13.12 +0.04 (0.31%)
Pre-Market: 7:33AM EDT
|Bid||0.00 x 306100|
|Ask||0.00 x 300400|
|Day's Range||13.03 - 13.26|
|52 Week Range||9.23 - 16.24|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||2.04|
|Expense Ratio (net)||0.73%|
Brent crude is on its way to log its first gain in three weeks on the Middle East crisis. This prospect has bolstered these high-yielding MLP ETFs.
Even though they’ve been around since the early 1990s, Exchange-Traded Funds (ETFs) only started to gain real traction a decade ago. In the aftermath of the financial crisis, many investors moved into ETFs as a way of minimizing their risk and being able to control their portfolios easily. Another use of ETFs, by contrast, is […]
At least four separate oil vessels, two of which belong to Saudi Arabia, came under attack in the Gulf of Oman near the United Arab Emirates' eastern coast, The Wall Street Journal reported. The Saudi vessels experienced "significant damage to the structures" in what the country's energy minister Khalid al-Falih said was a case of sabotage. An Iranian foreign ministry spokesman called the attacks "dreadful" and said the government is planning an investigation, WSJ reported, citing the semiofficial Iranian news agency ISNA. For the time being, no one is publicly attributing any blame to the attack on Iran's government.
Why the United States Imports Oil(Continued from Prior Part)US oil importsThe US imported ~3.6 billion barrels of crude oil and petroleum products in 2018. Total imports fell ~2% from 2017. Roughly 43% of the US crude oil and petroleum products
Why the United States Imports Oil(Continued from Prior Part)US oil exportsIn this part, we’ll take a look at the top countries where the US exports its crude oil. Among the countries to which the US exports crude oil, Canada stands at the top,
Why the United States Imports OilUS energy consumptionAccording to the U.S. EIA (Energy Information Administration), energy consumption in the US reached its highest level ever in 2018. The US consumed 101.3 quadrillion Btu (British thermal units)
Trump Tweets Tariffs With Capital T, Traders Tantrum In a bizarre tweet over the weekend, President Donald Trump claimed that "China has been paying Tariffs (sic) to the USA," with a capital T, which besides being patently false, included a threat to increase the Tariffs (sic) to the USA, even though the USA is not being […]The post Market Morning: Tariff Tweet, Earnings Face-Lyft, Kudlow Nudges Fed, Iran Scrambles appeared first on Market Exclusive.
Energy sector-related ETFs were among the worst off Thursday after the Energy Information Administration revealed a jump in U.S. crude-oil stockpiles and Saudi Arabia said it would pick up the slack with ...
Sometimes the U.S. stock market sends a clear, unambiguous message. The message the stock market sent during Federal Reserve Chairman Jerome Powell’s press conference Wednesday says that the market is vulnerable. • The chart shows that the stock market rose immediately after the Fed decision was announced.
U.S. equities find themselves in the red again on Thursday amid fresh concerns about the fate of the ongoing trade discussions with China. The Dow Jones Industrial Average is down over 200 points as I write this, threatening to fall below its 50-day moving average for the first time since January.Obviously, investors are on edge since we are entering the worst six months of the year for the stock market. "Sell in May" has a strong seasonal tendency to be right. This is especially true when you combine it with technical sell signals, such as a downward break of the 50-day moving average which seems likely in the coming days.The catalysts are familiar: Political gridlock (minimizing chances of an infrastructure bill), a lack of comfort from the Federal Reserve (who seems to think inflation could bubble up again), tensions with trading partners and the ongoing standoff over Iranian and Venezuelan oil.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Stocks to Buy for May As a result, a number of mega-cap stocks are weakening noticeably. Here are four Dow Jones stocks to sell: Boeing (BA) Click to EnlargeAfter suffering a big pullback in March following the Ethiopian Air crash of a 737 MAX, and the subsequent grounding of the model for a safety flaw, Boeing (NYSE:BA) shares are under renewed pressure as the software "fix" is taking longer than the bulls had assumed -- risking not only order cancellations but legal liabilities as well.The company will next report result son July 24 before the bell. Analysts are looking for earnings of $1.82 per share on revenues of $21.5 billion. When the company last reported on April 24, earnings of $3.16 missed estimates by 3 cents on a 2% decline in revenues. Caterpillar (CAT) Click to EnlargeShares of Caterpillar (NYSE:CAT) have fallen below their 50-day moving average and are threatening to lose their 200-day average as well. This is setting CAT shares up for a break of the uptrend that has been in place since late October. There fear is that without a U.S.