Filed under: Analyst reports , Analyst upgrades and downgrades , Halliburton (HAL) , Commodities , Oil Goldman Sachs shook up its ratings on the oil-services sector today, and made a notable adjustment to its "conviction buy" list -- Halliburton (NYSE: HAL ) was ousted from the roster in favor of Transocean Inc. (NYSE: RIG ). The brokerage firm still maintains a "buy" rating on HAL, but it’s pretty obvious that the stock is now playing Jan Brady to RIG’s Marcia.
So, why does Goldman prefer RIG to HAL? The former is more strongly levered to oil than the latter -- and, going forward, the analysts expect strong fundamentals and heightened oil prices to support "oilier" stocks. In a note to clients, Goldman said, "... we continue to expect a healthy oil-services spending environment through 2010, supported by low reinvestment rates and secular trends to more complex, high-margin drilling services."
Despite the bullish "buy" ratings o...
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I feel sure that the error in this Bloomberg article will become clear to everyone when a rash of BIC lighter purchases coincides with waves of suspicious fires in negative equity real estate holdings, not only recapitalizing home owners who over-insured, but also reducing the surplus housing inventory that is currently weighing on real estate prices nationwide.
The real story here is the Goldman analyst who, bleary eyed and heavy lid, fielded that scratchy voice mail from the head of resear... more
Greentech Media submits: What’s coming for 2009? Heck if I know, but here’s a shot Predictions can be a tough business. Back in May, Arjun Murti of Goldman Sachs released a report saying that demand from China and lackluster growth in supply will push oil near the $200 mark over the coming months. Complete Story » ... more
Filed under: Politics , Presidential elections Maybe it took the prospect of going down to an inglorious defeat to a relative political novice to get Hillary Clinton to loosen up. In the last 72 hours, the New York senator has appeared on both "Saturday Night Live" and "The Daily Show." On both appearances, she was calm, relaxed and natural, qualities that have been decidedly lacking in her campaign. The question heading into today’s important Texas and Ohio primaries is whether this ... more
Filed under: Allergan (AGN) , Stocks to Buy The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is Allergan. Allergan, Inc. (NYSE: AGN ) is a leading producer of ophthalmic, neuromuscular and skin care pharmaceuticals, and, via its March 2006 acquisition of Inamed Corp., aesthetic products. Analysts see 10-13% revenue growth... more
Filed under: Law , Scandals If you’ve read my posts on Overstock.com, Inc. (NASDAQ: OSTK ) CEO Patrick Byrne’s allegations of a vast conspiracy of market manipulation involving a character from Star Wars and crooked reporters, you know that I’m a bit skeptical. But for this post, let’s put all that aside and assume that Patrick Byrne’s whacked out conspiracy theory is right on: there is indeed a cabal of hedge fund managers and "captured journalists" ... more
Filed under: Mutual funds , Media World , Chasing Value , Stocks to Buy , NASDAQ People are always looking for the perfect investment that is going to be able to beat the market. I have been intrigued recently with the Ultra EFTs. For some investors Ultra ETF’s may be the magic bullet to beat the market over the very long term.
ETF’s such as SPY , QQQQ and DIA have become very popular tools for investors to mirror the indexes with minimal fees. The QQQQ has a man... more
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