President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Here are the biggest calls on Wall Street on Friday:
D.A. Davidson said its view does not reflect a negative view of the company or its ability to execute, but rather the size of the total addressable market and the number of frequent purchasers.
"We think Beyond Meat has achieved a significant breakthrough which legitimizes a nascent segment (plant based meat) within a $1.4T category; our thesis does not reflect a negative view of the company, the quality of its portfolio, or its ability to execute. Rather, our cautious approach to the total addressable market—specifically, fewer likely frequent purchasers of plant based meat as compared to milk given roughly half the number of non meat eaters versus lactose intolerant—informs long term forecasts we believe are lower than the consensus view."
Read more about this here.
KBW downgraded the stock on the escalation of the trade war impacting economic growth, as well as prospects for further Fed rate cuts.
"We recently upgraded shares of Bank of America as we had expected economic conditions to improve. However, post the Fed's rate cut we got an escalation of the trade war which is now expected to lower economic growth and we now forecast further rate cuts from here which will pressure BAC earnings. Our updated estimates based on KBW's Economic Baseline are below consensus and in a falling rate environment where the yield curve remains inverted, we believe that creates an environment where it will be difficult for shares to outperform and a Market Perform is appropriate."
Read more about this call here.
"We initiate amid market worries over both capacity growth and demand weakness. In this environment of fear, our work suggests that US airlines can generate free cash flow in a range of scenarios, particularly for our Buy-rated stocks. We think there is selective opportunity in the sector on our outlook for pre-tax 2020 margin expansion amid pricing concerns from above-trend capacity growth."
Goldman predicted Kellogg would see accelerating organic sales and improved profit margins in its upgrade of the stock.
"We also raise our target price to $72 (from $58), which implies 14% upside to shares from current levels. A number of changes have occurred at the company in recent years that we believe will sustain a faster growth trend at K than the company has been able to historically achieve; primarily a strategic pivot to snacks (vs. its legacy cereal-first approach) and completed M&A (albeit at lofty valuations) which has bolstered its EM exposure."
Goldman said that consensus estimates for earnings and sales are "too high" in the near term.
"We downgrade CAG to Neutral from Buy as we lower our estimates and price target on fresh analysis of its portfolio. While we continue to see a path to outsized synergy and deleverage-fueled EPS growth for the company over the next three years, we believe both management and FactSet consensus estimates for sales and earnings may be too high in the near term. This near-term risk balances our longer-term optimism and causes us to step to the sidelines for now."