NEW YORK (AP) — Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.Stocks drifted lower at the start of trading, followed oil prices higher in the early afternoon, then flipped back to slight losses in the […]
Benchmarks ended Friday’s trading session in the red as investors weighed positive housing and consumer confidence data against slowdown in the U.S. economic growth. However, benchmarks were able to post their biggest monthly percentage gains in more than two years in February. Strong earnings results by retailers and tech companies, firming up of oil prices, and easing concerns in the […]
Markets ended in the red zone for the second-consecutive day on Monday as oil price slide continued to dent investor sentiment. Moreover, dismal earnings outlook also dragged down benchmarks yesterday. However, some merger and acquisition news limited day’s losses. More than 75% of the Dow components ended in negative territory on Monday.For a look at the issues currently facing the […]
Akin Oyedele
Nov. 17, 2014, 2:21 PM
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Pixabay via Google ImagesThe cost of oil affects consumers and businesses in a variety of ways.”Lower oil prices typically affect companies through either (or both) lower input costs or increased consumer spending,” Goldman Sachs’ David Kostin said. “We estimate that a $10 […]
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Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereLight Sweet CrudeThe light sweet crude market had a horrible week as we initially tried to break above the $104.00 level, but then turn right back around to close at roughly $100.50 or so. The candle is the third a very negative one in a row, […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereLight Sweet CrudeThe light sweet crude market initially gapped higher on the open for Monday, but as you can see the $107.50 level offered enough resistance to push the market back down. We ended up closing the open outcry session at roughly $106.00, an area […]
Late January, Marathon Petroleum posted fourth-quarter net income of $2.10 a share and revenue of $24.93 billion. Analysts polled by Thomson Reuters had anticipated earnings of $1.15 a share on $22.78 billion in revenue. “That’s a magnificent 95-cent beat,” Cramer said. “And the company’s gross margin soared to $15.69 per barrel, up huge from $9.25 per […]
There’s always a bull market in energy-you just have to know which sub-sector to buy. So where do my subscribers and I make money right now? You might be surprised by the answer, but first some context…In Q3 2103, oil producers in North America were the place to be, as higher international oil prices (Brent) dragged the North American price […]
