Monkey see, monkey do. Today’s article explains why when oil has a bad day, stocks aren’t too far behind. Here’s what they had to say, “Stocks and crude oil have been glued at the hip in 2016 — for better or worse. It was a scary linkage last week when oil prices plummeted to $26 a barrel, dragging the S&P 500 to levels unseen since April 2014. But then oil spiked a ridiculous 23% late last week, carrying stocks sharply higher.” To read more, CLICK HERE.
Together like two peas in a pod…just not as pleasant sounding… Today’s article explains why when oil goes down, stocks seem to slip as well. Here’s what they had to say, “If it feels as if the stock market and oil futures are moving in lockstep these days it’s because, to a large extent, they are. As oil futures plunged in the first two weeks of the new year to 12-year lows, U.S. equities put in the worst-ever start to a new calendar year. The Tuesday price action was no exception. Oil futures CLG6, -1.86% CLH6, -1.45% surged overnight, lifting global equities and sending U.S. stock-index futures sharply higher.” To read more, CLICK HERE.
Today’s article explains what happened Tuesday that left stocks higher. Here’s what they had to say, “U.S. stocks climbed sharply higher Tuesday as a rebound in oil prices helped reinvigorate bullish sentiment on Wall Street. The Dow Jones Industrial Average finished near session highs, posting a triple-digit point gain while the S&P 500 index scored solid broad-based gains, propelling the index to a 1% annual gain with a two sessions of trading left in 2015.” To read more, CLICK HERE.
Are you following any solar panel stocks? Then you might have heard what happened. Today’s article discusses why solar stocks weren’t shining as bright as they have in the past. Here’s what they had to say, “A number of solar stocks are taking a hit Tuesday after hedge-fund manager David Tepper‘s firm Appaloosa Management LP sparked a sell off in SunEdison SUNE -21.22%, Inc. Mr. Tepper’s hedge fund owns a stake of more than 9% in a SunEdison affiliate, Terraform Power Inc.TERP -0.48% Mr. Tepper asked to see Terraform’s books, after recently raising questions about the relationship between SunEdison and Terraform. The request was made public in a regulatory filing Monday.” To read more, CLICK HERE.
Have you been Celebrating the low fuel costs by going on longer drives or maybe driving to your destination rather than fly? Today’s article explains why this year just wasn’t that great. Here’s what they had to say, “As the average gallon of gas has dropped to $2.01, compared to $2.55 a year ago, energy companies find themselves in bad shape. Of the 10 main sectors that comprise the S&P 500 Index, energy stocks declined the most — more than 23%. Overall equities have basically flat-lined this year, according to S&P Capital IQ, but would have gained 2.4% without energy.” To read more, CLICK HERE.
Today’s article discusses two gold mining companies that you may want to check out. Here’s what they had to say, “While some investors took cues from the slow growth in U.S. jobs to buy the safe haven of gold, institutional buyers and hedge funds traded gold for short covering, with expectations of weak prices in the future. Last week’s rise in gold futures served as the perfect launch pad for a rally of gold mining companies. The increasing luster of gold as an investment reflects growing anxiety over 2016.” To read more, CLICK HERE.
While drivers may be celebrating lower oil prices with less than $2.00/gallon gas prices, it isn’t all good news. Today’s article explains how low oil prices are affect stocks in the worst kind of way. Here’s what they had to say, “Stocks around the globe have advanced this month, propelled by expectations that the Fed will keep rates lower for longer. The prospect of further stimulus from central banks in Europe and Asia has strengthened the rally in recent sessions. The Dow Jones Industrial Average has rallied 8% in October, while the Stoxx Europe 600 has gained 6.9%.” To read more, CLICK HERE.
Today’s article discusses gas and oil stocks you may want to check out. Here’s what they had to say, “24/7 Wall St. tracked five key analyst calls that stood out above the rest in the oil patch in this past week. These were all coming with Buy or Outperform ratings, and the analyst reports generally came with a price target that was higher than the consensus price target from Thomson Reuters.” To read more, CLICK HERE.
While some may disagree, today’s article has a conversation with Neil Azous who thinks it may be time to consider buying energy stocks. Here’s what they had to say, “Here’s what they had to say, “And according to one market strategist, a rally in energy stocks is already underway. “I believe a reversal’s already been made,” Neil Azous of Rareview Macro said Monday on CNBC’s “Power Lunch.” “There are enough indicators out there that suggest the time has come.”” To read more, CLICK HERE.
We know the market as a whole has been down in the dumps but what’s happening with oil? Today’s article discusses oil’s performance, here’s what they had to say, “The commodity had spiked more than 8% to its best close in six weeks on Monday after the U.S. Energy Information Administration cut its estimates of U.S. production and on reports the Organization of Petroleum Exporting Countries was considering cutting its own. However, oil prices pulled back on Tuesday on concerns over weakening demand in China, the world’s second-largest economy.” To read more, CLICK HERE.