The Energy Bill: Here’s Who Wins…

Stocks are lower after traders were disappointed
with Q2 growth.

Q2 advanced GDP rose 3.4%, in-line. The Chicago PMI was 63.5 in July vs. 53.6
in June.

ChevronTexaco
(
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$3.7 billion.

Unocal
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Wendy’s
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Horton’s chain in an IPO. THe company also boosted dividend by 25% and increased
its stock buyback plans.

The $14.5 billion energy bill, expected to be passed by the Senate today, is
considered good for big oil. In particular, these companies may stand to benefit
the most:

ExxonMobil, ConocoPhillips – The bill’s incentive to promote
drilling are mostly in the Gulf of Mexico, and these two companies have a strong
presence there.

Schlumberger, Halliburton: oil service companies

Peabody Energy: with ANWR and California  off limits, coal could
get a boost.

Strong sectors are:    Gold
(
$XAU.X |
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PowerRating) +0.74%   
   Airlines
(
$XAL.X |
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Utilities
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  I

Weak sectors are:      Software
(
$GSO.X |
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(
$XBD.X |
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(
$NWX.X |
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PowerRating) -0.76%

Microstrategy
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buyback.

Mentor
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silicon breast implants. The company reported earnings and missed estimates by a
penny.

Archer Daniels Midland
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Eastman Chemical
(
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EDS
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