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Crude Oil Gets Boost From Refinery Explosion, Gold Inches Toward All-Time Highs

Commodities – Energy
Crude Oil Gets Boost From Refinery Explosion
Crude Oil (WTI) – $73.66 // $0.43 // 0.58%
Commentary: Crude oil kicked off the new, holiday-shortened week on a down note, shedding $0.51, or 0.68%. Things were worse for the commodity in the early part of Tuesday’s trade, as crude was down almost $2 at one point, but news of an explosion at the Cadereyta refinery in Mexico caused prices to rebound. Specifically, gasoline and distillate prices spiked and oil just came along … [visit site to read more]


Forex Trading: Dollar Rallies On Weak German Data

Dollar Rallies on Weak German Data
Less than expected German factory orders and worries over the Irish fiscal situation ?had traders bidding equities lower and buying into safe haven assets as USD/JPY and ?the EUR/CHF fell to new lows.?
Economic News
USD – Greenback Rises on Safe Haven Buying
The dollar put in a strong showing for a second day versus most of the major ?currencies. Traders were quick to buy the dollar following a Wall Street Journal article ?that highlighted European … [visit site to read more]


Forex Trading: EUR/USD Approaching 23.6% Retracement

The EUR/USD, which has been trading continually higher this session, is now approaching the 23.6% fibo line on the move from the high on September 6th to the low on the 7th. If the pair can continue the upward momentum and close above this line the next target is the 38.2% line at 1.27687. Some extra resistance is also added around this level by the 200 hour moving average, which comes in at … [visit site to read more]


Bear Of The Day: McDermott International (MDR)

We are downgrading McDermott International (NYSE:MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook.
Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely affected the economics of building new oil and gas infrastructure. Additionally, the transfer of the power generation and government operations has left McDermott with a less diversified business, thereby heightening its … [visit site to read more]


Bull Of The Day: Ryder System, Inc. (R)

We are upgrading our rating to Outperform on Ryder System (NYSE:R) following its second-quarter earnings. Second-quarter earnings surpassed the Zacks Consensus Estimate on stronger automotive volume, improved commercial rental demand and strong used vehicle sales.
Ryder is planning for a better relative freight pricing market and more freight opportunities in 2010. With an improvement in market conditions, the company has ample balance sheet strength to support its capital spending. Ryder is … [visit site to read more]


Aggressive Growth Stock: The Cooper Companies, Inc.

The Cooper Companies, Inc. (NYSE:COO) surged to a multi-year high after beating Wall Street’s expectations last week. Bullish analysts continue to raise estimates, keeping valuations in check.
Company Description
The Cooper Companies is a global medical products maker focusing on specialty healthcare. The company operates through its subsidiaries, CooperVision and CooperSurgical.
Solid Earnings Surprise
On Sep 2 The Cooper Companies reported third-quarter results that included a 4% increase in … [visit site to read more]


Aggressive Growth Stock: The Cooper Companies, Inc.

The Cooper Companies, Inc. (NYSE:COO) surged to a multi-year high after beating Wall Street’s expectations last week. Bullish analysts continue to raise estimates, keeping valuations in check.
Company Description
The Cooper Companies is a global medical products maker focusing on specialty healthcare. The company operates through its subsidiaries, CooperVision and CooperSurgical.
Solid Earnings Surprise
On Sep 2 The Cooper Companies reported third-quarter results that included a 4% increase in … [visit site to read more]


Momentum Stock: Alliance Holdings GP, LP

Alliance Holdings GP, LP (NASDAQ:AHGP) recently hit a new all-time high of $40.44 after reporting a solid 28% Q2 earnings surprise in late July as the industry recovers from a tough 2009. With estimates on the rise and a hefty dividend yield of more than 5%, AHGP has some solid upward momentum.
Company Description
Alliance Holdings GP, LP, through its subsidiaries, produces and markets coal to utilities and industrial users in the United States and has a market cap of $2.27 billion.
With the coal … [visit site to read more]


Growth & Income Stock: Meadowbrook Insurance Group, Inc

Meadowbrook Insurance Group (NYSE:MIG) recently posted its third consecutive positive EPS surprise (and 8th in the last 9 quarters).
Company Description
Meadowbrook is a specialty insurance underwriter and insurance administration services company. It is engaged primarily in developing and managing Alternative Market risk management programs for defined client groups and their members.
Meadowbrook is headquartered in Michigan and has a market cap of $456 million.
Solid Top Line Growth
On August 2, … [visit site to read more]


Oxford Resource Partners LP initiated with "overweight"

NEW YORK, August 24 (newratings.com) - Analysts at Barclays Capital initiate coverage of Oxford Resource Partners LP (ticker: OXF) with an "overweight" rating. The target price is set to $23. [more]

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