For some time Airbus (OTCPK:EADSF) and Boeing (BA) have been talking about increasing production rates on their single aisle aircraft. The main reason – there was a need to stress their supply chains even more? They would point to this backlog. Both companies are sitting on record demand for their latest generation aircraft.
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But these aircraft were ordered during the oil price spike. Oil prices may appear to be rising again. But don’t bet on prices staying higher for long. Oil producers are under economic stress. OPEC is an oligopoly. For the prices to stay high requires members of OPEC to stick to their quotas. Do you think Libya, Iran and Venezuela will stick to their quotas? To say nothing of Angola and Nigeria. We bet none of these nations will stick to their quotas. Their need for dollars outweighs all other deals. Cutting national incomes leads, almost certainly, to political unrest. Any price is worth avoiding that.
Best Oil Stocks To Buy Right Now: California Resources Corporation(CRC)
- [By Andrew Efimoff]
WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:
California Resources Corporation (NYSE: CRC): -19.22% Dynamic Materials (NASDAQ: BOOM): -12.39% Clayton Williams Energy (NYSE: CWEI): -11.45% Dynergy (NYSE: DYN): -11.91% EP Energy Corporation (NYSE: EPE): -11.20% Mexco Energy (NYSE: MXC) -10.90% Whiting Petroleum (NYSE: WLL) -10.79% Southwestern Energy Company (NYSE: SWN) -10.79% SM Energy Company (NYSE: SM) -10.38% Real Goods Solar (NASDAQ: RGSE) -10.34%
Posted-In: Commodities After-Hours Center Markets Movers
- [By Matthew DiLallo]
That sell-off in the oil market weighed on financially challenged oil stocks, which will struggle if crude continues dropping. Among the biggest losers were Abraxas Petroleum (NASDAQ:AXAS), Whiting Petroleum (NYSE:WLL), Denbury Resources (NYSE:DNR), California Resources (NYSE:CRC), and Cobalt International Energy (NYSE:CIE).
Best Oil Stocks To Buy Right Now: SPDR Wells Fargo Preferred Stock ETF (PSK)
- [By Todd Shriber, ETF Professor]
DWFI holds five other SSgA fixed income ETFs, including the SPDR Wells Fargo Preferred Stock ETF (NYSE: PSK). PSK is DWFI's largest holding at a weight of 25.2 percent. DWFI's second-largest holding is an allocation of almost 25 percent to the SPDR Nuveen Barclays Municipal Bond ETF (NYSE: TFI).
Best Oil Stocks To Buy Right Now: Mead Johnson Nutrition Company(MJN)
- [By Michael Flannelly]
On Tuesday, JP Morgan analysts upgraded children’s nutrition company Mead Johnson Nutrition (MJN), as they believe the company’s top line growth should be valued more highly than the possible cost headwinds and further Chinese regulations.
The analysts upgraded MJN from “Neutral” to “Overweight” and see shares reaching $88. This price target suggests a 16% upside to the stock’s Monday closing price of $76.11.
Mead Johnson Nutrition shares were up 85 cents, or 1.12%, during morning trading on Tuesday. The stock is up 16.71% year-to-date.