|Bid||11.78 x 312300|
|Ask||11.79 x 36100|
|Day's Range||11.88 - 12.04|
|52 Week Range||10.49 - 13.86|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-4.14%|
|Beta (5Y Monthly)||2.10|
|Expense Ratio (net)||0.73%|
Saber rattling in the Middle East created a roller coaster ride in asset prices this week. Oil prices initially ripped and then rapidly reversed yesterday, ending with a nasty 4% drop. Energy stocks fell across the board in the wake of the whiplash. While the volatility can be fear-inducing, it also brings opportunity.Today we'll focus on three ways to play the oil drop.The energy sector just ended a decade worth forgetting. While the S&P 500 more than doubled, the Energy Sector ETF (NYSEARCA:XLE) finished right where it began. Sure, shareholders received some dividends along the way, but the cash flow pales in comparison to the giant gains had by the broader market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the extreme relative weakness has led to low valuations, and that could make energy a pond worth bottom fishing in. Tack on this week's volatility fit in crude oil, and we have the excuse needed to shine a spotlight on the space. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Here are three smart trades in oil stocks. Oil Stocks to Play Now: United States Oil Fund (USO)Source: The thinkorswim® platform from TD Ameritrade Our first idea dispenses with clever derivative plays and goes straight for the jugular. If you think the oil drop presents weakness worth buying, then do so directly with a trade on the United States Oil Fund (NYSEARCA:USO). It's a product designed to track the short-term movements in oil by holding crude oil futures contracts. Although it tends to lag crude over the long term, in the short run, it's a pretty good proxy.That means if oil rebounds in the coming weeks, USO should too.Yesterday's sucker punch took the oil ETF below its rising 20-day moving average, but the 50-day is still pointing higher, suggesting the intermediate-term uptrend is intact. Implied volatility jumped this week, breathing new life into options premiums. Let's build a naked put play to profit if USO sits above $12 a month from now.The Trade: Sell the Feb $12 puts for 28 cents. Oil & Gas (XOP)Source: The thinkorswim® platform from TD Ameritrade An alternate path to profits could be playing a broad basket of oil stocks via the Oil & Gas Explore & Prod. ETF (NYSEARCA:XOP). Stocks in this industry have been decimated over the decade and sit at the low-end of the ten years. While bottom fishing is a dangerous endeavor, we can increase our odds by using high probability options strategies like naked puts and covered calls. That way, we build a position that profits even if XOP treads water or drops a bit further.December's rise was enough to turn the 20-day and 50-day moving averages higher, so buyers do control the short-term trend. Wednesday's whack created a lower-risk entry, and I'm inclined to accept the gift with a naked put play. * 7 Stocks That Are Screaming Buys Right Now The Trade: Sell the Feb $22 put for 42 cents. Exxon Mobil (XOM)Source: The thinkorswim® platform from TD Ameritrade The final avenue involves trading the juggernaut in the space, Exxon Mobil (NYSE:XOM). It's a much less volatile pick than my prior two picks and presents a more conservative alternative. Dividend hunters will be particularly happy about this one. The steady drop in price over the decade has boosted the dividend yield to a mouth-watering 5%.Dividends present a silver lining when bottom fishing. If Exxon stock takes a while before recovering, you still get paid while waiting. XOM stock's price trend is more neutral than USO and XOP, but implied volatility has been steadily rising, and options premiums are pumped enough to warrant selling them.The Trade: Sell the Feb $67.5o/$65 bull put spread for around 70 cents.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post 3 Oil Stocks That Are Worth Looking Into Now appeared first on InvestorPlace.
Crude oil prices and related oil ETFs plunged Wednesday as tensions with Iran fade and after President Donald Trump claimed that we don't need the supply coming out of the Middle East. The United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO) , which tracks Brent crude oil futures, were declined 5.1% and 4.4%, respectively, on Wednesday while WTI crude oil futures were down 4.9% to $59.6 per barrel and Brent crude fell 4.3% to $65.3 per barrel. After closing at their highest level since last May on Monday in response to possible disruptions to the world's crude supply, oil prices plummeted Wednesday on expectations of steady supply from the U.S. and the Organization of Petroleum Exporting Countries, along with its allies, if required, the Wall Street Journal reports.
Multiple missiles fired by Iran struck the Al-Assad and Irbil Airbases in Iraq early Wednesday morning local time. The targeted airbases hosted American troops. "We are aware of the reports of attacks ...
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, jumped nearly 3% last Friday after a U.S. drone strike Major-General Qassem Soleimani, the leader of ...
