|Day Low/High||115.42 / 120.76|
|52 Wk Low/High||56.13 / 131.75|
Chances are that global monetary policy tightens considerably this week and that the U.S. will not be the primary driver.
Let's see why the rally can keep going for oil and natural gas and look at that striking Diamondback Energy buyback.
It must be pointed out that earnings have been better than excellent, but calendar year 2022 expectations have been dropping.
Peak says sell now or forever hold your peace because you can only go down from here.
The choice is clear among large-cap producers that have been outperforming.
I am going to tell you that there is no possible way that higher taxes are helpful from the market's perspective.
Let's review this Archegos drama and some lessons from this fickle market.
Investors have made up their minds what's a reopening trade and what isn't and there's nothing anyone can do to change their minds.
Following on those bullish sentiment indicators, here's a short list of stock upgrades Friday morning: AutoZone upgraded to Buy from Hold at Jefferies; Price target $1325 Cognizant Tech upgraded to Overweight from Neutral at JP Morgan; Price target...
A big cap dividend producer, a company with the best assets, two larger growth companies, and my favorite, Parsley Energy.
I know that some funds actually lost their whole year or worse, because they stayed short and were forced to cover these shorts.
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.
This is a big selling opportunity in the European oil majors.
The U.S. energy sector is the heart and soul of the U.S. economy. The next few weeks will be critical.
As Chinese factories move back to production and with other stimulus in place, the oil sector is increasingly attractive, but be selective.
Shale producers have only one choice now -- to be capital disciplined.
The oil market has been hurt by increasing supply from U.S. shale, despite Iranian and Venezuelan oil sanctions and prices propped up by OPEC+.
Caterpillar is a prime example.
Investors must understand that the narrative around trade with China has evolved as the two sides work on a 'Phase One' mini-trade deal, but this is about much more than that.
There are several things that bug me right now about this stock.
The uptrend that technicians would have confirmed as late as last Wednesday, or even Thursday around mid-day, is now clearly a market in correction.
What I see from 10,000 feet above... in the age of suddenly profitable fuel as cargo, are the railroads.
In a market full of noise it pays to focus on individual fundamentals. One of my favorite phrases is 'cash flow never lies.'
Financial advisors are usually referring to buying stocks and ETFs that have relatively high covariances in performance with the S&P 500.
It might be time to examine some possible oil peers to poach.