Posts for Ticker ‘FWLT’

Top Analyst Upgrades (FWLT, GNW, ITRI, NUE, SPR, SNCR, STI, SYNA, USB, VIA)

These are this Thursday morning’s top analyst upgrades and positive research calls seen from Wall Street:

Foster Wheeler (FWLT) Raised to Buy at Goldman Sachs.
Genworth (GNW) Raised to Buy at Deutsche Bank.
Itron (ITRI) Started as Buy at Jefferies.
Nuecor (NUE) Raised to Buy at Citigroup.
Spirit AeroSystems Holdings Inc (SPR) Raised to Conviction Buy at Goldman Sachs.
Synchronoss Technologies (SNCR) Raised to Overweight at Thomas Weisel.
SunTrust (STI) Started as Outperform at Oppenheimer.
Synaptics (SYNA) Started as Buy at Needham.
USBancorp (USB) Raised to Buy at Rochdale.
Viacom (VIA) Raised to Buy at UBS.

JON C. OGG

Posted on: September 17, 2009 – 8:13 am in Analyst Calls, , , , , , , , , ,

T. Boone Pickens & BP Updated Stock Holdings (ANR, APC, COG, CHK, CNX, DVN, FLR, FWLT, HAL, MEE, OXY, STR, SLB, SU, RIG, WFT)

Pickens PicThis morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P.,  as of March 31, 2009.  Some of the higher stakes look to be in Chesapeake Energy Corporation (NYSE: CHK), Devon Energy Corporation (NYSE: DVN), Suncor Energy Inc. (NYSE: SU), and Transocean Ltd. (NYSE: RIG).  Here is the full list of holdings for Pickens’ BP Capital with the implied value as of the reporting dat of March 31:

Posted on: May 15, 2009 – 11:37 am in Activist Investor, Insider Activity, Mutual Funds, Oil & Gas, , , , , , , , , , , , , , , ,

Refiner Shows Profit, E&P and Services Don’t (WNR, DVN, FWLT)

refinery-imageThree companies representing three distinct areas of the oil business have reported earnings and the surprise to many will be that the refiner put up the best numbers. Western Refining Inc. (NYSE:WNR) reported EPS of $0.86, way up from a net loss of $-0.60 in the same period a year ago, and above a consensus estimate of $0.84. Revenues did not keep pace though. Western’s sales came in at $1.37 billion, compared with $2.55 billion a year ago, and consensus estimates of $2.96 billion.
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Posted on: May 6, 2009 – 8:02 am in Earnings, Oil & Gas, , ,

Top 10 Analyst Upgrades & Downgrades (ALTR, XLNX, BMRN, FWLT, PALM, VRTX, EIX, MGM, POM, TIF)

These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens:

  • Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at Global Crown.
  • Biomarin Pharma    (BMRN) Raised to Buy at Citigroup.
  • Foster Wheeler (FWLT) Raised to Buy at Jefferies.
  • Palm (PALM) Raised to Buy at Piper Jaffray.
  • Vertex Pharm (VRTX) Raised to Accumulate at ThinkEquity.
  • Edison (EIX) Cut to Market Perform at Wachovia.
  • MGM Mirage (MGM) Cut to Hold at KeyBanc.
  • Pepco Holdings (POM) was downgraded at both Barclays and at Wachovia.
  • Tiffany (TIF) target cut by over 60% to $21.00 at HSBC.

JON C. OGG
March 4, 2009

Posted on: March 4, 2009 – 7:53 am in Analyst Calls, , , , , , , , , ,

Fluor: A Strong Balance Sheet Is a Good Thing (FLR, STO, XOM, JEC, FWLT, KBR)

When everyone else is ducking for cover, it often pays to stick your neck out. That seems to be what Fluor Corporation (NYSE:FLR) is doing with the announcement of a new business that it is calling Fluor Offshore Solutions. Fluor has been in the offshore business for decades, but is more well-known for its onshore engineering and construction business.  Where it gets interesting is how it is stacking up against peers.

