India Shares Investment Blog

Filed under: Oil

As expected, OPEC left its production quotas the same on Wednesday, in what was, from a revenue standpoint, its easiest decision in many official meetings.

Further, even though OPEC is pumping about 2 million more barrels per day (bpd) than its 24.845 million bpd official quota, the market is not punishing the group for it. A combination of decent demand, a weak dollar, and global GDP growth has pushed oil prices to levels that are roughly double what they were a year ago. Oil late Wednesday traded down 3 cents to $82.67 per barrel.

Continue reading OPEC Keeps Quota the Same, but Is Still Likely to Gain

OPEC Keeps Quota the Same, but Is Still Likely to Gain originally appeared on BloggingStocks on Thu, 18 Mar 2010 09:10:00 EST. Please see our terms for use of feeds.

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BSE Bankex was up nearly 1%. Breadth was bearish. Out of over 2,925 scrips traded, over 1,570 declined

Filed under: Earnings Reports, Gap Inc (GPS), Abercrombie and Fitch (ANF), Polo Ralph Lauren’A’ (RL)

Guess (GES), a fashion concept whose related companies include Abercrombie & Fitch (ANF), Gap (GPS), and Polo Ralph Lauren (RL), posted fourth-quarter results Wednesday after the bell. Adjusted income went up well over 40% to 96 cents per diluted share. According to Earnings.com, Wall Street believed 81 cents per share would be the bottom-line number.

Total net sales increased 14%. Same-store sales were up 5.3% (they were better by 2% if you look at the metric in constant dollars). Net cash from operating activities over the last twelve months experienced significant expansion.

Continue reading Guess Profit Surges: Time to Buy?

Guess Profit Surges: Time to Buy? originally appeared on BloggingStocks on Thu, 18 Mar 2010 08:50:00 EST. Please see our terms for use of feeds.

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Series adds over 21 lakh shares in open interest; Idea adds 49 lakh shares in OI indicating fresh long positions