If you want to make big gains in the market, you need to invest in growth. Just consider the gains you could have made during the U.S. consumer boom in the 1950s… From 1950 to 2015, U.S. gross domestic product (GDP) per capita rose 690%, adjusted for inflation. During that time, the S&P 500 soared 11,700% (not including reinvested dividends). Over the course....More>>>
Michael E. Lewitt
By now, it should be apparent to anybody with a functioning cerebellum that our political and economic policy leaders are abject failures. After years of impotent monetary policy at the hands of the Fed, decades of incompetent foreign policy by several administrations, a dormant and corrupt Congress, and an activist Supreme Court rewriting the Constitution, the world....More>>>
Related Benzinga's Top Initiations Barclays Bullish On Cotiviti Shares Related MDVN Mid-Afternoon Market Update: CIFC Rises Following Acquisition News; Marathon Oil Shares Slide 10 Biggest Mid-Day Gainers For Monday Pfizer Pays Up (Seeking Alpha) ....More>>>
Oil futures rose for a fourth straight session on Wednesday, trading at nearly 18-month highs on expectations the Organization of the Petroleum Exporting Countries and other major producing nations will make good on promises to cut output in the new year.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February ....More>>>
Brazilian oil giant Petrobras (NYSE:PBR) remained focused on reducing its cost base when oil prices were going south. But, the good part is that the price of the commodity is now picking up pace, with Brent crude now consistently trading above $55 per barrel after the production curtailment decision by the OPEC and non-OPEC countries.
This is great news for Petrobras investors since the company’s....More>>>
Cobalt International Energy (NYSE:CIE) has been on a seemingly never-ending slide. After plunging 77.3% in 2016, the offshore oil developer picked up right where it left off in 2017, falling another 22.8% last month. While the company released some good news last month, investors continue to focus on its precarious financial position.
U.S. equities drifted lower on Friday as buyer exhaustion set in after an exciting week. The Nasdaq Composite pushed further above the 6,000 level at the open, setting a new intra-day high after a batch of big-tech earnings overnight. But the results were mixed, with Microsoft Corporation (NASDAQ:MSFT) and Intel Corporation (NASDAQ:INTC) disappointing.
Also, weighing on sentiment....More>>>
Oil prices have continued their volatility after news broke that the EIA (Energy Information Administration) released generally mixed oil-related data for the prior week and after an interesting rig count update. In what follows, I will go over the data released by both the EIA and Baker Hughes (NYSE:BHI) and give my own thoughts on what it means for investors in companies like Memorial Production....More>>>
Hackers destroyed computers at six important Saudi organizations two weeks ago, marking a reappearance of the most damaging cyberweapon the world has ever seen.
Last time, it was used to destroy 35,000 computers at the oil company Saudi Aramco. U.S. intelligence quietly blamed Iran for that attack.
This time around, the cyberweapon has attacked at least one Saudi government agency,....More>>>
The Dow Jones Industrial Average surged more than 300 points to cross the 21,000 level for the first time ever on Wednesday, roaring back from Tuesday’s minuscule decline that broke a record 12-in-a-row win streak.
The exuberance is so thick in the air it’s hard to breathe, with stock prices melting higher despite political uncertainty, hawkish noises from the Federal Reserve,....More>>>