|Bid||0.00 x 900|
|Ask||0.00 x 1200|
|Day's Range||10.86 - 11.04|
|52 Week Range||9.23 - 16.24|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||2.12|
|Expense Ratio (net)||0.73%|
Choosing the right indicators can be a daunting task for novice traders. It’s a much easier process when they focus their effects into five categories.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Apple prices in China are up almost 30%, detracting from its consumption for the commodity, according to the latest data from grocery delivery platform Dada-JD Daojia. This latest development could put ...
Two oil tankers in the Strait of Hormuz, the world's most sensitive oil transportation choke point, came under attack Thursday. U.S. officials were quick to blame Iran, while Iranian foreign minister ...
After a fast and furious run the indices have been resting for three days now. Here on Thursday morning oil is indicated higher following attacks on two oil tankers in the Gulf of Oman. While attacks are seldom a market positive they are causing indices to rise sharply here on Thursday morning due to the spike in oil and a shift in focus away from the China trade issue.
Energy sector ETFs were among the worst hit in the risk-off selling on Wednesday as crude oil prices plunged on an unexpected rise in U.S. crude inventories and a weaker global outlook. Among the hardest ...
Technically speaking, the U.S. benchmarks have staged a bullish June reversal, rising sharply from multi-month lows, writes Michael Ashbaugh.
The future course of oil prices and energy ETFs rest on the fate of U.S.-China trade tensions and extension of the output cut deal after June.
The Dow Jones registered its best week since November. This is likely to benefit a few funds given the Mexico trade deal, a dovish Fed and possibilities of an oil price rally.
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of ETFs.
Oil prices have tumbled more than 20 percent since the end of April due to fears of global demand as fears of slower growth worldwide are taking hold of the commodity. It didn’t help that the U.S.-China ...
Risk-on! Risk-off! The markets seem to have adopted Mr. Miyagi's training methods for Daniel-san in the Karate Kid over the past two weeks. The Treasury markets are pricing in a 97.2% chance of at least one rate cut by the end of the Fed's December 2019 meeting.
Underscoring investors' skittishness toward riskier assets, the United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, is lower by nearly 7.50% this month. Some market observers believe the U.S., now a major oil exporter, could weaponize oil in its trade spat with China, an idea that some argue could prove ill-fated. “Chinese policy makers might look at the renewed pressure the U.S. is putting on Venezuela and Iran as a sign they may be trying to weaponize oil against China,” writes Gavekal Research’s Louis Gave, according to Barron's.
Brent crude and West Texas Intermediate futures were each lower by around 2 percent Wednesday morning with multiple factors at play. What To Know U.S. and China trade tensions continue showing no signs ...
Brent-WTI Spread Impacts US Oil Exports and the Energy PortfolioBrent-WTI spreadOn May 24, Brent crude oil active futures settled ~$10.06 higher than the WTI crude oil active futures. On May 17, the spread was at ~$9.29.In the past five trading
The stock market knows something policymakers don't: The era of oil stocks is dead.Despite Administration efforts to embargo Iran and Venezuela, and despite fracking's growing control over supply, the price of the U.S. benchmark West Texas Intermediate crude oil remains below where it was last fall. The global price, defined by Brent North Sea oil, dropped $7 per barrel in the month before May 23.A decade that began with an "energy crisis" is ending in a global glut, just as U.S. production reaches a record 12 million barrels a day.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo keep production high, the Administration is giving the oil companies everything they always wanted. Rules on safety are being abolished. Government-owned lands are being opened for drilling. The Administration is trying to open Alaska to oil exploration.Yet despite what had been the best quarter for prices in a decade and predictions from analysts of even-higher prices, stocks in the oil sector haven't risen in five years. The U.S. Oil Fund (NYSEARCA:USO), an ETF tracking the oil sector, is down 68% over that time, while the S&P 500 is up 46%.How is this possible? It's possible because oil and gas no longer represent cheap energy. Renewable energy, not just efficiency but electricity produced without oil, gas or nuclear fuel, is becoming the cheap energy.The lifetime cost of solar and wind installations, $63.20 per Megawatt-hour, is now below that of coal, and approaching that of natural