It’s another up-and-down day as investors try to weigh what seems to be a strong U.S. economy and weakening global economy. This of course, makes it tough to bid up stocks to new highs, but at the same time, it’s hard to sell U.S. equities when it’s the best house in the neighb
Shares of energy stocks, including ExxonMobil (XOM), Chevron (CVX), Whiting Petroleum (WLL), and Devon Energy (DVN), are surging on reports that OPEC has agreed to to limit the amount of oil its members produce. Bloomberg’s Nayla Razzouk, Grant Smith, and Angelina Rascouet report:
OPEC agreed to cut production for the first time in eight years, according to....More>>>
Mexico is trying to lure as much oil investment as possible before the president who overhauled the country’s energy industry leaves.
By the end of the summer, the country that until recently had a state monopoly on crude will have offered more than 100 permits to oil majors like Exxon Mobil Corp. in three auctions this year. The last bidding round, announced on Wednesday, will cover....More>>>
General Electric Co. (NYSE: GE) stock posted a gain of about 0.7% last week, much better than the 4.5% loss of the prior week, but still not good enough to shake the company’s ranking as the worst performing Dow Jones industrial average stock for the year to date.
GE shares have lost about 13.8% of their value in 2018 and have fallen just over 50% during the past 12 months. The second-worst....More>>>
Source: ThinkstockNovember 16, 2017: The S&P 500 closed up 0.8% at 2,585.67. The DJIA closed up 0.8% at 23,458.29. Separately, the Nasdaq was up 1.3% at 6,793.29.
Thursday was an incredible day for the U.S. broad markets, breaking a two day slide. Overall, this massive win was propelled even higher by the House passing its Tax bill. Crude oil couldn’t make up its mind on the day and....More>>>
For investors struggling to handicap whether U.S. President Donald Trump will stomach a full-blown trade war, some analysts boil the risks down to this: The dollar stands to lose.
Greenback bulls should enjoy the currency’s seven-week rally while they can, say Goldman Sachs Group Inc. and Deutsche Bank AG. Should a spiral of retaliatory tariffs ensue, the threat is diminished global....More>>>
Macquarie Group Ltd. lifted its stake in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 1,033,966 shares of the business services provider’s stock after purchasing an additional 2,161 shares during the quarter. Macquarie Group Ltd.’s holdings in Core-Mark were worth $23,471,000 as of its most recent SEC filing.....More>>>
Egypt is normally one of the more stable Arab countries in the Middle East. That idea seemed to come apart a few years ago. But now it appears the period of instability has ended. That is good news for Transglobe Energy (TGA). Transglobe has been doing business in Egypt for 20 years. Recently the company also purchased some leases in Canada to diversify. Business is booming with the rising oil and....More>>>
Marathon Oil Corporation (NYSE:MRO) has gone through some very tough times. Like many other small E&P companies that have struggled during the oil price crash, MRO has had to sell off non-core assets, cut expenses, and focus on higher margin operations. But MRO stock could turn it around.
Indeed, times have been really challenging for MRO, in which revenues were cut by almost two-thirds....More>>>
It is not uncommon for markets to sell-off after big gains. It seemed as though every market participant was just begging for a pullback in late 2017 and early 2018. But now that a sell-off has been seen it’s the same thing that always happens — investors freeze up, because it could be the end of the great bull market.
The current bull market turned 9 years old in March. The difference....More>>>
After months of political uncertainty, the American economy is somewhat back on track now. The second estimate for GDP shows that the U.S. economy grew 3.2% in the third quarter, faring better than the first estimate of 2.9% and the second quarter’s 1.4%.
Moreover, inflation is edging toward the desired 2% while the job market is looking up. These factors set the stage for an interest....More>>>
Zacks Investment Research upgraded shares of Praxair (NYSE:PX) from a hold rating to a buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $184.00 price target on the basic materials company’s stock.
According to Zacks, “Praxair is expected to gain from strong backlog, new order wins and recovery in the energy and industrial....More>>>
U.S. equities climbed higher on Monday in a continuation of the easy, low volatility conditions that have dominated over the past three months. Large-cap stocks, as measured by the S&P 500, closed above the 2,400 level for the first time, bagging another high.
In the end, the Dow Jones Industrial Average gained 0.4%, the S&P wafted up 0.5%, the Nasdaq Composite added 0.5%....More>>>