Day: May 2, 2022

Bear Market Rally
Stock Market Correction

Stock Market Rebound Not Far Off as ‘Fears Overblown,’ JPMorgan Strategists Say

(Bloomberg) — The negativity in the U.S. stock market has become so overwhelming that a rebound may not be far off, JPMorgan Chase & Co.’s strategists say. In a note to clients, analysts led by Marko Kolanovic pointed to the closely watched American Association of Individual Investors survey hitting the most bearish mark since early […]

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US Treasuries

U.S. Treasury Now Sees $26 Billion Paydown in Debt This Quarter

(Bloomberg) — The U.S. Treasury now anticipates a paydown in government debt this quarter, a turnaround after previously estimating net borrowing during the period, amid a surge in tax revenue. The Treasury’s new projections, released in Washington Monday, show debt managers now expect to pay down $26 billion of debt in the April-through-June period. That […]

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Energy Stocks
Trade Of The Day

You Do Not Want To Miss Phillips 66 (PSX)

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market. PSX $87.5500 0.7900 % 0.9100 Phillips 66 Sector : Oils-Energy Industry : Oil – Refining and Marketing […]

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Dry Bulk Shipping
Shipping Transportation
Top Stocks
Top Stocks To Watch

3 Shipping Stocks To Buy Now

Click the symbol for the chart and signal Tsakos Energy Navigation Limited (TNP) Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. Ardmore Shipping Corporation (ASC) Ardmore Shipping […]

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Automotive Retail
Bank Holding
Crude Oil
Daily Rundown
Energy Stocks
Production Services

Energy, Crude Oil, Banks, Automotive, Production Services

Marathon Petroleum Corporation (MPC) Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. Exxon Mobil Corporation (XOM) Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. […]

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Stock Market Correction
Stock Market Crash

Bulls Have Much ‘Explaining To Do,’ Morgan Stanley’s Wilson Says

(Bloomberg) — The selloff in U.S. stocks has a lot further to go, according to one of Wall Street’s most vocal bears. “We think the S&P 500 has minimum downside to 3800 in the near term and possible as low as 3460,” Morgan Stanley’s chief U.S. equity strategist Michael Wilson said. The gloomy forecast implies […]

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Crude Oil
Natural Gas
One Hot Stock

Cenovus Energy Inc. (CVE)- Buy Price: $19.15 or better

Buy Price: $19.15 or better Sell Price: TradersPro Sell Signal Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.  The […]

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Consumer Discretionary
Consumer Retail
Value Investing
Value Stocks

BBY is down -36% from its 2021 peak. Where is its value price?

Through most of the past two years, one of the surprising stories is the way that a lot of traditional, brick-and-mortar retail companies found creative ways to shift their operations to work in a COVID-restricted world. Along with unprecedented stimulus like extended unemployment benefits that shielded a lot of Americans from the worst economic impacts […]

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Tech Industry
Tech Stocks

Amazon Deepens Gloom for Battered E-Commerce Stocks

(Bloomberg) — The historic rout in Inc.’s shares last week highlights how difficult the environment has become for e-commerce stocks after their pandemic-driven boom, with investors set for another rollercoaster in coming days. Etsy Inc., Wayfair Inc. and Shopify Inc. are hurtling toward earnings reports this week in the shadow of Amazon’s worst selloff […]

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