The US consumer spending in December was slower, while incomes increased. MasterCard with higher than expected revenue in Q4. Royal Dutch Shell reported weaker results in the final quarter of 2012. AstraZeneca’s CEO with lower expectations on profit for 2013.
Shell posted a consensus-beating 15.7% rise in its closely watched adjusted profit for the first quarter, as high oil prices and continued growth at its upstream production division combined to good effect.
I recently did an interview with OilPrice.com on a range of issues related to oil prices. Here are some excerpts.
Oilprice.com: Oil prices have shot up in the last month. What range do you see oil prices trading in over the next 12 months?
By Hawkinvest:If you are looking for outsized gains in your portfolio, it can help to be a strategic investor. One way to do this is by considering companies that have a higher than average chance of being a takeover target. Many corporations are sitting on billions of dollars which is currently earning very little and creating almost no shareholder value.
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced encouraging fourth quarter results, helped by rebounding oil prices and lower operating expenses. Earnings per ADR came in at R$1.86 ($1.04), comfortably ahead of the Zacks Consensus Estimate of 90 cents.