2020 has not been a good year to have oil and gas stocks in your portfolio. The one-two punch of the novel coronavirus pandemic and a spring oil price war has littered the industry with bankruptcies. Marathon Oil (NYSE:MRO) isn’t at that stage yet — and its situation is slightly less dire than it was
Month: October 2020
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images The markets are coiling and compressing as they process jarring events and political suspense, with potential energy building up for eventual release. The stock market has been vibrating within a
Trainers have Orca killer whales perform for the crowd during a show at the animal theme park SeaWorld in San Diego. (File photo). Mike Blake | Reuters Check out the companies making headlines in midday trading. SeaWorld Entertainment — SeaWorld shares popped more than 7% after a Credit Suisse analyst upgraded them to outperform from
By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason. Source: Olivier Le
It’s not every day that you hear about a giant petroleum company making a huge bet against oil, yet that’s precisely what integrated energy major BP (NYSE:BP) is doing. It’s a wager that might or might not pan out in a decade or two, but for the time being it’s best to avoid BP stock
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Some people don’t understand that you can actually be a seller of options. They think that you can only buy a put or buy a call, but this is not the case. Just like a car dealer will sell you a car before it’s even in their inventory, you can do the same thing with
Tracey Ryniec and Brian Hamilton look at a luxury hotel and casino operator and a large US home builder. Las Vegas Sands: https://www.zacks.com/stock/quote/LVS?cid=CS-YOUTUBE-FT-VID KB Home: https://www.zacks.com/stock/quote/KBH?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Stocks got off to a hot start on Monday and didn’t slow down much throughout the session. With that in mind, let’s look at a few top stock trades for the rest of the week. Top Stock Trades for Tomorrow No. 1: Square (SQ) Look at how well Square (NYSE:SQ) stock traded from April through
Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. Kevin Dietsch/UPI | Bloomberg | Getty Images Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters Here are the companies making headlines in after-hours trading. Alteryx — Shares of the analytics company soared more
Home décor e-tailer Wayfair (NYSE:W) stock is up more than 240% so far in 2020. But with heavy competition from more established e-commerce names, should investors be taking their profits now from Wayfair stock? Source: Jonathan Weiss / Shutterstock.com Not by a long shot. Wayfair is an up-and-coming name in the e-commerce space. And with
On its face, Intel (NASDAQ:INTC) stock looks like a steal. After all, Intel is one of tech’s greatest and oldest companies. Yet Intel stock trades at some of the lowest multiples in the market. Source: Sundry Photography / Shutterstock.com Indeed, Intel is valued at just 10.8x the consensus earnings-per-share estimate for 2021. Many other chip
CNBC’s Jim Cramer said Monday he thinks the stalemate in coronavirus stimulus discussions could be close to breaking, potentially giving a boost to stocks. “Talks this morning could be fruitful, and I think that therefore I wouldn’t bet against this market right now,” Cramer said on “Squawk on the Street.” House Speaker Nancy Pelosi, D-Calif.,
A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory at the biotechnology company’s headquarters in Tarrytown, New York Mike Segar | Reuters Check out the companies making headlines in midday trading. Regeneron — Shares of the biotech company rose 5.9% after President Donald Trump used
Leading U.S.-based full service residential solar provider Vivint Solar (NYSE:VSLR) is definitely a niche type of company. If you’re not particularly into green energy, then it will be harder to appreciate the outstanding value that comes with VSLR stock. Source: QualityHD / Shutterstock.com On the other hand, you don’t have to have solar panels in
Exxon Mobil (NYSE:XOM) shares are down 52% in 2020. With Exxon Mobil stock now trading at just 21 times forward earnings with a 10.5% dividend, a new debate is raging. Is Exxon one of the highest-yielding blue chip stocks on the market? Or is its 10% yield the bait for the market’s biggest value trap?
So far, 2020 has been a rough year for the vaping industry and vaping stocks. First, the Food and Drug Administration (FDA) moved early this year to issue a ban on many flavored vaping products, including fruit and mind flavors. This decision was made to curb a surge in teen use of vaping products. Then
Demand remains weak- The distillate crack sends a signal Significant production cuts were necessary to balance the market Commodity prices are leaning higher The global economic landscape points to inflationary pressures Crude oil has been trading around its $40 pivot point on nearby NYMEX futures since early June. The price rose steadily from the April
While the novel coronavirus pandemic has been a trying time, many Americans are not letting it dampen their spirits. Instead, they’re refusing to let a “good” crisis go to waste. And an example of this dynamic is the volume surge in the markets. Ordinarily, you’d think that the worst pandemic in modern U.S. history would