Stock prices dollar plunge as oil soars: related news

Stock prices, dollar plunge as oil soars

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Oil-Immersion Cooled PCs Goes To Retail

notthatwillsmith writes "Everyone's seen mods where someone super-cools a PC by submersing it in a non-conductive oil. It's a neat idea, but most components aren't designed to withstand a hot oil bath; after prolonged exposure materials break down and components begin to fail. Maximum PC has an exclusive hands-on, first look at the new Hardcore Computer Reactor, the first oil-cooled PC available for sale. Hardcore engineered the Reactor to withstand the oil, using space-age materials and proprietary oil. The Reactor's custom-manufactured motherboard, videocards, memory, and SSD drives are submersed in the oil, while the dry components sit outside the bulletproof tank. The motherboard lifts out of the oil bath on rails, giving you relatively easy access to components, and the overall design is simply jaw-dropping.

Big Freddie Mac attack: Best of the Boards/Blogs

We have all seen our investments plummet these last few months. Hedge funds liquidation is one of the reasons. The psychological fear is also one of the reasons driving prices down. And not just stock prices, but most commodity prices. This is the main reason that I am optimistic about what is to come. Even though oil consumption is down, the developing world's oil consumption keeps rising. The large oil companies are not replacing their depleting reserves. The major oil companies are buying back shares, like SVM is doing, instead of putting that

Dubai is most vulnerable to lower oil prices, says Citigroup

UAE. Dubai, the second largest of the seven Emirates in the UAE, is the most vulnerable place in the Gulf to lower oil prices as real estate prices and debt refinancing pose "real risks,'' Citigroup said.

AES (AES) NewsBite - AES Downgraded By Barclays Capital

AES (AES) was downgraded today by analysts at Barclays Capital and the stock is now at $7.57, down $0.85 (-10.10%) on volume of 5,060,997 shares traded. The brokerage downgraded the stock to "Equalweight" from "Overweight." Over the last 52 weeks the stock has ranged from a low of $6.66 to a high of $23.09. AES stock has been showing support around $7.27 and resistance in the $9.55 range. Technical indicators for the stock are bullish and S&P gives AES a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AES the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

Callaway Golf (ELY) NewsBite - ELY Downgraded By Wachovia

Callaway Golf (ELY) was downgraded today by analysts at Wachovia and the stock is now at $9.96, down $1.91 (-16.09%) on volume of 1,279,998 shares traded. The analysts downgraded the stock to "Market Perform" from "Outperform." Over the last 52 weeks the stock has ranged from a low of $9.78 to a high of $18.20. Callaway Golf stock has been showing support around $11.00 and resistance in the $12.84 range. Technical indicators for the stock are neutral and S&P gives ELY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ELY the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Diana Shipping (DSX) NewsBite - DSX Upgraded By JP Morgan

Diana Shipping (DSX) was upgraded today by analysts at JP Morgan and the stock is now at $8.58, up $0.03 (0.35%) on volume of 2,286,340 shares traded. The analyst upgraded the stock to "Overweight" from "Neutral." Over the last 52 weeks the stock has ranged from a low of $8.51 to a high of $41.10. Diana Shipping stock has been showing support around $7.29 and resistance in the $10.99 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for DSX. If you are looking for a hedged play on DSX the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Cemex (CX) NewsBite - CX Downgraded By Citigroup

Cemex (CX) was downgraded today by analysts at Citigroup and the stock is now at $8.15, down $1.97 (-19.47%) on volume of 17,409,634 shares traded. The brokerage downgraded CX to "Hold" from "Buy" and lowered its price target on the stock to $13 from $31. Over the last 52 weeks the stock has ranged from a low of $9.51 to a high of $33.40. Cemex stock has been showing support around $8.34 and resistance in the $12.46 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for CX. If you are looking for a hedged play on CX the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

