Did you know that Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) went skidding into the end of 2017? Some investors may not have noticed the underperformance in Google stock, as it stumbled up to and through the holiday trading periods. On Dec. 18, Alphabet stock leaped to new all-time highs, before d
The time to buy, were often told, is when the blood is running in the streets. But does this nugget of contrarian wisdom apply when, instead of blood in the streets, its oil gushing into the Gulf of Mexico?
Thats the question we should be exploring this week, the seventh anniversary of BPs disastrous 2010 Deepwater Horizon oil spill, which killed 11 people and injured 17 others.
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.
In the 7 years since former parent company Vishay Intertechnology decided to spin off the company to focus on discrete electronics, shares of Vishay Precision Group (VPG) have languished as other high-end industrial companies have seen both profit increases and multiple expansion. But with an activist making headway with the current management, the stock selling at a discount to peers, and the company’s....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>>>
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.
As OPEC meets Wednesday in Vienna, this could be one of its last chances to assert its power before Trump takes office.
“This is really OPEC’s last hurrah to have a real impact on the global market. When Trump comes in, it will be tougher to control prices,” says Phil Flynn, senior energy analyst at PRICE Futures Group in....More>>>
U.S. equities pushed to new records, with large-caps gapping higher at the open to extend above its two-month uptrend channel. Geopolitical events, from a van attack in London to U.S.-Russia tensions in Syria, were largely ignored. Instead, investors piled into big-tech stocks in the wake of Friday’s Amazon.com, Inc. (NASDAQ:AMZN) and Whole Foods Market, Inc. (NASDAQ:WFM) deal,....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>>>
December 8, 2016: Markets opened higher again Thursday after another record-setting day in U.S. markets. Financial and basic materials stocks are trading highest among the 11 S&P sectors while industrials and consumer staples lag. Financials have been on a tear, partly because everyone expects a Fed policy rate hike next week. Is it already priced in? WTI crude oil for January delivery settled....More>>>
When it comes to safe stocks, there may be none safer than healthcare conglomerate Johnson & Johnson (NYSE:JNJ). Johnson & Johnson is often a staple holding for income seekers, conservative investors, and even value investors. It has a 54-year streak of increasing its dividend payout, which should almost certainly become 55 years come April, and it’s one of two remaining publicly listed....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>>>
A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt clampdown.
Major offshore drilling stocks have had a great start to this year. Rowan (RDC), Diamond Offshore (DO), Transocean (RIG), Ensco (ESV), and Noble Corp. (NE) have all increased in price. The main driver for this price increase was the upside in oil prices. Brent oil (BNO) is now close to the psych
Google's (GOOGL) (NASDAQ:GOOG) stock has surged over the last year, gaining approximately 37%. Even though this has occurred, Google's forward PEG of 1.63x is still attractive for such a remarkable company and brand. I believe there remains additional upside for the stock given the fol