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The NASDAQ , S&P 500 and Dow Jones are all struggling to maintain the anemic rally that has ensued for the past 1.5 weeks. Volume continues to dissipate in most major indices, SPY’s 14 day volume simple moving average has been on a downtrend since early-mid February.
Today’s options action has been [...]
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ExxonMobil (XOM) bought XTO Energy Inc. (XTO) this morning to bolster its position in the natural gas market. The deal was all-stock, and it was for a 25% premium from Friday’s closing prices. XTO shareholders will receive 0.7098 common shares of XOM for each of their XTO shares. This is different than a cash deal, [...]
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As oil broke above $80 on Thursday, I went and looked at ConocoPhillips (COP) and Exxon Mobil (XOM). They are an interesting case study in two companies who basically do the same thing, but their debt levels change how their stocks behave. I thought this example was interesting because many times people think of COP [...]
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