Oil prices are coming back to life. Global demand is soaring on the back of booming global GDP growth and oil inventories are plummeting even during winter which is a historically slow period for demand. As oil prices and the cash flow of oil companies rise, oil producers will inevitably return to offshore with its long life assets. In this environment, offshore drillers are set to outperform. Even....More>>>
U.S. equities mostly finished lower on Thursday as the bulls cooled their heels after a multi-day push to new record highs. Hopes for a bipartisan deal on taxes dimmed slightly after President Donald Trump and Congressional Democrats differed on whether border wall funding would be part of the agreement.
In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 lost 0.1%,....More>>>
Source: ThinkstockAugust 2, 2017: The S&P 500 closed relatively flat at 2,477.51. The DJIA closed up 0.2% at 22,016.04. Separately, the Nasdaq closed relatively flat at 6,362.65.
Wednesdays session saw the Dow hit a new all-time high almost solely on the back of Apple, which had a gain of more than 5% on the day. Although Apple did not make the biggest percentage gain in the S&P 500....More>>>
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>>>
Phone interview, recorded Monday, Dec. 18, 2017. Interview edited for clarity.
Aaron Gentzler, Publisher: Ray, thanks for taking a few minutes this afternoon. First, can you tell me your biggest win of 2017?
Ray Blanco, Editor, Technology Profits Confidential, Breakthrough Technology Alert, Penny Pot Profits, FDA Trader: From a pure gain perspective, it was Nvidia (NASDAQ: NVDA). From....More>>>
It was a nothing day–until word spread that OPEC was seriously considering capping oil production. Then it was off to the races.
The S&P 500 0.5% to2,171.37 today, while the Dow Jones Industrial Average gained 110.94 points, or 0.6%, to18,339.24. The Nasdaq Composite advanced 0.2% to5,318.55. The S&P 500 was down 0.04% at 2:10 p.m. today, before the OPEC....More>>>
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Seadrill Ltd (NYSE:SDRL) is deep into penny-stock land these days. A low-priced stock is often a bad investment. Just because it’s cheap, doesn’t mean it’s a bargain. Too often, while there can be huge gains in penny stocks, the risks are huge, as well. Given its recent problems, SDRL stock is not what it once was.
Seadrill used to be a high-flying company.....More>>>
Crude oil futures were up Tuesday, with prices headed closer to session highs reached in the prior U.S. session, as expectations that the Organization of the Petroleum Exporting Countries will extend production cuts until early next year continued to boost trading sentiment.
The news, announced during a joint press conference by Saudi Arabia and Russia on Monday, lifted prices by as much....More>>>
Shale oil producer Whiting Petroleum (NYSE:WLL) is all set to benefit from an improvement in oil prices going forward as the company has managed to reduce its losses even in a challenging environment due to its cost control. In fact, driven by its focus on reducing costs, Whiting was recently upgraded by Stifel to “Buy” from “Hold” with a price target of $15. This implies....More>>>