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  • Some sell side notes rolling in on Apple (AAPL): JPMorgan reiterates its Buy and $545 PT, expecting shares to exhibit a relief rally in the near-term. Goldman ups its PT to $530 from $515, but expects the stock to remain rangebound until a new product cycle begins. Morgan Stanley's Katy Huberty sees a tradable rally headed into new product cycles. CFO Oppenheimer on the CC (transcript): "We are on track to have a very busy fall. I would like to leave it there and go into more detail in October." Shares +3.8% premarket. [View news story]
    I don't really know what it means either; but, I don't think it has a lot to do with selling.
    Jul 24 11:27 AM | Likes Like |Link to Comment
  • U.S. crude oil is trading above Brent, topping $108/bbl and erasing a discount of more than $20 in five months. Shale oil was supposed to usher in an era of low prices, but prices will be supported while Gulf of Mexico refiners are prepared to pay even more for crude, as Reuters reports. The refineries are processing record amounts of crude and reaping the benefit from strong margins on products sold overseas. [View news story]
    "The refineries are processing record amounts of crude and reaping the benefit from strong margins on products sold overseas." This is the real reson for the Trans Canada pipeline to the Gulf. It Ain't go a thing to do with lowering the price of gas in the US. That having been said, route the darn thing away from the aquifer and build the thing!

    The Keystone pipeline not trans Canada
    Jul 22 08:30 AM | Likes Like |Link to Comment
  • Why Oil Is $100 Per Barrel Despite Booming American Oil Production [View article]
    BS Karl Kessler.. There were twice as many barrels of oil sold everyday than were used. I agree with Uncle.
    Jul 11 01:56 AM | Likes Like |Link to Comment
  • A little more on Microsoft: 1) There are now close to 100K "Metro" apps in the Windows Store, and total downloads are said to be in the hundreds of millions. That's still well below the pace Apple and Google are seeing, but they have head starts and bigger bases. 2) Microsoft confirms its touch-friendly "Gemini" Office apps won't come until 2014. 3 Flipboard and Facebook Win. 8/RT apps are on the way. 4) Another change meant to appease Win. 7 fans: users can swipe down from the Start menu to see a full list of apps. 4) Hands-on previews for 8.1 (I, II, III) are more positive than negative. Engadget: "We're not sure if Windows 8.1 is distinct enough to win over folks who've been skeptical of Windows 8, but they may want to take another look." (webcast, live blog[View news story]
    They just can't seem to get it right the first time. Today and yesterday I installed and then uninstalled IE9 and 10. I have a couple of computers that I still use running Windows XP and I want to update them to Windows 7 before Microsoft quits supporting XP. I'm slowly working into using Firefox as my browser. Although, it is said that Chrome is good. Chatter chatter.....I have to wonder how Microsoft got as big as it is.
    Jun 26 01:24 PM | Likes Like |Link to Comment
  • Coal stocks (KOL +0.7%) enjoy a bit of a short-covering rally as Pres. Obama's climate change speech displays a similar stance toward the industry as has been heard in prior speeches, but gains don't make up for yesterday's big losses. WLT +7.1%, ACI +4%, PVR +2.8%, YZC +1.8%, PVG +2.4%, PVA +1.9%, RNO +1.6%, ANR +1.4%, AHGP +1.4%, ARLP +1.4%, BTU +1.2%[View news story]
    look who's calling the kettle black.....
    Jun 26 11:25 AM | Likes Like |Link to Comment
  • Coal stocks (KOL +0.7%) enjoy a bit of a short-covering rally as Pres. Obama's climate change speech displays a similar stance toward the industry as has been heard in prior speeches, but gains don't make up for yesterday's big losses. WLT +7.1%, ACI +4%, PVR +2.8%, YZC +1.8%, PVG +2.4%, PVA +1.9%, RNO +1.6%, ANR +1.4%, AHGP +1.4%, ARLP +1.4%, BTU +1.2%[View news story]
    look who's calling the kettle black...............
    Jun 26 11:25 AM | Likes Like |Link to Comment
  • Fitch cuts Illinois' credit rating to A- from A with a negative outlook, citing the state's ongoing inability to address its growing unfunded pension liability, most recently through last week's failure to pass pension reform during the state legislative session. Fitch's action gives Illinois the lowest general obligation bond rating of any of the 50 states. [View news story]
    I have lived in Illinois all my life. As much as you would like to believe the above mentioned list has something to do with Illinois' problems, the list is to small. It should include every member of the state legislature for the last 10 to 12 years. The hole they have dug is so deep the only way out is to back fill it with taxes! Unfortunately the idiots didn't list en to Ben Franklin. A stitch in time saves nine.....At least I think Ben said that, But in the case of Illinois it is oh so true. If they had just raised taxes a little bit 10 years ago things would be oh so much better. Of all of the names listed Blagojevich may have been the biggest single problem!
