34.46 +0.02 (0.06%)
After hours: 4:49PM EDT
|Bid||34.36 x 36100|
|Ask||34.43 x 1300|
|Day's Range||34.40 - 36.17|
|52 Week Range||22.88 - 64.66|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-37.54%|
|Beta (5Y Monthly)||1.94|
|Expense Ratio (net)||0.13%|
The markets closed in the green after Thursday’s trading session amid worries of escalating coronavirus cases. The financial sector was the big winner after regulators eased the Volcker rule on big banks. The Final Round panel discusses the latest.
The Schork Report Editor Stephen Schork joins Yahoo Finance’s Akiko Fujita to discuss his outlook on oil, as WTI crude is tumbling.
The markets closed in the green after Tuesday’s trading session, with the ten of the eleven sectors posting gains as hopes for a coronavirus vaccine rose and U.S. - China trade fears diminished. The Final Round panel discusses the latest.
As presumptive Democratic presidential nominee Joe Biden’s polling lead over President Donald Trump grows, analysts say Democrats’ chances of taking control of the Senate are rising as well.
Corporate insiders do not appear to be particularly worried about a bear market occurring anytime soon. Corporate insiders are a company’s officers and directors, who presumably know more about their firms’ prospects than do the rest of us. In a column a month ago about insiders’ behavior, I reported that insiders had pulled back from their aggressive buying in March, near the bear market low.
Prosper Trading Academy CEO Scott Bauer joins Yahoo Finance’s Melody Hahm to discuss the outlook on oil prices amid the coronavirus pandemic.
Schlumberger Ltd. said Tuesday that it has initiated "major changes" to its organizational structure, aimed at permanently removing over $1.5 billion in costs on an annual basis. The stock rose 2.4% in afternoon trading. The changes will result in $1.2 billion to $1.4 billion in cash costs from both restructuring moves and headcount reductions. Among the changes will be moving to four divisions from 17 product lines and structuring geographically around five key basins of activity. The company aims to position itself to extract more value from digital technologies, as working remotely has accelerated in the past 3 months and as operational headcount was reduced by 25%. "Although we forewarned that Q2 will decline severely, the drop as been sharper than expected, due not only to the severe decline in North America land activity, but also due to the COVID-related disruptions in the international markets," Chief Executive Olivier Le Peuch said at the JP Morgan 2020 Energy, Power & Renewables Conference. The stock has tumbled 50.8% year to date, while the SPDR Energy Select Sector ETF has dropped 31.7% and the S&P 500 has slipped 3.1%.
National Fuel Gas Co. said Thursday that it was increasing its quarterly dividend by 2.3%, to 44.5 cents a share from 43.5 cents a share. The operator of oil and natural gas assets said the new dividend will be payable July 15 to shareholders of record on June 30. The stock fell 4.8% in afternoon trading, while the SPDR Energy Select Sector ETF shed 7.9% and the S&P 500 dropped 5.2%. Based on current stock prices, the National Fuel Gas's new annual dividend rate implies a dividend yield of 4.35%, compared with the yield for the energy ETF of 5.81% and the implied yield for the S&P 500 of 1.90%, according to FactSet. National Fuel Gas said it has raised its annual dividend for 50 consecutive years, and paid dividends for 118 straight years.
Shares of Oneok Inc. tumbled 13.1% in premarket trading Thursday, after the natural gas services company announced a public offering of 26 million shares of common stock. That represents 6.3% of the shares outstanding, as of April 20. The company said it expects to grant the underwriters of the offering options to buy up to 3.9 million additional shares to cover overallotments. Barclays, J.P. Morgan and Citigroup are the lead book-running managers of the offering. Based on Wednesday's stock closing price of $41.98, 26 million shares would be valued at $1.09 billion. The stock has run up 16.8% over the past three months through Wednesday, while the SPDR Energy Select Sector ETF has climbed 27.4%, natural gas futures have lost 5.2% and the S&P 500 has advanced 16.4%.
From huge workforce reductions to cutting investments, the oil industry has made significant changes as a result of the COVID-19 pandemic. Yahoo Finance’s Myles Udland discusses why he believes the oil industry will face permanent changes in an accelerated shift, while other industries will view 2020 as a temporary blip.
Shares of Chesapeake Energy Corp. nearly tripled in active trading, and have soared more than 5-fold in two days (up 421%), as an agreement by major oil producing nations over the weekend to extend production cuts and recent better-than-expected economic data helped fuel optimism over continued gains in crude oil prices. Trading volume was 8.3 million shares, already more than triple the full-day average of 2.6 million shares. The oil and gas company's stock shot up 195% in midday trading, which would be a one-day record gain by far, a day after soaring 76.5% on Friday. The previous record one-day gain was 96.0% on March 13. The stock has now rocketed more than 8-fold since closing at a record low of $8.71 on May 14, and 350% since April 15, when a 1-for-200 reverse stock went into effect. The company has not responded to a request for comment. The surprisingly strong May jobs report out Friday boosted hopes for a quicker-than-expected return in demand, while the agreement by OPEC and allied nations over the weekend to extend production cuts helped assuage concerns over a supply glut. The SPDR Energy Select Sector ETF , which rose 2.7% on Monday, and the Dow Jones Industrial Average , which climbed 223 points, or 0.8%, on the day, were both headed for a sixth-straight gain. Crude oil futures fell 3.5% Monday, but have nearly doubled (up 99%) since the end of April.
