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Top Analyst Upgrades and Downgrades (CMA, FB, FIO, HES, JDSU, KMB, LOGI,...
These are some of this Thursday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Comerica Inc. (NYSE: CMA) cut to Underperform at Bernstein. Facebook Inc. (NASDAQ:...
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24/7 Wall St. Closing Bell — January 31, 2013: Markets Slip Again (HES, STX,...
U.S. equity markets opened lower this morning following a mixed bag of data on the U.S. economy and mixed earnings results out this morning. In Europe, Germany’s retail sales fell sharply this month,...
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Credit Suisse 2013 Energy Summit Survey: Oil & Gas Investors Are Very Bullish...
The results are in from the Credit Suisse Group (NYSE: CS) 2013 Energy Summit, and investors who were interviewed and surveyed by the Swiss bank remain bullish on the energy sector for 2013. The survey...
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Outlook Remains Rosy for Refiners (TSO, MPC, PSX, ALJ, WNR, CVI, VLO, DK,...
Share prices appreciated by at least 80% for most major crude oil refiners in 2012, a far better performance than turned in by the integrated oil companies, the oil services firms and, saints preserve...
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Hess Corp. to Exit Downstream Oil Business, Become Pure Play E&P Company
Integrated oil company Hess Corp. (NYSE: HES) has announced plans to complete its transformation into a pure-play energy exploration and production (E&P) company by shedding its remaining...
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Media Digest (3/5/2013) Reuters, WSJ, NYT, FT, Bloomberg
China will lean on consumer spending to expand its economy. (Reuters) Facebook Inc. (NASDAQ: FB) faces more lawsuits over its initial public offering. (Reuters) The White House says it believes people...
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Beware of the Coming Activist Bubble
You have heard of all sorts of bubbles in the financial world. There are instances like the housing bubble, a bond bubble, the dot-com bubble, the tech bubble, the private equity bubble, and on and on....
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OPEC Lowers Forecast on Demand for Its Own Crude
The Organization of Petroleum Exporting Countries (OPEC) released its March Oil Market Report this morning. The cartel did not change its forecast for global demand growth of 800,000 barrels a day to a...
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IEA Lowers Oil Demand Forecast
In the wake of yesterday’s OPEC oil market report, we have the latest monthly report from the International Energy Agency (IEA) today. While the two differ somewhat in specifics, the general story is...
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Sanchez Energy Acquires Eagle Ford Assets from Hess
Small-cap independent oil and gas producer Sanchez Energy Corp. (NYSE: SN) this morning announced that it had purchased approximately 43,000 net acres in the Eagle Ford shale play in South Texas from...
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Hess Activist Efforts by Elliott Heating Up
We cannot help but to notice just how active the activist investor community has been. Activist investors are literally influencing hundreds of billions of dollars of value in companies right now. The...
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Hess Sells Another Asset
The battle for what was once the integrated oil & gas company Hess Corp. (NYSE: HES) took another turn this morning after the company said it has signed a deal to sell its 90% interest in a Russian...
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Top Analyst Upgrades and Positive Views from Wall Street
Investors and traders are on the lookout for fresh research ideas from Wall St. that will lead to higher income or more profits. 24/7 Wall St. reviews many fresh research calls each and every morning...
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Crude Oil, Gasoline Prices Set Up for Sharp Drop
Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of sharply lower crude...
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Value Investors, Meet John Paulson’s New Stock Positions
John Paulson made a fortune during and after the recession, but he and his investors have not been as successful since (to say the least). Paulson has been taking some licks on gold but investors still...
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Stocks to Buy for the Coming American Energy Independence
The new American energy boom is underway as U.S. oil and gas production has taken off. The equity and quant analysts at Merrill Lynch see a particular advantage for firms most geared to an uplift in...
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U.S. Approves Pipeline to Canada — Not That One Though
An 80-mile-long chunk of the Vantage Pipeline system to carry ethane gas from North Dakota to Alberta has been approved by the U.S. State Department and the President. Ethane is used as a feedstock...
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Closing Bell for Tuesday on Wall Street: Markets Open Higher, Drift to Mixed...
July 30, 2013: U.S. equity markets opened higher this morning as traders and investors wait for tomorrow’s announcement from the FOMC. There was little economic data published today. In the U.S., the...
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Closing Bell for Wednesday on Wall Street: Markets Open Higher, Dive to Mixed...
July 31, 2013: U.S. equity markets opened higher this morning as traders and investors this afternoon’s announcement from the FOMC. In Europe, the unemployment rate in the eurozone was unchanged at...
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Oil Exploration and Production Companies Spending the Most to Find Oil
With oil prices consistently over the $100 level, the big exploration and production (E&P) companies are ramping up spending to take advantage of the high pricing. Wall Street estimates that...
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