barclays

The Metal People are Dying For

The Metal People are Dying For

Maybe the weak are simply being weeded from the gene pool so the strong may survive… This theory might help explain why people keep electrocuting themselves to death, cutting into live power lines to extract copper. Stories of deaths related to copper thefts have been all over the news: Last summer, a 42-year-old Appalachian man died while trying to steal copper from a live power line. Charleston Daily Mail reported “American Electric Power says copper thieves are becoming increasingly brazen, and their tactics have resulted in four deaths so far this year in the Appalachian service region.” An Illinois man hit a live wire while scrapping for copper last fall and was electrocuted. Police said this is a recent trend, with similar activity in Granite City, Venice, Brooklyn, Washington Park, and Belleville. In October, a couple from Southern California attempted to steal copper from an electrical vault. The man was electrocuted to death; the woman suffered severe burns from attempts to pull the man from the vault when it exploded. And just last month , a man attempted cutting live copper wires with a bolt cutter. He suffered from electric shock and fell 30 feet from his ladder, later dying at a Charlotte hospital. I could go on, but I think you get the point. I guess these people aren’t bright enough to know that rather than risk electrocution, it’s easier to rob someone’s house and …

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EOG Resources (NYSE:EOG) Clarifies Guidance Cut

Filed in barclays, EOG Resources, Guidance, Lear, o, silver by on January 28, 2011 0 Comments

A number of investors were stymied and concerned over the guidance cut by EOG Resources (NYSE:EOG), which wasn’t communicated clearly, and left many with concerns over the performance of the company. Barclays says, “The November guidance cut had little to do with operating performance/execution. EOG provided little help at the time to investors trying to understand the negative guidance on its

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Merck’s Price Target Cut at Barclays Capital (MRK)

Filed in barclays, Barclays Capital, dividend, Gold Investing, o, revenue, shares, target by on January 24, 2011 0 Comments

Health care giant Merck & Co., Inc. ( MRK ) on Monday saw its price target lowered by analysts at Barclays Capital. The firm said it cut its target for MRK from $43 to $41. That new target still implies a potential 21% upside to the stock’s Friday closing price of $33.90. Barclays also maintained its “Overweight” rating on Merck, but noted the company’s products to be released in 2011 and 2012 won’t add significant revenue upside. Merck shares rose 18 cents, or +0.5%, in premarket trading Monday. The Bottom Line Shares of Merck ( MRK ) have a 4.48% dividend yield, based on Friday’s closing stock price of $33.90. The stock has technical support in the $30-32 price area. If the shares can firm up, we see overhead resistance around the $37 price level. Merck & Co., Inc. ( MRK ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Amgen (NASDAQ:AMGN) Targets Remain Intact on ESAs in CKD

Filed in Amgen, barclays, Gold Bullion prices, Gold Prices, o, target, Uncategorized by on January 21, 2011 0 Comments

After the CMS MEDCAC of ESAs in CKD review, Barclays found the results giving no reason for them to change their current targets on Amgen (NASDAQ:AMGN).Barclays says, “We are maintaining our rating on AMGN following today’s CMS MEDCAC review of ESAs in CKD. While the panel had low conviction regarding adequacy of data to support ESA use in preventing renal transplant rejection, expert commentary

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Honeywell’s Price Target Boosted at Barclays Capital (HON)

Diversified manufacturer Honeywell International Inc. ( HON ) on Tuesday saw its price target raised by analysts at Barclays Capital. The firm said it lifted its target on HON from $60 to $65, which implies an 18% upside to the stock’s Friday closing price of $55.02. Barclays Capital also maintained its “Overweight” rating on the stock, citing improved order rates in longer cycle businesses. Honeywell shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of Honeywell ( HON ) have a 2.20% dividend yield, based on last night’s closing stock price of $55.02. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $60 price level. Honeywell International Inc. ( HON ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Qualcomm’s Target, Estimate Raised at Barclays Capital on Higher Smartphone Expectations (QCOM)

Wireless chipmaker Qualcomm, Inc. ( QCOM ) on Tuesday saw its price target and earnings estimate upped by analysts at Barclays Capital. The firm said it boosted its price target for QCOM from $55 to $60, which represents a 15% upside to the stock’s Friday closing price of $52.04. Barclays Capital also raised its 2011 EPS estimate raised to $2.77 from $2.75 and maintained its “Overweight” rating, citing higher sales expectations driven by smart phone demand. Qualcomm shares rose 51 cents, or +1%, in premarket trading Tuesday. The Bottom Line Shares of Qualcomm ( QCOM ) have a 1.46% dividend yield, based on last night’s closing stock price of $52.04. The stock has technical support in the $47 price area. If the shares can firm up, we see overhead resistance around the $56 price level. Qualcomm, Inc. ( QCOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Viacom (NYSE:VIA-B) Disney (NYSE:DIS) Scripps Networks (NYSE:SNI): News Corp (Nasdaq:NWSA), CBS (NYSE:CBS) Most Potential in Entertainment Says Barcla

