News

1. Oil dips early on US$132.25
2. Financials make strong showing, esp Bank of America
3. Anheuser-Busch receives unsolicited takeover bid from Belgian brewer
4. Retail sales surpass expectations

52 wk highs

Energy related plays
Coal (ACI, ANR, ARLP, CNX, FCL, FDG, MEE, WLT),

Integrated Electrics (APWR, EXC, FE, HE, MDU, TE),

Oil & Gas (APA, APC, ARD, BBG, BEXP, BPT, BRY, BTE, CNQ, COP, CPE, CVX, CXG, CXO, DMLP, DNR, DVN, E, EAC, ECA, EGY, EOG, EQT, ESV, EXXI, FPP, FST, GMXR, HES, HGT, HK, HP, IMO, IVAN, KAZ, MCF, MMR, MPET, MUR, NBL, NBR, NFX, NGAS, NOG, NXY, OXY, PBR, PCZ, PDO, PGH, PTEN, PXD, PXP, RDC, RRC, SCU, SD, SFY, SGY, SJT, SM, SSL, STR, SU, SWN, TGC, TLM, TOT, UNT, UPL, WLL, XEC, XOM),

Pipelines (ENB, NFG, SE, WMB)

Steel Producers (AKS, GGB, GNA, SCHN, SIM, X, ZEUS)

Oil going for $134/barrel

Alamak, better change my car for a horse, at least there's still grass around when all the oil is gone.........

Seriously, Stagflation is here. Better tighten purses. Spend wisely.

21/5 Me and My Bro

Well, went out with my Bro Eric for dinner at Waraku tonite. Nice food and nice view !!! (The only complaint was that the green tea ice cream look so big on menu but came out so small).

Anyway, volatile day. Oil just hit $130 - that's why I'm focusing on Energy, Food and Supply Chain themes for this month.

The Fed minutes will also be released tonite. For those who are staying up, happy reading.

I am going for my brisk walking now and listening to my pastor's preaching.

Come, Soar with me. Now. (Ain't the eagle nice? - Thanks to eaglesnestdevelopment)

Lehman upgrades of Oil & Drilling

Lehman raises their target multiples for oil service and drilling stocks, reflecting a strong recovery in 2008 and 2009 for N. American natural gas drilling and substantial growth internationally over the next few years. Firm is raising their target multiples for oil service and drilling stocks. Lehman is raising their tgts on

BHI to $110 from $94, BJS to $41 from $33,

BRS to $62 from $58, CAM to $67 from $54,

DO to $161 from $158, DRC to $50 from $44,

DRQ to $50 from $44, ESV to $78 from $71,

GLBL to $21 from $23, GW ti $9 from $7.50,

HAL to $68 from $58, HP to $70 from $65,

HERO TO $44 from $32, HOS to $60 from $55,

NBR to $51 from $45, NOV to $100 from $79,

NE to $75 from $71, OII to $98 from $79,

PTEN to $39 from $34, RDC to $53 from $47,

SLB to $142 from $120, SII to $91 from $81,

SPN to $66 from $53, TDW to $85 from $75,

RIG to $192 from $180, WFT to $121 from $98,

WR to $26 from $25.

9/5 News

1. AIG - $7.8 billion net loss and raising $12 billion capital.
2. Oil @$125
3. Trade balance @$58.2 for March. 2Q GDP likely at 2%.