H-P Expects Shipment Dip and 3 Dow Movers Trading Now
Alcoa’s (NYSE:AA): Current price $8.86
Alcoa Oil & Gas will provide 5,300 meters of aluminum alloy drill pipe to Fugro McClelland Marine Geosciences of Houston and Fugro Singapore for their use in offshore geotechnical survey drilling projects.
Chevron Corporation (NYSE:CVX): Current price $113.70
During the first half of the new year, OPEC production should to outstrip demand, according to Reuters. Saudi Arabia cut its output late in 2012, but the United Arab Emirates sees no reason to do the same. Mohammed Al-Hamli, the UAE’s oil minister said Wednesday that, “The market is well balanced… Well, maybe, it’s a little bit over supplied, but generally, it is well supplied. World demand is still not in good shape. There will be an increase in demand (in 2013) but less than last year… It really depends on how the crisis is handled.”
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
General Electric Company (NYSE:GE): Current price $21.11
GE reports that China National Petroleum Corporation will install five of its ecomagination-qualified Jenbacher cogeneration systems at a new data center that CNPC is constructing in the Beijing district of Changping. The National Energy Administration Bureau of China okayed the project, which will serve as a model for other data center power projects there.
Hewlett-Packard Company (NYSE:HPQ): Current price $16.78
HP and Lenovo (LNVGY) expect to experience a drop in their shipments by around 20 percent in the first quarter, says DigiTimes. Sources at the notebook supply chain explain that the decrease is because of a high base for the fourth quarter 2012 and also the impact of a traditionally slow season from January through March.