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The bears may be coming back to energy stocks as oil falters. The SPDR Energy ETF (XLE) fell 2 percent yesterday to its lowest close since March 8. It's also the worst-performing major sector fund in the last week, down almost 4 percent. Several negative factors are...
Initial public offerings (IPO) are taking a pause before Uber's (UBER) huge deal next month. That makes it good time to review some of last year's deals. Several companies that went public in early 2018 or late 2017 have pulled back after pushing to new highs in...
Options traders are targeting an obscure Canadian energy stock as oil pushes to its highest level in over four months. Check out the surging call volume yesterday in Cenovus Energy (CVE), which extracts crude oil from the sands of Alberta province: Roughly 33,000...
Someone seems to think the downside will continue in a debt-laden energy stock. McDermott (MDR), a provider of services like offshore drilling and engineering, has lost about two-thirds of its value in the last year. Today a large options transaction looked for the...
Stock indexes, along with crude oil, just closed at their highest levels of the year. Is it the top, or the start of another rally as fear leaves the market? Let's review some of the key points with equities in the midst of their third straight winning month. One big...
Everyone thought this week's big stories would be China or the Federal Reserve. But it might be all the good news in energy. Crude oil futures (@CL) are headed for their biggest gain in over a month after a government report showed inventories shrinking by 8.6 million...
When people think about "commodities," few items spring to mind faster than crude oil. Let's consider a major way to trade it: Nymex WTI crude oil futures. These contracts track the oil most commonly produced in the U.S. and fluctuate with global energy markets....
Energy stocks are rallying this week, and one big investor is targeting an obscure Canadian producer. Roughly 83,000 March 9 calls were bought this morning in Cenovus Energy (CVE), which extracts oil from Alberta's tar sands. The big blocks priced for $0.27 and...
Stocks keep rising as the fourth quarter's gloom continues to lift. The S&P 500 rose 1.6 percent between Friday, January 25, and Friday, February 1. It was the fifth gain in the last six weeks, with every major sector and index moving higher. Good economic news...
Energy stocks are bouncing from long-term lows this year, and one big investor has called a bottom in a key servicing name. Schlumberger (SLB) touched a 13-year low under $35 last month. Today, a large block of puts got sold at that level as a trader looked for the...