The Dow Jones and Stock Market opened today 11/04/08 significantly higher then yesterdays close. On the day of the Presidential Election, the Dow Jones opened at 9500, up about 180 points. The S&P 500 was up 20 to 986, and the Nasdaq was up 25 to 1751. Why is the stock market up today? I think it has to do with Libor Rates being down today again today, and that we are just having a relief rally in the stock market. Wall Street hates uncertainty and the market has an Obama victory already priced in. It is looking almost certain that he will win tonight. Here is Art Cashin's views on the stock market and the election.
Biggest Stock Gainers Today - 11/04/08
CIT Group ( CIT ) - CIT is one of the biggest gainers today because the company made a deal with Wells Fargo ( WFC ) where CIT will have a new $500 Million line of credit. This is big news for CIT group!
Stem Cell Stocks: The Stem Cell Stocks, ASTM, STEM, GERN are worth watching today after yesterdays big day. I tlikeSTEM out of the three due to the volume and recent positive news. Stem came out with earnings this morning and reported a better then expected loss per share. A break above $2.28 and the next resistance is $2.53. I only like Stem if it breaks $2.28. Support is still at $2. Watch these levels closely.
Other Stocks to Watch - HIG, LVS, ABK, V, MA, PDO
As always, be sure to check my blog for the latest stock market updates
http://daytradingstockblog.blogspot.com/
Showing posts with label pdo. Show all posts
Showing posts with label pdo. Show all posts
Tuesday, November 4, 2008
Wednesday, August 27, 2008
PDO Technical Analysis - Pyramid Oil Stock Analysis 8/27/08
The following is technical stock analysis for Pyramid Oil Company ( PDO ) 8/27/08:
PDO reported great earnings two weeks ago....as a result, a big move higher. PDO seems to have found support around the $13 level so this should be bought. A close above $15.24 and PDO could really move higher if it gets volume. $16.59 is the 50 day moving average...that could have some minor resistance there. Keep an eye on Oil prices...this is a great way to play oil.
Pyramid Oil has delivered two straight blowout earnings quarters and PDO stock is on many day traders radars.
PDO reported great earnings two weeks ago....as a result, a big move higher. PDO seems to have found support around the $13 level so this should be bought. A close above $15.24 and PDO could really move higher if it gets volume. $16.59 is the 50 day moving average...that could have some minor resistance there. Keep an eye on Oil prices...this is a great way to play oil.
Pyramid Oil has delivered two straight blowout earnings quarters and PDO stock is on many day traders radars.
Thursday, August 21, 2008
8/21/08 Hot Stocks - CHK, XTO, CLR, PDO - Oil Natural Gas Stocks
Today Oil is surging near $120 a barrel yet again. This is due to the USA and Poland getting together for a missle defense deal. Targeted at the distubance in Russia, this has people worried, hence, driving up oil prices.
The Energy Sector is back in play.
XTO Energy ( XTO )
Pyramid Oil ( PDO )
Chesapeake Energy ( CHK )
Continental Resources ( CLR )
I you want to play oil, play these stocks for bigger gains
The Energy Sector is back in play.
XTO Energy ( XTO )
Pyramid Oil ( PDO )
Chesapeake Energy ( CHK )
Continental Resources ( CLR )
I you want to play oil, play these stocks for bigger gains
Wednesday, August 13, 2008
PDO Pyramid Oil reports Earnings - Stock Up 13% 8-13-08
Pyramid Oil ( PDO ) just came out with Earnings at 9am...just a few mintues ago here on 8-13-08.
Earnings again look incredible. Keep in mind during the quarter the company did a 5/4 stock split that is not accounted for on most stock charts.
Pyramid Oil PDO earned .24 cents per share vs .10 a year ago or 154% increase....revenue was 2.1 million vs 1.1 a year ago.
Last quarter PDO earned .22 cents per share vs .02 a year ago! ( these are numbers pre split, keep this in mind! )
Technical Analysis: PDO has resistance at $13...a close over this level would be very bullish....strong support at $9
Highlights:
Second quarter revenue increased 91% to $2.1 million from $1.1 million in last year's second quarter. Approximately 93% of the increase resulted from higher oil and gas prices, which increased by approximately $57.19 per equivalent barrel of oil versus last year's second quarter. Operating income increased by 226% to $1.2 million versus $362,000 in the second quarter a year ago. Net income improved by 154% to $908,000, or $0.24 per diluted share ($0.19 per diluted share after a 5-for-4 stock split that became effective July 7, 2008) from $357,000, or $0.10 per diluted share ($0.08 per diluted share, post split) in the second quarter last year.
Through six months, Pyramid reported revenue of $3.7 million, up 92% versus revenue of $1.9 million in the same period a year ago. Operating income increased 372% to $1.9 million from $406,000 in the six-month period last year. Net income increased 320% to $1.7 million, or $0.47 per diluted share ($0.37 per diluted share, post split) from $415,000, or $0.11 per diluted share ($0.09 per diluted share, post split) in the 2007 six-month period.
John Alexander, president and CEO, said, "Our strong second quarter performance helped fuel solid cash flow from operations, which through six months had increased 183% to $1.7 million versus the comparable period last year. We expect to elevate our oil and gas production rates during the second half of the year, and are therefore optimistic about our prospects for continued strong top- and bottom-line financial results."
Earnings again look incredible. Keep in mind during the quarter the company did a 5/4 stock split that is not accounted for on most stock charts.
Pyramid Oil PDO earned .24 cents per share vs .10 a year ago or 154% increase....revenue was 2.1 million vs 1.1 a year ago.
Last quarter PDO earned .22 cents per share vs .02 a year ago! ( these are numbers pre split, keep this in mind! )
Technical Analysis: PDO has resistance at $13...a close over this level would be very bullish....strong support at $9
Highlights:
Second quarter revenue increased 91% to $2.1 million from $1.1 million in last year's second quarter. Approximately 93% of the increase resulted from higher oil and gas prices, which increased by approximately $57.19 per equivalent barrel of oil versus last year's second quarter. Operating income increased by 226% to $1.2 million versus $362,000 in the second quarter a year ago. Net income improved by 154% to $908,000, or $0.24 per diluted share ($0.19 per diluted share after a 5-for-4 stock split that became effective July 7, 2008) from $357,000, or $0.10 per diluted share ($0.08 per diluted share, post split) in the second quarter last year.
Through six months, Pyramid reported revenue of $3.7 million, up 92% versus revenue of $1.9 million in the same period a year ago. Operating income increased 372% to $1.9 million from $406,000 in the six-month period last year. Net income increased 320% to $1.7 million, or $0.47 per diluted share ($0.37 per diluted share, post split) from $415,000, or $0.11 per diluted share ($0.09 per diluted share, post split) in the 2007 six-month period.
John Alexander, president and CEO, said, "Our strong second quarter performance helped fuel solid cash flow from operations, which through six months had increased 183% to $1.7 million versus the comparable period last year. We expect to elevate our oil and gas production rates during the second half of the year, and are therefore optimistic about our prospects for continued strong top- and bottom-line financial results."
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