
Asian Markets - European Markets
Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 -- the lowest since October 1982. Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline since 1991.
European markets followed Asia lower, with benchmarks in Britain, Germany and France trading down more than 4 percent in early trading. The FTSE 100 index was 190.31 points, or 4.9 percent, lower at 3,693.05, while Germany's DAX was down 182.81 points, or 4.3 percent, at 4,112.86. France's CAC-40 was the worst performing European index, down 184.65 points, or 5.8 percent, at 3,009.14.
Oil is down $1.78 to $62.37
Today, October 27th, 2008, the Dow Jones Futures and all stock market futures for that matter are headed much lower. The Dow Jones Futures in pre market are Down 330 points, Nasdaq Futures, Down 51 points, S&P 500 Futures, Down 40 points.
The stock market is headed for another scary open today, 10/27/08, and it all started last night in the Asian and European stock markets. The Hang Seng stock market was down 12.7% and the Nikkei tumbled another 6.4% to hit a 26 year low. Click here for Fridays Analysis
Asian Markets - European Markets
Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 -- the lowest since October 1982. Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline since 1991.
European markets followed Asia lower, with benchmarks in Britain, Germany and France trading down more than 4 percent in early trading. The FTSE 100 index was 190.31 points, or 4.9 percent, lower at 3,693.05, while Germany's DAX was down 182.81 points, or 4.3 percent, at 4,112.86. France's CAC-40 was the worst performing European index, down 184.65 points, or 5.8 percent, at 3,009.14.
Oil is down $1.78 to $62.37
Monday, October 20, 2008
Pre Market Trading - Stock Market 10/20/08 - Libor Rates Declining
Today, 10/20/08, The stock market futures are pointing higher so far in pre market trading. Asian and Europe stock markets rose nicely last night. The Nikkei was up 3.6% and the Hang Send was up 5.3% last night in active stock trading.
Libor rates have been coming down a bit helping to boost the overseas markets. Even Europe opened a lot stronger last night. It look like it will be a strong day for the US stock markets. Oil is hitting $74 this morning , up $2 per barrel mounting talk that the Organization of Petroleum Exporting Countries ( OPEC ) will cut production at the end of this week in an attempt to shore up prices that have fallen by 50 percent in three months.
Stocks to Watch Today - Ambac ( ABK ) & Cit Group ( CIT )
These two stocks were very active on Friday and up huge. There is no reason to think that will let up today with a strong stock market. You could really see some nice gains in these stocks.
Earnings today 10/20/08 - American Express ( AXP ) , SanDisk ( SNDK ) , Netflix ( NFLX )
For a full earnings calendar - visit - http://blackberrystocks.com
Libor rates have been coming down a bit helping to boost the overseas markets. Even Europe opened a lot stronger last night. It look like it will be a strong day for the US stock markets. Oil is hitting $74 this morning , up $2 per barrel mounting talk that the Organization of Petroleum Exporting Countries ( OPEC ) will cut production at the end of this week in an attempt to shore up prices that have fallen by 50 percent in three months.
Stocks to Watch Today - Ambac ( ABK ) & Cit Group ( CIT )
These two stocks were very active on Friday and up huge. There is no reason to think that will let up today with a strong stock market. You could really see some nice gains in these stocks.
Earnings today 10/20/08 - American Express ( AXP ) , SanDisk ( SNDK ) , Netflix ( NFLX )
For a full earnings calendar - visit - http://blackberrystocks.com
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