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PSGI is green this A.M.
PSGI is green this A.M.
KATX 3 left @ .022....now...
KATX 3 left @ .022....now...
.045 PSGI..bottom bounce play here...:)
.045 PSGI..bottom bounce play here...:)
KATX 1 MM left @ .0205
KATX 1 MM left @ .0205
PSGI...up 10% out of the gate...
PSGI...up 10% out of the gate...
CRWE,KATX,PSGI On Watch....:)
CRWE,KATX,PSGI On Watch....:)
Latest Bloomberg Market Movers Below.
XTO Energy Inc. (XTO:US) surged 16 percent to $47.98 for the biggest rally in the S&P 500. Exxon Mobil Corp. (XOM:US) agreed to buy XTO Energy in an all-stock transaction valued at $31 billion. Exxon agreed to issue 0.7098 common shares for each common share of XTO, or about $51.69 a share. Exxon fell the most in the Dow Jones Industrial Average, sliding 3.9 percent to $69.98.
Visa Inc. (V:US) rose 2.8 percent to $83.64 after jumping earlier to $85.91, the highest intraday price since June 2008. The world’s biggest electronic payments network was among stocks that will join the Standard & Poor’s 500 Index after the close of trading on Dec. 18. The stock was raised to “outperform” from “neutral” at Robert W. Baird & Co.
Teradyne Inc. (TER:US) gained 5.5 percent to $10.15 and increased earlier to $10.35, the highest intraday price since Oct. 20. The maker of automatic test equipment for electronics manufacturers was raised to “overweight” from “neutral” at Piper Jaffray.
Sun Microsystems Inc. (JAVA:US) jumped 9.5 percent to $9.15 after climbing as much as 9.8 percent, the most intraday since April 20. Oracle Corp. (ORCL:US) pledged to continue investing in Sun’s competing database software after its planned $7.4 billion purchase of the computer maker was threatened by European Union antitrust regulators. Oracle rose 1.5 percent to $23.11.
Philip Morris International Inc. (PM:US) added 3 percent to $49.95 and advanced 3.7 percent earlier, the most intraday since July 23. The largest U.S. tobacco company was added to Goldman Sachs’ “conviction buy-list” with a 12-month price target of $62. Goldman said investors are underestimating the growth prospects of the tobacco company.
Oshkosh Corp. (OSK:US) tumbled 16 percent to $34.27 after sinking as much as 19 percent, the most intraday since April 30. BAE Systems Plc (BA/ LN) and Navistar International Corp.’s (NAV:US) protests of the Army’s armored-vehicle production contract with Oshkosh, valued at as much as $3 billion, were upheld by the U.S. Government Accountability Office.
Lionbridge Technologies Inc. (LIOX:US) rose the most in Russell 2000 Index, rallying 13 percent to $2.26. The provider of translation services and software announced a three-year contract with an unidentified biotechnology company and said fourth-quarter revenue will “be at the high-end or above” its earlier projection of $98 million to $102 million.
Hansen Medical Inc. (HNSN:US) jumped 9 percent to $2.91. The maker of medical robotics settled litigation against Luna Innovations Inc. (LUNA:US) under an agreement that will give Hansen Medical a 9.9 percent stake in Luna and rights to certain Luna technology.
GTx Inc. (GTXI:US) declined 6.9 percent to $3.62 and slipped as much as 7.5 percent, the most intraday since Nov. 16. The developer of a drug to prevent broken bones in prostate- cancer patients said it will cut 28 percent of its staff after the drug was delayed by the U.S. Food and Drug Administration.
Gannett Co. (GCI:US) increased 6.3 percent to $13.99 after rising earlier to $14.15, the highest intraday price since Oct. 21. The USA Today publisher was raised to “buy” from “hold” at Benchmark & Co., which cited “a steadily improving outlook, a sound long-term management strategy and an attractive stock valuation.”
Citigroup Inc. (C:US) fell 4.6 percent to $3.77 and sank earlier to $3.70, the lowest intraday price since Aug. 11. The recipient of the biggest U.S. bank bailout struck a deal with regulators to repay $20 billion to taxpayers. Citigroup will raise the funds with a sale of $20.5 billion of equity and debt.
