Recent Articles
Blue Chip Stocks Get a Boost (WNR, CRM, MSFT, BAS, OIH, SOLF, GOOG, AAPL)
The financial sector led the way today, but the rising tide appears to be lifting most boats. Some of the stocks that are getting a boost include Western Refining, Inc. (NYSE: WNR), Salesforce.com Inc. (NYSE: CRM), Basic Energy Services, Inc. (NYSE: BAS), Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), and the Oil Services HOLDRs ETF (NYSE: OIH). The US FCC also made its decision on the purchase of mobile advertising service AdMob by Google Inc. (NASDAQ: GOOG), and Apple Inc. (NASDAQ: AAPL) was the decisive factor.
BP Estimates on Gulf Oil Leak Are Slippery (BP, RIG, NLC)
Yesterday officials of BP plc (NYSE: BP) estimated that it was siphoning off 5,000 b/d of oil from the leak that started a month ago when the semi-submersible platform owned by Transocean Ltd. (NYSE: RIG) exploded and sank, killing 11 workers. They lowered that estimate to 2,200 b/d this morning and said they would provide more details about the decline later today.
Natural Gas Stocks Hit by Supply Report (CHK, DVN, HK, RRC, SPN, UNG, XES, IEO)
The U.S. Energy Information Administration reported today that natural gas stocks grew by 76 billion cubic feet since last week. Working gas in storage now totals 2.165 trillion cubic feet, above the high end of the five-year average range. That weighed on natural gas stocks Chesapeake Energy Corp. (NYSE: CHK), Devon Energy Corp. (NYSE: DVN), Petrohawk Energy Corp. (NYSE: HK) and Range Resources Corp. (NYSE: RRC)
Google Wants to Know Where You Are (GOOG, AAPL)
One of the hottest areas of development in social media these days is location-aware applications. Most of the companies involved in this development are privately-held startups like Gowalla and Foursquare, but one six-hundred pound gorilla has now weighed in among publicly traded stocks. Google Inc. (NASDAQ: GOOG) has announced a free, open API for its location-aware app called Latitude. Apple Inc. (NASDAQ:APPL) hasn't made any plans yet for a competitor, but is surely taking notice.
CEOs in the Line of Fire as Tenures Shorten Across Wall Street
Consulting firm Booz and Co. has issued its report on CEO succession for the past decade, which includes data gathered from the top 2,500 global companies about the 3,719 CEO turnovers between 2000 and 2009. The report notes that new CEO appointments are dominated by insiders, that the roles of CEO and chairman are more often being split, and that turnover rates are increasingly consistent regardless of geography.
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