4 Active Stocks on Traders' Radar Screens for 01/10/12: GEFI, NFLX, LULU, BAC
10 Januar 2012 - 2:51PM
Marketwired
FinancialNewsMedia.com "stocks to watch" for today: Geo Finance
Corp. (PINKSHEETS: GEFI), Netflix, Inc. (NASDAQ: NFLX), Lululemon
Athletica, Inc. (NASDAQ: LULU), and Bank of America Corp. (NYSE:
BAC).
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After the markets closed for trading yesterday, Geo Finance
Corporation (PINKSHEETS: GEFI) announced that the managing partner
of the newly acquired Jackson A&D leases, Armurtex Oil
Corporation (a private corporation) has retained GGP Exploration
Ltd of Shreveport Louisiana to operate the 200 acre field located
in Archer and Wichita Counties, Texas.
Watch the latest Video Press Release for Geo Finance Corp. here:
http://youtu.be/POc0mhtArrA
The Jackson A&D lease has 30 existing closed wells and one
injection well currently located thereon. As announced on November
9th, 2011, Geo Finance Corporation entered into an option agreement
with Armurtex Oil Corporation whereby Armurtex partnered with GEFI
to acquire the property.
The operator has identified the initial wells for rework and has
established a budget for the necessary work. All of the wells
identified were shut in the late 1990s with production, primarily
due to low oil prices.
"Because of today's price of oil, a lot of the wells that were
shut in during times of low oil prices are profitable again. We're
in an excellent position to take advantage of higher oil prices and
current technological improvements we're employing on our current
properties and on our acquisitions," commented John Arnold, CEO of
Geo Finance Corp.
Read the entire GEFI press release here:
http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=118
Netflix, Inc. (NASDAQ: NFLX) which closed up 13.78% on Monday
(01/09/12) on 30.5 Mil shares traded was cut to underperform by
Bank of America this morning saying the stock's 42% rise in the new
year is "unwarranted." NFLX was fluctuating in premarket trading
this morning, currently trading up slightly.
Lululemon Athletica, Inc. (NASDAQ: LULU) was up over 10% in
premarket trading this morning as LULU boosts its outlook for Q4 as
the retailer says a strong consumer reaction to its holiday
assortment will lift same-store sales to a low-to-mid twenties
percentage gain, higher than its initial estimate calling for
growth in the low to mid-range.
Bank of America Corp. (NYSE: BAC) closed up 1.46% on Monday
(01/09/12) on 240Mil shares traded. Bank of America shares rose
over 2% in early premarket trading today after a report said the
bank is cutting 15 managing directors in its Asia Investment
Banking division.
Market Commentary: Goldman Sachs sees massive upside risk in oil
prices.
Oil, gold and base metals are Goldman Sachs' top commodity picks
this year, with big upside risk in oil due to tight fundamentals
and a potential Iranian conflict, the investment bank said on
Monday. Price increases in Brent crude already in the first weeks
of the year mean Goldman's end-year target is only 13 percent away,
but it is the commodity with the greatest potential to break above
its target, Head of Commodities Research Jeff Currie said. "Oil we
like the most from a fundamental basis but at $113 a barrel in the
current environment is pretty rich," he told a strategy conference
in London. Goldman expects Brent oil to end the year at $127.50 per
barrel and trade at an average of $120 in 2012.
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