It's Manic Monday, Oil creeps above $60.00 a barrel , Verizon looking for a change in scenery and U.S. Steel gets bump from Barron's.
With the cold chill finally making it's way to the Northeast, Oil prices rise to over $60.00 a barrel. With a big snow storm anticipated to arrive in the Northeast tonight through Tuesday morning, this can further boost that number.
U.S. Steel (NYSE:X) received a boost on Sunday from a Barron's article that mentioned the value of the stock may double if it becomes an acquisitions target. The company that may be coming to the table first is Luxembourg's Arcelor (CELR.PA), who was just outbid by Germany's ThyssenKrupp (TKAG.DE) for the acquisition of Canadian steelmaker Dofasco Inc. The question that may be on the minds of not only investors but of the U.S. Government, is should U.S. Steel be owned by a foreign company? U.S. Steel .stock closed at $48.11 on Friday.
Verizon (NYSE:VZ) seems to be looking at becoming a media powerhouse as they consider selling or spinning off their domestic directory division, Verizon Information Services. If this should happen it could be a deal worth up to $17 Billion. According to reports the company is looking to be known for more than a wireless phone company, they may be going head to head with cable operators such as Time-Warner (NYSE:TWX) as they expand their business horizons possible including television. The problem with this is that as technology advances the playing field becomes narrower, so Verizon jumping into a new arena can be either the best thing it's done in years or a bust. Verizon closed at $31.87 on Friday.
Dell (NASDAQ:DELL) may be reaping the rewards of the holiday season as we head into the heart of the shopping season. Affordable prices and quality merchandise just may put them ahead of the pack. Lets not forget Apple (NASDAQ:AAPL) as their reinventing of the iPod just continues to add to their bottom line. So both stocks seem to be in good positions to do well over the next few weeks. Dell closed at $30.82 while Apple closed at $72.63 on Friday.
Empire Energy Corp (OTCBB:EEGC) recently announced that Anderson & Schwab Australia Limited has determined a business value for Zeehan Zinc Ltd to be between the range of US$83 and US$140 million. Now why is that significant? , Empire owns over a third of Zeehan Zinc and if those figures turn out to be right, then investors in Empire are looking at an interesting situation. Empire closed at $0.135 on Friday.
On the internet software front companies to look at are WebEx Communications (NASDAQ:WEBX) who has an application that allows for on-demand conferencing, and VeriSign (NASDAQ:VRSN) who is expanding their online music download services called Jamster, with their collaboration with Melodeo, Inc to enhance their digital music platform.
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