Weston, Nov 20 (FlowTrades.com) – The majority of stocks fell for the week, with only the Dow posting a gain after surging to new highs on better than expected economic news overseas and a pledge by the APEC to maintain economic stimulus measures. The Dollar rebounded from a 15-month low against the euro, sending . Read More --
PowerShares DB Crude Oil Short ETN (NYSE: SZO) found its place among ETF gainers today. SZO jumped 3.64% as crude oil fell around 1%.
The Rydex Inverse 2x S&P Select Sector Energy ETF (NYSE: REC) is up 3.39% as Energy sector struggles. REC seeks to reproduce 200% of the inverse performance of the Energy Select Sector Index.
The Claymore/BNY Mellon Frontier Markets ETF (NYSE: FRN) gained 3.15% so far as Emerging market stocks are trading in the positive territory.
ProShares UltraShort MSCI Europe (ETF) (NYSE: EPV) is trading 2.60% up as stocks like Novartis (NYSE: NVS) and BP plc (NYSE: BP) are trading in the red zone. NVS dropped 0.24% and BP lost 1.40%.
Direxion Daily Energy Bear 3X Shs(ETF) (NYSE: ERY) is another ETF that exploited oil weakness today, while Direxion Daily Developed Markets Bear 3x Shs(ETF)
(NYSE: DPK) jumped on the poor performance of the MSCI EAFE Index. ERY is up 2.56% and DPK added 2.38%.
Ultra Short Oil & Gas (NYSE: DUG) added 2.35% as Exxon (NYSE: XOM) and Chevron (NYSE: CVX) fell around 0.3% and 0.5% respectively.
by Sheena Martin, Contributing Editor
Friday, November 20, 2009
Takeovers are big news in the market at the moment.
In fact, did you know that takeovers have the biggest one-day gain in stocks for any asset?
As my colleague – and takeover expert – Louis Basenese says, they’re “some of the safest companies you [...]
Takeovers are big news in the market at the moment.
In fact, did you know that takeovers have the biggest one-day gain in stocks for any asset?
As my colleague – and takeover expert – Louis Basenese says, they're "some of the safest companies you can own. According to FactSet Merger Stat LLC, the average one-day return for shareholders of the target company is 48%."[More...]
Chicago, IL – November 20, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Toyota Motors (TM), Petroleo Brasileiro S.A. (PBR), ExxonMobil Corp. (XOM), Chevron Corp. (CVX) and Royal Dutch Shell PLC (RDS.A).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Toyota’s 1st Sales Gain in 15 Months
Toyota Motors (TM) has posted its first year-over-year monthly sales gain across the globe in 15 months during October. The company’s sales rose 4% to more than 630,000 vehicles. In the U.S., the company’s sales fell 3.5%.
However, in the domestic market Toyota’s sales grew 15% helped by tax breaks for purchases of environment-friendly cars. In China, the company saw a staggering rise of 40% in sales. Toyota returned to profitability in the second quarter of fiscal 2010 ended Sep 30, 2009, after reporting losses since the third quarter of fiscal 2009.
The company posted a profit of ¥21.8 billion ($232 million) or ¥6.96 per share (7 cents) per share. This profit was attributed to government incentive programs across the world – such as the U.S. “Cash for Clunkers"– that helped the company recoup its market share. Consolidated revenue in the quarter dipped 24% to ¥4.54 trillion ($48 billion).
Automotive revenue fell 24% to ¥4.11 trillion ($44 billion) while Financial Services revenue shrank 17% to ¥307 billion ($4 billion). This was on the back of a decline in vehicle sales in each region as well as a negative impact from the appreciation of yen. Sales volume declined 16% to 1.64 million units due to a decrease in volume in all the regions except North America.
Petrobras Profit Exceeds Ests
Brazilian energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced encouraging third quarter results, helped by strong performance from the Supply segment. Earnings per ADR came in at R$1.66 (96 cents), comfortably beating the Zacks Consensus Estimate of 80 cents. However, on a year-over-year basis, Petrobras’ earnings per ADR was down approximately 28.7%, hurt by lower prices of oil and natural gas. Still, they were better than the high double-digit earnings decline suffered by other majors such as ExxonMobil Corp. (XOM), Chevron Corp. (CVX), and Royal Dutch Shell PLC (RDS.A).
Total oil and gas production during the third quarter of 2009 reached 2,534 million oil-equivalent barrels per day, from 2,524 million in the previous quarter and 2,437 million in the same period of 2008. Compared to the third quarter of 2008, Brazilian oil and natural gas liquids production increased 4.8%, while international production was up 24.6%. However, Brazilian natural gas volumes were down 3.3% from the year-ago period, while international output during the quarter was down 6.0% year over year.