Read More »

Posted on: December 4, 2008 – 9:37 am in Infrastructure, , , , , ,

Foster Wheeler, Transocean: Revenues Up, So Are Costs (FWLT, RIG)

Oil_well_logo_2Before market open this morning, major oilfield services players Foster Wheeler Ltd (NYSE:FWLT) and Transocean Inc. (NYSE:RIG) reported third quarter earnings. The short version is both missed EPS estimates, while surpassing revenue expectations.

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Posted on: November 5, 2008 – 10:04 am in Earnings, Oil & Gas, ,

Oilfield Services Stocks Still Headed South? (FWLT, NOV, SLB, WFT, BHI)

Oil_well_logo_2Less than a month ago, we published a story on oilfield services companies and how their stocks had fallen along with the price of crude. Their stocks should be doing better considering the services business should hold up much better than the raw price of crude. Since then, stock prices have fallen even further, and again, for no apparently good reason. Sure, crude oil prices have fallen more than $5/b since August 20th,but orders for new rigs are strong, day-rates are essentially atall-time highs, and the major players are able to fund new constructionout of cash flow, with cash left over to buyback stock or liftdividends.

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Posted on: September 10, 2008 – 9:42 am in Oil & Gas, , , , ,

The 52-Week Low Club 9/10/2008 (LEH)(ASK)(WFR)(ESLR)(FWLT)

Sad_clownLehman (LEH) — Is it still solvent? Drops to $7.64 from 52-week high of $67.73.

AK Steel Holding (AKS) Large stockholder sells part of holdings. Sells down to $33.05 from 52-week high of $73.07.

MEMC Electronic Materials (WFR) Concerns about soft chip demand. Falls to $32.23 from 52-week high of $96.08.

Evergreen Solar (ESLR) Oil price drop hurts shares. Dips to $6.16 from 52-week high of $18.85.

Foster Wheeler (FWLT) No news. Sells down to $33.19 from 52-week high of $85.65.

Douglas A. McIntyre

Posted on: September 9, 2008 – 2:56 pm in HI/LOW, , , , ,

Controlling Expenses is the Name of the Game (FWLT, RIG)

This morning, Foster Wheeler Ltd. (NASDAQ:FWLT) and Transocean Inc. (NYSE:RIG) both reported earnings before the market opened. Both reported good earnings, but there are some warning signs to note in each.

Read More »

Posted on: August 6, 2008 – 9:04 am in Earnings, Infrastructure, Oil & Gas, ,

Cramer Revisits Green & Alternative Energy (FSLR, FWLT, SGR, BWA, WFR, FTEK, TTEK, OMG)

Because of Earth Day and because of a strong performance, Jim Cramer came on CNBC’s MAD MONEY tonight after a week off and said he wanted to revisit which ones to buy and hold now that the entire portfolio he gave is up some 76.8% (or up about 35% on an ex-First Solar basis).  Down below you can see the updates from the past to see what he said, but first are the ones he reviewed:

  • First Solar (NASDAQ: FSLR) up over 300%, but it doesn’t need subsidies. He thinks the new administration will bring it in.  The payback is cheaper and faster because it doesn’t need silicon.  Cramer noted that this was to solar what Intel was to chips.  He wants to stick with it.
  • Foster Wheeler (NASDAQ: FWLT) has risen 97% and is his favorite infrastructure play, which should work even higher.  Cramer thinks this one can be bought now without a pullback.
  • Shaw Group Inc. (NYSE: SGR) is the play on nuclear energy and he would stick with this one.
  • BorgWarner Inc. (NYSE: BWA) was play for clean emissions, but he thinks this one should be dumped.
  • MEMC Electronic Materials Inc. (NYSE: WFR) is also up big but Cramer thinks this should be dumped because of recent execution problems.
  • Tetra Tech (NASDAQ: TTEK) was a water play that rose only about 1.6%, but it is becoming the right place because of rapidly deteriorating domestic infrastructure.  It now has a wind energy company.  He thinks you can buy it now.
  • FuelTech (NASDAQ: FTEK) has come back off since he said SELL, but now you can reload on it.  He said sell it once, and he thinks it is going up on increasing efficiency of coal plants. He also likes that insiders have been buying stock recently.
  • OM Group (NYSE: OMG) is an emissions play, but now that it has recovered you can take profits in OM Group or just sell it.