-China trade deal, exports to the Middle Kingdom will be under threat. * 7 of the Best ETFs to Buy for a Slowing Economy The company will next report results on July 24 before the bell. Analysts are looking for earnings of $3.1 per share on revenues of $14.5 billion. When the company last reported on April 24, earnings of $2.94 beat estimates by 8 cents on a 4.7% rise in revenues. Forward guidance was reaffirmed. Chevron (CVX) Click to EnlargeAfter rising impressively on the back of higher energy prices, oil and gas stocks like Chevron (NYSE:CVX) are coming under pressure now on a combination of profit taking and a pullback in crude oil with the U.S. Oil Fund (NYSEARCA:USO) falling below its 200-day moving average. The company is locked in a bidding war for Anadarko (NYSE:APC) with Occidental (NYSE:OXY). The bears fear the company will up its offer and overpay.The company will next report results on July 26 before the bell. Analysts are looking for earnings of $2 per share on revenues of $41.3 billion. When the company last reported on April 26, earnings of $1.39 beat estimates by 6 cents on a 6.8% decline in revenues. Dow DuPont (DWDP) Click to EnlargeShares of Dow DuPont (NYSE:DWDP) are falling down and out of a six-month consolidation range after a failed attempt to break up and over its 200-day moving average. This range capped a 30% decline from the highs set in early 2018 and sets up a possible return to the lows seen in early 2016, which would be worth a loss of more than 25% from here. * 10 Cheap Stocks to Buy in May, But Don't Go Away When the company reported earnings today, earnings of 84 cents per share missed estimates by a penny on an 8.7% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post 4 Dow Jones Stocks Under Serious Pressure appeared first on InvestorPlace.
Understanding the Iran Sanctions and Broader Oil Market(Continued from Prior Part)Role of other suppliers The United States is confident that the end of its waivers on imports of Iranian oil won’t disrupt the world’s oil supply. In a press
Understanding the Iran Sanctions and Broader Oil Market(Continued from Prior Part)US sanctions on IranThe United States first imposed restrictions on its activities with Iran in 1979, after the seizure of the US embassy in Tehran. The United States
Understanding the Iran Sanctions and Broader Oil Market(Continued from Prior Part)OPEC countries OPEC (the Organisation of the Petroleum Exporting Countries) aims to “coordinate and unify the petroleum policies of its Member Countries” to
Record high U.S. market in April was the result of a strong economy, slew of unicorn IPOs, stabilization in the oil patch, better-than-expected corporate earnings and a dovish Fed.
Oil is surging this spring, coming back in a big way from a historic rout that sent crude prices plummeting about 45% from peak to trough in the fourth quarter of 2018, and included the worst losing streak for crude oil on record. Not only have crude prices retraced more than half of their tumble since the calendar flipped to January - the rebound rally in oil isn't showing any signs of slowing down as we head into May. At a glance, you don't need to be an expert technical trader to spot the prevailing trend in oil prices right now.
What Could Impact US Oil Exports?Brent-WTI spreadOn April 29, Brent crude oil June futures settled ~$8.54 higher than the WTI crude oil June futures. On April 22, the spread was at ~$8.49.In the past five trading sessions, Brent crude oil June
Mnuchin Stabs China Deal With Doubts, Again Maybe it’s a way to lower expectations in concert with new highs in the S&P 500 in order to reinflate hope when the market falls again, but Treasury Secretary Steve Mnuchin is once again infecting the China Trade Deal saga with doubts. In a smiling picture where all […]The post Market Morning: China Talks Downer, IMO 2020 Hoarding, Alphabet Shocks, Fed Losing Control? appeared first on Market Exclusive.
The United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, fell 3.25% last Friday on more than double the average daily volume, bringing its loss for the week to 1.73%. While that snapped oil's longest weekly winning streak in several years, some market observers this year's surge in crude can continue. Losses accelerated on Friday after President Trump said he called on the Organization of Petroleum Exporting Countries to act to bring global oil prices lower,” reports CNBC.
The United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, is up nearly 13% this month and some options traders are expecting more upside for the benchmark oil exchange traded fund (ETF). While demand has yet to catch up to elevated supplies, rebounding economies in Europe and steady economic growth in the U.S. could prompt more upside for oil this year.
