|Day Low/High||15.59 / 16.13|
|52 Wk Low/High||15.51 / 40.08|
When an issue this big comes to market, institutions and fund managers make room in their portfolio ahead of the IPO. This means oil names will be a source of shorts in any portfolio.
You have to realize that when you have billions of dollars of stock out there without a natural home you are going to get pressure on this market.
If there was not a sizable addressable market for Beyond Meat, the competition would not be building as quickly as it is.
Dow chemicals are finding a bottom, higher-yielding stocks are trading well, macro is improving and the consumer is getting stronger.
Right now, AbbVie is the best way to capitalize on the moment and on the future.
Wise investors should stick with those equities and stay away from high-yielders with no protection, like the MLPs.
How much has central bankers' environment been impacted externally? We will see.
Chevron and Exxon Mobil appear more attractive than this stock right now, and the oil sector as a whole should be watched for at least the next couple days.
Remember that 'gaps always fill,' and while I would avoid entering the name on Monday if you haven't already, here's how and why to look for a way in at the right time.
The stock price was already moving up ahead of this supply shock.
The drone attacks on Saudi oil operations even could influence the Fed's thinking on inflation and rates.
The problem with the oil market is not one of supply, it is one of demand.
Should competitors act in a way that puts the U.S. economy at a disadvantage, then by all means the FOMC must act with a level of anger that intimidates.
Market participants are beginning to recognize that there's no stopping the avalanche in selling of the expensive stocks to buy the cheaper stocks like AT&T.
About the upcoming U.S./China talks, call me skeptical, but I trade the environment, and not my starchy views on what is versus what should be.
OPEC has no idea how much oil prices can fall, but current prices are not acceptable to the organization.
Algos think short term, autopilot is not the best way to invest for the long term, especially when it goes against Warren Buffett.
Oddly enough with a stronger U.S. dollar (the U.S. Dollar Index has been above 98 all afternoon), both gold and WTI Crude remain up for the day, even if off lows. The Energy sector, by the way, is today's underachiever, eleventh out of eleven sector...
But trading calls and puts in Amazon requires you to know your risk tolerance big-time.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Let's check the latest charts and indicators.
Jamie Dimon also expresses concern about the impact of China tariffs and a fresh GDP estimate is at hand.
Leave this market? Damned if you do and damned if you don't.
Putting the BLS nonfarm payrolls into perspective, and how I am thinking about Planet Fitness after earnings.
We also dissect the S&P 500's record run, check out China's latest economic data and take a skeptical glance at an idea floated by a couple Fed officials.
For those willing to play the oil services game, SLB is the better long position going forward than HAL.