Energy traders keep insisting that oil stocks related to the gulf spill have been oversold. But the situation seems to get worse not better. How should you position?
Should you position for a market that’s about to climb or is there a whole lot more selling to come?
With data from ThomsonReuters, we took a look at which stocks have mean consensus estimates furthest above their stock prices (as of market close on 5/21/10).
A massive sell-off on Wall Street Thursday thrust the stock market into an official correction. Now, some traders are warning that a bear market lies ahead.
Technicians were gingerly moving joysticks to guide deep-sea robots and thread a 6-inch tube with a rubber stopper into the 21-inch pipe spewing oil from the ocean floor. That work continued Saturday morning for a second day.
BP Friday was attempting to insert a pipe to siphon oil from a blown out undersea oil well in the Gulf of Mexico and channel it to the surface, a company executive said.
It appears some of the energy companies called to Capital Hill may actually benefit from being grilled by lawmakers.
Over the past few years, the outlook from Cisco CEO John Chambers has been spot on. That combined with technical action makes the traders nervous.
Political patience is washing away for BP executives who can't stop a broken underwater well from spewing oil into the Gulf, where crews were trying the latest solution—submerging a second containment box designed to funnel the gusher to a waiting tanker.
The Obama administration is proposing splitting the agency that oversees offshore drilling in response to the Gulf Coast oil spill. The New York Times reports.
With so many mixed signals in the market, should you bias toward being bullish or bearish?
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The massive oil spill in the Gulf of Mexico has negatively impacted the shares of the companies involved. Will it have a direct effect on crude oil prices? Jason Gammel, managing director of research at Macquarie, and Fadel Gheit, managing director and senior analyst at Oppenheimer, offered CNBC their insights—and stock calls.
The surface area of a catastrophic Gulf of Mexico oil spill quickly tripled in size amid growing fears among experts that the slick could become vastly more devastating than expected.
Officials from BP have successfully tested a chemical that attaches itself to oil and weighs it down to the ocean floor, where there are natural forces that absorb the oil, CNBC has learned.
Spills, investigations, and reputational risk: Several companies in 3 different areas (energy, financials and coal) are experiencing problems Friday.
On the heels of the Napolitano press conference, in which the Homeland Secretary said the Deepwater Horizon spill in the Gulf of Mexico was of "national significance," energy stocks have come off their highs, and several are in negative territory.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Plus, get another drilling play from Cramer and his call on Caterpillar.
Better corporate profits and economic news could keep the market humming, as long as the slow fuse on the Greek debt situation doesn't end with a bang.