|Day Low/High||70.73 / 71.58|
|52 Wk Low/High||51.60 / 122.94|
The oil giant that recently was booted from the Dow Jones Industrials catches the eye of this value investor, but he isn't ready to buy yet.
As the global economy returns to normal, CVX's financial results should normalize as well.
Let's look at the Dow Jones' swapping of Exxon for Salesforce, Pfizer for Amgen and Raytheon for Honeywell.
A simple covered call strategy seems appropriate here.
The market's performance in the three months leading up to a presidential election has displayed an uncanny ability to forecast which party will win the White House.
Plus, it could be quite a while before the labor market can absorb all those people who are out of jobs.
Let's check the charts ahead of earnings on Friday.
Even the president has switched sides on this issue that could help flatten the curve and help get the economy rolling again.
Chevron has agreed to acquire Noble Energy for stock. NBL shareholders will receive 0.1191 share of CVX for each share of NBL. The deal was done on a high 20% free cash flow yield (8% unleveraged) - compared to Chevron's 6.5% free cash flow yield (...
Just like Berkshire Hathaway, this energy giant proves how cash-rich companies will make mincemeat of the little guys in an economic downturn.
Noble Energy is being acquired by Chevron - in a deal featured by little in terms of a premium price. It is a statement of how bad things are in the exploration space.
Let's go over the confluence that allowed us to advance after a brief dip down in the morning.
In the search for high-quality dividend stocks, investors might take their cues from legendary value investor Warren Buffett.
Let's check out the charts and indicators.
A big cap dividend producer, a company with the best assets, two larger growth companies, and my favorite, Parsley Energy.
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
The S&P 500 Index Committee has work to do as it decides which companies remain in the index, and that could impact whether some remain Aristocrats.
Let's look at the stocks that will get crushed and that you can't touch right now.
What's really driving the market, what's making the Nasdaq roar? Tech and science, that's what.
The market sold off on Thursday after close as big hitters, including Amazon, reported earnings.
This is a lower probability trade, but with the coiled price action around BA, it wouldn't take much to spring this one to life.
Remember the mantra of the show: to teach, to educate, to explain, to put in context and entertain. I know trading. I was one.
The idea of paying $37 for someone to take a barrel has a lot to do with the malfunctioning of the way oil trades.