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Marathon Oil: Snail's pace progress

Marathon Oil Corp. (NYSE: MRO) continues to inch along, 'totally un-spectacularly,' with performance weighed-down by the recession's impact on refined products.

I am Reiterating my Buy rating for the company, first recommended on April 20, 2009 at a price of $28.55, but the call recommends only establishing a 25% position, in total.

Continue reading Marathon Oil: Snail's pace progress

Marathon Oil: A disappointment to-date, but hold shares

It's a difficult call, but I'm Reiterating my Buy rating for Marathon Oil (NYSE: MRO), first recommended on April 20, 2009 at a price of $28.55.

Marathon's stock has meandered, largely due to reduced demand for Marathon's heavy/sour crude -- a negative trend that's likely to continue through at least mid-Q3.

Continue reading Marathon Oil: A disappointment to-date, but hold shares

Analyst upgrades, downgrades and initiations: PCZ, ALU, BIG, GOOG ...

Analyst upgrades:

  • Kaufman Bros. assumed coverage of Ctrip.com (NASDAQ: CTRP) and upgraded the stock to Buy from its previous Hold rating. The firm thinks the company's Q2 targets are achievable while 20%-plus growth should return in Q3 as comps ease.
  • Janney Montgomery upgraded Cogdell Spencer (NYSE: CSA) to Neutral from Sell as it believes last night's capital raise removes risk. The firm has a $4.50 target on shares.
  • Deutsche Bank upgraded Map Pharmaceuticals (NASDAQ: MAPP) to Buy from Hold following the positive Levadex Phase 3 results as it believes the migraine drug could generate peak sales of $250M in the U.S. if approved. Deutsche raised its target on shares to $12 from $5.
  • Northwest Natural Gas (NYSE: NWN) was raised to Buy from Neutral at UBS.
  • Petro-Canada (NYSE: PCZ) was upgraded to Overweight from Equal Weight at Barclays.
  • Alcatel-Lucent (NYSE: ALU) was upgraded to Add from Reduce at WestLB.

Continue reading Analyst upgrades, downgrades and initiations: PCZ, ALU, BIG, GOOG ...

After the rally comes the tally

After a nine-week stock market rally it is time to tally up the winners and losers. In a market where almost everything gained, there must eventually be separation between those that went with the flow and those that had something to show.

The financial stocks, with the help of the government, were able to show some positive earnings. The banks do raise the suspicion that this is a case of "managing the numbers".
The government has helped them along by "reshaping" some accounting rules and giving them advance warning (and leaking to the public) of the results of its stress testing. Until now, they have gone with the flow as the hardest hit stocks and rallied the most.

Continue reading After the rally comes the tally

Chasing Value: Marathon Oil -- simply too cheap!

When I look at the numbers for Marathon Oil (NYSE: MRO), it is hard for me to believe the company has not been bought out already. Capitalized at $22 billion, it would be easy for most of the major oil companies to swallow whole.

Contrarian that I am, my view differs from that of Credit Suisse, which downgraded the stock yesterday based on valuation and lack of a visible catalyst for near-term growth.

Continue reading Chasing Value: Marathon Oil -- simply too cheap!

Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 22, 2009: 06:06 AM

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