Here was the summary for Cramer’s "original" Alternative Energy & Green Stocks if you want to compare then to now.

We have been highlighting some of the smaller green tech and alternative or renewable energy picks in our own weekly "10 Stocks Under $10" newsletter.  Of those picks, our Capstone Turbine Corp. (NASDAQ: CPST) is up roughly 150% and the only "selling" we have yet to note is perhaps some profit taking to lock in a portion of your gains, but we think this one is heading higher.  Our other pick has only been on the list in the under $10.00 newsletter for a few weeks, and it is already up about 30% since.  We actually just raised our expectations on this one.

Jon C. Ogg
April 21, 2008

Posted on: April 21, 2008 – 5:35 pm in Alternative Energy, Cramer, , , , , , , ,

Best Growth Already Been Seen at Foster Wheeler? (FWLT)

Foster Wheeler is seeing shares hit hard this morning.  Its earnings rose roughly 24% to $0.54 EPS and revenues were $1.47 Billion.  The problem is that First Call estimates were $0.76 EPS on $1.42 Billion in revenues.  Part of the earnings discrepancy was an $8 million tariff and a $5 million client reserve reimbursement.  It also "experienced fewer profit-enhancing opportunities."  The company said it ended the year with record scope backlog.

Raymond Milchovich, CEO comments on an outlook: "…..we expect meaningful organic growth and sustainable margins. We’re hopeful that this can be complemented by growth through strategic acquisitions during the year as well. In our Global Power Group, as we’ve previously stated, we remain confident that we will enjoy a material level of margin improvement and revenue growth during the year given our position and momentum entering 2008.”

Shares of Foster Wheeler are down almost 10% pre-market at $71.45.  The 52-week trading range is $26.69 to $85.65.  So shares are still up close to 200% with this haircut from year lows.  The shares are also up tenfold from the end of 2004.

With what was an $11.3 Billion market cap as of yesterday, it sure looks like Wall Street is going to be a little more selective on how it rates the growth ahead in infrastructure engineering and construction giant.  The growth is not over and it probably won’t get penalized for small acquisitions it can easily and cheaply integrate here and there.  But the exponential organic growth looks like it may have started running into limitations with the law of large numbers.

Jon C. Ogg
February 26, 2008

Posted on: February 26, 2008 – 9:29 am in Earnings, Infrastructure,

Pre-Market Stock News (January 23, 2008)

We are full fledged into earnings season now, so most news coverage will point to the current earnings environment and guidance.  There are of course drug developments and other contracts awards.  Below is a snapshot of some of the key data we saw affecting shares in pre-market trading:

