goldman sachs

EOG Resources’ Target, Estimates Boosted at Goldman Sachs (EOG)

Natural gas producer EOG Resources, Inc. ( EOG ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm maintained its “Buy” rating on EOG and boosted its price target from $117 to $121. That new target implies a 16% upside to the stock’s Thursday closing price of $104.22. Goldman also raised its earnings estimates for the company through 2013, following its better-than-expected fourth quarter earnings results. The analyst commented, “EOG remains a leader in developing horizontal resource plays, and the combination of superior liquids growth (28% expected CAGR 2011-14), superior cash-on-cash returns (13.7% 2011-14 avg) and exploration upside as reasons why EOG should not trade at a discounted EV/EBITDA multiple vs. peers.” EOG Resources shares rose $1.04, or +1%, in premarket trading Friday. The Bottom Line Shares of EOG Resources ( EOG ) have a .59% dividend yield, based on last night’s closing stock price of $104.22. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $110-$114 price levels. EOG Resources, Inc. ( EOG ) 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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Marathon Oil’s Target Boosted at Goldman Sachs (MRO)

Integrated oil and natural gas producer Marathon Oil Corporation ( MRO ) on Monday saw its price target upped by analysts at Goldman Sachs. The firm said it raised its target on MRO from $51 to $58, which implies a 27% upside to the stock’s Friday closing price of $46.48. Goldman also reiterated its “Buy” rating on the stock, saying that “Based on our updated E&P valuation analysis, we continue to see Marathon as an inexpensive means to gain exposure to our constructive outlook for Mid-Continent refining margins.” Marathon Oil shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Marathon Oil ( MRO ) since Jan.26, 2011, when the stock was trading at $43.55. The company has a 2.15% dividend yield, based on Friday’s closing stock price of $ 46.48. Marathon Oil Corporation ( MRO ) 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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Goldman Sachs Upgrades Ameriprise to “Buy” (AMP)

Filed in dividend, earnings, Gold, Gold Investing, goldman sachs, o, shares, target, upgrade by on February 11, 2011 0 Comments

Investment advisor Ameriprise Financial, Inc. ( AMP ) on Friday caught a big upgrade from analysts at Goldman Sachs. The firm said it boosted its rating on AMP from “Neutral” to “Buy” with a $73 price target. That target suggests an 18% upside to the stock’s Thursday closing price of $61.89. Goldman also boosted its earnings estimates for the company through 2013, noting it believes the financial services provider stands to benefit from rising retail investor demand. AMP has had $21 billion in net equity inflows year-to-date. Ameriprise shares rose 61 cents, or +1%, in premarket trading Friday. The Bottom Line Shares of Ameriprise ( AMP ) have a 1.16% dividend yield, based on last night’s closing stock price of $61.89. The stock has technical support in the $55 price area. If the shares can firm up, we see overhead resistance around the $63-$66 price levels. Ameriprise Financial, Inc. ( AMP ) 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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MasterCard’s Target, Estimates Raised at Goldman Sachs (MA)

Credit card issuer MasterCard Incorporated ( MA ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm said it now expects MA shares to reach $273, which implies an 11% upside to the stock’s Thursday closing price of $245.39. Goldman also said it maintained its “Buy” rating on MA an raised its earnings estimates, citing the company’s strong sales momentum. MasterCard shares pulled back slightly in premarket trading Friday. The Bottom Line Shares of Mastercard ( MA ) have a .24% dividend yield, based on last night’s closing stock price of $245.39. The stock has technical support in the $230 price area. If the shares can firm up, we see overhead resistance around the $250 price level. MasterCard Incorporated ( MA ) 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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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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PPG’s Estimates Boosted at Goldman Sachs (PPG)

Paint and coatings maker PPG Industries, Inc. ( PPG ) on Monday saw its earnings estimates raised by analysts at Goldman Sachs. The firm said it boosted its estimates for PPG through 2012, noting that recent acquisitions should bolster its earnings. Goldman also cited share buybacks as another positive catalyst for the company. The analyst maintained its “Buy” rating and $104 price target, which implies a 25% upside to PPG’s Friday closing price of $83.23. PPG Industries shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of PPG Industries ( PPG ) since Oct.21, 2010, when the stock was trading at $77.46. The company has a 2.64% dividend yield, based on Friday’s closings stock price of $83.23. PPG Industries, Inc. ( PPG ) 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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Goldman Sachs Upgrades Home Depot, Downgrades Lowe’s (HD, LOW)

