|Day Low/High||68.08 / 70.11|
|52 Wk Low/High||51.60 / 122.94|
The S&P 500 fell from records on Tuesday as a steep selloff in crude oil prices sent the energy sector lower.
It was a day of wait with investors cautious ahead of a busy Thursday. After wavering between gains and losses, stocks ended slightly higher.
You can't expect a real panic to liquidation to even start until $43 a barrel.
The energy sector rout could get worse in these three big stocks.
The anomalies tell me there is little rationality to the prices of oil and oil service companies right now.
It now looks like CVX could see some traction on the upside.
This trade is predicated on the energy sector improving over the short to intermediate term.
This company is paying its dividend with enough cash left over to develop the next big oil shale play.
The list begins with oil, but there's a ripple effect.
Higher rig count may again be straw that broke oil camel's back.
The market and 10-year Treasury yield are taking disappointing first-quarter GDP number in stride. The Chicago PMI came in stronger than expected and growth should rebound in the second quarter. Consumer spending was weak in first quarter, especiall...
This is what you need to know before the bell
CVX shows considerable support just below the market.
But that doesn't mean the long-term picture for the market has become bullish.
If the supermajors are struggling, the smaller shale independents can hardly be doing better.
Saudi Aramco is gearing up to be the biggest IPO in history, and we're learning more about the banks that could be raking in mega-fees for taking the company public.
This bullishly biased vertical call spread is not for the faint of heart.
Here are some examples of why you should stay on board.