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Offshore drillers are again under pressure on concerns that there may be a partial shutdown in drilling activity in the Gulf of Mexico: Hercules, Diamond Offshore, Noble and ENSCO are again weak today, as are smaller exploration and production firms with a primary presence there. But attention has moved this morning to those who might be involved in the cleanup.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
The S&P 500 is down today, and true to the trend of the past few months, oil is following. Read on to see what's behind this pattern.
Five-star fund manager Steven Romick of First Pacific Advisors criticized the level of government intervention in General Motors.
The Dow Jones Industrial Average finally closed below its November 21 closing low, and is now at the lowest level since 2002. The S&P and the NASDAQ have not broken the November lows.
Futures are trading up as Europe is up on an oversold rally.
With less than three days to go before expiration, the puts are exploding in February options for Nabors Industries.
As the auto rescue package becomes a reality for GM and Chrysler, the markets end the week mostly in positive territory, led by small caps with the Russell 2,000 up 4% for the week, even as the auto rally fizzled late Friday. Volatility waned, with the VIX falling 17.23% this week, to close at 44.93 Friday.
Some traders think this might be a good day to spend on the sidelines. Not Scott Black. He says investors should snap up value stocks -- right away.
The Dow made double digit gains Thursday as a battle to control Yahoo boosted the technology sector and a pullback in oil eased concerns about inflation. What's the "Word on the Street?"
1) UBS is pounding the table on oil: It upgraded oil to $115 for 2008, $120 for 2009, and intitiates coverage of the offshore drilling sector, with buy ratings on Atwood, Diamond Offshore, Ensco, Noble, Rowan, and Transocean. Here are the reasons...
Scott Richter has a set of directions for investors in a market that lacks direction: be selective; be defensive; and be very attentive to valuation.