Stocks Climb On China As Bonds Fall; Oil Declines

Cabot is an oil and gas exploration and production company focused on North America. The company reported second quarter revenue of $449.7 million, an increase from $265.7 million the previous year. Quarterly net income increased 148% to $89.1 million, primarily due to increased efficiency in its Marcellus Shale drilling program. Cabot Oil & Gas Corporation has a market cap of $16.39 billion; its shares were traded at around $38.89 with a P/E ratio of 78.40 and P/S ratio of 11.10.

For Freeport McMoran Copper and Gold ( FCX ), go 50% long at $31.54 and 50% long at $30.44, with a stop at $29.73 (risk of approx. 4.1%). For Air Products and Chemicals Inc. ( APD ), go 50% long at $104.08 and 50% long at $102.44, with a stop at $97.43 (risk of approx. 5.6%).

Russia sold its first sovereign bonds in euros, along with dollar debt, raising 725 million euros ($962 million) from seven-year securities and $6 billion in bonds due in 2019, 2023 and 2043. South Africa sold $2 billion of 12-year bonds in overseas debt markets after boosting the size of the offering. The yen slid 0.8 percent to 100.39 per dollar and 0.9 percent versus the euro, while the U.S. currency was down 0.1 percent at $1.3270 per euro.

Tech stocks: HP sliding, Activision on the rise

“And financials are big contributors in terms of dividends for the Euro STOXX 50 index,” he added. SocGen expects financial stocks to contribute 30 percent of all Euro STOXX 50 dividends in 2015, up from 27 percent now. Buying stocks for their dividends has been an increasingly popular theme in the past year-and-a-half as investors look for bond-like investments in equities, and this trend is likely to continue even as bond yields in some developed markets rise. European equity income funds have 134 billion euros ($178 billion) in assets and have grown faster than the rest of the industry since the start of 2012, Lipper data showed. INSURERS VS BANKS While insurers and banks both offer a dividend yield – which compares the size of the payout to the share price – of around 4 percent, Thomson Reuters Datastream showed, some equity good stock buys fund managers who focus on dividend said they considered insurers the better bet for the moment. They said insurers were further ahead in the process of fixing their balance sheets and had a better record of sustaining high dividend payouts, while banks face further reviews on their capital position and political pressure to hold off from paying a dividend.

Financial stocks to lead European dividend rebound

(Photo: Paul Sakuma, AP) SHARECONNECT 9 TWEET COMMENTEMAILMORE It should be a busy day in the tech industry, headlined by Apple’s expected unveiling of the next iPhone . Let’s take a look at the tech stocks to watch for Tuesday. HP shares slip. HP joins Alcoa and Bank of America in the Dow shakeup. In a statement, The S&P Dow Jones Indices cited “the low stock price of the three companies slated for removal” and an interest in diversification.


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