Filed in dividend, downgrade, earnings, Gold, goldman sachs, o, shares, target, upgrade by on January 31, 2011 0 Comments

Analysts at Goldman Sachs on Monday downgraded Lowe’s Companies, Inc. ( LOW ), but upgraded rival home improvement warehouse operator The Home Depot, Inc. ( HD ). The firm said it cut its rating on LOW from “Buy” to “Neutral” with a $28 price target. That target implies an 11% upside to the stock’s Friday closing price of $25.25. Goldman noted that a transitional period in Lowe’s management structure could limit the stock’s upside. Meanwhile, the analyst upgraded HD from “Neutral” to “Buy” and boosted its price target from $37 to $42. That new target suggests a 14% upside to the stock’s Friday closing price of $36.70. Goldman also raised its 2010, 2011, and 2012 earnings estimates for Home Depot as part of the upgrade, noting the company has well-planned strategies that could drive further profits. Lowe’s shares fell 26 cents, or -1%, in premarket trading Monday, while Home Depot shares rose 60 cents, or +1.7%. The Bottom Line Shares of Home Depot ( HD ) have a 2.56% dividend yield, based on Friday’s closing stock price of $36.70. Shares of Lowe’s ( LOW ) have a 1.74% dividend yield, based on Friday’s closing stock price of $25.25. Lowe’s Companies, Inc. ( LOW ) and The Home Depot, Inc. ( HD ) are both rated “Neutral,” with both stocks holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of

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How to Replace Austerity with Freedom, Independence and Prosperity

The Economic Collapse Blog has this list of examples of how European-style “austerity” is already hitting the U.S., including cities closing schools and fire stations, and states eliminating whole state agencies and raising taxes. That includes the state of Illinois whose legislature has passed a “temporary” 66% personal income tax hike that the Democrat governor will sign. Rest assured, this income tax hike will be as “temporary” as the one in Massachusetts , still in place since 1989. Such austerity measures may lead to the same kind of social unrest Europeans have been experiencing. The Economic Collapse Blog concludes, We are entering a time of extreme financial stress in America.  The federal government is broke.  Most of our state and local governments are broke.  Record numbers of Americans are going bankrupt.  Record numbers of Americans are being kicked out of their homes.  Record numbers of Americans are now living in poverty. The debt-fueled prosperity of the last several decades came at a cost.  We literally mortgaged the future.  Now nothing will ever be the same again. To say that “nothing will ever be the same again” is just pessimistic and unnecessary. We actually can return to the prosperity of the past, by replacing debt and austerity with freedom and independence. There is no need for Americans to suffer through what European countries are suffering, because nearly all the problems we face are caused by governmental intrusions into many aspects of our personal and economic lives — intrusions by federal, state and local governments. Regardless of the good intentions that the welfare and military socialism statists have in justifying their use of compulsory government powers, what America needs is to cut the shackles of State-imposed dependence, restrictions, regulations, taxation, all those policies of moral relativism that involve violations of the Rule of Law: theft, trespass, denial of Due Process, and other acts of State-initiated criminal aggression. Freeing Americans includes repealing all forms of intrusive presumption-of-guilt regulations and restrictions that are in place having nothing to do with whether any individual is suspected of any crimes against others. Regulations are before-the-fact demands by the government that presume the individual and one’s business guilty, in which one must submit one’s private personal or financial information to the government to prove one’s innocence. Government regulations and arbitrary restrictions are literally searches and seizures by the government of information that is none of anyone else’s business, and effect in the stifling of everyday citizens’ growth and prosperity. Ending all personal income taxes , corporate taxes, estate taxes, and capital gains taxes frees people who own or share in the ownership of businesses — i.e. employers and prospective employers — to invest in their own research and development and in the expansion of their businesses, which is the genuine force behind jobs creation, in both blue collar and white collar sectors. Ending all personal income taxes frees people to explore their own ideas and inventions, and to start their own businesses that will employ more people and advance society further. Also…

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Medtronic Upgraded to “Buy” at Goldman Sachs (MDT)

Medical device maker Medtronic, Inc. ( MDT ) on Friday caught a big upgrade from analysts at Goldman Sachs. The firm said it boosted its rating on MST from “Neutral” to “Buy” while raising its price target from $37 to $45. That new target implies an 18% upside from the stock’s Thursday closing price of $37.99. Goldman cited higher earnings forecasts and growing valuations for MDT’s peers for the upgrade. The analyst also noted that new management could drive upside with more aggressive corporate action, and some new cardiac rhythm products could also boost earnings. Medtronic shares rose 71 cents, or +1.9%, in premarket trading Friday. The Bottom Line Shares of Medtronic ( MDT ) have a 2.37% dividend yield, based on last night’s closing stock price of $37.99. The stock has technical support in the $34 price area. If the shares can firm up, we see overhead resistance around the $39-$41 price levels. Medtronic, Inc. ( MDT ) 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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Verizon Now Rated a “Conviction Buy” at Goldman Sachs (VZ)

Telecom giant Verizon Communications Inc. ( VZ ) on Wednesday saw its shares added to Goldman Sachs’ prestigious “Conviction Buy” List. The firm also set a $42 price target on VZ, which implies a 17% upside to the stock’s Tuesday closing price of $35.79. Goldman also adjusted its 2011 full-year earnings estimates for the company to EBITDA of $35.6 billion on $111.3 billion in revenue. It also expects 2011 and 2012 profits of $2.35 and $2.82 per share, respectively. Those estimates are well above the Wall Street consensus. The analyst cited Verizon’s strong performance in its wireless segment for the upgrade. Verizon shares rose 46 cents, or +1.3%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of Verizon ( VZ ) since Oct.10, 2008, when the stock was trading at $25.93. The company has a 5.45% dividend yield, based on last night’s closing stock price of $35.79. Verizon Communications Inc. ( VZ ) 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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How to Profit as Your Food Bill Explodes

I hate to say I told you so. But with food companies no longer able to absorb the margin drops, and being forced to pass higher costs to the consumer… I told you so. General Mills, Kraft and Kellogg, for examples are already hiking prices… and it’ll get a lot worse, as we said in this Wealth Daily article: If you thought your $200 weekly grocery bill was bad, just wait. It’s about to jump 20% to 30% next month, as the Fed embraces another round of quantitative easing to combat global currency manipulation and devaluation. But that very move could do more harm than good. It’s likely to create another food price bubble, similar to what we saw in 2007-2008. Three years ago, wheat prices skyrocketed even as the consumption-to-stock ratio warranted falling prices… Bread was up to $1.32 at the time — a 32% rise in less than three years… The price of eggs rocketed 50%. Overall, food prices rose more than 5% and the average family’s grocery bill rang in $80 higher. And we’re going to see it happen again, as historically high corn prices drive the cost of beef to twenty-five-year highs… The sad fact is, this situation has no chance of improvement if the Fed floods the global economy with more dollars. What the move will do is further damage the U.S. economy Apparently, we’re not paying enough for food, energy, or clothing… It doesn’t matter that 20% of Americans are unemployed or under-employed. It doesn’t matter that, since the Fed last spoke, gold and other commodities have spiked… Crude oil has already soared some 27%. Wheat is up 84%. Sugar is up 55%. Soybeans are up some 24%. And corn just rocketed another 15% in two days — the biggest move in recent history, and a move that prompted some to warn of another food crisis. The meat industry just warned of a game-changer in pricing and profitability; the cost and contraction of corn supplies could mean higher prices for…

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Facebook Raises Another $1 Billion From Outside US

Facebook adding another $1 billion to its latest round of funding, to bring the total to $1.5 billion, and valuing the company at $50 billion. That includes the approximate $500 million Goldman Sachs (NYSE:GS) and Digital Sky Technologies invested in Facebook in December. While some like to make a big deal about Facebook having a market value higher than eBay (NASDAQ:EBAY) and Yahoo (NASDAQ:

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