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Shire plc Message Board

momentum74 14 posts  |  Last Activity: Apr 10, 2014 3:38 AM Member since: Feb 28, 2008
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  • Adding on dips for a swing bounce trade, avg price is 17.71 . Goldman , Needham, and DA Davidson are all defending GIMO at this price level. DA Davidson also upgraded the stock today to buy based on valuation. The stock has fallen from 37 to 17 in two weeks. It has become a value stock and a growth stock at this price imo. It should have a nice run-up into earnings on Apr.24 after the bell. Over half the float has traded in the last two days. This can often be a part of the bottoming process. Best of luck to all longs and shorts.

    Sentiment: Strong Buy

  • Buying for a bounce and will add on dips for a trade.

    Gigamon (GIMO) Issue 'Isolated', Buy on Weakness - Needham & Company
    April 8, 2014 7:23 AM EDT

    Gigamon shares defended at Goldman
    Goldman believes Gigamon share weakness due to the Q1 miss attributable to one large deal is overdone. The firm notes that Gigamon does not believe the deal was lost to a competitor and is on indefinite postponement. The firm lowered its price target on Buy rated Gigamon to $32 from $43 and said shares trade at a discount to peers.

  • momentum74 momentum74 Feb 9, 2014 1:30 PM Flag

    Article continued. Analysts surveyed by Platts had been looking for a decline between 273 billion cubic feet and 277 billion cubic feet.

    In a report Thursday, Bentek Energy, the oil and natural-gas analytic unit of Platts, said domestic natural-gas production in the lower 48 states averaged 65 billion cubic feet a day in January, down 1.1% from December 2013, but up 3.2% from January 2013.

    In other commodities markets, milk futures DAH4 -1.66% slipped a bit after a three-session climb, but have already gained more than 20% year-to-date as a drought in the U.S. raises worries over cattle supplies.

  • momentum74 momentum74 Feb 9, 2014 1:29 PM Flag

    Pasted. The spring refinery maintenance period typically begins in February, reducing production capacity for petroleum products.
    The good and the bad
    Oil traders also assessed the much-anticipated U.S. employment report. The U.S. economy added 113,000 jobs in January, below the 190,000-jobs threshold that economists polled by MarketWatch were expecting but the unemployment rate fell to 6.6% from 6.7%, matching forecasts.
    “Outside of the disappointment on the headline payroll front, and especially the weak performance in service-sector employment, the underlying guts of this employment report were unusually strong,” said Millan Mulraine, deputy head of U.S. research and strategy at TD Securities, in a note.
    “The report showed broad-based improvement in a variety of ancillary labor market indicators — pointing to a reduction in labor market slack,” he added.
    Crude dropped to around $97.11 a barrel after the jobs report before bouncing back as traders weighed the prospects for oil demand.
    On ICE Futures, Brent crude oil, the European benchmark, saw its March contract UK:LCOH4 +2.28% jump $2.38, or 2.2%, to $109.57 a barrel, with prices gaining around 3% for the week.
    Economic data from China was downbeat, however. The HSBC China Purchasing Managers’ Index, which measures growth in the service sector of the country’s economy, fell in January.
    Natural gas extends losses
    Back on Nymex, natural-gas futures lost more ground in the wake of Thursday’s data showing that supplies last week fell less than expected.

    March natural gas NGH14 -3.18% settled at $4.775 million British thermal units, down nearly 16 cents, or 3.2%. For the week, it was down 3.4%.
    Thursday saw a loss of 10 cents, or 2%, after the EIA reported a drop in weekly U.S. supply of 262 billion cubic feet.

