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Strong Stocks on My Shopping List

Sometimes Christmas comes earlier than expected. 2020 might prove to be that type of year, just like 2009 was, more than a decade ago.
But don’t get me wrong. We still have a long way to go before there can be any type of celebration. It will probably take a year, at the earliest, before the economy turns around.
So until then, we must be ready for volatility.
However, the stock market is forward-looking, and the “rally” in stocks will happen well before there’s any recovery in the economy. That’s why you must have your shopping list ready now and be ready to …read more […]

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Explainer: Antitrust law won't get in the way of U.S. acting to raise oil prices

It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday. A two-thirds drop in oil prices in the last three months has swiftly changed Washington’s thinking on whether or not it should meddle in the energy market. …read more […]

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Oil Tanker Stocks: Is Now the Time to Invest?

Oil tanker stocks represent an important part of the shipping industry. They are also highly related to the energy industry due to the nature of their cargo. But does that mean you should invest in them?
Oil itself is a risky investment right now. Energy Expert David Fessler has recently explained why. Not only has the coronavirus affected the markets broadly, but the world is also dealing with a Russia-Saudi Arabia price war. That’s why he recommended getting out of oil right now.
On the other hand, my colleague Rob Otman has another take. He thinks a play on oil stocks that …read more […]

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Feds Come to Rescue of Flyers With Hardball Mandate to U.S. Airlines on Refunds

U.S. airlines must refund passengers when they cancel flights due to the coronavirus pandemic, the federal government said Friday, a blow to at least two carriers that have been making it difficult for customers to recover their money. The pro-consumer move is consistent with the U.S. Department of Transportation’s usual policy, though there was some […] …read more […]

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Trump Convenes Fractious U.S. Oil Rivals in Bid to Reverse Rout

(Bloomberg) — President Donald Trump will convene an extraordinary gathering of the oil industry’s competing factions at the White House on Friday, as a global pandemic and oil-price war weigh on markets.Chief executives of the nation’s biggest refiners and producers are expected to discuss possible relief efforts from the administration, including potential cuts in U.S. production to bring the price of crude back from a historic plunge, according to people familiar with the matter.But there are deep divisions among the various factions over what should be done, especially on the question of possible tariffs on Saudi Arabian oil, which may …read more […]