Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
Stocks fell for the third straight day today, and the Dow Jones Industrial Average (DJINDICES: ^DJI ) had its worst session in nearly a month as concerns mounted about the Federal Reserve stimulus taper and a disappointing holiday season. The blue chips fell 94 points, or 0.6%, ending the day at 15,915.
With the Fed set to hold its next Open Market Committee meeting in two weeks to determine the future of its $85 billion bond-buying program, investors once again became nervous about the coming taper. Recent jobs numbers have been strong, and Friday's November jobs report should go a long way to determining monetary policy. Another month of strong employment growth could mean the Fed begins cutting the stimulus sooner than expected. Stocks have gained more than 25% this year in large part because of the Fed's bond-buying program, which have made bond yields artificially low, making stocks look better by comparison. Tomorrow's jobs report from ADP will be the first hint at how many new jobs were created in November.
5 Best China Stocks To Buy Right Now: Chevron Corporation(CVX)
Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Advisors' Opinion:- [By Teresa Rivas]
Shares of Chevron (CVX) were up 0.7% in recent trading, on the heels that it has reached a settlement with Brazilian prosecutors.
Chevron and Transocean (RIG) were named in the $20 billion lawsuit over a 2011 oil spill off the southeast coast of the country, and both parties are expected to sign off on the deal today, reports The Wall Street Journal. Criminal charges against executives have already been dropped.
The move comes at a delicate time for Brazil��hile many energy companies are eager to tap the nations resources and appetite, some criticized the government of overacting to the spill; the settlement should calm some ruffled feathers a month before the country will auction off rights to what ��s believed to be one of the largest oil fields ever discovered in deep ocean waters,��notes the Journal.
However, Transocean didn�� get any bump from the news, and was trading down 1.5% at recent check.� Both names have lagged the index in the past year: While the S&P 500 has gained nearly 15% in the last 12 months, Chevron is up 5.7% and Transocean is up just 1.7%.
Other oil majors like Exxon (XOM) and ConocoPhillips (COP) are also up today.
Update: Reuters is reporting that Chevron� is considering bid for stake in a Brazil offshore oil prospect (via Briefing.com).
- [By Dan Caplinger]
Earnings season isn't close to over, but we've already seen a huge number of stocks in the Dow Jones Industrials (DJINDICES: ^DJI ) report their first-quarter results. So far, we've seen more companies do better than expected than do worse, but given the extent to which analysts lowered the earnings bar in the run-up to the beginning of earnings season, investors aren't entirely confident about whether the overall performance of corporate America is strong enough to keep the bull market in stocks roaring for a sixth straight year. This week, Dow components Merck (NYSE: MRK ) , ExxonMobil (NYSE: XOM ) , and Chevron (NYSE: CVX ) will add their results to the mix, and what they say about some of the most challenging sectors of the U.S. economy right now could help determine which direction the Dow moves in the weeks and months to come.
Hot Blue Chip Stocks To Watch For 2014: Philip Morris International Inc(PM)
Philip Morris International Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in markets outside of the United States. Its international product brand line comprises Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also offers its products under the A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in the Russian Federation; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, Eastern Europe, the Middle East, Africa, Asia, Canada, and Latin America. The company is based in New York, New York.
Advisors' Opinion:- [By GuruFocus]
Philip Morris International Inc. (PM) Reached the 52-Week Low of $85.37
The prices of Philip Morris International Inc. (PM) shares have declined to close to the 52-week low of $85.37, which is 15.1% off the 52-week high of $96.73. Philip Morris International Inc. is owned by 31 Gurus we are tracking. Among them, 14 have added to their positions during the past quarter. Ten reduced their positions.
Hot Blue Chip Stocks To Watch For 2014: Colgate-Palmolive Company(CL)
Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. It offers oral care products, including toothpaste, toothbrushes, and mouth rinses, as well as dental floss and pharmaceutical products for dentists and other oral health professionals; personal care products, such as liquid hand soap, shower gels, bar soaps, deodorants, antiperspirants, shampoos, and conditioners; and home care products comprising laundry and dishwashing detergents, fabric conditioners, household cleaners, bleaches, dishwashing liquids, and oil soaps. The company offers its oral, personal, and home care products under the Colgate Total, Colgate Max Fresh, Colgate 360 Advisors' Opinion:
- [By Ben Levisohn]
Shares of Procter & Gamble have dropped 3.2% during the past 12 months, lagging Unilever’s (UL) 2.5% rise, Colgate-Palmolive’s (CL) 8.7% advance and Kimberly-Clark’s (KMB) 3.1% gain.
Hot Blue Chip Stocks To Watch For 2014: McDonald's Corporation(MCD)
McDonald?s Corporation, together with its subsidiaries, operates as a worldwide foodservice retailer. It franchises and operates McDonald?s restaurants that offer various food items, soft drinks, coffee, and other beverages. As of December 31, 2009, the company operated 32,478 restaurants in 117 countries, of which 26,216 were operated by franchisees; and 6,262 were operated by the company. McDonald?s Corporation was founded in 1948 and is based in Oak Brook, Illinois.
Advisors' Opinion:- [By Travis Hoium]
McDonald's
No matter how many times McDonald's (NYSE: MCD ) is in the headlines for its unhealthy food, the company always seems to come back to form. There's just something about the smell of McDonald's that brings in the customers. - [By Chuck Saletta]
Which way did they go?
Perhaps the biggest disappointment of the week came from fast-food titan McDonald's (NYSE: MCD ) , which announced flat earnings and negative same-store sales, while also warning on sales for April. The company blamed penny-pinching consumers and intense competition. Perhaps even more ominously, McDonald's CFO's comments could be interpreted to suggest that the company might be willing to enter a price war in order to gain share.
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