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Energy Stocks Lose Steam

Posted by inthemoneystocks on June 21st, 2012

The energy stocks are one of the weaker industry groups today. This important sector is trading lower as the price of oil continues to fall. Traders can easily see that the United States Oil Fund (NYSEARCA:USO) is trading lower by 0.45 cents to $30.04 a share. This is a new four month low for the popular oil ETF.    ....

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Today, the United States Oil Fund (NYSEARCA:USO) rebounded higher after a sharp sell off from May 2, 2012. At that time in May, the USO was trading around the $40.00 level. This afternoon, the USO is trading higher by 0.30 cents to $31.73 a share. The daily chart of USO will usually trade inverse to the U.S. Dollar Index.

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PanGeo Subsea Inc. (PanGeo) and Global Geophysical Services Inc (NYSE:GGS), two leading geophysical service and technology providers, announced that they have entered into an agreement for the development and commercialization of the Acoustic Zoom(R) product line.

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Cleantech Transit Inc. (CLNO)

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Cleantech Transit Inc (CLNO)

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American Greetings Corp (NYSE:AM) will release its fiscal 2012 second quarter results on Tuesday, September 27, 2011 and will webcast its conference call at 9:00 a.m. ET that same day.

American Greetings Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of greeting cards and other social expression products worldwide.

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InvestorIdeas.com, a global investor research portal for independent investors, issues Wednesday’s investor idea, energy stocks. Globally energy shares saw gains early this week as European stocks closed higher Monday with energy stocks a notable leader, Australian markets were up with finance and energy stocks as top performers.

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