  • Abbott Laboratories (ABT) $0.93 EPS versus $0.92 estimate; sees Q1 EPS $0.61 to $0.63 versus $0.65 estimates and sees 2008 EPS $3.20 to $3.25 versus $3.22 estimate.
  • Advanced Energy Industries Inc. (NASDAQ: AEIS) traded down over 10% after after it lowered guidance.
  • Air Products (APD) $1.16 EPS vs $1.13 estimates. 
  • Apple Inc. (AAPL) trading down 10% after it posted $1.76 EPS on $9.6 Billion revenues; Estimates were $1.62 EPS on revenues of $9.47 Billion; Guidance for next quarter is $0.94 EPS and revenues $6.8 Billion versus estimates of $1.09 EPS on $6.98 Billion in revenues.
  • Baidu.com (BIDU) announces the formal launch of its Japanese language search engine run by its Japanese subsidiary.
  • CheckPoint Software (CHKP) trading up almost 5% after $0.46 EPS versus $0.45 est.; Revenues $206.7M vs. $202.3M est.;
  • CNH Global (CNH) $0.50 EPS versus $0.60 estimate.
  • Coach (COH) $0.69 EPS vs $0.68 estimate; noted weak mall traffic and decline in average transaction size.
  • EntreMed (ENMD) is starting its Phase II study with its MKC-1 cell cycle inhibitor in ovarian cancer and advanced endometrial cancer.
  • Ethan Allen (ETH) posted $0.70 EPS versus $0.68 estimate.
  • Foster Wheeler (FWLT) trades ex-split to reflect a 2 for 1 stock split.
  • General Dynamics (GD) $1.42 EPS vs. $1.41 estimate; sees 2008 EPS $5.55 to $5.65 versus $5.73 estimate.
  • HOKU Scientific Inc. (HOKU) traded down 10% after earnings beat but guidance was deemed light.
  • INX (INXI) awarded Department of Defense contract to provide up to $21 million in support  of a Cisco Systems network pact.
  • Martek Biosciences (MATK) noted a December publication showed its DHA may help in late-onset Alzheimer’s, although NIH study results will be in 2010.
  • Parametric (PMTC) $0.26 EPS vs. $0.23 estimate; sees next quarter $0.24 to $0.28 vs. $0.26 estimate; sees 2008 EPS $1.17 to $1.27 vs. $1.16 estimate (revenue in-line).
  • Praxair (PX) $0.98 EPS vs $0.97 estimate.
  • Qualcomm (QCOM) expanded relationship with Motorola for chipsets into certain UMTS 3G handsets in 2008 and 2009.
  • RLI Corp. (RLI) $1.22 EPS versus $1.05 estimate.
  • Rockwell Automation (ROK) $1.04 EPS vs. $1.01 estimates; guides 200 EPS $4.25 to $4.45 versus $4.38 estimate.
  • Southwest Airlines (LUV) $0.12 EPS vs. $0.10 estimate ; reigned in 2008 growth plans to 4%-5% capacity.
  • Texas Instruments Inc. (TXN) has posted earnings of $0.54 EPS and revenues of $3.56 Billion; analysts pegged at $0.52 EPS on $3.58 Billion in revenues; sees Next quarter $0.43 to $0.49 EPS on revenues of $3.27 to $3.55 Billion versus estimates of $0.45 EPS on $3.41 Billion in revenues.
  • TJX Companies (TJX) was Jim Cramer’s retail pick on CNBC’s MAD MONEY last night.
  • United Tech (UTX) $1.08 EPS vs. $1.06 estimate; sees 2008 $4.65 to $4.85 versus $4.85 estimate.
  • Vertex Pharmaceuticals (VRTX) will begin Phase III evaluation of telaprevir for its lead investigational hepatitis C protease inhibitor.
  • WellPoint (WLP) $1.51 EPS versus $1.51 estimate.
  • Werner Enterprises (WERN) $0.28 EPS vs. $0.28 estimate.

Jon C. Ogg
January 23, 2008

Posted on: January 23, 2008 – 7:58 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , ,

Backward & Forward, Cramer In 2007 To 2008

2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008.  Everyone’s favorite market pundit or least liked pundit is obviously Jim Cramer.  If you love Cramer or can’t stand him it really doesn’t matter.  He signed a new multi-year deal with CNBC recently.  Here are some of his major calls this year that will still be referred to in 2008:

Here were Cramer’s TOP 9 STOCKS FOR 2007, with a call broken down for each one.  Borat would say HI FIVE on some and NOT SO NICE on others, as would be expected.  Cramer’s 14,582 year-end DJIA target…..Friday’s close was 13,365.87……although we did hit 14,279.96 on OCT11, 2007.  Cramer also gave a batch of price targets on most of theDJIA components:

Cramer’s Stock Picks FOR 5-YEARS OUT:

SOME LISTS: His list of recession proof stocks compared to ours.  We are updating our
Defensive Stocks For The First Half Of 2008" currently.  Cramer gave a huge list of companies he expects to benefit from the alternative energy traders (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)… Jim Cramer pondered which US companies China would want to acquire, about 3 months before sovereign funds started buying into US companies.  Cramer’s mortgage winners and losers…… Here were his MAJOR BULL MARKET STOCK PICKS(MHS, CVS, AGN, CELG, GENZ, CEPH, RIG, HAL, EMR, CAT, CMI, UTX, KO,PEP, CL, GS, SKS, VFC, UNP, CSX, BA), some of which are DJIAcomponents.  Cramer produced a "MUST OWN" list of stocks, many of whichare up significantly and some are down (WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM)

Cramer spent lots of time on International stocks that most US investors might not cover on their own.  He made a big call on Mercadolibre (MELI) (also BIDU, GOOG) with some emphasis on buying immediately, right before it made a huge run up.  Cramer’s Hidden Video Game Investment Perfect World (PWRD, ATVI, ERTS, VIA) was one he said could run more than 50% for 2008.  Cramer made 5 TOP CHINESE PICKS (CEO, CHL, SSW, FMCN, BIDU, GMR).  We’ll see in 2008 if any of his Canadian OIL TRUSTS get acquired in 2008 (BTE, CNE, PGH, PVX, PWE, AAV, GDI).  Cramer also went over his top picks from Europe for American investors (TOT, SI, ABB, PHG, BF)

ON TECHNOLOGY:  Cramer’s NEW HORSEMEN OF TECH…. will the list change in 2008???  Did Cramer Say $1,000.00 on Google, Or Is It $600.00? That was in May 2007.  Cramer Gave Monster Price targets to Baidu.com (BIDU, GOOG).. will these targets change in 2008? Cramer was very positive on all the GPS stocks,although we’d expect that Cramer will change his tune in 2008 now thatthe holiday madness is behind us (GRMN, UA, CROX, NVT, TRMB, SIRF).

Would it be fair not to include the Barron’s attack on Cramer from summer for those of you that criticize his every word?

ON WARREN BUFFETT…. Cramer noted that BROOKFIELD ASSET MANAGEMENT in Canada may be the next Berkshire Hathaway (NYSE:BRK/A) NYSE: BAM). Cramer reviewed 10 Warren Buffett stocks for analysis and then reviewed 10 More Warren Buffett stocks:

Will his buyout of ALCOA (AA) prediction come true in 2008??? Cramer gave a list of stocks that had bought back so much stock that they might be taking themselves private.

Join our free email distribution list for other Cramer calls or for updates we send out regarding IPO’s, spin-offs, restructuring, reorganization, activist investors and more.

Happy New Years from the 247WallSt.com team!

Jon C. Ogg
December 31, 2007

Posted on: December 31, 2007 – 8:01 am in Cramer, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AAI, AMR, BIDU, RATE, FSLR, FWLT, DNA, PCG, TOT, VRTX)

It might not be fair to only break out 10 analyst calls from the myriad of calls out there, because there are dozens to hundreds of changes daily.  Here are the key calls that 24/7 Wall St. is looking at today, besides the Cisco calls:

  • AirTran (AAI) downgraded to Neutral from Buy at UBS.
  • AMR Corp. (AMR) downgraded to Sell from Neutral at UBS.
  • Baidu.com (BIDU) downgraded to Sector Perform from outperform at RBC Capital Markets; stock down 0.5%.
  • Bankrate (RATE) downgraded at both RBC and at CIBC; stock indicated down $2 pre-market.
  • First Solar (FSLR) raised to Outperform at CIBC; stock up 20+% pre-market after earnings.
  • Foster Wheeler (FWLT) raised to Buy at Citigroup; stock up 3% pre-market.
  • Genentech (DNA) added to Goldman Sachs’ Americas Conviction Buy List, but no change to $102 target; stock indicated up almost 1%.
  • PG&E (PCG) raised to Buy at Jefferies.
  • Total SA (TOT) raised to Overweight at J.P.Morgan.
  • Vertex Pharma (VRTX) raised to Buy at Goldman Sachs; stock up 1.3% pre-market.

