(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 […]
Read More(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 […]
Read MorePhillips 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 […]
Read MoreClick 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 […]
Read MoreMarathon 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. […]
Read More(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 […]
Read MoreBuy 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 […]
Read MoreThrough 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 […]
Read More(Bloomberg) — The historic rout in Amazon.com 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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