Oil prices jumped more than 5 percent on Wednesday as the dollar fell after the Federal Reserve issued a statement on interest rates.» Read More
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Alcoa Inc. rose 1.6 percent to $13.64 with 17,861,900 shares traded. Bank of America Corp. rose 1.4 percent to $15.68 with 43,538,200 shares traded.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Seabridge Gold Inc. rose 15.0 percent to $6.60. C&J Energy Services Inc. rose 12.8 percent to $12.83.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose 1.7 percent to $13.36 with 22,406,200 shares traded. Bank of America Corp. fell. 2 percent to $15.51 with 49,880,700 shares traded.
Energy stocks eventually will go up unless the global economy collapses. But keep it simple. Don't overthink your basis for a rebound bet.
Some of Wednesday's midday movers:
Some of Tuesday's midday movers:
Some of Friday's midday movers:
WTI crude oil prices are most correlated with oil and gas exploration companies, if history is any guide.
Some of Monday's midday movers:
Energy sector earnings are seen down 19.6 percent in the fourth quarter, according to Thomson Reuters data; on Oct. 1, the consensus estimate was for growth of 6.4 percent. "It won't surprise anyone to see profits fall, so if you have no exposure this is a good time to step in," said Scott Wren, senior equity strategist at St. Louis- based Wells Fargo Advisors, which has an "...
Big oil stocks are still not cheap, but it may be more useful to look at capital expenditures and production estimate metrics.
NEW YORK, Dec 18- Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down. "The proof is that oil turned down and the market said,' Oh, that was yesterday's news, today we're moving ahead,"' said Quincy Krosby, market strategist at...
NEW YORK, Dec 16- The proverbial knife is falling. "With the stocks down so big, seems to be an intermediate opportunity in the group," said Doug Kass, president of Seabreeze Partners in Palm Beach, Florida. Between the beginning of the year and June 23, the sector had gained 13 percent on the back of a steady rise in oil prices and expectations for improved growth.
*Indexes: Dow down 0.7 pct, S&P down 0.9 pct, Nasdaq down 1.2 pct. NEW YORK, Dec 16- U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy. People buy stocks that have done well so you get this bump up, "said Daniel Morgan,...
*Buyback, dividend hike, guidance lift Boeing, 3 M, CVS. NEW YORK, Dec 16- The Dow and S&P 500 were holding onto small gains in volatile trading Tuesday afternoon, helped by a rebound in energy shares and investor bets the Federal Reserve will be cautious in removing support in the face of a more fragile global economy. U.S. crude, which fell as much as 4.1 percent, was last...
HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...
Stocks declined on Wednesday, furthering the week's losses, as crude fell as OPEC cut its demand outlook for 2015.
*Brent above $72 after falling below $68; U.S. crude above $68. *Oil still down nearly 10 pct since Thursday's OPEC meeting. Benchmark Brent crude oil rose $1.90 to $72.05 a barrel, after earlier reaching $72.43.
NEW YORK, Nov 28- U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC's decision not to cut output sent oil traders and analysts scurrying to find a new trading floor. I think people are either going to drive it down further or just let the market collapse, "said Tariq Zahir,...
*Oil falls to 2010 low, Exxon Mobil tumbles. *Retailers higher, Wal-Mart boosts Dow. "Crude seems to have no floor right now, and we could easily see the price drop into the low $60 s," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware.