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BP’s (BP) headache continues over its planned share swap with Russian-owned Rosneft. According to a report from Sky News, the Association of British Insurers (ABI) announced its concerns over the impact of the swap. ABI reportedly controls 10% to 15% of the U.K. stock market.

ABI’s reservations also include a Swedish court’s decision to block BP’s planned venture with Rosneft in the Arctic. Perhaps most concerning of all — and not just to ABI — is Wednesday’s report announcing that U.S. prosecutors are considering manslaughter charges against BP for its Gulf of Mexico oil spill. Eleven oil workers were killed as a result of the spill.

Continue reading With BP’s Problems, Who Enters the Void?

With BP’s Problems, Who Enters the Void? originally appeared on BloggingStocks on Wed, 30 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

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The Chinese government released trade data that portrays a $7.3 billion deficit. Is that believable or just convenient amid the international pressure to raise the value of their currency? We can hardly believe what comes out of Washington, so data coming out of China has to be quite suspect.

I’m sure they retained qualified independent auditors to ascertain the validity of the figures — yeah right…

At one time I held several Chinese stocks. The list is down to two and I even sold a portion of those shares taking some gains. Given that the rule of law and enforcement of trademarks and patents still have a long way to go, not to mention accounting practices, I think one has to buy Chinese stocks at a greater discount than U.S. companies.

Continue reading Chasing Value: A Chinese Trade Deficit?

Chasing Value: A Chinese Trade Deficit? originally appeared on BloggingStocks on Fri, 11 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.

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Exxon sign (XOM)“On our proprietary Quadrix(R) rating system, ExxonMobil (XOM) has steadily advanced over the past year,” says Richard Moroney.

The editor of Dow Theory Forecasts explains, “Out of a possible 100, the oil giant earns an Overall score of 96 — compared to just 51 in January 2010. As such, we rate the stock a long-term buy.

“Meanwhile, the shares recently rallied to their highest level since January 2009 after Exxon said it earned $1.85 excluding special items in the December quarter, up 46% and $0.22 above the consensus estimate.

Continue reading Quantitative System Picks ExxonMobil (XOM)

Quantitative System Picks ExxonMobil (XOM) originally appeared on BloggingStocks on Thu, 10 Feb 2011 10:30:00 EST. Please see our terms for use of feeds.

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Comfort Zone Investing: Wall StreetCoca-Cola (KO) has more than $13 billion in cash.

The top five companies (according to market cap) are:

  • Exxon Mobil (XOM): $398.3 billion
  • Apple (AAPL): $309.0 billion
  • Microsoft (MSFT): $237.5 billion
  • General Electric (GE): $215.0 billion
  • Berkshire Hathaway (BRK.A): $202.5 billion

Continue reading Comfort Zone Investing: Did You Know … ?

Comfort Zone Investing: Did You Know … ? originally appeared on BloggingStocks on Sat, 05 Feb 2011 10:30:00 EST. Please see our terms for use of feeds.

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