Energy
10 Stocks JPMorgan Says May Rise Up to 58%
(Adds that Hess shares erased a loss for the year.)
BOSTON (TheStreet) -- Now is a good time to pick up undervalued cyclical stocks as they are poised for double-digit gains this year, according to JPMorgan Chase investment analysts.
The stock market has rallied 20% in the past four months and, historically, after a run like that, it takes a breather and remains in a trading range, as it has over the past five days, said the Feb. 2 research note from the investment bank. ...
Click to view a price quote on HES. Click to research the Energy industry.Exxon's Shale Exploration Project Dashed
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (Trefis) -- Exxon Mobil has announced that the gas flow from its two exploratory wells drilled in Poland did not justify bringing them into production.
Analysts have speculated that the technical challenges associated with shale exploration in the country made it commercially non-viable to explore the resources. The results could be a major setback for Exxon's plans to expand shale exploration in Europe as Poland has some the best shale prospects in the region and the government has been eager to exploit the resources to reduce dependence on Russian gas. Competitor Chevron is also drilling exploratory wells in the country. ...
Click to view a price quote on XOM. Click to research the Energy industry.Report: Sierra Club Accepted Gas Industry Money
Americans on the Road to Recovery - but Not Driving
NEW YORK (TheStreet) -- Gasoline demand destruction appears to be in force despite signs that the economy appears to be on the road to recovery.
The latest government jobs data revealed far better-than-expected jobs additions in the U.S. economy in January.
But while the latest jobs data show that the economy added 243,000 jobs in January and that the jobless rate fell to 8.3% -- the lowest level since February 2009 -- consumer confidence, income and spending remain lackluster, points out the Conference Board. "We remain cautious," says Kathy Bostjancic, director of macroeconomic analysis with the Conference Board. "While hiring may be picking up, the paychecks that go with it are not." Indeed, with elevated gasoline prices showing no signs of reprieve, the Conference Board earlier this week reported that consumer confidence levels dropped to 61.1 in January after increasing in December. ...
Click to view a price quote on XOM. Click to research the Energy industry.