D R Horton (DHI) NewsBite - DHI Upgraded By Citigroup

D R Horton (DHI) was upgraded today by analysts at Citigroup and the stock is now at $5.33, up $0.20 (3.90%) on volume of 10,083,454 shares traded. The analyst upgraded the stock to "Buy" from "Hold." Over the last 52 weeks the stock has ranged from a low of $4.59 to a high of $17.95. D R Horton stock has been showing support around $3.39 and resistance in the $7.53 range. Technical indicators for the stock are bullish and S&P gives DHI a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DHI the stock seems like it could be a candidate for a January covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

Eagle Bulk Shipping (EGLE) NewsBite - EGLE Downgraded By JP Morgan

Eagle Bulk Shipping (EGLE) was downgraded today by analysts at JP Morgan and the stock is now at $4.35, down $2.10 (-32.56%) on volume of 2,948,635 shares traded. The brokerage downgraded the stock to "Underweight" from "Overweight." Over the last 52 weeks the stock has ranged from a low of $5.50 to a high of $36.24. Eagle Bulk Shipping stock has been showing support around $5.23 and resistance in the $8.25 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for EGLE. If you are looking for a hedged play on EGLE the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Barclays Capital: Expect Sharp Fall in CPI

(RTTNews) - The October Consumer Price Index (CPI) is likely to fall 0.91 percent m/m, the largest one-month decline in more than 60 years. We expect the NSA index to print 216.7. Retail gasoline prices fell roughly 16 percent and alone are expected to subtract more than 1pp from the overall growth rate. The other energy components are likely to be mixed, with natural gas and heating oil prices falling significantly but electivity prices edging higher. We look for the CPI food component to rise 0.2 percent m/m, or 6.2 percent y/y. Although food-related commodity prices have declined sharply over the past two months, the high level of value added in final food products suggests the pass-through into retail prices is likely to be very gradual.

Barclays Capital: Expect Sharp Fall in CPI

(RTTNews) - The October Consumer Price Index (CPI) is likely to fall 0.91 percent m/m, the largest one-month decline in more than 60 years. We expect the NSA index to print 216.7. Retail gasoline prices fell roughly 16 percent and alone are expected to subtract more than 1pp from the overall growth rate. The other energy components are likely to be mixed, with natural gas and heating oil prices falling significantly but electivity prices edging higher. We look for the CPI food component to rise 0.2 percent m/m, or 6.2 percent y/y. Although food-related commodity prices have declined sharply over the past two months, the high level of value added in final food products suggests the pass-through into retail prices is likely to be very gradual.

Rite Aid (RAD) Announces Reverse Stock Split

Rite Aid Corporation (NYSE: RAD) approved a reverse stock split of the company's common stock. The Board's decision is intended to ensure that Rite Aid is in full compliance with the New York Stock Exchange (NYSE) listing rules. The reverse stock split is subject to stockholder approval.

How the perfect storm of the international banking panic affected Jamaica's bond prices

Jamaica's Eurobond prices collapsed last week in unusually volatile trading with some issues falling by as much as 15 per cent due to the perfect storm of an international banking panic, the general sell-off in emerging market debt, international short sellers selling Jamaican bonds they didn't own in the hope of profiting by buying them back at lower prices, and a lack of local US dollar liquidity for the local players to buy Jamaica's bonds that had been accentuated by margin calls (demand for repayment of the money lent by Wall Street locally to buy bonds) created by the same drop in the bond prices.

Wells Fargo to sell $10bn in stock

Wells Fargo said Wednesday it planned to sell at least $10bn of stock to fund its acquisition of Wachovia, the troubled east coast lender, to create the fourth-largest US bank by assets. Wells said the offering, which it plans to price after stock markets close on Thursday, could grow above $10bn. Wells previously said it would raise up to $20bn of capital, primarily common equity, to fund the $15bn all-stock acquisition. The bank said its purchase of Wachovia “stands on its own” without the US Treasury’s TARP scheme to recapitalise the banks and buy problem loans. Wells sold $25bn of preferred shares to the US government in October, as one of nine large banks required to take $125bn of government capital. Analysts said the bank may choose to raise further capital with a sale of preferred stock.

Stock markets weaken as commodity prices drop, Best Buy issues profit warning

TORONTO - North American stock markets were awash in red as commodities prices continued to decline and electronics retailer Best Buy diminished optimism for U.S. investors when it issued a profit warning.