There are many other analyst calls not mentioned that will be having an impact on share prices, as always.

Jon C. Ogg
November 8, 2007

Posted on: November 8, 2007 – 8:13 am in Analyst Calls, , , , , , , , , ,

Cramer’s Alternative Energy & Green Stocks (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)

On tonights MAD MONEY on CNBC, Jim Cramer wanted to pitch in on covering the green-tech stocks.  He says he has no politics on his calls because he is just looking at these as opportunities to make money.  Cramer’s green stocks are up 68% on average since he covered that Massachusetts ruling back in April.  His stocks from back then and here are his reviews now:

  • Shaw (SGR) up from $30 by 146% in nuke power infrastructure he thinks it can still double.
  • Foster Wheeler (FWLT) up 99% and being driven by non-green demand, it’s still a favorite but for another reason.
  • Borg Warner (BWA) is up 38% and still has legs in cleaner engine parts, Cramer thinks it goes higher.
  • OM Group (OMG) is actually down on refining cobalt and he said he’d have given up if last quarter wasn’t good.
  • First Solar (FSLR) was up big today on a $1 Billion contract.  Its up 170% since his recommendation and he thinks it can go higher with analysts racing each other to raise targets.  It reports Wednesday but he says it is expensive and he’s look at it speculatively.
  • Fuel-Tech (FTEK) is one that Cramer would rather sell than OM Group.
  • MEMC (WFR) is an arms merchant for solar makers in making wafers for solar panels; too good to pass it up; it’s cheap and he thinks out of all green stocks that this one is still bargain.  MEMC is his TOP PICK in the alt-en sector.
  • Tetra Tech (TTEK) is his play on the water group and he likes the last buyout with an international footprint.

He doesn’t see a single one where he thinks the run is over.  In a call-in he was also positive on Zoltek (ZOLT).  As far as BP’s (BP) initiatives in a call-in, he thinks it is an after-thought and right now it doesn’t add up right.  SunPower (SPWR) in a last call-in is one that he’s been behind and he thinks Cypress Semi (CY) is the play off it.

Another alternative energy stock an analyst said could double is Capstone Turbine (CPST) today in an unrelated report.  That was Lazard, and its analyst also defended Itron (ITRI) on recent weakness.

Jon C. Ogg
November 6, 2007

Posted on: November 6, 2007 – 6:26 pm in Alternative Energy, Cramer, , , , , , , , , , , , , , , ,

The Business Day In Global Warming (GE, BLDP, UTX, PX, FWLT, PBOF, OPTT, YGE, FPL, GWSO)

If you haven’t heard of the 4th Annual Energy Tech Conference, from October 3 to 4, 2007, in San Jose, California, it might be worth looking at.  There will be clean-tech, green tech, VC’s and even traditional power companies there.

Apparently, some new company is out in the alternative energy and green tech sector if you trust the name, although you are on your own because they are on the OTC PINK SHEETS.  Global Warming Solutions (PINKSHEETS:GWSO) issued a corporate update.

Florida Power & Light Co. (NYSE:FPL) today asked the Florida Public Service Commission (PSC) for permission to expand power production capacity at its currently operating Turkey Point and St. Lucie nuclear power plants.

Yingli Green Energy Holding Company Limited (NYSE:YGE) entered into a new mid to long term agreement with Wacker Chemie AG of Germany.  Wacker will supply Yingli Green Energy with polysilicon from 2009 to 2011. The total amount of polysilicon supplied will allow Yingli Green Energy to produce over 80MW of PV modules over the life of the agreement.

Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced its results for the first quarter of its fiscal year ending April 30, 2008. Revenues were $556,000 compared with $305,000 in the three months ended July 31, 2006; net loss of $2.4 million in the first quarter of fiscal 2008 compared with a net loss of $1.7 million in the first quarter of fiscal 2007. Stock fell 3.2% to $13.27, still with a $135 million market cap.

PennFuture: Wind Energy Vital to Pennsylvania’s Economy, Environment and Public Health…. This is music to General Electric’s (NYSE:GE) ears as they are the top wind power turbine maker in North America. 