  • Bullish for SARA .Oil briefly tops $100, gains 2.5% on week
    ’Risk-on rally’ for oil as U.S. equities jump; natural-gas prices fall for a third day
    By Myra P. Saefong and Victor Reklaitis, MarketWatch
    SAN FRANCISCO (MarketWatch) — Oil futures rallied on Friday, tacking on nearly 3% for the week after briefly topping $100 a barrel shortly before the close of the trading session on the New York Mercantile Exchange.
    Prices found support from a rally in U.S. equities and a climb in heating-oil and gasoline futures as analysts suggested there was plenty of strong data lingering beneath the surface of the U.S. jobs report, offering hope for a better outlook on oil demand.
    Natural-gas futures, meanwhile, extended their losses to a third-consecutive trading session.
    March crude oil CLH4 +2.35% climbed $2.04, or 2.1%, to settle at $99.88 a barrel on the New York Mercantile Exchange. Futures prices saw a gain of 2.5% from their $97.49 close last Friday.
    According to FactSet data tracking the most-active contracts, futures prices marked their highest close since Dec. 27. Prices had briefly touched a high of $100.06 in the last few minutes before the Nymex close.
    Reuters
    “Oil looks like a risk-on rally,” said Phil Flynn, senior market analyst at Price Futures Group, attributing oil’s hefty gains to the big rally in stocks traded on Wall Street.
    Prices for petroleum products led the percentage gains on Nymex, “with current physical tightness as a support for heating oil, and improving seasonal prospects for gasoline in the months ahead as the fundamental backing for the gains,” said Tim Evans, energy analyst at Citi Futures.
    March gasoline RBH4 +2.28% closed up nearly 7 cents, or 2.5%, at $2.75 a gallon, up 4.5% for the week. March heating oil HOH4 +1.70% picked almost 6 cents, or 1.8%, to end at $3.05 a gallon, tacking on about 1.8% for the week.

  • momentum74 momentum74 Feb 5, 2014 3:01 AM Flag

    continued- growth slowed in January to the lowest level in eight months, which helped put pressure on Nymex oil prices, but a report Tuesday showed that U.S. factory orders fell less than expected in December.

    Economic concerns surrounding emerging markets continued to keep prices for Brent crude, the European benchmark oil, in check.

    March Brent crude UK:LCOH4 +0.20% settled at $105.78 a barrel on ICE Futures, down 26 cents on Tuesday after a loss of 0.3% a day earlier.

    “While emerging markets remain a headwind for Brent, particularly with China sluggish, [West Texas Intermediate crude on Nymex] may be benefitting from higher demand for heating oil,” said Colin Cieszynski, senior market analyst at CMC Markets, with forecasts calling for the big winter storms this week.

    For now, March heating oil HOH4 +0.40% ended at $2.98 a gallon, down 2.5 cents, or 0.8% on Nymex, while March gasoline RBH4 +0.46% closed down less than half a cent at $2.60 a gallon.

  • SARA should pop as the energy markets trend higher.

    Feb. 4, 2014, 3:18 p.m. EST
    Natural gas closes nearly 10% higher; oil rebounds
    Natural-gas prices mark first gain in four sessions; Nymex oil back above $97
    By Myra P. Saefong and Laura He, MarketWatch
    SAN FRANCISCO (MarketWatch) — Natural-gas prices surged nearly 10% on Tuesday, settling at their highest price in almost a week, with traders betting on a big weekly drop in U.S. supplies as severe cold lingers in the Northeast.
    Oil futures, meanwhile, recoup some of their losses from the previous session as the market readies for updates on petroleum inventories.
    March natural gas NGH14 -0.74% climbed 47 cents, or 9.6%, to settle at $5.375 per million British thermal units on the New York Mercantile Exchange. The strong gain followed three-straight sessions of declines and lifted futures prices to their highest close since Jan. 29.
    “Jekyll and Hyde price action” continued in natural gas, said Matt Smith, author of energy and financial-market newsletter The Daily Distillation, with the “ebb and flow of weather outlooks” prompting natural gas to charge back above $5 “as below-normal conditions blanket key regions such as the Midwest and Northeast through mid-Feb.”
    “Add to this the prospect of another near-record withdrawal from storage on Thursday, and we are seeing the darker side of natural gas once more,” he said in a daily email.
    The U.S. Energy Information Administration will release its supply data, covering the week ended Jan. 31, on the heating fuel Thursday. Citi Futures forecasts a decline of 258 billion cubic feet.
    The market last saw a record weekly supply decline of 287 billion cubic feet for

  • momentum74 momentum74 Jan 30, 2014 1:45 PM Flag

    Continued . emerging markets turmoil.

    A pullback in stimulus will strengthen the dollar, weighing on dollar-priced commodities such as oil.

    U.S. crude's discount to Brent oil, fell to its lowest since Jan 24 at $9.51 per barrel, and was heading for its lowest close since Nov 7.

    The EIA data showed that U.S. distillate stocks fell 4.6 million barrels last week, versus forecasts for a 2.2 million barrel drop.

