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Stock impact report

Bullish strategist provides ‘fresh money buy list’ of top stock picks [Toronto Globe and Mail (Ontario, Canada)]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Bullish strategist provides ‘fresh money buy list’ of top stock picks Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow The Financial Times described the trend of “fallen angels” – corporate bonds downgraded from investment grade to junk status – which is a much bigger threat to Canadian equities portfolios than many investors see, “Some [institutional] investors are bound by requirements to hold only higher rated debt, as exemplified by Western Asset, one of the biggest bond managers in the US. Western has sought to avoid a fire sale by requesting more time to sell bonds issued by Occidental Petroleum, after the oil company was cut to junk last month … A record $90bn of debt fell to junk status in March, according to Deutsche Bank analysts. BofA warns that the total for the year could reach $200bn … Finding buyers for fallen angels could be challenging. The $6.7tn investment-grade bond market is far larger than the $1.2tn high-yield Show less Read more
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