Month: May 2020

(Bloomberg) — Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP.In the Permian Basin’s Midland region, about 8% of oil volumes that feed Energy Transfer’s pipe network had been shut at the start of the month, Mackie McCrea, the company’s chief commercial officer, said during a conference call on Monday.“As of today, we’ve seen about 25% of that turned back on,” McCrea said.The reopening of wells shut for as little as a few weeks may undermine U.S. President Donald Trump’s pledge to …read more […]

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Stock futures were flat to slightly higher as the overnight session kicked off Monday, as investors continued to eye states’ reopening plans and mulled recent corporate earnings results. …read more […]

There’s an upside to the coronavirus pandemic…
We now have more time to bury our noses in books!
The mandatory stay-at-home orders from this pandemic have given us the opportunity to refine our skills and explore new passions.
Many of us are going to rejoin the post-pandemic society as masters of bread making, Tik-Tok dances and whistling.
But this is also a perfect time to hone our wealth-building skills.
William Thorndike’s The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success wasn’t a runaway bestseller when it was first released. But it has become a must-read for entrepreneurs and investors.
In the decade since …read more […]

As I’m sure you know, we’ve given you a long list of pandemic winners here in Trade of the Day…
War Room members started by getting into Clorox before anyone else…
They were some of the first to move into Teladoc Healthand Zoom…
Followed by HormelFoods, Flir Systems, AMC Entertainment, Bloomin’ Brands, Bed Bath & Beyond, Pfizer, Ulta Beauty and Tilray.
The point is…
Throughout this lockdown pandemic, Karim and I have successfully navigated members through this market volatility with extreme precision – and tremendous profitability.
And today, with my newest pick, I have every intention of keeping that trend going…
You see, one new stay-at-home position …read more […]

It probably won’t come as much of a surprise to learn that Barrick Gold (GOLD), the world’s second largest gold mining company, is enjoying a successful 2020. Gold performs particularly well during global crises, and hardly any come any bigger than the current pandemic. As a result, the precious metal has been changing hands for prices not seen since 2013. Barrick has benefited from gold’s upward trend, with the mining stock up by 40% year-to-date.CIBC analyst Anita Soni argues Barrick stock has a way to go yet. The analyst reiterated an Outperform rating, while increasing the 12-month price target from …read more […]

Chief Income Strategist Marc Lichtenfeld explains why day trading isn’t for everyone. He shows how to find the best trading strategy for you based on your risk tolerance. There are options out there for every investor – and many of them are becoming more accessible by the day.
I can remember every detail about my first trade 30 years ago. Sitting on my living room floor, with my heart pounding in my chest, I called a broker at Waterhouse Securities. (There was no internet. You had to talk to a broker. And Waterhouse Securities no longer exists.)
I glanced at the research …read more […]

In this edition of State of the Market, Marc Lichtenfeld reviews three of the safest high-yielding dividend stocks available.

Hi everyone Marc Lichtenfeld, Chief Income Strategist with The Oxford Club. Welcome to State of the Market. I want to start off by thanking the 2,000 plus of you who have subscribed to this channel. I’m glad you find the content useful so thank you very much.
You know last week we talked about the highest dividend yields in the market. And I said that size didn’t matter when it came to dividend yields, because what difference did it make if you had …read more […]