Barclays gave a review of entertainment stocks in the U.S., and those considered to have the best potential in 2011 are Viacom (NYSE:VIA-B) Disney (NYSE:DIS) Scripps Networks (NYSE:SNI): News Corp (Nasdaq:NWSA) and CBS (NYSE:CBS).They said “We remain constructive on the Entertainment group, as (1) we believe in the strength of the U.S. advertising recovery; (2) we believe 2011E Street estimates

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Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL), PartnerRe (NYSE:PRE) Top P&C Insurance Picks of Barclays

Saying they prefer the high-quality names in the P&C insurance sector, Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL) and PartnerRe (NYSE:PRE) were the leading companies chosen by Barclays.Barclays says, “U.S. tort costs (a proxy for P&C insurers’ claims costs) decreased by 2.7% to $248 billion in 2009 (latest data available), compared to a 1% increase 2008. In 2009, the decline

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ConocoPhillips (NYSE:COP) EPS Estimates Adjusted on Chemical Earnings from Chevron (NSYE:CVX) Venture

Filed in barclays, Chevron, Conoco, earnings, EPS, Gold Bullion prices, o by on January 13, 2011 0 Comments

EPS estimates for ConocoPhillips (NYSE:COP) were adjusted by Barclays (NYSE:BCS), based on the chemical earnings from the venture with Chevron (NYSE:CVX).Barclays says, “We are fine-tuning our EPS estimates for ConocoPhillips following our revision of the chemical earnings from the 50/50/ joint venture between Chevron (NYSE:CVX) and COP. We lower our 4Q10 EPS estimates for COP to $1.32 from $1.33

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Union Pacific’s Price Target Boosted at Barclays Capital (UNP)

Railroad operator Union Pacific Corporation ( UNP ) on Thursday saw its price target raised by analysts at Barclays Capital. The firm said it lifted its price target on UNP from $94 to $110. That new target implies a 12% upside to the stock’s Wednesday closing price of $98.08. Barclays noted that higher grain exports should add to earnings this year, and maintained its “Equal Weight” rating on the stock. Union Pacific shares rose 40 cents, or +0.4%, in premarket trading Thursday. The Bottom Line We have been recommending shares of Union Pacific ( UNP ) since Jan.3, 2011, when the stock was trading at $92.66. The company has a 1.55% dividend yield, based on last night’s closing stock price of $98.08. Union Pacific Corporation ( UNP ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Chesapeake Energy’s Price Target Boosted at Barclays Capital (CHK)

Filed in barclays, Barclays Capital, Debt, dividend, Gold Investing, o, shares, target by on January 12, 2011 0 Comments

Natural gas producer Chesapeake Energy Corporation ( CHK ) on Wednesday saw its price target raised by analysts at Barclays Capital. The firm said it now expects CHK shares to hit $40, up from a prior target of $33. The new target implies a massive 46% upside to the stock’s Tuesday closing price of $27.34. Barclays also maintained its “Overweight” rating on the stock, noting the company has announced a solid plan to reduce its debt by 25% in the next two years. Chesapeake Energy shares rose 25 cents, or +0.9%, in premarket trading Wednesday. The Bottom Line Shares of Chesapeake Energy ( CHK ) have a 1.10% dividend yield, based on last night’s closing stock price of $27.34. The stock has technical support in the $24 price area. If the shares can firm up, we see overhead resistance around the $30 price level. Chesapeake Energy Corporation ( CHK ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Bank of America’s (NYSE:BAC) 4Q10 EPS Lowered by Barclays (NYSE:BCS)

Filed in bank of america, barclays, EPS, o, silver by on January 11, 2011 0 Comments

Bank of America (NYSE:BAC) had their EPS estimate for the fourth quarter lowered significantly by Barclays (NYSE:BCS), citing the expected $3 billion repurchase provision in 2011.Barclays noted, “We expect BAC to report 4Q10 EPS of $0.16 versus our prior $0.26 estimate and the $0.24 consensus. The reduction to our 4Q EPS estimate reflects the $3 billion ($2.4B more than we had forecasted)

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