|Day Low/High||0.07 / 0.08|
|52 Wk Low/High||0.07 / 6.48|
Unusual volume can be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst.
Announces $4.3 Billion C-Corp Acquisition of Berry Petroleum Company
First Ever Acquisition of a Public C-Corp by an Upstream LLC or MLP
Linn Energy (Nasdaq:LINE) is trading at unusually high volume Friday with three million shares changing hands. It is currently at two times its average daily volume and trading down $1.60 (-4.3%).
Because of the soaring price of oil in the ground, these deals make too much sense to ignore.
The ex-dividend date for Linn Energy (Nasdaq:LINE) is tomorrow, February 5, 2013. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $39.15 as of 9:30 a.m., the dividend yield is 7.5%.
Linn Energy was a leading decliner within the basic materials sector, falling 39 cents (-1%) to $37.06 on heavy volume.
Cramer said to stay away from Tronox but buy into Energy XXI.
We can be more constructive and look for opportunities to make money, Cramer said.
Cramer said he'd also be a buyer of Mondelez and American Axle but says Men's Wearhouse is inconsistent.
There are some things that didn't go wrong after all, Cramer said.
Cramer said Pepsi has flatlined but he likes Berkshire Hathway and Kellogg.
First, jettison hope, Cramer said. Then, start buying the sectors that are working.
Cramer also says to avoid Antares Pharma and Frontier Communications but would go with Apple and Linn Energy.
The optimists think going over the 'fiscal cliff' is no big deal. Cramer thinks they're dead wrong.
Omega Advisors is blowing everyone in the industry out of the water with its fund up 27 percent since the [...]
TheStreet Ratings group would like to highlight 5 stocks pushing the energy industry lower today, Nov. 9, 2012.
What really matters to stock prices, Cramer said, is management and a company's business model, not who happens to occupy the White House.
The ex-dividend date for Linn Energy (Nasdaq:LINE) is tomorrow, November 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 73 cents per share. At a price of $42.24 as of 9:30 a.m., the dividend yield is 6.9%.
Here are a couple of ideas brimming with potential -- but only if you have the stamina for it.
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