After an awful start to 2020, oil is finally showing some spark, which is just what they need over at ExxonMobil (NYSE:XOM). Now sure, Exxon Mobil stock is till down 32% year-to-date, but crude oil prices have recovered from their bizarre run below $0, and hit $40 per barrel recently. Source: Jonathan Weiss / Shutterstock.com
Month: June 2020
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[Editor’s Note: “5 Bank Stocks to Buy Now Because This Isn’t 2008 Again” was originally published in March 2020. It has since been updated to include the most relevant information.] When the economy slips into a recession and the stock market tanks, investors are naturally inclined to sell bank stocks. After all, during the last
[Editor’s Note: “30 Stocks on a Deathwatch” was originally published in March 2020. It is regularly updated to include the most relevant information.] If you looked at roughly the first half of June, you would have every reason to believe that the economy was on a clear recovery path. First, the May jobs report unexpectedly
The former top securities regulator for the United States said Tuesday that policymakers never considered there would be a market for bankrupt companies like Hertz to issue new stock and that, if things went poorly, investment banks could be on the hook. Harvey Pitt, who served as chairman of the Securities and Exchange Commission under
Guests look over pistols in the Smith & Wesson booth at the 148th NRA Annual Meetings & Exhibits on April 27, 2019 in Indianapolis, Indiana. Scott Olson | Getty Images Check out the companies making headlines after the bell. Hertz — The car rental company’s stock fell about 2% in extended trading after the bankrupt
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It was a sluggish day in the markets, as investors turn their attention to Friday — which is a quad-witching day. It’s one of four events this year, as we get a shuffling of various index, options and futures contract rolls. And despite what could be a bumpy Friday morning, let’s look at a few
Hydrogen technology has been around for over 20 years. But it’s always been too complicated, too expensive, too “something” to become a viable source of renewable energy. And that’s made it hard for all but the truest of true believers to get excited about investing in hydrogen stocks. That’s because while hydrogen is a source
As volatility once again increases in broader markets, investors are wondering what may be next for energy companies like Marathon Oil (NYSE:MRO). Year-to-date, MRO stock is down over 50%, hovering at $6.7. Source: IgorGolovniov / Shutterstock.com Today, I’ll discuss what investors may expect from Houston-based petroleum and gas exploration and production company shares. The oil price environment
Source: Robinhood On the small yellow sticky note that 20-year-old Alex Kearns left on his bedroom door was an ominous message saying to turn on the computer. Daniel Kearns powered up his son’s laptop in their home in Naperville, Ilinois. Within seconds, a four-paragraph letter flashed on the screen. “If you’re reading this, then I
Take a look at some of the biggest movers in the premarket: Kroger (KR) – The supermarket chain reported quarterly earnings of $1.22 per share, beating the consensus estimate of $1.09 a share, with revenue above estimates as well. Kroger said it expects to exceed the outlook it issued April 1. Carnival (CCL) – The
It’s been a tough start to the month for the silver producers, with the Silver Miners ETF (SIL) diving 10% for June, helping to cool off the speculative activity in smaller names we saw last month. Meanwhile, silver (SLV) has held up reasonably well, given that it gained 55% in 50 trading days and has been giving up ground
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Stocks were mixed on Wednesday, as bulls cautiously bid stocks higher for a while, but struggled to hold those gains through to the close. With that in mind, let’s look at a few top stock trades from a relatively quiet trading session. Top Stock Trades for Tomorrow No. 1: Amazon (AMZN) Amazon (NASDAQ:AMZN) continues to
[Editor’s note: “The 8 Best Cash Cow Stocks to Buy for Stable Returns” was previously published in November 2019. It has since been updated to include the most relevant information available.] As the markets digest a series of positive news, first with the May jobs report and later with robust retail sales, you may be tempted
It has been nothing but turbulence for United Airlines (NASDAQ:UAL) in recent weeks. Whenever United Airlines stock gets a tailwind behind it, it gets hit with yet another hailstorm of market volatility that pushes its share price lower. Source: NextNewMedia / Shutterstock.com The latest drop in the price of United Airlines stock came after the
Klaus Vedfelt Digital banks like Chime and Square’s Cash App have added millions of users by offering streamlined, mobile-first accounts without the pesky fees associated with brick-and-mortar banks. To that list of disruptors, add the New York-based start-up Current. Current, founded in 2015 by former Wall Street trader Stuart Sopp, has offered fee-free mobile checking
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Check out the companies making headlines after the bell. Hertz — Shares of the car rental company whipsawed and fell 4% in extended trading after the company
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