February 27, 2017: Markets opened lower Monday but picked up steam shortly after the bell and rose fairly steadily throughout the day. Energy and real estate were the leading gainers while telecom and consumer staples were the laggards. WTI crude oil for April delivery settled at $54.05 a barrel, up 6 cents on the day. April gold added 50 cents on the day to settle at $1,258.80. Equities were headed....More>>>
When it debuted back in 1989, Fidelity Low-Priced Stock (FLPSX) invested mostly in small-company stocks trading at $15 per share or less. Had you invested then, you’d scarcely recognize today’s portfolio, which has 40% of assets in midsize companies and another 34% in large firms. You’d have also enjoyed an average annualized return of 13.8%four percentage points better than....More>>>
Crude oil prices are still below the $50 mark this week, but we have some good news for investors…
Our bold oil price prediction shows double-digit gains for the price of oil by the end of 2016.
Money Morning Global Energy Strategist Dr. Kent Moors says oil prices will climb significantly by the end of 2016 and into 2017. Moors is a 40-year veteran in the oil markets, and....More>>>
Peyto (OTCPK:PEYUF) is a Canadian E&P company whose production profile is dominated by dry gas (92%). With the low price of natural gas, it has been a tough couple of years for Peyto’s shareholders. That said, the company has maintained its dividend payout through the commodity price downturn. Recently natural gas prices have recovered from their lows, but Peyto’s stock has not kept....More>>>
Energy Fuels (NYSEAMERICAN:UUUU) (TSE:EFR) shares saw an uptick in trading volume on Monday . 1,091,365 shares were traded during mid-day trading, an increase of 300% from the previous session’s volume of 272,846 shares.The stock last traded at $2.09 and had previously closed at $2.04.
Several brokerages have recently issued reports on UUUU. Zacks Investment Research cut Energy Fuels....More>>>
Berkshire Hathaway Chairman and CEO Warren Buffett
Yesterday, Warren Buffett, the chairman and CEO of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B), said he thinks the United States will “work fine” under President Donald Trump.
His reason: America’s got the “secret sauce” – the ability to survive.
“America works,” Buffett....More>>>
In an agewhen vending machines can dispense anything from lipstick to headphones, perhaps it was only a matter of time before the industry would dream up a new, automated way to help people stock up on marijuana.
American Green, a Phoenix-based medical-cannabis technology company, has unveiled a prototype for a vending machine that uses biometric verification technology to sell controlled....More>>>
Friday was a strong day on Wall Street, as major benchmarks finished higher by 1% to 2%. Market participants focused their attention on the April jobs report, which included a drop in the unemployment rate to 3.9%, its lowest level in more than 17 years. Nonfarm payroll gains of 164,000 weren’t extremely strong, and some saw wage growth of just 2.6% as bad news for workers. Yet from many investors’....More>>>
Enbridge (NYSE:ENB) annouced in 2016 that it would buy Spectra Energy (NYSE:SE) for nearly $28 billion dollars. The deal has yet to close, but is projected to close some time this quarter, likely towards the end of it in March. A few months ago, I wrote about my opinion on the acquisition, particularly as it related to how good of a deal Spectra shareholders received. This acquisition creates the....More>>>
Last Monday, President Trump added another notch to his “America First” belt with the announcement of a new 30% tariff on imported solar panels.
Companies that produce solar cells and panels will get to sell 2.5 gigawatts worth of those energy products to U.S. consumers, but they’ll have to pay a special tax on any sales above that amount. For the first year of this new....More>>>