For Immediate Release
Chicago, IL – April 9, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Sunoco Inc. (SUN), Valero Energy Corp. (VLO), Western Refining Inc. (WNR), Chevron Corp. (CVX) and ConocoPhillips (COP).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
EIA Reports Bearish Inventory Data
The big gain in refinery use (almost 2%) is putting further pressure on the crack spread (or refiners’ profit margin), which are already squeezed. Domestic refiners are reeling under the specter of a continued glut in global fuel supplies with stocks of crude oil and petroleum products remaining at unusually high levels for this time of the year. In recent times, rising crude oil prices have added to their miseries by increasing the cost of production.
Refining margins were significantly lower last year, especially in the fourth quarter, as a result of narrower spreads on crude oil and oil products. We believe that this imbalance between supply and demand will remain in place over the coming 6 – 12 months and negatively impact the bottom line. As such, we have a bearish stance on oil refiners like Sunoco Inc. (SUN), Valero Energy Corp. (VLO) and Western Refining Inc. (WNR).
Firms like Chevron Corp. (CVX) and ConocoPhillips (COP) — oil majors that have significant refining operations — are also expected to remain under pressure until pricing and demand improve. The companies have scaled back their worldwide downstream operations, as they think that oil refining margins are unlikely to improve substantially this year. Profitability has collapsed in recent times due to the global economic rout and a glut of new capacity in the emerging economies of Asia and the Middle East.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Web Content Editor