|Day Low/High||67.51 / 68.42|
|52 Wk Low/High||66.31 / 83.49|
What you have is a geopolitical event that markets were not positioned for.
Also: People's Bank of China, the Fed, U.S./China trade deal, Brexit, USMCA.
The volume histogram shows that trading or turnover has increased since October and that is a bullish sign.
Consensus estimates that show S&P earnings growing at 9.1% on revenue growth of 5.1% fundamentally ignore the changes happening in the U.S. economy.
CVX - and XOM - have just spun their wheels the last few weeks despite strong oil.
The Fed is on pause as far as targeting short term rates goes, and that is how it should be at this time.
Royal Dutch Shell offers over a 6% dividend yield and is in growth mode.
Investing in oil and gas names can be risky, but this well-known company has proven itself in challenging times and offers a growing 5% dividend yield.
Chevron is a safe name in the oil and gas industry -- and offers a 4% yield.
The nation enters an electoral season. The drug companies for the most part, have no friends on either side of the aisle.
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.
One name that investors are cheering today is label and packaging material-maker Avery Dennison.
There are myriad concerns across the energy complex, the most prevalent one centered around declining global growth reducing the demand for energy.
There are several things that bug me right now about this stock.
I railed against it broken-record like for months on end. It's here now, it's hurting the market, and it's only going to get worse.
With Aussie assets up for grabs in touchy industries such as oil and civil engineering, and an agricultural deal in the works, the Australian government faces tough decisions over whether to approval sales to state-owned Chinese buyers.
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.
The drone attacks on Saudi oil operations even could influence the Fed's thinking on inflation and rates.
This weekend's attack on Saudi refineries adds one more variable to bolster prices.
Four ETFs designed around Kevin O'Leary's growth, income and wealth preservation-oriented strategy.
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.
Danielle DiMartino Booth on the large "BBB" bucket (and other issues) : Over the last three months, investment-grade companies have capitalized on falling rates, setting the new issuance market ablaze and inciting large-scale M&A; June and August M&...
OPEC has no idea how much oil prices can fall, but current prices are not acceptable to the organization.