Basic Material Stocks: Petroleo Brasileiro Petrobras (NYSE:PBR), Valero Energy (NYSE:VLO), Chesapeake Energy (NYSE:CHK), Vale (NYSE:VALE), Barrick Gold (NYSE:ABX)

Ratings firms have expressed concern about a Brazilian government decision to sell billions of dollars worth of offshore oil rights to Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), saying the move will weigh on the state-run oil company’s cash flow and creditworthiness. The company is formally known, was awarded on Tuesday the rights to explore four…

Read More

Active Stocks at Basic Material: AK Steel Holding (NYSE:AKS), North American Palladium (NYSEMKT:PAL), Valero Energy Corporation (NYSE:VLO), Vale (NYSE:VALE)

The roller-coaster ride that is AK Steel Holding Corporation (NYSE:AKS)’s stock gave riders a breathtaking lift last week when the stock took flight. AK Steel Holding Corporation (NYSE:AKS) shares jumped 9 percent after it said it will raise prices on one of its key steel products. AK Steel Holding Corporation (NYSE:AKS) stock performance was -5.20%…

Read More

Basic Material Bullish Stocks: Valero Energy Corporation (NYSE:VLO), McDermott International (NYSE:MDR), Gold Fields (NYSE:GFI), NovaGold Resources (NYSEMKT:NG)

Valero Energy Corp. (NYSE:VLO) shares rose 5.2%. The refiner earlier this week said Chief Executive Bill Klesse will step down in May. Valero Energy Corporation (NYSE:VLO) stock performance was 5.17 % in last session and finished the day at $52.88. Traded volume was 13,401,374 million shares in the last session and the average volume of…

Read More

Top Morning News: Target Corp. (NYSE:TGT), Valero Energy Corporation (NYSE:VLO), Ventas, Inc. (NYSE:VTR), Verizon Communications Inc. (NYSE:VZ), Sony Corp (ADR) (NYSE:SNE)

Kinross Gold (NYSE:KGC) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $3.25 price target on the stock, down from their previous price target of $3.75. Credit Suisse’s price target suggests a potential upside of 25.00%…

Read More

Today’s Watch List: J C Penney Company Inc (NYSE:JCP), Valero Energy Corporation (NYSE:VLO), athenahealth, Inc. (NASDAQ:ATHN), Rite Aid Corporation (NYSE:RAD), RadioShack (NYSE:RSH)

Shares of J C Penney Company Inc (NYSE:JCP) dropped after Goldman Sachs downgraded the company to “sell” from “neutral” with a price target of $5.50, citing limited potential for further stock gains, according to Bloomberg. J C Penney Company Inc (NYSE:JCP) belongs to Services sector. Its net profit margin is -5.60% and weekly performance is…

Read More

Trader’s Recap: Valero Energy Corporation (NYSE:VLO), Barrick Gold Corporation (NYSE:ABX), Kyocera Corp. (NYSE:KYO), comScore, Inc. (NASDAQ:SCOR), Digital River Inc. (NASDAQ:DRIV)

Valero Energy (NYSE:VLO) Director William R. Klesse sold 37,943 shares of the company’s stock on the open market in a transaction dated Friday, November 14th. The stock was sold at an average price of $49.94, for a total value of $1,894,873.42. Valero Energy Corporation (NYSE:VLO) belongs to Basic Materials sector. Its net profit margin is…

Read More