Northeast Advanced Vehicle Consortium signs contracts on Six New Fuel Cell Bus Projects with Federal Transit Administration:  State-of-the-Art Fuel Cell Buses to be deployed In Connecticut, Massachusetts and New York.  UTC Power, GE Research, New York Power Authority, Nuvera, Massport, CT Transit,  Ballard Power Systems, New Flyer, and others to be involved.  STOCK TICKERS: UTX, GE, BLDP.

Praxair, Inc. (NYSE: PX) and Foster Wheeler North America Corp., a US subsidiary of Foster Wheeler Ltd. (Nasdaq: FWLT) have signed a multi-year agreement that calls for the joint pursuit of certain demonstration projects that will incorporate clean coal technologies and integrated oxy-coal combustion systems into coal-fired electric generating plants to facilitate capture and sequestration of carbon dioxide (CO2).

Pure Biofuels Corp. (OTCBB:PBOF), a leader in the South American biofuel industry, today announced the closing of a $30 million round of private financing consisting of a $10 million convertible note and a $20 million secured credit facility.

Goldman Sachs today issued its new Super Spike price band for oil saying we are in Phase 2 of the cycle.  This now lays out the possibilities for up to $135 per barrel and up to $4.50 per gallon at the pump. Remember, this isn’t a prediction these go there, it’s just a range for super-spikes in prices based upon today’s conditions.  They did give new actual targets though, and the call is for higher prices to remain.

Jon C. Ogg
September 17, 2007

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 24/7 Wall St. covers it.  Green business has become big business, and this affects many public companies today.

Posted on: September 17, 2007 – 6:04 pm in Alternative Energy, , , , , , , , , , , , , , , ,

Cramer’s Recession Draft Picks 2 (XOM, SLB, HPQ, DE, UTX, FWLT)

On tonight’s MAD MONEY, Jim Cramer went over Defensive Stocks that will be immune to FED rate cut dependence.  Cramer already gave his fantasy football draft list for the defensive linemen, but here are his draft picks for Quarterback as the first to rally off the bottom:

  • Exxon Mobil (NYSE:XOM),
  • Schlumberger (NYSE:SLB),
  • Hewlett-Packard (NYSE:HPQ),
  • Deere (NYSE:DE),
  • United Technologies (NYSE:UTX),
  • Foster Wheeler (NASDAQ:FWLT).

I gave a huge list of 17 defensive stocks on Friday that we edited from prior defensive stock lists, so that is why some of these names will sound familiar.

Jon C. Ogg
September 10, 2007

Posted on: September 10, 2007 – 5:48 pm in Cramer, Defensive Stocks, , , , , ,

Infrastructure Earnings Scorecard (MDR, FLR, FWLT, ACM)

If you have watched the infrastructure stock news this week, you will know most of these companies have beat earnings expectations and the industry isn’t seeing any major weakness ahead.

Fluor (NYSE:FLR) posted $1.05 EPS on $4.22 Billion in revenues, and estimates were $0.95 EPS and $3.8 Billion in revenues.  The power division and oil and gas projects were mostly credited.  Its shares were up about 3% yesterday in after-hours trading and that is in-line with pre-market indications on no volume so far.

McDermott International Inc. (NYSE:MDR) posted a profit thattripled, and it even split its stock 2 for 1.  The company posted $1.31 EPS and estimates were under $1.00, and revenues were $1.42 Billion versus $1.39 Billion expected.  Shares were up almost 3% in after-hours trading yesterday and are actually indicated up over 4% for the open.

AECOM Technology (NYSE:ACM), the company that is considered the bridge design and engineering contract winner, also is trading higher pre-market.  The company posted $0.26 EPS on $1.1 Billion in revenues, and estimates were $0.25 EPS and $1.07 Billion revenues.  Aecom shares are up more than 5% pre-market.

Foster Wheeler Ltd. (NASDAQ:FWLT) is actually indicated a bit lower this morning after its earnings report.  The company posted $1.41 EPS, above the $1.33 EPS estimate (actual net results were $0.99 on items).  But revenues were $1.19 Billion, compared to estimates of $1.2 Billion. That EPS number is before a increased reserve charge for a legacy power project. The global power group unit has its highest backlog in years and it expects high bookings in engineering and construction in the second half. Foster Wheeler shares are trading down 2% pre-market.

The market cap of these companies combined is more than $30 Billion.

Jon C. Ogg
August 8, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 8, 2007 – 8:14 am in Earnings, Infrastructure, , , , , , , , , ,

Foster Wheeler: Good News, Bad News (FWLT, DOW, KBR, QQQQ)

Heavy construction and engineering giant Foster Wheeler (NASDAQ:FWLT) got some bad news today: it was beaten out by KBR, Inc. (NYSE:KBR) for a project management and front-end engineering and design contract on Saudi Arabia’s massive Ras Tanura petrochemical plant construction project. Dow Chemical (NYSE:DOW) and Saudi Aramco have formed a joint venture to build the Ras Tanura plant and plan to offer 30% of the $20 billion project to additional partners.

But FWLT also got some good news today: its stock is being added to the Nasdaq 100 index (NASDAQ:QQQQ), effective today. The company was added to the Russell 1000 earlier this year. That’s good news for a company that paid millions of dollars in asbestos-related personal injury claims and was delisted at the NYSE in November 2003. Foster Wheeler was even forced to execute a 20-for-1 reverse stock split in November 2004. The company’s stock traded on the OTC Bulletin Board from November 2003, until June 2005, when it listed on NASDAQ. Zacks has projected annual growth for FWLT of 23% over the next five years, nearly 10 points better than the expected growth for the industry as a whole.

That kind of growth brings to mind a couple of interesting questions. How long before FWLT once again seeks a listing on the NYSE? Will the ‘FWLT tenure on the NASDAQ 100′ set a record for the shortest term ever?  So far shares are focusing on the index addition as shares are trading up more than 1% around $118.00.

Paul Ausick
July 12, 2007

Posted on: July 12, 2007 – 10:55 am in Index, Oil & Gas, , , ,

Cramer & Mad Money Host The 500th Show (Major 2007 Highlights)

Stock Tickers: AAPL, YHOO, EBAY, LVLT, DNDN, NYX, AMZN, FWLT, GOOG,DELL, MSFT, INTC, C, RAD, SVNT, CSCO, MO, GS, HAL, DNDN

On tonight’s MAD MONEY on CNBC, Jim Cramer featured his 500th show on the air.  He noted that there is not a need to go over 600 stocks in a year as much as there is to bring you methodologies and a thought process. Cramer said he was going to review some of his blunders since the show began, but we wanted to show some of the key calls with some real longevity that he has made this year that are not just one-time calls here and there.  These are not the calls that Cramer discussed on his show tonight, but these are actually the big calls he’s made for longer-term in individual stocks that are still pertinent and active.

Cramer’s TOP 9 PICKS FOR 2007……..

Cramer’s "NEW FOUR HORSEMEN OF TECHNOLOGY," plus some second tier technology picks.

Cramer’s Apple (AAPL) strategy ahead of the iPhone release.

Will eBay (EBAY) & Yahoo! (YHOO) Merge, as Cramer hopes.

Cramer has four groups for a wildly bullish stock market, and he’s got oil and gas plays for the same wildly bullish market.

He’s still sticking with Google (GOOG)….Did he say $1,000 or $600?  He’s even backing Dell (DELL) after Michael Dell returned.

Cramer even gave a bunch of near and long-term targets on each DJIA component for the year.

Cramer still wants Semel out of Yahoo! (YHOO) and wants Chuck Prince out of Citigroup (C), just like we do.

He even gave some methodologies for the next Dendreon (DNDN).

Jon C. Ogg
June 11, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 11, 2007 – 5:38 pm in Cramer, , , , , , , , , , , , , , , , , , ,