HP Dissed by Financial Expert and 3 Dow Movers Not to Miss
Bank of America Merrill Lynch’s (NYSE:BAC) MOVE index, which measures price movements that are based on the implied volatility of Treasury options, was at 59.8 basis points on Thursday. It dropped to 57.5 points on September 19th, marking its lowest level since May. Ciaran O’Hagan, who heads European rates strategy at Societe Generale SA in Paris, commented Thursday in a research note that “We expect the decline of implied volatility to slow down now, although volatility may keep trading at current cheap levels for some time. Those in need of a hedge should find current levels of implied volatility quite attractive.”
Caterpillar (NYSE:CAT) has shipped the 500th D7E Track-Type Tractor from its East Peoria facility. The CatD7E contains a first-of-its-kind electric drive system that drives productivity and efficiency while simultaneously lowering operating costs and reducing fuel consumption. D7E dozers are being heavily used in a broad range of applications throughout Europe, North America, and Australia.
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Chevron Corporation (NYSE:CVX): Alexander Novak, Russia’s energy minister, has told the Financial Times that his country is looking over proposals that would permit foreign oil players to not only operate Arctic offshore projects but also to have access to output and thus become co-owners of the licenses.
Hewlett-Packard Company’s (NYSE:HPQ) shares have no reason for being owned, says Jim Cramer subsequent to his interview with the firm’s Chief Executive Meg Whitman, as he maintains that she offered no justification for buying them. Cramer added that H-P will probably not be able to ‘turn things around’ until 2014.
Don’t Miss: This Apple Bull is Raging Against Naysayers.