Oil is on fire this year, and while crude is one of 2019's best-performing commodities, some energy sector exchange traded funds (ETFs) are lagging the returns of oil ETFs that are futures-based strategies.Source: Shutterstock Here is an interesting dichotomy: the United States Oil Fund (NYSEARCA:USO), which tracks West Texas Intermediate futures, entered April 23 with a year-to-date gain of 41.50%. The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP), one of the oil ETF's most intimately correlated to crude prices, was up "just" 24.60% year-to-date as of April 22.Among equity-based oil ETFs, XOP is a popular and volatile option. To the latter point, if 2019 ended today, XOP's annualized volatility would be 31.60% compared to 23.80% for USO and just 17.70% for the Energy Select Sector SPDR (NYSEARCA:XLE), the largest equity-based oil ETF.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dividend Stocks That Could Double Over the Next Five Years The $2.29 billion XOP, which turns 13 years old in June, tracks the S&P Oil & Gas Exploration & Production Select Industry Index. This oil ETF "seeks to provide exposure the oil and gas exploration and production segment of the S&P TMI, which comprises the following sub-industries: Integrated Oil & Gas, Oil & Gas Exploration & Production, and Oil & Gas Refining & Marketing," according to State Street. Calm Seas for XOPGiven XOP's penchant for volatility, the ETF has recently been calm and steady. That is somewhat surprising when considering the spate of potential headline risk that oil ETFs have recently encountered. Earlier this week, the Trump Administration said the U.S. is nixing sanction waivers on Iranian oil next month, a move that sent crude prices soaring.Additionally, XOP has been under the earnings microscope in significant fashion since last week. While this ETF is an equal-weight fund where none of the 64 components exceed weights of 2.71%, large amounts of earnings reports in condensed time frames can affect equal-weight ETFs.This week, more than 24% of XOP's holdings report first-quarter results. Next week, that number swells to 51%, meaning this oil ETF could face significant earnings-related tests in the coming days."On Q1 earnings calls from some of the major energy companies, investors might want to keep their ears open for any observations of industrial demand, in part because the Fed and various data have pointed to softening capital expenditures recently by many companies," J.J. Kinahan reports in Forbes. "Crude producers might be among companies that see a negative impact if businesses project slower growth and cut back on spending."Another factor to consider with XOP and other oil ETFs is U.S. output. The U.S. pumping about 12 million barrels per day, record levels for oil production here. Even with that robust output, more rigs are coming online in the U.S. For much of this year, the factor bolstering oil prices has been declining production from some members of the Organization of Petroleum Exporting Countries (OPEC). Bottom LineEven with its impressive year-to-date performance, XOP still has some work to do. The ETF still labors below its 200-day moving average, which is almost 7% away. A move above that technical hurdle could spark a new wave of buying in.Currently, XOP resides more than 27% below its 52-week high. With the fund already up 24% this year, a return to that 52-week high is not impossible, but investors may do well to not expect the oil ETF to finish 2019 with a gain of around 50%.From 2013 through 2018, the best annual performance notched by XOP was in 2016 when the oil gained 38.30%.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post The XOP Oil ETF Looks Great as Its Holdings Start Their Earnings Season appeared first on InvestorPlace.
Deutsche and Commerzbank Merger Fails The two struggling European banking giants are calling off merger talks after determining that it probably isn’t a good idea for either of them, which could itself be bad for both of them. “We have concluded that this transaction would not have created sufficient benefits to offset" the risks and […]The post Market Morning: Deutsche Flop, Iran Irate, Facebook Fine, Forever Bull? appeared first on Market Exclusive.
Oil is already one of this year’s best-performing commodities, but professional traders appear comfortable betting on more upside for crude. The United States Oil Fund (NYSEArca: USO), which tracks West ...
Iran Threatens to Play “Trump” Card And Block Straits of Hormuz Iran is obviously upset about President Donald Trump moving to prevent Iran from selling its own oil and has threatened to block the Straits of Hormuz if the United States moves to block all countries from buying Iranian crude. The only way the US […]The post Market Morning: Iran Plays Trump…Card, Eurobank Earnings, $1B Apple Lawsuit appeared first on Market Exclusive.
WTI grade crude oil was advancing 0.73 percent to $66.28 at the time of publication Tuesday, marking the third straight session of gains. The most recent spurt in prices has come on the back of a standoff between the U.S. and Iran. The U.S. announced that all waivers to sanctions on Iranian oil imports will end next week.