Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- 3 Dreamy Small-Cap Stocks
- Correction or Summer Range Trade?
- Hitting Home Runs & Grand Slams, Not Loud Outs
- Hedge Your Portfolio with the Equity Bear ETF
- Machinery Industry Stock Outlook - May 2013
- Determining Correct Position Size with Options
- This Week's Growth & Income Stocks
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- AWS 5/23: Is the Market Over-Reacting?
- PFP 5/23: Do No Harm
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/23/2013
| Company Name | Symbol | %Change |
|---|---|---|
| WESTELL TECH | WSTL | 6.67% |
| STEIN MART I | SMRT | 5.38% |
| ALLIANCE FIB | AFOP | 5.21% |
| DAWSON GEOPH | DWSN | 4.33% |
| MARRIOTT VAC | VAC | 3.27% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Brazilian state-run energy giant Petroleo Brasileiro S.A., or Petrobras ( PBR - Analyst Report ) sold its 40% interest in BS-4 oil block in the Santos Basin. The stake was sold to OGX Petróleo e Gás Participações SA – the country’s second largest oil company by market value – for $270 million.
The sold block consists of two fields, Atlanta and Oliva, located 115 miles offshore Brazil at a water depth of about 1500 meters.
The deal is subject to sanction by Brazil's National Petroleum Agency (ANP). Other operators of the block include Queiroz Galvão Exploração e Produção S.A. and Barra Energia do Brasil Petróleo e Gás Ltda. with 30% stake each. The deal will not affect their holdings.
Headquartered in Rio de Janeiro, Petrobras is the largest integrated energy firm in Brazil and one of the largest in Latin America. The company operates in six segments: ‘Exploration and Production’, ‘Refining, Transportation and Marketing’, ‘Distribution’, ‘Gas and Power’, ‘Biofuels’ and ‘International’.
Petrobras has embarked on an ambitious investment program for the 2012-2016 period, totaling a massive $236.5 billion. This is expected to substantially increase the company’s leverage and deteriorate its credit metrics during the current downturn in the economic cycle. Additionally, the increasing capital intensity of its operations may result in reduced returns going forward. The asset sale is Petrobras’ first move under its five year investment plan.
Petrobras’ results are heavily levered to changes in the overall energy price environment, which are inherently volatile and subject to complex market forces. Brazilian politics and economics and changes to the country’s energy legislation may have an impact on Petrobras.
Petrobras – one of the biggest energy companies along with ExxonMobil Corp. ( XOM - Analyst Report ) , Royal Dutch Shell plc ( RDS.A - Analyst Report ) and Chevron Corporation ( CVX - Analyst Report ) – currently retains a Zacks #3 Rank, which translates into a short-term Hold rating.
Read the full Analyst Report on CVX
Read the full Analyst Report on RDS.A
Read the full Analyst Report on PBR
Read the full Analyst Report on XOM