Contango took NYMEX futures into negative territory on April 20 The price came a long way in a little over one month Contango has narrowed- Lots of profits for the cash and carry crowd In the world of commodities, contango occurs when the price for deferred delivery of a commodity is higher than nearby delivery.
Month: June 2020
Let me start by saying that FANG stocks — Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) — are always ones to buy especially on dips. The only problem is that the stock prices of this well-known bunch is out of this world. Instead of suffering during the Covid-19 crisis, they thrived. The
Describing just how bad things are for Chesapeake Energy (NYSE:CHK) isn’t difficult, and it’s even doable over short time frames. For the month ending May 28, CHK stock is off more than 54%. To put that in context, the Energy Select Sector SPDR ETF (NYSEARCA:XLE) is higher by 7.6%. Source: Casimiro PT / Shutterstock.com There was
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Shares of law enforcement supplier Axon Enterprise spiked more than 9% in premarket trading after protests against police brutality turned violent in many cities across the country. Axon, formerly known as Taser International, sells electrical weapons and body cameras for law enforcement officers. The stock’s jump
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker began testing a Covid-19 experimental treatment derived from the blood of a survivor of the disease. It is the first study involving this type of drug, and comes about a month earlier than expected and ahead of
Fortunes of oil majors are in general linked to the price of crude. As we enter June, investors are wondering if they should buy Exxon Mobil (NYSE:XOM) stock now. Before you make a decision, it is important to look at the fundamental drivers behind the XOM share price. Source: Michael Gordon / Shutterstock.com So far the
Alibaba (NYSE:BABA) stock investors just can’t seem to catch a break. Between the trade war, the novel coronavirus and now fears over a potential U.S. delisting, the stock has been bombarded with negative headlines over and over. Source: Kevin Chen Photography / Shutterstock.com None of these headlines have anything directly to do with the company
Halliburton (NYSE:HAL), the oilfield services company once run by former vice president Dick Cheney, is in deep trouble. A reported loss of $1 billion, $1.16 per share, on revenue of $5 billion during the March quarter is just part of of the problem for Halliburton stock. While domestic activity dropped 25% during that quarter, the
People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Here are the companies making headlines in midday trading: HP Inc. — Shares of the tech company plunged more than 11% after it reported lower-than-expected revenue for