There are some picks in this sector that have excellent valuations and strong earnings growth.
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They should also remain resilient against risk.
By Daniel Putnam
Mega-cap energy stocks might not be particularly exciting, but anyone who has been invested in this group in the past five months has a lot to celebrate. Since the market touched bottom on Oct. 3, Exxon Mobil (XOM), Chevron (CVX) and ConocoPhillips (COP) have produced total returns of 19.2%, 22.4% and 26.6%, respectively.
As these stocks continue to trade near their 52-week highs, it's time to take a closer look at what might be in store for large-cap energy in the months ahead. While the story isn't perfectly clean -- as highlighted by Exxon Mobil's news that this year's production will come in 3% lower than 2011 levels -- on balance, these three names continue to offer more pros than cons.
New exploration projects result in higher revenue for oilfield services companies like Baker Hughes.
The rig count in the U.S. touched 1,293, up 28 over the past week. Low gas prices are also forcing exploration and production (E&P) companies to shift activity toward oil-rich plays. These changing trends in the North American E&P scene are also likely to affect the performance of other oilfield services players such as Halliburton (HAL).
The coffee seller will produce a single-cup coffee machine that will compete with Keurig. The bank may cut balances on mortgages by voiding certain penalties.
By Chao Deng
Updated at 9 a.m. ET
Starbucks (SBUX) plans to sell a single-cup coffee machine that will go on sale this fall online at high-end specialty stores and at some Starbucks cafes. Starbucks' Verismo is a blow to Green Mountain Coffee Roasters (GMCR), the maker of the Keurig single-serve machines. Starbucks started selling K-cup packs for the Keurig machines last November. "This is not about any disappointment with Green Mountain; it's about controlling our own destiny." Starbucks CEO Howard Schultz said. "They can and they will co-exist."
More than 200,000 financially strapped households will have a chance to reduce their mortgage balances under a deal negotiated by Bank of America (BAC) that could allow the bank to avoid as much as $850 million in penalties, The Wall Street Journal reported. Under the arrangement -- part of the $25 billion settlement of alleged foreclosure abuses between government officials and five large lenders -- Bank of America will make deeper and broader cuts in balances than other banks, according to the newspaper.
The company has successfully deployed its strategy of targeting commercial airplanes as its major future growth driver.
This is a significant milestone for the company, making 777 the fastest twin-aisle airplane ever to reach this mark. It also validates Boeing's strategy to target commercial airplanes as its major growth driver in coming years. Commercial airplanes are the most valuable division at Boeing, accounting for nearly 53% of the stock's value.
Suddenly there's a very good reason why the company is holding on to its mountains of cash.
Johnson & Johnson's recently approved Zytiga continues to score at the expense of Dendreon's Provenge.
Johnson & Johnson's (JNJ) recently approved prostate cancer drug Zytiga continues to impress. On Thursday, the company said the drug improved survival and delayed the progression of cancer in patients with less advanced disease, according to a late-stage study.
For now, the drug is approved only for treatment in men with a late-stage form of prostate cancer who have failed to respond to chemotherapy. But the study was in men with earlier stages of the disease and who had not been treated with chemotherapy. Approval to treat this new prospective patient population could significantly grow the drug's market.
The Iraqi government is unhappy with the independent deal Exxon struck with Kurdistan to explore for oil.
The Iraqi government refuses to recognize deals that foreign oil majors strike with Kurdistan, and Iraq has pressured Exxon to drop the agreement it signed. It's now waiting for an answer, and then will decide whether Exxon should be allowed to bid in its next round of oil exploration licenses.
Two law professors think the government should regulate new financial products as closely as it monitors new drugs.
When Wall Street whizzes come up with new derivatives or other products, they shouldn't be allowed to market them until the government approves, write Eric Posner and E. Glen Weyl in a recent paper. The government should have an agency similar to the Food and Drug Administration that screens financial proposals carefully.
Volume patterns suggest these stocks are good buys for yield- and safety-oriented buyers.
By Tom Aspray
As I noted in January, seasonal analysis indicates that the Select Sector SPDR - Utilities (XLU) "typically tops in late December and bottoms in March." There were also technical signs at the end of 2011 that the best-performing sector in 2011 (up 14.8%) was forming a short-term top.
Even though XLU is down just under 3% in 2012, individual utilities like Dominion Resources (D), which is the ETF's second-largest holding, is down 4.9%. Dominion pays an annual dividend of $2.11, and at the end of 2011, it was yielding 4.02%. Following the correction, it now yields 4.20%.
A study finds patients using a single pharmacy are more likely to connect with pharmacists.
By Zacks Equity Research
Recently, CVS Caremark (CVS) joined Harvard University and Brigham and Women's Hospital in an extensive study on health policy.
They came up with some new ways to save money while being treated. One of their findings was the importance of a single "pharmacy home" for pharmacy customers.
Casino stocks have been on fire the past 2 years, and January's gaming numbers show the momentum isn't slowing.
Gambling revenue in Nevada rose nearly 18.4% in January to nearly $1.04 billion. It was the first $1 billion month for the state in more than three years, according to the Las Vegas Review-Journal.
Some of the increase had to do with the Chinese New Year holiday taking place in January this year instead of February. Las Vegas is among the top 10 places to visit for Chinese New Year, according to a recent report, and the city works hard to lure visitors from mainland China for the celebration.
Brewer aims to make Budweiser the undisputed 'King of Beers.'
These 3 stocks meet the criteria of the pioneer of value investing.
The new iteration of the iPad will only drive the stock higher as owners upgrade, passing their old models on to their children.
Will people buy Apple's (AAPL) iPad 3, and will sales be good enough to propel the stock even higher? Talk about a half-a-trillion-dollar question.
I think they will because we are headed into a world where there's a chicken in every pot and an iPad in the hands of every man, woman and child.
The company plans to sell the Verismo this fall, and says it will maintain a relationship with Green Mountain Coffee Roasters.
Starbucks (SBUX) is jumping into the single-cup brewing market, preparing to launch a home-based machine called Verismo.
The machine (pictured) is slated to launch this fall at specialty stores, at some Starbucks cafes and online. It's a direct hit at the single-cup brewers made popular by Green Mountain Coffee Roasters (GMCR).
In a webcast Thursday afternoon, CEO Howard Schultz said Verismo will differ from Green Mountain's Keurig machines.
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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