China Petroleum & Chemical Corp. (SNP:US) jumped 6.2 percent to $88.12 and climbed 7.4 percent earlier, the most intraday since May 4. The company known as Sinopec rose on speculation that it may buy oil and gas assets from its state- run parent.
California Micro Devices Corp. (CAMD:US) surged 52 percent to $4.65 and jumped as much as 53 percent, the most intraday since April 2001. The chipmaker agreed to be bought by ON Semiconductor Corp. (ONNN:US) for $4.70 a share.
Brookdale Senior Living Inc. (BKD:US) added 5.4 percent to $18.27 and climbed earlier to $18.45, the highest intraday price since Nov. 5. The operator of assisted living homes for seniors was added to Goldman Sachs Group Inc.’s “conviction buy-list” with a target price of $22.
Amazon.com Inc. (AMZN:US) fell 3.3 percent to $129.79 and slid earlier to $129.35, the lowest intraday price since Nov. 20. The largest Internet retailer may slide if the company is unable to sustain the sales and earnings forecasts reflected in the price of its shares, Barron’s reported, without citing anyone.
Stocks on the move
KATX....02 x .0205....
KATX....02 x .0205....
Latest Bloomberg News Below
Fujii Says Japan Must Cap Bond Sales as Hatoyama Backpedals
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By Keiko Ujikane
Dec. 11 (Bloomberg) -- Japanese Finance Minister Hirohisa Fujii said the government must cap bond sales at 44 trillion yen ($495 billion) next year, in contrast with Prime Minister Yukio Hatoyama, who indicated he is prepared to abandon the pledge.
“Such a figure doesn’t need to be seen as a big problem for the Cabinet,” Fujii said at a news conference in Tokyo today. “We have to do it,” he said of the bond limit, which was the amount that the previous government budgeted for the current fiscal year ending in March 2010.
Faced with declining tax revenue and a public debt burden that’s already the largest in the world, Fujii is trying to maintain fiscal discipline without choking off a recovery from the country’s worst postwar recession. Bonds fell for a second day on concern that Hatoyama will step up debt issuance.
“The government’s duty is to protect the lives of citizens,” Hatoyama said earlier today. “We’re not saying that we can’t go even one yen” above the 44 trillion yen target, he said.
In response, Fujii said he didn’t think that keeping the debt-sale cap would hurt people’s lives. Maintaining a stable bond market is “extremely important,” he said.
The yield on Japan’s 10-year bond rose two basis points to 1.27 percent at 2:18 p.m. in Tokyo. Ten-year yields are likely to climb to 1.35 percent by the end of the year, according to a Bloomberg News survey of economists.
Budget ‘Target’
Deputy Prime Minister Naoto Kan said today that Hatoyama asked to include the 44 trillion yen as a “target” in a budget outline that may be released as soon as next week.
“I can’t say” if the goal will be met, Kan said, because the government hasn’t calculated its estimate for tax revenue for the year starting April 1. Tax receipts for the current fiscal year will fall below bond issuances for the first time in 63 years, Fujii said this week.
Deflation and a rising yen threaten Japan’s recovery. The world’s second-largest economy grew 1.3 percent in the three months to September, less than a third of the pace initially reported, revised figures showed this week. Household sentiment fell in November for the first time this year, the Cabinet Office said today.
The prime minister may be compelled to break the pledge to restrict next year’s bond sales as he battles squabbling within his coalition and sliding popularity.
Shizuka Kamei, the leader of junior coalition member the People’s New Party, said today that he wants the budget to be 95 trillion yen. Fujii said he plans to trim more than 690 billion yen from the 95 trillion yen in budget requests made by government departments.
Hatoyama delayed an economic stimulus package this week to appease Kamei’s calls for higher spending. Kamei agreed to the plan after the prime minister added 100 billion yen, bringing its size to 7.2 trillion yen when it was released on Dec. 8.
To contact the reporter on this story: Keiko Ujikane in Tokyo at kujikane@bloomberg.net
Last Updated: December 11, 2009 00:23 EST