U.S. oil futures turned positive after an update on operations of a key pipeline spurred demand for crude contracts.» Read More
As gasoline prices climb, how can investors make money in the energy sector? In Tuesday’s “Best Trade Now” segment, Shawn Reynolds, top-rated fund manager with the Van Eck Global Hard Assets Fund, appeared on “Morning Call” to offer two energy names.
With gasoline prices going higher and higher--could oil be a sector for winning contest stocks? Here's a news report from CNBC that has one stock fund manager/analyst talking oil and gas. Now, he's not talking about the contest but about stocks in general. But the stocks he mentions--NFX and FTO are both up today. Again, these are not recommendations but some information to sift through.
Dan Genter, president and chief investment officer at RNC Capital Management, told CNBC’s “Squawk on the Street” that investors should consider shares of retailers that sell home electronics and cater to younger consumers.
Suez, the French power company planning to merge with Gaz de France, said Tuesday that it more than doubled its stake in Spanish rival Gas Natural.
Good morning all. We are going to be a little short on information today, but rest assured we are working on getting what you need. We will not have individual results or rankings for the 20 finalists today in the Million Dollar Portfolio Challenge or the Second Chance contest, but we can tell you what stocks were the most popular today. Don't worry--we will have the individual results after the close of today's (Tuesday) trading.
Russia's biggest oil producer OAO Rosneft said Tuesday that its net profits fell by 15% in 2006, due to one-time gains the year before and higher taxes.
With the price at the pump hitting record highs, the head of the Energy Department's Energy Information Administration is set to brief lawmakers this morning on the gasoline outlook for the summer.
Stocks ended mixed on Monday as the latest batch of merger news failed to spark excitement among investors ahead of the release of key economic data. "The market has somewhat become like Pavlov's dog, waiting for some blockbuster merger deals to be announced," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
U.S. crude oil futures ended a choppy session only slightly higher, as slumping RBOB gasoline futures helped pare crude oil's early strength on disrupted African output and concern about further interruptions.
Gasoline prices have surged to a record nationwide average of $3.07 a gallon, nearly 20 cents higher than two weeks earlier, according to the latest Lundberg Survey. That surpassed the old record of a nationwide average of $3.03 a gallon set last August.
U.S. average gasoline prices climbed to a record-high average of $3.073 a gallon Monday, narrowly exceeding the previous peak hit after hurricanes knocked out refineries on the Gulf Coast in 2005, according to a survey.
Oil and energy company Repsol said Monday first-quarter net profit rose 3%, backed by lower Spanish taxes and improved margins at the company's refining operations.
Like a runaway train, merger activity will continue to drive stocks this week, but investors will keep a cautious eye on key retailer earnings and economic data likely to impact day-to-day moves.
Stocks ended broadly higher after new economic data raised hopes of a Fed rate cut, and investors were quick to jump back into the market following recent declines. "I'm not surprised to see the market snap back," said Alec Young, market strategist at S&P Equity Research. "The market was kind of overbought -- it was an excellent opportunity for a shakeout."
Oil climbed above $62 a barrel as supply disruptions in Africa compounded worries about inadequate gasoline stock levels in the United States, just weeks ahead of peak summer driving season.
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Eni, the Italian oil and gas company, said that its adjusted net profit fell in the first quarter to 2.68 billion euros ($3.61 billion) from 2.954 billion euros as it suffered from a decline in production and the weakening of the dollar against the euro.
OPEC must increase its oil output before the summer to prevent a sharp decline in industrialised nations' crude oil stocks, the International Energy Agency said on Friday.