Category Archives: Stocks

Stocks

Euro Loses Ground –

The Euro lost ground against other major currencies as the Greek debt crisis concerned traders.  Also, European stocks were flat or showed slight declines in light trading on Monday. To read a related Reuters article, please click here: http://www.reuters.com/article/2011/05/30/us-markets-global-idUSTRE71H0EB20110530 James … Continue reading

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Municipal Bonds Rebound –

Municpal bonds have rebounded over the last month with yields for AAA rated munis falling for 25 consecutive trading days.  Investors are willing to accept slightly more risk to achieve greater returns than from safe U.S. Treasuries.  The tax free component of municipal bonds is another factor … Continue reading

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Crude Oil Inventories Jump –

Crude oil inventories jumped 3.8 million barrels according to a report from the U.S. Department of Energy.  The increase was more than three times the 1.2 million barrels that was predicted by analysts.  Market factors also weighed on oil prices and the … Continue reading

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Exxon Mobil Profit Soars –

Exxon Mobil reported earnings on Thursday that indicated a very strong first quarter.  Exxon earnings beat analyst expectations and were $2.14 per share.  Exxon quarterly profit was almost $11 billion which is up from the $6.3 billion the company posted for the first quarter … Continue reading

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Another Big Blue Buyback –

IBM announced that it is increasing their stock buyback plan by $8 billion dollars.  This increases the total stock buyback program to $12.7 billion with additional increases likely to be approved in October.  IBM also raised their quarterly dividend to 75 … Continue reading

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IBM Earnings Beat Estimates –

IBM released their corporate earnings after the close of the market and the numbers beat analysts expectations.  The first quarter operating profit and revenue both exceeded estimates and sales increased by 7.7%.  IBM also increased their forecast for operating profits. To read … Continue reading

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Glencore Valuation –

Glencore is expected to sell a 15% to 20% stake with an estimated value of $9 to 11 billion.  Reuters reports that Barclays Capital and Credit Suisse have released valuations that place Glencore at $52.5 to $69.2 billion.  The Reuters article … Continue reading

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Earnings Lift Dow –

The Dow Jones Industrial Average finished slightly higher on the day because of corporate earnings reports.  High expectations for earnings reports helped to reverse an earlier downward trend for the Dow.  The market moving earnings reports will be announced after the … Continue reading

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Stocks Rise On Data –

Stocks finished the week with gains after the release of positive employment and manufacturing data.  The market had just completed the best first quarter since 1998.  The market gained in spite of oil rising to the highest level since September 2008. To read a … Continue reading

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Stocks Rise –

The Dow Jones Industrial Average rose 50 points on Friday in light trading volume.  Corporate earnings helped to fuel the market as well as government data which indicated that GDP grew faster at the end of the year.  IBM and Chevron were market movers … Continue reading

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Exxon Mobil (XOM) Lands Drilling Permit –

Exxon Mobil landed a deep-water drilling permit in the Gulf of Mexico.  The permit  will allow Exxon to drill in the Keathley Canyon Block 240 miles off the coast of Louisiana.  The Bureau  of Ocean Energy Management, Regulation and Enforcement started to … Continue reading

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Nasdaq Bid For NYSE –

Reports indicate that Nasdaq is close to making a bid for the New York Stock Exchange.  Nasdaq may require financing of $5 billion in new debt for the transaction.  The deal would make Nasdaq the leader in trading of U.S. stocks and could face antitrust … Continue reading

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Dow Rises Again –

The Dow Jones hit a 2 1/2 year high after posting a gain for the 7th straight  day.  The Dow increased 71.52 to settle at 12, 233.15.  This level hasn’t been seen since June 16th, 2008.  The consumer sector helped to drive the … Continue reading

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OPEC To Discuss Output –

OPEC is expected to discuss oil output levels at an international energy forum in Riyadh on February 22nd.  All OPEC members will be at the forum and they could significantly raise output levels.  OPEC has been under pressure to increase output levels … Continue reading

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LinkedIn IPO –

LinkedIn is planning an initial public offering that could raise as much as $175 million.  The LinkedIn IPO may be the first in a string of social media related IPOs in the near future.  Groupon and Facebook are expected to test … Continue reading

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