Trading Ideas

Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after OPEC reached an agreement to increase oil production by one million barrels per day on a nominal basis. On a net basis, various figures around 600,000 to 800,000 are being touted.

Here’s the performance of select energy stocks as of 10:30 am ET:

MRO Marathon Oil Corp 8.76%
APC Anadarko Petro 6.68%
PE Parsley Energy Inc 6.44%
FTI(HB) TechnipFMC plc 5.95%
DVN Devon Energy 5.95%
NFX Newfield Exploration 5.95%
CLR Continental Resources Inc 5.84%
CVE(HB) Cenovus Energy Inc 5.49%
NBL Noble Energy 5.06%
COP ConocoPhillips 4.70%
HES Hess Corporation 4.51%
CNQ Canadian Natural Resources 4.47%
TRGP Targa Resources Corp 4.44%
EGN Energen Corp 4.39%
ECA EnCana Corporation 4.31%
HAL Halliburton Co 4.23%
BP BP P.L.C. ADS 4.14%
PXD Pioneer Natural Resources 4.13%
CQH(HB) Cheniere Energy Partners LP 4.12%
LNG Cheniere Energy 4.11%
SLB Schlumberger Ltd 4.04%
TOT Total ‘B’ ADS 3.96%
NOV National Oilwell Varco Inc 3.57%
HP Helmerich & Payne 3.56%
CXO Concho Resources Inc 3.47%
E(HB) Eni S.P.A. ADS 3.53%
RSPP RSP Permian Inc 3.42%
ETP(HB) Energy Transfer …read more […]

The benchmark Brent crude jumped 1.9 percent to $74.48 a barrel, following three days of declines, after OPEC agreed on Friday to raise production by around 1 million barrels per day from July for the group and its allies, according to a source. Exxon Mobil rose 2.1 percent and Chevron gained 3 percent providing the biggest boost to the S&P 500 and the Dow. A recent rally in oil prices due to an OPEC decision to restrict supply in an effort to drain global inventories, has helped S&P energy be the best performing S&P sector in the last …read more […]

Southwest (LUV) runs into yet another difficulty amid passengers’ doubting its safety measures and suing the carrier on the same. …read more […]

Let’s talk about the popular Baidu Inc (NASDAQ:BIDU). The company’s shares saw a decent share price growth in the teens level on the NasdaqGS over the last few months. WithRead More… …read more […]

Caterpillar Enters Oversold Territory …read more […]

There are a number of reasons that attract investors towards large-cap companies such as General Electric Company (NYSE:GE), with a market cap of US$112.48b. Big corporations are much sought afterRead More… …read more […]

Investors might think these two companies are being left behind, but they’re adapting for the future and offer savvy investors a solid dividend. …read more […]

It is a tentative five-year deal. …read more […]

Jun.21 — Chinese President Xi Jinping hit back at critics, saying those who think the nation’s opening up is “a joke” haven’t seen the confidence that Chinese people have in reform efforts. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Asia.” …read more […]

LOS ANGELES/SAN FRANCISCO (Reuters) – Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. The latest cuts to the division that was once SolarCity – a sales and installation company founded by two cousins of Tesla CEO Elon Musk – include closing about a dozen installation facilities, according to internal company documents, and ending a retail partnership with Home Depot Inc …read more […]

Gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. Check out these casino stocks today! …read more […]

Google is a slightly different company now than it was in 2015, before Sundar Pichai took over from Larry Page to be the company’s new CEO. One of the changes Pichai implemented was a simplification to the goal-setting process, known as Objectives and Key Results (OKRs). …read more […]

When Intel announced the resignation of its CEO Brian Krzanich on Thursday the whole world was surprised. Harvard Professor David Yoffie had been an Intel board member for 29 years until he stepped down in May. And he was as shocked as the rest of the business world when Intel announced on Thursday, just one month later, that CEO Brian Krzanich was resigning effectively immediately. Krzanich left Intel after the board discovered he had a relationship with an Intel employee, violating the company’s rules about managers “fraternizing” with their employees, Intel said. …read more […]

The “Pirates of the Caribbean” star admits to money problems. …read more […]

Another stock we’re watching is Intel shares dropping as CEO Brian Krzanich is forced out at after it was revealed he entered into a ‘consensual relationship’ with a direct report – Myles this is against Intel’s employee guidelines, so he had to go, but this is a big blow for the chipmaker, isn’t it – the stock is up nearly 120% since he took over in 2013…
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