    Jun 3 08:56 PM | Likes Like |Link to Comment
  • A new Harvard study shows that immigrants may not be as big a burden on the healthcare system as critics claim. Immigrants to the U.S., particularly those without citizenship, contributed $115.2B more to the Medicare Trust Fund during the past decade than they withdrew. The study looked at data from 2002 to 2009, showing for example that in 2009 alone, American-born citizens took $30.9B out of Medicare, while immigrants provided a surplus of $13.8B. The study concluded that policies which restrict immigration may in fact deplete Medicare’s financial resources. [View news story]
    Youngman.....how do you know they are illegal?
    May 30 02:24 PM | 2 Likes Like |Link to Comment
  • A worldwide poll of investors, analysts, and traders conducted by Bloomberg shows more than two thirds believe the U.S. economic recovery is "sustainable," while only a little over a quarter of those surveyed see a return to recession within the next two years. Key drivers of the upbeat forecast include increasing energy independence, rising home values, and "a pause in partisan budgetary battles in Washington" (there's agreement in Washington?). Housing, it seems, is the main talking point: "Anyone who isn't long real estate housing is a moron," Axiom Management's Stan Jonas is quoted as saying. [View news story]
    I said months ago housing got us into this mess and housing can get us out. Pumping up housing with low interest rates, as everyone knows, is a double edged sword. But like the old Kenny Rogers song "You got to know when to hold them and know when to fold them". Hopefully Ben and the boys know.
    May 17 07:32 AM | Likes Like |Link to Comment
  • More on General Motor's (GM) Q1: The automakers sold 2.36M vehicles during Q1, up 3.6% from a year ago. Sales in North America rose 8% to 761,616 vehicles to help offset a 6% drop in Europe to 372,634 units. The quarter included a $162M (noncash) charge for the devaluation of the Venezuelan currency. The tantalizing prospect that GM could see break-even in Europe by mid-decade as sales in China and the U.S. continue to rev up is enticing investors, GM +4.5% premarket. (PR[View news story]
    Yep. The US should have let GM fail. Not. Another fine example of Ultra Conservatives not knowing their buts from a hole in the ground.
    May 2 08:48 AM | Likes Like |Link to Comment
  • Two residents of Mayflower in Arkansas have sued Exxon Mobil (XOM) for over $5M for the pipeline rupture that caused thousands of barrels of oil to spill out and damage their properties. With the Arkansas AG's office investigating the spill, the resident's lawsuit could be followed by more. [View news story]
    Its not a question of will there be a pipeline spill. Its a question of when and where.
    Apr 7 09:17 AM | Likes Like |Link to Comment
  • Eurozone composite PMI drops to 46.5 (flash 46.5) in March from 47.9 in February; services 46.4 (flash 46.5) vs 47.9. "The recession is deepening once again as businesses report that they have become increasingly worried about the region's debt crisis and political instability," says Markit. With German growth almost stalled, "the only source of bright light...has once again begun to fade." (PR[View news story]
    Ya just gotta love austerity.....
    Apr 4 08:20 AM | Likes Like |Link to Comment
  • Wal-Mart (WMT +0.6%) customers barrage Bloomberg News with anecdotal complaints about empty shelves and long lines after a disparaging report on the retailer was issued last week. Though the allegedly-understaffed company dismisses the development as the rumblings of a "handful of people," analysts agree the company's workforce is spread dangerously thin. [View news story]
    ....been a problem at my local Walmart for about a year now.
    Apr 2 03:34 PM | Likes Like |Link to Comment
  • Car registration in France fell 16.4% in March to extend a long losing streak in the nation for the auto industry. Sales at Peugeot (PEUGF.PK) were off 23.6% on its home turf while Renault (RNSDF.PK) saw a sales drop of 8.3% compared to a year ago. [View news story]
    can anyone spell austerity.
    Apr 2 07:44 AM | Likes Like |Link to Comment
  • Canadian messengers are promoting the Keystone pipeline as in the U.S. national interest and an essential part of moving toward energy independence, but the argument is undercut if most of the oil flowing through the line would end up being exported, as seems likely. Adding to the controversy is Pres. Obama's reported remarks that the number of jobs supporters claim the pipeline will generate is exaggerated[View news story]
    Despite the fact that I think the proponents positive impact claims are exaggerated, I say by pass the aquifer and build it. While I was in the Oil state of Texas I noticed a sign that read "entering the Edwards aquifer recharge zone"; and you know what? There aren't any gas stations in that zone! No housing with septic systems all city sewer! By pass the aquifer and build it.
    Mar 15 08:39 AM | Likes Like |Link to Comment
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