gas. The solar power expansion that began early this decade in the Far West, spurred by favorable tax laws, has now spread to the heart of the U.S. oilpatch. * 10 Names That Are Screaming Stocks to Buy What should be a golden era in the oilpatch tastes like dust on Wall Street because it has come too late. Exxon Mobil (XOM)Source: Shutterstock Exxon Mobil (NYSE:XOM) stock reached its peak for the year in April, trading at over $83 per share. On May 23, it was trading below $74.At that price, the stock yielded 4.33% in dividends, $3.48 per share, and had a price-to-earnings ratio of 17 … slightly below the market. In 2018, Exxon Mobil earned $4.88 per share, but for the first quarter, it earned only 55 cents per share fully diluted, below analyst estimates.Exxon Mobil is the most diversified of the American oil majors. It produces oil around the world, refines it, and markets it through its own stations. Exxon blamed the first quarter on its refining segment. Its report highlighted a huge new oil find off the coast of Guyana, and a gas find off the coast of Cyprus. Its very diversification is hurting results.The analyst verdict on Exxon Mobil is weakening, with four analysts taking down buy orders and entering the weaker "hold" camp in the last three months. Analysts are worried about Exxon Mobil's ability to generate cash from operations. The best-run company in Houston has become the least-favorite major oil stock. If Exxon Mobil, with its global reach, diversification, yield and $279 billion in 2018 revenue, up almost 20% from 2017, isn't a great investment, what is? Schlumberger (SLB)Source: Shutterstock Oil has become a technology business, and Schlumberger (NYSE:SLB) is its master.Schlumberger technology makes it easier than ever to find oil, to drill for it, and to measure what's going on inside a well. Schlumberger pays a 50-cent-per-share dividend that was yielding 4.69% at the May 23 price of about $37.50. It generated $5.7 billion in operating cash flow last year, on a market cap of $51.4 billion.So, you think, business is great, and people are wonderful. Not so fast.Over the last five years, Schlumberger has been a disastrous investment. The shares are down 64% in that time. The dividend hasn't been increased since 2015. Profits have been falling over the last four quarters and are down 60% from their 2015 peak, when Schlumberger bought oil tools producer Cameron for $14.8 billion. Capital spending has been declining in the oil patch, and Schlumberger is suffering. Commodity oversupply means better technology for reaching that commodity isn't a good investment. Analysts, however, have yet to give up on the stock, with half keeping it on their buy lists. * 7 Marijuana Stocks to Play the CBD Trend Schlumberger management remains optimistic about international operations and there are still analysts pounding the table for it. But it's generally "out of sight, out of mind," a stock that's seldom written about, where mid-decade it was one of the hottest stocks in the market. Whiting Petroleum (WLL)Source: SarahTz Via FlickrIn 2014, Whiting Petroleum (NYSE:WLL) bought Kodiak Oil & Gas for $3.8 billion, becoming the largest producer in the Bakken oil field of North Dakota and Montana, a field opened up by fracking technologyI called Whiting the "King of the Bakken." I also told investors to "sell while you can."Since then, the stock is down 88%; its market cap is down to $1.77 billion, half what it paid for Kodiak. Growing revenues, and even a $342 million profit in 2018, failed to attract buyers. Its March report slipped back into a loss of $69 million, and the shares have resumed their march toward zero.Things are so bad that when Whiting offered to buy QEP Resources (NYSE:QEP), another big Bakken player, Whiting shares fell 10%. No thanks, investors said, we're full.Making things worse is that CEO Brad Holly, hired from Anadarko Petroleum (NYSE:APC) in 2017, was named in a sexual harassment scandal at his former employer. Holly vigorously denies the charges, but such charges have to be distracting.There remain analysts pounding the table for Whiting, and the North Dakota oilpatch.The problem is that all oil is not created equal. Transportation costs create a discount between the Bakken price and what Texas oil brings. Even if Whiting is paying $50 per barrel to bring oil up, it was only attracting $52 per barrel in February. The price for Bakken oil has been as high as $65/barrel in the last year, but as low as $38/barrel.The market's verdict is clear, and it seemed clear to me years ago. Get out of oil stocks while you can.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family https://www.amazon.com/Reluctant-Detective-Finds-Her-Family-ebook/dp/B07FSRDR4Y/, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 3 Oil Stocks to Drop Now appeared first on InvestorPlace.