During the third quarter of 2009, the average sales price of oil in Brazil decreased 36.4% from the year-earlier period to $64 per barrel. Average sales price of international oil was down 16.9% year-over-year, reaching $57.16 per barrel. Regarding natural gas, average international sales price decreased 21.5% from the third quarter of 2008, while domestic price was down 61.5%.
Refining costs per barrel in Brazil was down 2.6% to $3.37 and internationally, it fell 45.2% to $3.51. Lifting cost per barrel moved down 24.5% in Brazil to $22.86, while overseas costs rose 9.4% to $5.6. Petrobras exported an average of 724,000 barrels of oil per day, 10.2% higher compared to the same period last year.
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Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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Brazilian energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced encouraging third quarter results, helped by strong performance from the Supply segment. Earnings per ADR came in at R$1.66 (96 cents), comfortably beating the Zacks Consensus Estimate of 80 cents. However, on a year-over-year basis, Petrobras’ earnings per ADR was ...
Companies featured in this segment: Jacobs Engineering Group Incorporated (NYSE:JEC), Suncor Energy Incorporated (NYSE:SU), Air Products & Chemicals Incorporated (NYSE:APD), Exxon Mobil Corporation’s (NYSE:XOM), Exxon Mobil Corporation’s (NYSE:XOM), Ocean Power Technologies Incorporated (LSE:OPT), Leighton Holdings Limited (ASX:LEI), Total S.A. (NYSE:TOT), Iberdrola S.A. (MCE:IBE)
Companies featured in this segment: Fiat (OTC:FIATY), Scottish and Southern Energy plc (OTC:SSEZY), E.ON AG (OTC:EONGY), BP plc (NYSE:BP), RWE AG (OTC:RWEOY), General Electric Company (NYSE:GE), Eni SpA (NYSE:E), BP plc (NYSE:BP), Emerson Electric Company (NYSE:EMR), Korea Electric Power Corporation (NYSE:KEP), Reliance Industries Limited (BSE:500325), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Total S.A. (NYSE:TOT)
Companies featured in this segment: RWE AG (OTC:RWEOY), E.ON AG (OTC:EONGY), Areva SA (EPA:CEI), Electricite de France SA (EPA:EDF), Scottish And Southern Energy plc (OTC:SSEZY), Wal-Mart Stores Incorporated’s (NYSE:WMT), Enterprise Products Partners LP (NYSE:EPD), Shell (NYSE:RDS.A), Exxon Mobile (NYSE:XOM), Valero’s (NYSE:VLO), ConocoPhillips’ (NYSE:COP), Alabama Power Company’s (NYSE:ALM), DuPont’s (NYSE:DD), Gulf Power Company’s (NYSE:GUL), Mississippi Power Company’s (NYSE:MPJ)
Companies featured in this segment: Valero Energy (NYSE:VLO), Marathon Oil (NYSE:MRO), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Jacobs Engineering Group (NYSE:JEC), Fluor Corporation (NYSE:FLR), Areva SA (EPA:CEI), El Paso Corporation (NYSE:EP), Rio Tinto plc (NYSE:RTP), BHP Billiton Limited (NYSE:BHP), Baoshan Iron and Steel Company (SHA:600019), ArcelorMittal (NYSE:MT), ABB Limited (NYSE:ABB), Abengoa Solar SA (MCX:ABG), Deutsche Bank AG (NYSE:DB), E.ON AG (OTC:EONGY), Munich Re (BIT:MUV2), RWE AG (OTC:RWEOY), Siemens AG (NYSE:SI), Wisconsin Energy Corporation (NYSE:WEC), Iberdrola SA (OTC:IBDRY), BHP Billiton Limited (NYSE:BHP), China Shenhua Energy Company Limited (SHA:601088), Peabody Energy Corporation (NYSE:BTU), Vale SA (NYSE:VALE), Gazprom OAO (OTC:OGZPY),
Deutsche Bank AG (NYSE:DB), JPMorgan Chase & Company (NYSE:JPM), Rio Tinto plc (NYSE:RTP), Severstal’ OAO (MCX:CHMF), Itochu Corporation (OTC:ITOCY)
Companies featured in this segment: Fiat SpA (OTC:FIATY), Volkswagen AG (OTC:VLKAY), Fortescue Metals Group Limited (ASX:FMG), BHP Billiton Limited (NYSE:BHP), Rio Tinto plc (NYSE:RTP), Edison SpA (BIT:EDN), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), Eni SpA (BIT:ENI), Enel SpA (BIT:ENEL), Gas Natural SDG SA (MCE:GAS), RWE Power AG (OTC:RWEOY), Hindalco Industries Limited (BSE:500440), Larsen & Toubro Limited (BSE:500510)
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