Crames Gives Up on BP Shares

Jim Cramer

Jim Cramer has bailed on his BP Plc (NYSE:BP) position. After telling his fans to Buy BP on May 21st, Cramer, "mesmerized" by its fall, pulled the plug this week.

Exxon Mobil is Not BP - Trade on Weakness

Exxon Mobil.jpg

Thanks to BP (NYSE:BP) just about every oil/gasoline/offshore drilling company has been hit and the jewel of the bunch Exxon Mobil (NYSE:XOM) has watched its shares drop $9 or around 12% since the oil spill madness started.  Could this be a gift from Wall Street and should investors be eyeing XOM shares?

Friday's 323 Point Loss in the Dow: GE, Citi, and BP (GE, C, BP)

Bear Market - Stocks Fall

The Dow Jones dropped 323 points on Friday, yet another triple digit loss and some of the big stocks that fueled the decline were General Electric (NYSE:GE), Citigroup (NYSE:C) and BP Plc (NYSE:BP).

Big Stocks Drop including GE, Citi, and BP (GE, C, BP)

Dow Jones Triple Digit Swings

The Dow Jones swings down 200+ points today, yet another triple digit loss and the big stocks causing the most pain are General Electric (NYSE:GE), Citigroup (NYSE:C) and BP Plc (NYSE:BP).

Goldman Sachs Shares on the Mend (GS)

Goldman Sachs (NYSE:GS)

There is no stopping the financial juggernaut Goldman Sachs Group (NYSE:GS).  We pointed out on May 18th when Goldman shares hit $137.36, just $3 away from hitting a new 52-week low and the stock has since reversed its direction.  Seven trading sessions later and GS is up 5% to $144 a share.

BP's Next Big Problem: Lawsuits & Claims

BP (NYSE:BP) - Image 2
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The war against BP Plc (NYSE:BP) continues, just wait until the lawsuits and claims start to come in. BP shareholders should expect the worse and its stock hit a new 52-week low today.

Oil at $70: Play it with DIG and DUG

Oil Prices

Thanks to BP (NYSE:BP) and falling oil prices, the oil & gas stocks have been under pressure as the ProShares UltraShort Oil & Gas (ETF) (NYSE:DUG) has gained 26% in the last month and the ProShares Ultra Oil & Gas (ETF) (NYSE:DIG) has fallen 23%.  Why pick individual oil stocks when you can bet on a ETF that contains the best in the sector.

Oil, Anxiety Spill Into Gulf

BP (NYSE:BP) - Image 2
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Thousands of barrels of oil continue to spill into the Gulf killing wildlife, washing up on beaches and causing economic turmoil.

 

BP Shares Hit New 52-week Low (NYSE:BP)

BP (NYSE:BP)

BP Plc (NYSE:BP) shares touched a new 12 month low today of $43.60.  BP's stock is down 26.6% since April 23rd and it doesn't appear the pain will end anytime soon.

Oil Spill Impact to Fish and Fish Oil Supplements

Oil Spill (Oil covered Bird)

BP's (NYSE:BP) oil spill has caused more fear toward fish oil supplements and seafood safety.  If you're an oyster lover, get ready for higher prices, but rest assured the impact to Louisiana is huge however their shoreline only produces 1% of the seafood in the U.S.

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