Stock markets weaken as commodity prices drop, Best Buy issues profit warning

TORONTO - North American stock markets were awash in red as commodities prices continued to decline and electronics retailer Best Buy diminished optimism for U.S. investors when it issued a profit warning.

Stock markets weaken as commodity prices drop, Best Buy issues profit warning

TORONTO - North American stock markets were awash in red as commodities prices continued to decline and electronics retailer Best Buy diminished optimism for U.S. investors when it issued a profit warning.

Online Ad Prices Hit the Skids With the Stock Market

Revenueperclick_2Online ad rates -- across all the major search engines -- apparently tanked one day a couple weeks ago, just when the stock market went to hell and talk of a world world depression heated up. Paul Edmondson, CEO of ad management platform YieldBuild.com, says his data showed a 9 percent drop in pay-per-click rates in a single day, but within a week, prices had mostly recovered.

Cool look: Banks predict lower oil and natural gas prices as demand fades (Energy-Outlook)

CALGARY _ Two major banks released bearish forecasts for oil and natural gas prices Thursday, saying global economic turmoil is expected to further dampen energy demand.

Australian Stocks Surge 4%, Westpac Net Up

Stocks in Australia surged on a steep rise in copper and crude oil prices. The U.S. Fed rate cut of 0.5% to 1% lifted prices of base metals and energy in Asian trading. The benchmark index ASX 200 index surged 4% and closed at 4,001.10. Australian dollar surged 5% to 68.22 U.S. cents to a dollar.

Circuit City Stores, Inc. Receives Notification from NYSE about Non-Compliance with a Continued Listing Standard

announced today that, on October 24, 2008, the New York Stock Exchange (NYSE) notified the company that it did not satisfy one of the NYSE's standards for continued listing applicable to the company's common stock. The NYSE noted specifically that the company was "below criteria" for the NYSE's price criteria for common stock because the average closing price of the company's common stock was less than $1.00 per share over a consecutive 30-trading-day period as of October 22, 2008. Under NYSE policy, in order to cure the deficiency for this continued listing standard, the company's common stock share price and the average share price over a consecutive 30-trading-day period must both exceed $1.00 by six months following receipt of the non-compliance notice.

Intuit (INTU) NewsBite - INTU Upgraded By UBS

Intuit (INTU) was upgraded today by analysts at UBS and the stock is now at $21.53, up $0.92 (4.46%) on volume of 2,355,680 shares traded. The analyst upped INTU to "Buy" from "Sell." Over the last 52 weeks the stock has ranged from a low of $20.24 to a high of $32.16. Intuit stock has been showing support around $18.90 and resistance in the $23.30 range. Technical indicators for the stock are neutral and S&P gives INTU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on INTU the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Activision (ATVI) NewsBite - ATVI Rises on Industry Consolidation

Activision (NasdaqNM: ATVI) opened at $10.76. So far today, the stock has hit a low of $10.42 and a high of $10.96. ATVI is now trading at $10.64, up $0.17 (1.62%). Over the last 52 weeks the stock has ranged from a low of $9.40 to a high of $19.28. ATVI shares are rising today after Japanese competitor Koei Co. Ltd. said it would buy rival Tecmo Ltd. in a $207 million stock deal. The deal has boosted other video-game stocks this morning. Technical indicators for the stock are neutral and S&P gives ATVI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ATVI the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 8.75 range. [ABR-Seven Summits Strategic Investments NewsBite]

GlaxoSmithKline PLC (GSK) NewsBite - GSK Downgraded By UBS

GlaxoSmithKline PLC (GSK) was downgraded today by analysts at UBS and the stock is now at $36.59, down $0.64 (-1.72%) on volume of 1,316,077 shares traded. The brokerage downgraded GSK to "Neutral" from "Buy." Over the last 52 weeks the stock has ranged from a low of $32.84 to a high of $54.64. GlaxoSmithKline PLC stock has been showing support around $33.90 and resistance in the $38.94 range. Technical indicators for the stock are neutral and S&P gives GSK a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GSK the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 42.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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