|Day Low/High||62.41 / 63.91|
|52 Wk Low/High||28.16 / 73.23|
And oil will continue to slowly but surely rally to the end of the year.
Here are Thursday's top research calls, including upgrades for Anadarko Petroleum, GrubHub and Merck, and a downgrade for Pfizer.
Barclays upped its price target on Anadarko Petroleum (APC) stock by $10.
Jim Cramer has suggested stocks to own after the OPEC decision to curtail production.
Freeport-McMoRan (FCX) is moving ahead with the sale of its $2 billion Gulf of Mexico assets to Anadarko (APC) despite creditors disapproving the deal.
Here's a technical look at how to trade some of the biggest stocks on Wall Street.
The Securities Exchange Commission found that Merrill Lynch did not have proper trading controls in place to stop "mini-flash crashes" on particular stocks.
A turnaround may be in the sights for the industry but many companies could still look toward divestitures to strengthen their finances and put money in the bank for acquisitions.
But the Fed meeting is difficult to play in the markets.
Cramer is steadfast on Skyworks Solutions but is moving on from Cliffs Natural Resources.
Gains from one day are being wiped out the next and vice versa, Cramer says.
Encana shares fall on a secondary offering, Jim Cramer explains why he prefers Anadarko.
Cramer sees Anadarko Petroleum profiting and Coach returning to its former glory.
Worried about a bad event? There will be money coming off the sidelines afterward. Be prepared to buy on weakness.
After agreeing to buy Freeport-McMoRan's deepwater assets, the stock of independent oil producer Anadarko Petroleum is now more dangerous than ever.
Despite a $2 billion asset sale and backing by Carl Icahn, concerns about copper prices and balance sheet woes still weigh on the miner's stock, Cramer says.
Anadarko's (APC) stock price target was increased to $74 at Credit Suisse
It is disappointing to see gold not gain a safe-haven bid on the weaker equity markets.
Analysts say the deal came at a good price for Anadarko and will expand it in the Gulf of Mexico and generate free cash flow for onshore development.
Freeport sells its Deepwater Gulf of Mexico properties in an effort to reduce its debt and focus on its copper business.
The billionaire insurgent investor said the sale shows Freeport-McMoRan is "making good" on its goal of deleveraging and is on track to halve its net debt.
The agency said global crude stockpiles will persist through 2017, but analysts noted Tuesday that U.S. producers will still ramp production if oil hovers above $50 per barrel next year.
We should see renewed strength with $70 the next upside price objective.
Anadarko (APC) stock was declining in pre-market trading on Tuesday as it will pay Freeport (FCX) $2 billion for its Gulf of Mexico oil assets.