Investors seem confident that the economy is picking up as warmer weather takes hold...
But problems continue within the housing sector, where sales and construction forecasts were recently slashed by Freddie Mac and Fannie Mae. Existing home sales are expected to remain flat when they are reported this morning.
Here are the five stories you need to know to make your Tuesday profitable.
Today's Biggest Stock Market News
With our eye on the opening bell, here are five stories to watch in the stock market today:
Market News, Jan. 30:To continue reading, please click here...
- The Best "Yardstick" for Picking Oil and Gas Stocks to Buy Determining fair value is vital when deciding whether a stock is a good buy or not. In the case of energy stocks, there happens to be a yardstick investors can use to bring home market-beating trades time and time again. And the best part is, hardly anyone else is using it...
- Best Investments 2014: Canada's Northern Claim Heats Up the Arctic Oil Race Last week Canada claimed the North Pole as its own. Six years ago, Russia did the same. This isn't about bragging rights, though - it's about access to the vast oil and gas reserves of the Arctic. No matter who prevails, however, they''ll still need the know-how that just a handful of energy companies possess. This is a huge opportunity for investors...
Best Oil Stocks to Buy as U.S. Jumps to World's Top Oil Producer
It's time to look at oil stocks to buy as the United States gets ready to surpass the world's biggest oil producers.
Earlier this month, the International Energy Agency (IEA) reported that the United States will jump past both Russia and Saudi Arabia as the world's top oil producer by 2015.To continue reading, please click here...
Exxon-Rosneft Deal Centers on Arctic Oil (NYSE: XOM)
Quite a few emails already coming in about the potential of the $3.2 billion Exxon-Rosneft deal.
On April 16, Exxon (NYSE: XOM) officially entered into a massive offshore exploration partnership with Russia's Rosneft to jointly develop resources in the Kara and Black Seas.
From the Rosneft press release:
"The agreements signed today form joint ventures to manage an exploration program in the Kara Sea and Black Sea. They also set the terms for investments to be made by the partners in Russian offshore projects. The initial cost of preliminary exploration is estimated at over US $3.2 billion.
Neftegaz Holding America Limited, an independent indirect subsidiary of Rosneft registered in Delaware, concluded separate agreements on the acquisition of a 30 percent equity in ExxonMobil's share in the La Escalera Ranch project in the Delaware Basin in West Texas in the United States."
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Buy, Sell or Hold: Exxon Mobil Corp. (NYSE: XOM) Again Proves to Be a Profit Gusher
When it released its earnings last week, Exxon Mobil Corp. (NYSE: XOM) proved to the market why it deserves to be the largest company in the world.
The stock promptly sold off following the company's announcement, but that has absolutely nothing to do with fundamentals.
So let me explain why you should put Exxon at the top of your "Buy" list if you don't already own shares. (**)