Venezuela is a “Potemkin Economy,” meaning that it depends almost entirely on one industry to keep its Economic Ecosystem alive. The same goes for Russia, a nation that struggles since the energy crisis shocked the World. Two months right after oil and gas prices plummeted, sanctions were imposed, a situation that reduced Russia’s survival ratio even more. But in the end,....More>>>
Investment company Newport Trust Co buys CBS Corp, DTE Energy Co, Entercom Communications Corp, sells United Technologies Corp, TrueBlue Inc during the 3-months ended 2018-03-31, according to the most recent filings of the investment company, Newport Trust Co. As of 2018-03-31, Newport Trust Co owns 48 stocks with a total value of $35.5 billion. These are the details of the buys and sells.
Stocks fought off weakness to end marginally higher on Tuesday as energy shares rebounded in concert with oil prices. But market sentiment remained cautious ahead of a meeting later this week between President Donald Trump and his Chinese counterpart Xi Jinping.
Investors also are awaiting Fridays jobs report.
The S&P 500 index
A new report by MassMutual raises questions about the current effectiveness of retirement savings initiatives and programs in the United States, as the overwhelming majority of respondents, roughly 72 percent, agreed that they are not saving enough for retirement. This is alarming, but not all that surprising. Many Americans struggle to meet their current expenses and needs, let alone save for the....More>>>
Oil prices took a turn lower on Friday on worries over record U.S. oil production, and after a major energy watchdog predicted shale producers would help drive production to levels not seen since the 1970s.
February West Texas Intermediate oil
April 25, 2018: Markets opened slightly lower Wednesday and it did not appear that anything would turn that around. But turn they did in the early afternoon despite the 10-year Treasury yield topping 3% and stronger dollar. Maybe is was a couple of good earnings reports plus a few biggies after today’s close — like, Facebook and Ford, for example.
Equity indexes traded very near....More>>>
Oil prices steadied on Thursday, on the heels of a 2% plunge that came after data showed U.S. oil production hit a new weekly record.
The stabilization in crude prices came as a sense of calm appeared to be returning to global equity markets. The resignation of top White House economic adviser Gary Cohn late Tuesday fueled concerns about a trade war and spiked a selloff for perceived riskier....More>>>
Eni (E) is an Italian multinational oil and gas company headquartered in Rome. With a $60 billion market cap, Eni is considered one of the global oil and gas super majors. Despite being a super major, Eni has had a difficult time since the start of the oil crash. However, the company’s impressive assets compared with the company’s respectable dividend yield make the company, as we will....More>>>
Oil prices were falling back Thursday off three-year highs hit in the prior trading session amid political tensions in the Middle East, but analysts are generally optimistic about stocks in the space, meaning Thursday’s dip could represent a buying opportunity.
Both West Texas Intermediate crude and global benchmark Brent crude prices were down slightly Thursday to $66.57....More>>>
Boston, MA, based Investment company Woodstock Corp buys Enbridge, Versartis, Analog Devices, FibroGen, Cedar Fair LP, Axovant Sciences, Aratana Therapeutics, Vanguard FTSE All World Ex US, iShares Core S&P Small-Cap, Iron Mountain, sells Spectra Energy, F5 Networks, Stericycle, Linear Technology, The Hain Celestial Group during the 3-months ended 2017-03-31, according to the most recent filings....More>>>
Last week, Bloomberg New Energy Finance (BNEF) released its latest long-term forecast for the electric vehicle (EV) marketplace. The analysts are forecasting that sales of light-duty vehicles (passenger cars, pickups, and SUV/crossovers) will rise from around 1% in 2016 to 54% of all vehicle sales by 2040. By that time, one-third of the entire global fleet will be electrified.
Is it time to buy the best energy companies? Maybe yes, maybe not. I imagine the price of oil will back and fill for a few more months. You never know. But two things we do know:
(1) America will still need more oil and gas than it did last year, which was more than the year before, and that consumption was still higher than the preceding year, and
(2) The Permian Basin of west Texas....More>>>
Crude futures gained traction on Friday, driven by a weaker U.S. dollar and signs of the market tightening after major oil producers agreed to cut output.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February
Source: ThinkstockAugust 2, 2017: The S&P 500 closed relatively flat at 2,477.51. The DJIA closed up 0.2% at 22,016.04. Separately, the Nasdaq closed relatively flat at 6,362.65.
Wednesdays session saw the Dow hit a new all-time high almost solely on the back of Apple, which had a gain of more than 5% on the day. Although Apple did not make the biggest percentage gain in the S&P 500....More>>>
While 2016 gave commodities a big lift, I think that investors should continue to own at least some commodity-related stocks, explains Stephen Leeb, editor of The Complete Investor.
The relationship between oil and most other commodities is strong, with oil for many reasons being an important factor in the price of most base metals.
Very little has changed in the last year....More>>>