Watch Job Data for Impact : Dave's Daily

Jobless Claims followed by retail sales and Michigan consumer sentiment will have an impact on the markets.This issue of Dave's Daily also discusses Citigroup, Google, Cisco and biotech ETFs.

Crude Oil Settles Above $82

Crude oil for April delivery settled 60 cents, or 0.7% higher at $82.09 a barrel after a promising government inventory report.

Glencore forecasts bumpy year as profits fall

World's largest commodities trader unveils a 42% per cent fall in its profits last year, but said rising commodities prices has lifted its profitability in the second half
Read more [Financial Times Energy News]

Why Wind Is a Better Buy Than Solar (Part 2)

JPMorgan signals a shift in its approach to renewable energy investing, embracing wind to the exclusion of more popular solar stocks.

Evergreen Solar: Know When to Hold

Evergreen Solar shares rally after alternative energy analysts say the solar company deserves a chance to prove it can stave off bankruptcy.

Crude Up on Lighter Supply Build

Crude oil for April delivery was adding $1.32 to $82.81 a barrel soon after the release of government inventory figures.

ETFs for Amped Energy Appetite

As the world's appetite for energy grows, there are plenty of ways investors can cash in on the sector.

Why Wind Is a Better Buy Than Solar (Part 1)

On Monday, JPMorgan made a tectonic shift in its approach to renewable energy investing, focusing on wind and turning away from solar. In the first of a two-part Q&A, we sit down with JPMorgan's alternative energy analyst to shed some light on JPMorgan's total eclipse of the sun.

ReneSola Margins Down, Sees Rebound

Another solar earnings, another series of mixed signals, as ReneSola beats the street on revenues but continues to disappoint on margin levels.

Oil Discovery a Game Changer

NEW YORK (TheStreet) - - Energy XXI CEO John Schiller calls the Davy Jones oil discovery in the Gulf - a game changer.

Tullow nears Uganda tie-up with Total and Cnooc

FTSE 100 oil group upgrades forecasts for Ghana project as it reports sharp fall in pre-tax profits due to lower production volumes and falling commodity prices
Read more [Financial Times Energy News]

Eon tones down outlook for 2010

World's largest utility by sales gives a muted outlook for 2010 earnings as the economic crisis hits energy prices and demand
Read more [Financial Times Energy News]

Multi Strategy Performance February 2010

Multi-Strategy Funds in February Multi-Strategy Hedge Funds Beat Market in February The S&P Stock Index outperformed hedge funds last month, posting a 3% return compared to hedge funds' gaining less than 1%.  Those hedge funds that beat the market were typically multi-strategy.  It seems that funds with a very narrow focus have tended to struggle in the first two months of 2010 while many multi-strategy funds have continued last year's exceptional performance.
Daniel Loeb's Third Point Offshore fund was up 3.2% for February and 6.9% for the year through February, according to HSBC Private Bank; the fund is multi-strategy. And Brett Barakett's multi-strategy Tremblant Partners fund--which gained almost 30% in 2009--was up 4.6% net of fees for the year through March 5, thanks to a very strong February, according to a letter sent to investors last week. A multi-strategy fund run by BlueCrest Capital Management LLP's Michael Platt was up 1.1% during February, and is now up 4.5% for the year, according to HSBC. BlueCrest's fund invests in many different instruments, including fixed income, while Tremblant and Third Point both invest primarily in global equities.

If there's a general theme emerging for hedge funds in 2010, it's that multi-strategy funds like Loeb's and Barakett's rode their diversity to gains, while funds with more narrow focuses, like energy or emerging markets, have, along with the markets they invest in, struggled.  SourceRelated to: Multi-Strategy Performance February 2010

• Hedge Fund Tracker Tool
• Fund Marketing and Sales Advice
• Top Hedge Fund Managers
• Free Online Hedge Fund Videos
• Careers & Employment Guide
• Hedge Fund Holdings & Securities Analysis
• Hedge Fund Terminology
  
• Geographical Guides
• Hedge Fund Startup Tools

Hedge Funds Favorite Currency

Hedge Funds Favorite Currency Survey Shows Dollar is Favorite Currency of Hedge FundsA recent survey finds that the dollar is the favorite currency of hedge fund managers while sterling is the least favored currency.  57% of participating traders and hedge fund managers claimed the dollar as their favored currency bet, with the Brazilian real and Australian dollar trailing far behind in second place. One explanation for why funds prefer the dollar is that it is seen as a safe currency during economic turmoil and some managers are concerned that the economy may take a second dip.
Sterling enjoys the support of just 3% of respondents, according to the study, which was conducted in February. Respondents to the monthly survey hold an average of $113 million in assets under management.
Managers who are bullish on the dollar do not generally believe that interest rates are set to rise significantly, the survey found. Instead, their preference for the U.S. currency could be based on its tendency to climb in times of economic stress. "Managers who expect the global economy to double dip are likely to be bearish on rates and bullish on the U.S. dollar because of its safe-haven status," the report said. Two-thirds of fund managers expect the Greek debt crisis to spread to other euro-zone countries. Some 15% think that this will lead to the eventual breakup of the euro.  Source
Related to: Hedge Funds Favorite Currency

• Hedge Fund Tracker Tool
• Fund Marketing and Sales Advice
• Top Hedge Fund Managers
• Free Online Hedge Fund Videos
• Careers & Employment Guide
• Hedge Fund Holdings & Securities Analysis
• Hedge Fund Terminology
  
• Geographical Guides
• Hedge Fund Startup Tools

Gas prices’ run likely won’t top $3 a gallon

As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
Read more [MSNBC Oil & Energy]

Crude Oil Settles Above $81; Weak Supply

Crude oil futures slumped Tuesday, trading in a tight range before settling ahead of weak weekly inventory data.

MEMC Building World's Largest Solar Plant?

MEMC Electronic Materials says it is building the largest solar plant in the world, in Italy.

MEMC Building World's Largest Solar Plant?

MEMC Electronic Materials says it is building the largest solar plant in the world, in Italy.

Cramer: Grab Chevron under $70

NEW YORK (TheStreet) - - Jim Cramer recently trimmed his position in Chevron, but explains why he'd jump back in under $70.

Crude Oil Trying to Hold Above $80

The April crude contract recently dipped 15 cents to $81.72 a barrel, paring its losses since the price approached $80 earlier in the session.