FRANKFURT, March 10- EU Energy Commissioner Guenther Oettinger is to delay talks with Russia on the South Stream gas pipeline project aimed at bringing Russian gas via the Black Sea, he told a German newspaper on Monday, in response to the crisis in Crimea.» Read More
The Dow ripped through the 13,000 level to close with a 135-point gain spurred by strong earnings reports and positive news from Alcoa. "The momentum in the equities market is looking really good," said Alec Young, market strategist at S&P. "We were expecting earnings growth of about 3% and we've seen double that."
It only took six months for the Dow Jones Industrial Average to rise 1,000 points to a record 13,000. But the way analysts were talking on Wednesday, it may take even less time for the blue-chip average to reach 14,000.
Oil rose more than a dollar on Wednesday after U.S. gasoline stocks fell for an 11th straight week, tightening supplies ahead of peak summer demand in the world's top consumer.
Robert Morris, oil and gas analyst at Banc of America Securities, told CNBC’s “Morning Call” that major oil companies such as Exxon-Mobil, Chevron and ConocoPhillips are still good investments.
ConocoPhillips, the nation's third-largest oil and gas producer, said Wedneday first-quarter profit rose 7.7%, as one-time gains from asset sales offset the negative impact of lower crude oil prices.
BP, Europe's second-largest oil company, reported a 17% drop in first-quarter earnings Tuesday on lower oil prices and declining production.
Actor Jonathan Tucker maintains his lead and fellow actor Stephen Collins holds on to second. Stephen was by far the most active celeb Tuesday (trust me, putting in all those ticker symbols for him was NOT easy), but his purchases could give him the lead if they perform well on Wednesday. Meanwhile, James Cromwell holds on to 3rd place, but Ernie Hudson falls from 4th place to 5th.
The Energy Information Administration announced an unexpected draw down in U.S. gasoline inventories. What does this bode for prices as we approach "gasoline season"? Joel Fingerman, principal at OilAnalytics.net, told "Morning Call" viewers to expect a rise -- and mentioned a possible way to play the prices.
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Good morning all. It's a topsy-turvey world on the leaderboard. Kevin Boyd loses first place, surpassed by Shi Nisman-- up from third place to claim the top spot with a bet on strong earnings. Shi moves into first with a portfolio value of $3,880957.09 up $550,672.44 on his Woodward Governor (WGOV) trade which made him $547,672.44 on its 16.45% gain on solid earnings and increased guidance.
ExxonMobil (XOM), the world's largest oil company, releases quarterly earnings before the bell on Thursday. That leaves investors with only one day to make their move. What is it?
Stocks rose and the Dow moved closer to 13,000 after IBM announced a $15 billion stock buyback plan, as investors shrugged off disappointing data from the housing industry."With the liquidity out there and risk appetites increasing for investors ... you probably have to give upside the benefit of the doubt here," said Jeff Saut, chief investment strategist at Raymond James.
Crude oil futures fell more than a dollar as traders took profits ahead of fresh oil inventory data due Wednesday and following Monday's sharp price rise on worries about supply disruptions in the wake of Nigeria's disputed presidential election.
BP, Europe's second-largest oil company, reported a 17% drop in first-quarter earnings due to lower oil prices and declining production.
U.S. crude jumped as much as $1.84 to $65.95 a barrel after Nigeria's elections drew condemnation from monitors and investors waited for fresh word on oil supplies from the world's eighth biggest exporter. Thousands of protesters took to the streets of Nigeria's largest northern city. Brent crude was also up sharply.
Stocks closed lower as cautious comments from GM and Pfizer snapped the Dow's seven-day winning streak. "We've seen a really good move in the market and a little consolidation is healthy," said Bill Nichols, managing director of equity trading for Bear Stearns. "After being higher so much, a little profit-taking is only natural."
Here's a re-cap of today, from the leaderboard, most active and widely held stocks as well as the trivia questions. We already mentioned we have a winner for week #7--Vitaliy Khazid. Here are the trivia questions: The video is worth $2,000 Bonus Bucks: Amazon.com is launching a new support center in which European country? Your answers are: Italy or France or Ireland or The United Kingdom. And the news question is worth $1,000 Bonus Bucks: Barclays announced it will acquire ABN Amro in a deal worth how much?
It wouldn’t be a Friday on Mad Money if you didn’t get a strategy from Cramer on how to play the market next week. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stuart Schweitzer, global markets strategist at JP Morgan Asset & Wealth Management, told CNBC’s “Power Lunch” that jobs –- not high prices at the gas pump –- could become the major markets-shaping issue in the next few months.
Edward Yardeni, president Yardeni Research, told CNBC’s “Morning Call” that sound fundamentals and an international economic boom will drive the market higher.