SBC ...you are so right cuz they are wrong most of the time and all they give a s... about is getting their fat bonuses, so they cause you to buy and sell with distress calls, etc. , that way they make their money up-front and you bear all the risk of their recomended fluff.
Solomon Smith Barney ...is confused because we are headed for 32 rather than 25, but what do we know, VS the gurus in their Babel Towers. Wonder if they predicted oil prices rising from less than 10 a barrel to 20 in six months..?., or where they part of the herd mentality, buying Internet stocks, many of them with no earnings, true blue sky fluff stocks.
TDW stock price has historically tracked the prices of the underlying commodity (oil) and a rise from 10 to 20, therefore shoud actually place TDW closer to 40.00 a share than to 25.00.
Preview of US Commodity Markets for Monday, July 12
New York, July 9 (Bloomberg) -- The following commodity markets in the U.S. are expected to be active Monday before floor trading resumes. Some markets have after-hours trading before then.
Gasoline for August delivery (HUQ9 <Cmdty>) could rise as consumption during the vacation season erodes supplies that last week were already 1 percent below a year ago. U.S. gasoline demand soared to 9.5 million barrels a day in the week ended July 2 -- the second-highest demand ever, according to estimates based on American Petroleum Institute figures. Gasoline use rises about 300,000 barrels a day, or 3.5 percent, during the warm weather driving season from the end of May through Sept. 1. August gasoline rose 0.73 cent to 59.59 cents a gallon on the New York Mercantile Exchange. A rise in gasoline could push crude oil futures over $20 a barrel. August crude rose 23 cents to $19.94 a barrel today.
Gold for August delivery (GCQ9 <Cmdty>) could fall after the International Monetary Fund's executive board said after trading today that it's going ahead with a gold sale. Discussions on a sale are expected to conclude before September, the IMF said. The plan to sell 10 million ounces of the IMF's gold to help pay debts of poor countries has drawn opposition from some gold- producing countries and some members of the U.S. Congress, which must approve any sale. August gold rose 40 cents to $258.10 an ounce on the Comex division of the New York Mercantile Exchange.
Copper for September delivery (HGU9 <Cmdty>) could rise on expectations that a strike at Canada's Falconbridge Ltd. refinery will disrupt supplies. The company told customers that it won't be able to meet commitments for delivery in August. Copper users were already expecting supply disruptions in North America by the fourth quarter this year because of recent mine shutdowns that equal about 4 percent of global supply. Stockpiles monitored by the Comex fell 1.6 percent this week, the biggest weekly decline since the week of Sept. 9. September copper fell 0.05 cent to 78.1 cents a pound on the Comex division of the New York Mercantile Exchange.
Wheat for September delivery (W U9 <Cmdty>) could fall as U.S. farmers accelerate harvesting of crops planted last autumn, adding to the largest stockpile since 1987. The U.S. Department of Agriculture's monthly crop report in scheduled for release Monday at 8:30 a.m. in Washington. The report will likely show U.S. farmers will collect 2 percent more winter wheat than the government's forecast last month, a survey of analysts showed. The harvest of winter wheat, the first and largest of the nation's annual wheat crops, will likely total 1.640 billion bushels, the average of estimates from seven analysts polled by Bloomberg News. That's up 1.7 percent from the U.S. Department of Agriculture's June estimate of 1.612 billion. Farmers probably will finish harvesting three-quarters of winter wheat by Sunday, analysts said. September wheat fell 2.25 cents to $2.4375 a bushel on the Chicago Board of Trade.