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Friday, January 7, 2011
Diamond Offshore Hiked to Buy at Goldman Sachs; Shares Higher
Goldman Sachs Group, Inc. (NYSE:GS) lifted its rating for Diamond Offshore Drilling, Inc. (NYSE:DO) from Sell to Conviction Buy on Friday. In a note to clients, Goldman Sachs analysts said Diamond Offshore Drilling may see continued gains with international exposure.
Shares of the firm are trading 4.38% higher on the news at $70.24. It has reported $3.4 billion in sales over the past 12 months and is expected to report $3.4 billion in sales in the next fiscal year.
Shares of the firm are trading 4.38% higher on the news at $70.24. It has reported $3.4 billion in sales over the past 12 months and is expected to report $3.4 billion in sales in the next fiscal year.
Dollar Fluctuates As Fewer Jobs Added Than Forecast
Dollar Fluctuates As Fewer Jobs Added Than Forecast
Bloomberg reports that the dollar fluctuated against its major currency counterparts following the U.S. payrolls report that added fewer jobs than economists had forecast.
The euro hit a three-month low against the greenback as Belgian and Irish credit-default swaps reached a record while the cost of insuring Portugal and Italy's debt rose.
The dollar dropped 0.4% to 83.04 yen this morning from 83.33 yen yesterday. It advanced 0.3%, however, to $1.2968 per euro, from $1.3003. It saw its strongest level on September 14, 2010, when it was $1.2936 per euro.
According to JPMorgan Chase analysts, the dollar will fall about 12% to $1.48 per euro and drop 7% to 78 yen by the end of 2011 if the Fed keeps interest rates close to zero and the fiscal deficit remains near a record high.
Bloomberg reports that the dollar fluctuated against its major currency counterparts following the U.S. payrolls report that added fewer jobs than economists had forecast.
The euro hit a three-month low against the greenback as Belgian and Irish credit-default swaps reached a record while the cost of insuring Portugal and Italy's debt rose.
The dollar dropped 0.4% to 83.04 yen this morning from 83.33 yen yesterday. It advanced 0.3%, however, to $1.2968 per euro, from $1.3003. It saw its strongest level on September 14, 2010, when it was $1.2936 per euro.
According to JPMorgan Chase analysts, the dollar will fall about 12% to $1.48 per euro and drop 7% to 78 yen by the end of 2011 if the Fed keeps interest rates close to zero and the fiscal deficit remains near a record high.
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