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Posted
Apr 28 2008, 04:01 PM
by
Charley Blaine
Rating:
Money Blog: Top Stocks Blog - MSN Money
Earnings from Royal Dutch Shell and BP today just about guarantee that ExxonMobil is going to report some truly gaudy first-quarter revenue and profits on Thursday.
And they're only going to get bigger as the year rolls along. So big, in fact, that Exxon's revenue by the end of the year may be greater than the gross domestic product of Sweden, the world's 18th-largest economy.
Here's how the numbers could work:
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Posted
May 29 2008, 12:26 AM
by
Jon Markman
Rating:
Money Blog: Top Stocks Blog - MSN Money
As crude oil prices continue to cause anxiety, the debate over demand tends to focus on energy usage in the United States, Europe and China. But there’s a big world full of other countries that need raw materials to keep economies humming -- and their intense rivalry is a key factor between soaring prices.
Consider the news from Asia Intelligence that Prime Minister Han Seung-soo of South Korea embarked on a 10-day tour of Central Asia this month that took him to Uzbekistan, Kazakhstan, Turkmenistan, and Azerbaijan in search of oil, uranium and ores. It's called resource diplomacy, but it's more like a resource-grabbing smackdown -- and you can bet it's partly to blame
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Posted
Jul 15 2008, 12:21 PM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
Coming soon to the airline boarding pass clutched in your hot little hand: advertisements.
Printing advertisements on the boarding pass is part of airlines’ continuing frantic search for new sources of revenue to offset higher fuel prices. Here’s betting it will be less painful than getting dinged $15 to check a second suitcase.
The effort, initially adopted by Delta Air Lines, is scheduled to begin Tuesday on flights to Las Vegas. However, ads will soon appear on the airline’s boarding passes to all domestic destinations.
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Posted
Aug 15 2008, 08:32 AM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
A stronger dollar and slowing worldwide growth continue to drive oil prices down.
A barrel of oil recently fetched $113.46 on the New York Mercantile Exchange, about 23% below the peak of $147.27 reached on July 11th.
The US Energy Information Administration says gasoline supplies have dropped more than expected, but demand for fuel continues to fall.
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Posted
Oct 27 2008, 03:26 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Some investors have been so rattled by this market that they have taken their money and run. Even Treasuries are not safe enough. What if the U.S. government defaults?
Of course, Treasuries are a safe investment which is why their prices are going up. A lot of investors are also putting money into corporate bonds, particularly those issued by rock solid firms such as IBM.
The intrepid are going to keep some money in equities, so the question becomes "where do they go?"
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Posted
Oct 30 2008, 08:45 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Unbelievable. Exxon Mobil just reported the biggest profit ever for a U.S. company. It raked in a billion dollars a week in pure profit in the July-September period, 58% more than a year ago.
I don't know whether to admire the accomplishment or hurl.
Crude prices hit an all-time high during the quarter, which helped boost Exxon's profit even though its production actually fell 8% from last year. With that kind of demand, Exxon execs are shrugging off the economic storm felling other companies right now.
"Despite recent volatility in the financial, commodity and credit markets, the fundamentals of Exxon Mobil's business remain strong," executive David Rosenthal said
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Posted
Nov 10 2008, 01:45 PM
by
Anthony Mirhaydari
Rating:
Money Blog: Top Stocks Blog - MSN Money
While economic woes have crude oil trading under $63 a barrel, the International Energy Agency is about to double its long-term price forecast to over $200 by 2030.
The catalyst is the familiar falling supply/rising demand imbalance -- only now it is being exacerbated by the economic downturn. With oil demand expected to fall for the first time since 1983, prices, in the near-term, will likely overcorrect to the downside.
This is great news for downtrodden consumers, but it will lead to higher prices later as oil companies delay or cancel production projects. Once the global economy resumes its brisk growth in a few years, demand will spike, causing prices
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Posted
Nov 18 2008, 10:12 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Companies in the S&P 500 saw operating earnings drop for the fifth consecutive quarter, according to the index. For the third quarter, earnings were down 21.6% from the same time last year. The energy sector saved that number from hitting an all-time low, S&P says. About 40% of the index's operating earnings came from energy companies -- up from 16.2% a year ago. Give credit to Exxon Mobil, which reported the biggest profit ever for a U.S. company for the quarter.
Other high-flying energy stocks in the index include Devon Energy, whose third-quarter earnings tripled as gas and oil sales rose. Then there's
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Posted
Nov 26 2008, 06:52 AM
by
Minyanville
Rating:
Money Blog: Top Stocks Blog - MSN Money
Paired trades always seem a bit too exotic to me - they're just not my style. However, a pair trade sometimes calls out to me too clearly to be ignored, and I play it accordingly. At times, these trades deal with fundamentals (like my Patriot Trade earlier this year); other times, like today. they concern technicals.
Unless you've been living under a rock, you're well aware of the massive decline we've seen in the commodity world. This has been due in part to a global slowdown; however, much of this decline may be due to the massive liquidation and forced selling that occurred when hedge funds bid the market adieu, and money fled to safer havens. Regardless, commodity-related stocks have fallen, and fallen hard. No commodity class is immune.
To play the decline, equity traders have recently focused on new ETF favorites such as the Proshares Ultrashort Basic Material ETF, or the Ultrashort Oil and Gas ETF. These plays have provided excellent trading opportunities; however, it's now purely
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Posted
Feb 02 2009, 02:18 PM
by
Charley Blaine
Rating:
Money Blog: Top Stocks Blog - MSN Money
Last week, I noted -- not happily -- that the Standard & Poor's 500 Index and the Dow Jones Industrial Average ended January with their worst performances for a first month of the year ever.
That's hardly a good sign for the market. The January barometer suggests 2009 could be, well, dicey.
But some of the sports junkies among us will surely note that the Pittsburgh Steelers' Super Bowl win on Sunday was a good omen for the market. Here's why.
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