All three major indices closed in the green after Friday’s trading session, influenced heavily by the May jobs report which posted surprising, positive signs with 2.5 million jobs added. The Final Round panel discusses the latest.
Exchange-traded funds made up of energy and financial stocks surged Friday morning after an unexpectedly strong U.S. payrolls report. The Financial Select Sector SPDR Fund popped nearly 7% in the first half hour of trading, while the Energy Select Sector SPDR Fund rose nearly 4%. It was the biggest one-day move for XLE in three weeks, which is still down more than 25% in the year to date. XLF is down nearly 15% in that period. Investors are finding value in sectors of the economy that have suffered more under the coronavirus lockdowns, and which are more likely to outperform as the economy recovers sooner than expected, as the jobs report signals.
Stocks closed at their highest levels since at least March, ending Friday’s volatile session mostly higher after President Donald Trump announced retaliatory measures against China that were less negative for markets as some had feared. Myles Udland, Sean Smith, Rick Newman, and Akiko Fujita discuss on The Final Round.
Brian Belski, Chief Investment Strategist at BMO Capital Markets, joins The Final Round to discuss how investors should navigate the market during COVID-19.
Liz Ann Sonders, Charles Schwab Chief Investment Strategist, joined Yahoo Finance's Myles Udland, Seana Smith, Dan Roberts, and Melody Hahm to discuss her outlook for the U.S. economy.
Shares of Chevron Corp. and Exxon Mobil Corp. fell in premarket trading Friday, enough to pace the Dow Jones Industrial Average's early decliners, as a selloff on crude oil futures weighed on the energy sector. Chevron shares shed 0.8% and Exxon Mobil's stock fell 0.6%, while Dow futures rose 19 points, or 0.1%. Crude futures dropped 3.7%, amid concerns over economic growth in China and growing worries of increasing trade friction between the U.S. and China. The SPDR Energy Select Sector ETF slid TK% ahead of the open. Among other more-active energy stocks, Occidental Petroleum Corp. slipped 0.4%, Marathon Oil Corp. gave up 0.8%, Apache Corp. fell 1.1% and Halliburton Co. lost 1.3%.
Invesco Chief Global Market Strategist Kristina Hooper joins Yahoo Finance’s Brian Cheung and Seana Smith to discuss Jerome Powell's remarks as the Fed chair notes the U.S. economy faces ‘great uncertainty.’
Stocks rose Wednesday and the Dow advanced more than 300 points, or 1.2%, as hopes surrounding some states’ reopenings extended during the session. Yahoo Finance's Jen Rogers, Myles Udland, Rick Newman, and Andy Serwer discuss on The Final Round
The U.S. Treasury is gearing up to auction a $3 trillion in debt to finance the growing federal budget deficit. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance’s Seana Smith to discuss.
The number of global cases of the coronavirus that causes COVID-19 rose to 4.9 million on Wednesday and Brazil suffered its worst fatalities since the start of the outbreak, prompting President Donald Trump to say he may bar entry to flights from Brazil.
Shares of Halliburton Co. rose 1.4% in premarket trading Wednesday, after the oil services company slashed its quarterly dividend by 75%, citing efforts to maintain a strong liquidity position given uncertainties regarding the depth and duration of the downturn in market conditions. The new dividend of 4.5 cents a share, down from 18 cents a share, will be payable June 24 to shareholders of record on June 3. Based on Tuesday's stock closing price of $11.15, the new annual dividend rate implies a dividend yield of 1.61%, compared with the yield for the SPDR Energy Select Sector ETF of 6.07% and the implied yield for the S&P 500 of 1.97%. Separately, Halliburton said annual retainers for its board of directors will be cut by 20%. The dividend cut comes as crude oil futures have plunged 47.4% year to date, as the COVID-19 pandemic has reduced demand and as the market grapples with a supply glut. Halliburton's stock has declined 54.5% this year, while the energy ETF has shed 37.0% and the S&P 500 has lost 9.5%.
Head of Macro Strategy at Academy Securities Peter Tchir joins Yahoo Finance’s Seana Smith to break down his outlook on the markets as coronavirus cases surpass 1.5M in the U.S., according to John Hopkins.
Will markets go up or down as we move toward summer? No one knows for sure, but one metric to watch is activity among short sellers — investors who believe a particular security will decline in value.