    Distillate inventories were 116 million barrels nationwide in the week ended Jan. 24. On the East Coast, which has suffered two cold spells this month, they fell 3.8 million barrels to 29.5 million barrels, the lowest level since April 2008.

    Higher U.S. refinery production and a fall in U.S. net exports of oil products "were insufficient to prevent the large stock draw that leaves (distillate) inventories far below the bottom of the five-year range for this time of year," BNP Paribas analysts said in a note.

    "With colder-than-normal weather expected in coming days, stocks may decline further." (Additional reporting by Manash Goswami in Singapore; editing by William Hardy)

  • Cold weather will keep pushing Nat gas and oil higher in my opinion. Pasted article
    UPDATE 5-Oil lifted by cold U.S. weather
    Thu Jan 30, 2014 10:23am EST

    * Drop in U.S. distillate stocks more than double expectations
    * Libyan deputy PM survives assassination attempt
    * U.S. crude discount to Brent oil heads for highest close since November (Recasts lead, updates prices, adds Brent/WTI spread)
    By Simon Falush
    LONDON, Jan 30 (Reuters) - Brent oil rose to around $108 per barrel on Thursday and U.S. crude reached its highest in a month on bitter cold in the United States which boosted heating oil demand.

    However gains were limited by weak Chinese economic data and a U.S. Federal Reserve move to trim its monetary stimulus.
    Brent crude was up 24 cents to $108.09 a barrel as of 1243 GMT after settling 44 cents higher the previous day. It earlier reached as high as $108.30.
    U.S. crude was up $1.18 cents at $98.54, after earlier reaching $98.59, its highest since Dec. 31.
    Weak Chinese manufacturing data and the Fed decision to stick with plans to wind down its monetary stimulus programme, despite recent turmoil in emerging markets, weighed on riskier assets. Global equities hit a 3-1/2 month low.
    Also pointing to less robust oil demand growth in China, BP said it was dropping plans to invest in a refinery there, three sources with direct knowledge said.
    Oil bucked the wider market decline after data from the Energy Information Administration (EIA) showed U.S. distillate stocks had fallen by more than double the amount expected.
    "There's more demand for products in the cold weather, and that's feeding through to the oil price," Michael Hewson, an analyst at CMC Markets, said. "I think WTI (U.S. crude) has the potential to reach $99 per barrel."
    The Fed's move to trim its monthly stimulus program was widely expected, although some investors had speculated that the U.S. central bank might put its plans on hold given the emerging ma

  • If the Natural gas keeps rising maybe SARA will consider increase its Nat Gas production. Hopefully Oil will continue trending higher as well. Side note if congress passes new sanctions on IRAN oil will blast higher. We shall see how it unfolds.

  • With oil starting to rise and the conference update coming SARA could have a nice in the next few weeks imo .

  • Bullish news.
    Wednesday, 22 Jan 2014 | 12:24 PM ET

    Brent futures rose above $107 a barrel on Wednesday as outlook reports indicated global oil demand will rise more quickly this year due to accelerating economic growth in industrialized countries.

    Economic growth will absorb more supply even as U.S. shale oil output reaches record highs, the International Energy Agency (IEA) said on Tuesday. The same day, the International Monetary Fund (IMF) raised its global growth forecast for the first time in nearly two years, saying advanced nations could pick up the mantle of growth from emerging markets.

    Brent crude added more than $1 to trade near $108 a barrel. On Tuesday, Brent hit a nearly two-week high of $108.00 and ended 38 cents up. U.S. oil was up nearly $2, testing levels just under $97 a barrel, to touch its highest in more than two weeks.

    The IMF also pointed to the United States as one of the bright spots for the global economy. Beyond the improving demand outlook, geopolitical tensions in the Middle East also continue to put a floor on oil prices.

    Crude extended its rally after TransCanada Corp said it is shipping crude oil on the 700,000-barrel-per-day Gulf Coast pipeline, a $5.3 billion project expected to help eliminate a bottleneck that has warped the U.S. oil market for three years.The Gulf Coast line is the southern leg of TransCanada's controversial Keystone XL project, which, more than five years after the initial filing, is still awaiting a final decision from the Obama Administration.

    The pipeline will likely ship just over 300,000 bpd of oil this month, traders said last week.

  • Oil prices have been rising the last few days. Hopefully this will keep going.

SHPG
147.36+0.58(+0.40%)Apr 17 4:00 PMEDT

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