Q&A: Today's Market
05.30.08: I’m just wondering why if the price of oil has continued to rise in the last 2 weeks and why the oil and oil service stocks have gone down approximate 10+% recently. I don't understand the correlation.
Most of my integrated oil and oil service stocks have risen approximately between 7% to 15% in the past month, when light sweet crude oil has risen slightly more than 10%. Natural gas companies, such as Apache (APA) and Range Resources (RRC) have been essentially flat in the past month, since natural gas prices have not risen as fast as crude oil, although Anadarko Petroleum (APC) has risen about 12% in the past month.
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Week of 11.11.08
| Video Demo |
| Stock | Symbol | Grade | |
|---|---|---|---|
| BP PLC (ADS) | BP | C | HOLD |
| Chevron Corp. | CVX | A | BUY |
| ConocoPhillips | COP | B | BUY |
| Exxon Mobil Co | XOM | A | BUY |
| Occidental Pet | OXY | A | BUY |
| Transocean Inc | RIG | B | BUY |
| Stock | Symbol | Grade | |
|---|---|---|---|
| Abbott Laborat | ABT | A | BUY |
| Amgen Inc. | AMGN | A | BUY |
| Covidien Ltd. | COV | A | BUY |
| Genentech Inc. | DNA | A | BUY |
| Icon PLC (ADS) | ICLR | C | HOLD |
| Thoratec Corp. | THOR | A | BUY |
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