The two commodities are in downtrends, which when combined with an economic expansion that is long in the tooth could indicate a recession is on the horizon.
Oil prices -- as well as other energy, transportation and a resolution on tariffs on Chinese goods -- could affect CAT's future.
Servicers can benefit from scenarios at either extreme, unlike energy companies.
Oil is perceived as being an unavoidable loser as long as trade tensions rage.
In addition to the Callon preferreds, I also own Callon's 10/24 senior notes, but not the stock.
Crude oil is hanging around $60 a barrel mid-summer with no real demand uptick coming on.
But trading calls and puts in Amazon requires you to know your risk tolerance big-time.
The best way to play this is via refining sector companies with the best earnings leverage.
Last-hour buying sent the indexes into positive territory, but breadth remained negative, oil-related stocks were brutalized as money flowed into precious metals, bitcoin and bonds.
Let's review the charts.
Petroleum producing nations know supply, but can't figure out demand as U.S. shale, the China trade war and international dealing by Saudi Arabia and Russia come into play.
The recession story off of oil? I am not buying that.
Let's check the latest charts and indicators.
There are a whole lot of forces going on in our country to explain this stubborn resistance by the oil stocks to the moves we used to expect.
Is this the best of all possible worlds? Is it better than expected?
There are four things that are favoring energy stocks right now.
Options enable traders to express their opinions in market pricing without the stress and risk of buying or selling futures contracts outright.
The market is cheering for rates to be cut, but forgets they are being cut on the back of global growth collapsing, which is negative for risk assets.
Recent insider buys in Occidental Petroleum and Flotek Industries during the energy dip may be sign of potential investment opportunities.
Jamie Dimon also expresses concern about the impact of China tariffs and a fresh GDP estimate is at hand.
Contrary to logic, breadth was strong Thursday, bonds rose, metals were bought and even Walt Disney rose by more than 4%.
Product demand remains tepid at best and OPEC has downgraded its oil demand growth for 2019.
It can be enlightening to embrace the idea that no one really knows what will happen next and to approach the market from that standpoint.
Be patient on oil names, as June brings a trifecta of macro events -- the Fed FOMC meeting, OPEC meeting and the all-important G-20 meeting.
My primary way to add some additional 'dry powder' to energy on declines is via buy-write option orders.
Here's how I'm trading the oil and energy markets amid the collateral damage from risk-off sentiment.
3 ways to play United Continental and American Airlines.
It is tough to build a position in this murky market.
No one wants to be fighting the market when that headline appears.
What is undeniable is that the S&P 500 reached an intraday six-month high the morning of May 1, and then began to slide.