Steve Sjuggerud has been keeping close tabs on oil prices… In recent months, Steve has highlighted several bearish signs for crude oil, including extreme sentiment among oil speculators and persistently bullish behavior in energy stocks. This week, he shared another. As he wrote in his latest True Wealth Systems Review of Market Extremes… Oil prices....More>>>
Transocean (RIG)tumbled to the bottom of the S&P 500 today as the entire energy sector got crushed on fears that production would start to grow.
Agence France-Presse/Getty Images
Transocean dropped 7% to $13.85 today, while the S&P 500 fell 0.6% to2,280.90. The Energy Select Sector SPDR ETF (XLE) dropped 1.9% to$72.85. The price of oil fell 1% to$52.63 a barrel.
Two companies completed initial public offerings (IPOs) last week and another four are on the calendar for this week, including the first of an expected slew of billion dollar offerings.
Industrial Logistics Properties Trust (NASDAQ: ILPT) raised $480 million last week, selling 20 million shares at $24, well below the expected range of $28 to $31. Shares lost 2.7% on the Friday IPO.
SAUSALITO, Calif. Maurizio Reggiani, the director of research and development for storied Italian supercar builder Lamborghini, takes in the knife-edge lines of his latest creation, the $275,000 Huracan Performante. He is pleased.
“This car represents so much of what we are,” says Reggiani, who joined CEO Stefano Domenicali for a breakfast interview with USA TODAY Tuesday. “We....More>>>
Toward the end of trading Monday, the Dow traded down 0.01 percent to 21,674.02 while the NASDAQ declined 0.25 percent to 6,201.16. The S&P also fell, dropping 0.02 percent to 2,425.16.
Leading and Lagging Sectors
Monday afternoon, the non-cyclical consumer goods & services shares climbed by 0.75 percent.
In trading on Monday, energy shares fell by 0.59 percent. Meanwhile,....More>>>
U.S. equities finished mixed in trading on Monday, with all the excitement centered on Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) as the two tech giants pushed the Nasdaq Composite to another new record high. This was the 13th gain for the index out of the 15 trading days so far this month — a melt-up on a scale not seen since February.
What will be interesting....More>>>
Rowan (NYSE:RDC) is the first offshore drilling company to publish its fleet status report this earnings season. The report gives us a peak at what is going on in the industry. Here are the main changes that I noticed in the report:
1. Cobalt (NYSE:CIE) elected to pay $96 million in order to end the contract of the drillship Rowan Reliance. This is hardly news as the termination sum has been....More>>>
31 Worst Paying College Majors: 2017
30 Best Paying College Majors: 2017
Distributions Out of a Cash Value Life Insurance Policy
The growth in smart beta strategies is accelerating at a rapid pace, according to a new report from FTSE Russell.
Allocations to smart beta strategies reached a new peak of 46% of global asset owners, up from 36% last year – an increase....More>>>
Dr. Kent Moors
My wife, Marina, and I are headed to Paris to present to a group of major energy investors.
Unfortunately, in what is becoming an all-too-frequent scenario, a major development upon my departure has completely revised the risk management discussion I planned on presenting.
This time, the change in the agenda comes from the International Swaps and....More>>>
Gasoline futures soared Monday as Tropical Storm Harvey continued to wreak havoc on Texas, knocking major Gulf Coast refineries out of action.
And while the storm is also expected to curtail offshore crude oil production in the Gulf of Mexico, crude futures are under pressure. Thats because the supply impact is more than offset by the hit to demand for crude by the refinery shutdowns.
2016 was a surprising year… It was the eighth year of this bull market. But that didn't slow things down. U.S. stocks jumped 12%. Oil prices soared by 45%. And gold had a wild ride, eventually ending the year up 9%. With all that happening, you might have missed the major boom that happened in our neighbor to the north… Canada. Canadian stocks had a....More>>>
Are you hoping to enjoy the good life during retirement, or at least not spend your golden years worrying about how to pay for food and medicine?
Well, the bad news is Americans are woefully behind on saving for retirement. The good news is, you don’t have to be one of the millions of retirees struggling to live on a bare bones budget.
By following just five steps, you’ll....More>>>
March 20, 2017: Markets opened slightly lower Monday and traded close to the break-even line all day. Leading indicators and consumer sentiment readings were both strong. Only the materials sector traded high late in the afternoon while energy and utilities were the laggards. The blue chips were performing best. WTI crude oil for April delivery settled at $48.22 a barrel, down 1.2% on the day. April....More>>>
U.S. equities climbed higher on Tuesday as traders returned after the long holiday weekend and looked ahead to what 2017 will bring. Good things apparently, as prices rose to break a three-day losing streak and once again put 20,000 in play.
In the end, the Dow Jones Industrial Average gained 0.6%, the S&P 500 gained 0.9%, the Nasdaq Composite wafted up 0.9% and the Russell 2000....More>>>
As Texas considers a “bathroom bill” aimed at transgender individuals, top executives have sent a clear message to the state’s governor: We oppose it.
On Monday, more than 50 business leaders from the Houston area sent a letter to Gov. Greg Abbott, a Republican, asking him to “avoid any actions, including the passage of any ‘bathroom bill,’ that would....More>>>