U.S. equities came under serious and growing pressure on Thursday as the U.S.-China trade spat devolved into an outright global trade war with countries Japan and South Korea getting caught in the crossfire. The Trump Administration is raising the stakes with its efforts to block Huawei from using American technology, pushing allies like South Korea to do the same.Beijing is firing back with calls to boycott American tech firms like Apple (NASDAQ:AAPL) and threats to dump its U.S. Treasury bonds holdings -- totaling more than $1 trillion. Wall Street is finally waking up to the possibility that this problem is going to get worse before it gets better. And it can get a lot worse.The Dow Jones Industrial Average has fallen back below its 200-day moving average, the U.S. dollar is dropping hard, and U.S. Treasury yields are falling fast amid a rush to safe haven assets. The yield curve is also inverting again, which is a loud and clear signal that on this trajectory, a recession looms ahead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend As a result, a number of large-cap stocks are dropping hard and fast. Here are five stocks to sell: Amazon (AMZN) Click to EnlargeFirst up is one of the largest of the large cap stocks. Amazon (NASDAQ:AMZN) shares are threatening to fall down below the $1,800 level, breaking below their 50-day moving average after weeks of flirting with that critical support level. Next stop is the 200-day moving average which would then give way to the January-March lows near $1,600 which would be worth a loss of nearly 12% from here.The company will next report results on July 25 after the close. Analysts are looking for earnings of $5.48 per share on revenues of $62.5 billion. When the company last reported on April 25, earnings of $7.09 beat estimates by $2.43 per share on a 17% rise in revenues. Chevron (CVX) Click to EnlargeWith traders bracing for a global economic slowdown as a result of rising trade tensions, crude oil is plummeting with the U.S. Oil Fund (NYSEARCA:USO) down more than 6% in intra-day trading to return to levels not seen since early March. That's pushing down shares of oil large-cap stocks like Chevron (NYSE:CVX) hard, with shares threatening to fall below its 200-day moving average. * The 7 Best Stocks to Buy From the IPO ETF The company will next report results on July 26 before the bell. Analysts are looking for earnings of $2.03 per share on revenues of $41.7 billion. When the company last reported on April 26, earnings of $1.39 beat estimates by six cents despite a 6.8% loss of revenues. Bank of America (BAC) Click to EnlargeLower long-term interest rates means narrower net interest margins for banks like Bank of America (NYSE:BAC). So it's not surprising shares are dropping fast, falling below the 200-day moving it's tried desperately to stay above since January. If support from the March lows doesn't hold, watch for a possible drop all the way back to the December lows, which would be worth a loss of nearly 20% from here.The large cap stock will next report results on July 17 before the bell. Analysts are looking for earnings of 72 cents per share on revenues of $23.4 billion. When the company last reported on April 16, earnings of 70 cents per share beat estimates by four cents on a 0.4% drop in revenues. NVIDIA (NVDA) Click to EnlargeShares of semiconductor large-cap stock NVIDIA (NASDAQ:NVDA) are melting lower, breaking down further away from its 50-day and 200-day moving averages as all the catalysts that bolstered shares for so long -- cryptocurrency mining, gaming consoles, etc. -- are working against it now. Watch for a quick trip down to the prior lows set in late December, which would be worth a loss of roughly 14% from here. * 6 Innovative Stocks With Big Long-Term Growth Potential The company will next report results on August 15. Analysts are looking for earnings of $1.14 per share on revenues of $2.6 billion. When the company last reported on May 16, earnings of 88 cents per share beat estimates by seven cents on a 30.8% decline in revenues. Apple (AAPL) Click to EnlargeNo list of large-cap stocks would be complete without a look at Apple, which is at the very epicenter of the U.S.-China trade spat. The next round of trade tariffs being proposed by President Trump will hit the company's products directly, weighing on profit margins. The company has been able to avoid the brunt of the damage to date because of its importance to overall S&P 500 earnings growth and thus market sentiment, something Trump is acutely aware of.But that's changing now. The company will next report results on July 30 after the close. Analysts are looking for earnings of $2.11 per share on revenues of $53.6 billion. When the company last reported on April 30, earnings of $2.46 beat estimates by 10 cents on a 5.1% drop in revenues.As of this writing the author held no positions in the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Large-Cap Stocks Getting Crushed in the Trade War appeared first on InvestorPlace.
Energy sector exchange traded funds were among the worst performers Thursday as heightened trade risks concerns fueled bets of diminished oil demand from a global economic slowdown and updated data revealed ...
With oil ranking as one of 2019’s best-performing commodities, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: ...
Oil prices are surging today after an earlier attack on two tankers in the Gulf of Oman. THE ENERGY WORD Founder Dan Dicker discusses with Yahoo Finance’s Adam Shapiro, Julie Hyman, and Rick Newman.