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>>>
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U.S. stocks completed the fourth-annual gain since 2011 on the longest losing streak since the election, while oil and gold posted the best yearly advances since at least that time. The dollar rose for a fourth straight....More>>>
Like the tobacco industry, the oil and gas industry is also undergoing consolidation, and the Fund has benefited from its holding in Baker Hughes, Inc. (NYSE:BHI) (“BHI”). The Fund’s position in BHI was initiated in late 2015 as an arbitrage opportunity when Halliburton Company (“HAL”) bid for BHI, and as a proxy for an anticipated return to growth in the oil services....More>>>
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.
In 1956, geologist M. King Hubbert came up with what seemed to be an accurate prediction of “peak oil”, a theory regarding the maxing out of U.S. oil production that goes back to 1919, using statistical modeling. Hubbert projected that U.S. oil production would peak between 1965 and 1971.
With the onset of the 1973 Arab Oil Embargo and ensuing energy crisis, Hubbert’s theory....More>>>
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>>>
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>>>
New York, NY, based Investment company F&V Capital Management, LLC buys Bank of Americaoration, Medtronic PLC, Vanguard FTSEEuropean, Vanguard FTSE Emerging Markets, iShares MSCI Japan Index Fund, SPDR S&P 500, Freeport-McMoRan, iShares Core S&P Small-Cap, Citigroup, MetLife, sells Mueller Industries, Amgen, Micron Technology, Arrow Electronics, McDonald’s during the 3-months ended....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>>>
Poor Caterpillar (CAT). Everything had been looking up for the company, and then suddenly it wasn’t. Does that make it a perfect time for an upgrade?
Agence France-Presse/Getty Images
Caterpillar had rebounded with the global economy and as part of the Trump trade, helping to push its shares up 25% over the past 12 months. Its shares, however, have dropped 5.3% during....More>>>
Crude oil is breaking down… Prices plunged more than 5% on Wednesday – the biggest one-day decline since February 2016. They fell another 2.5% Thursday to their lowest level since late November. West Texas Intermediate ("WTI") crude – the U.S. benchmark for prices – fell to as low as $49 per barrel on Thursday. Brent crude – the international....More>>>
Royal Dutch Shell plc (NYSE:RDS-B) has a fat yield of around 6.7%. But its long-term debt load has increased by more than 50% in the past year and by nearly 120% since the end of 2014. The oil and natural gas giant is now selling assets to get its stressed balance sheet under control. Although I’m fairly confident it will be able to save its dividend, investors should always question their....More>>>
Apple (NASDAQ:AAPL) made a rare move earlier this month in acknowledging that its 2013 Mac Pro suffered from some fundamental design flaws (mostly around thermal management) that prevented the professional desktop from being regularly upgraded with refreshed specs. Marketing chief Phil Schiller also teased that Apple was planning on introducing iMacs that are more geared toward professional users,....More>>>
On Wednesday, stocks recovered following the worst day overall since October. The gains were led by the technology sector, which in many cases reversed following their worst day of the year on Tuesday.
However, despite the tech rebound, the blue chips lagged pulling the Dow Jones Industrial Average down less than 0.1%. Nike Inc (NYSE:NKE), a Dow component, fell 7.1%, pulled lower by a lackluster....More>>>
On Tuesday, stocks closed mixed with a preference for small-caps as they took gains in some blue chips and big-cap stocks.
Profit-taking started immediately, with a divergence of better-quality stocks being sold. Banks and other financials fell 1.4% at the close, while technology gained 0.9% and consumer discretionary rose 0.5%. Eight of the eleven sectors of the 500 lost ground. From the....More>>>