Easing U.S.-China trade feud, global monetary policy easing, lesser ambiguity surrounding Brexit, lower OPEC output, falling U.S. rigs and escalating Middle East tensions to boost oil prices in 2020.
After a Middle East crisis even, crude oil prices and related ETFs typically outperform other more defensive assets in the following months. The United States Oil Fund (NYSEArca: USO), which tracks West ...
An eventual de-escalation of tensions between the U.S. and Iran could unleash an untapped source of global crude oil supply and send prices spiraling lower, according to at least one analyst.
We began the year 2020 with clear skies and a partial end to the U.S.-China trade war on the horizon, but a couple bomb strikes in the Middle East have re-set this table.
The energy market and sector-related ETFs rallied on Friday as crude oil prices spiked on fears of retaliatory attacks from Iran on the Middle Eastern energy infrastructure in response to a U.S. airstrike ...
If Thursday's targeted strike against Soleimani took place five years ago, the price of oil would be north of $100 a barrel, Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets, said Friday on CNBC. Given the surge in U.S. oil production over the past few years, the impact on the attack on the oil market is minimal. Iran has built a reputation in recent months of showing signs of aggression and made it clear it has the capacity to be disruptive, she said.
Energy stocks and exchange-traded funds (ETFs) were a miserable bet in 2019. Indeed, the energy sector was the worst-performing sector by a mile, gaining less than 5% - far below the S&P; 500's 29% return, and significantly lagging even the second worst sector, health care (18%).However, despite tepid analyst outlooks for oil and gas prices in 2020, energy ETFs and individual stocks are suddenly being thrust in the spotlight once more.On Jan. 2, the Pentagon confirmed that the U.S. military killed Qasem Soleimani - a top Iranian general who headed the Islamic Revolutionary Guard Corps' elite Quds Force - with a drone airstrike in Iraq. While the Pentagon said the attack was meant to deter "future Iranian attack plans," Iran nonetheless has vowed "severe revenge." The clear, abrupt escalation in Middle East tensions immediately sent oil prices higher in response.Whether oil continues to climb is unclear. Tensions could de-escalate. Also, American fracking has changed the playing field. "The major potential risk - to oil markets - is mitigated by the fact that the U.S. is now the largest producer of oil and essentially approaching Energy independence," says Brad McMillan, Chief Investment Officer for Commonwealth Financial Network. "Our oil supplies are much less vulnerable than they were, and the availability of oil exports from the U.S. means that other countries have an alternative source." However, if the conflict worsens - especially if oil tankers and infrastructure are targeted in any violence - oil might continue to spike, regardless.Here, we explore five energy ETFs to buy to take advantage of higher oil prices. But approach them with caution. Just like increases in crude-oil prices should benefit each of these funds in one way or another, declines in oil have weighed on them in the past, and likely would again. SEE ALSO: The 20 Best ETFs to Buy for a Prosperous 2020
Could this be a watershed moment a la the assassination of Archduke Franz Ferdinand, a fulcrum in the history of the clash of civilizations between East and West? Nobody knows until long afterwards, but the potential is there. The leader of Iran’s elite Quds forces, General Qassem Soleimani, has been assassinated in an American bombing […]The post Market Morning Special: Franz Ferdinand Moment? Iranian General Soleimani Rests in Pieces appeared first on Market Exclusive.
The U.S. launched three rockets targeting the convoy of Qassem Soleimani, the head of Iran's elite Quds Force, a spokesperson for Iraq's state-backed militia consortium Popular Mobilisation Forces told Reuters. Soleimani was killed in the strikes, alongside Iraq Military commander Abu Mahdi al-Muhandis and five other paramilitary members. The strikes come less than a week later after President Donald Trump warned of holding Iran "fully responsible" for any attacks against U.S. facilities or citizens.
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, rallied again ...
An analysis from Ned Davis Research finds the best way to play the rising fortunes of stocks compared to those of bonds.
Path Trading Partners Co-Founder & Chief Market Strategist Bob Iaccino joins Yahoo Finance’s Zack Guzman, Sibile Marcellus and Independent Women's Forum Board Member and Former Congresswoman Nan Hayworth to discuss how commodities are impacted by the rising U.S-Iran tensions on YFi PM.
Oil prices surged to the highest level since April after U.S. killed Iran’s top commander Soleimani in an airstrike. Stephen Schork, Editor of "The Schork" Report, joins Seana Smith on The Ticker to discuss.
Julian Emanuel, Managing Director & Chief Equity and Derivatives Strategist, joins Yahoo Finance's Seana Smith to discuss the latest energy outlook amid escalating tensions in the Middle East.