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Enter Symbol:
 
Hess Corporation (HES) [hlAlert]

Rating:
Buy HES
down 0.92 %

BusinessWeek: Top Stock Picks for 2010

Posted on: Monday,  Feb 15, 2010  8:30 PM ET by BusinessWeek: Top Stock Picks for 2010

BusinessWeek: Top Stock Picks for 2010 rated Buy Hess Corporation (NYSE: HES) on 12/13/2009, when the stock price was $56.28.
Since then, Hess Corporation has lost 0.92% as of 01/12/2016's recent price of $55.76.
If you would have followed this BusinessWeek: Top Stock Picks for 2010's recommendation on HES, you would have lost 0.92% of your investment in 2221 days.

Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R). The E&P segment explores for, develops, produces, purchases, transports and sells crude oil and natural gas. These exploration and production activities take place principally in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States. The M&R segment manufactures, purchases, transports, trades and markets refined petroleum products, natural gas and electricity. As of December 31, 2008, the Company owned a 50% interest in a refinery joint venture in the United States Virgin Islands, and another refining facility, terminals and retail gasoline stations located on the East Coast of the United States.

For investors, 2009 was a year when hopes of economic recovery sent a wide swath of the stock market higher. Even the market's most troubled companies had shares that doubled, tripled, or even quadrupled their prices. In 2010 the emerging rebound will surely have influence, as Wall Street bets on the direction of the economy, interest rates, and inflation. But next year investors may also benefit from some smart stockpicking. Strong individual results—especially unexpected earnings and sales growth—could help certain stocks stand out from the crowd. Bloomberg BusinessWeek asked experienced investors and market experts for their favorite stock picks of 2010. Not all the 16 stocks featured here will do well—in fact, our experts based their predictions on widely varying outlooks for 2010—but all have the potential to offer shareholders lucrative surprises next year. Click ahead for the diverse group of equities they chose. (Data from Bloomberg and Capital IQ. Sources currently own the stocks they recommend, unless otherwise noted.)
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/13/2009 4:00 PM Buy
None
56.28
as of 12/31/2009
1 Week up  30.27 %
1 Month up  39.74 %
3 Months   
1 YTD up  39.74 %

(*) Stock Price at the time of the recommendation.
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