Money Morning Premium Content Archives - Money Morning - Only the News You Can Profit From
Gas Prices Are Heading Up (and the Sector That Will Benefit)
The price of gasoline in the U.S. is on the rise again.
Futures prices for RBOB ("Reformulated Blendstock for Oxygenate Blending"), the NYMEX futures contract for gasoline, are up over 11% for the year, and a full 6.6% of that increase has come in the past month.
In fact, gas is up 2.4% over the past week alone. Today, the average retail price is 4 cents higher per gallon than a year ago.
And you can bet that as we move into the "official" start of the summer driving season, the worst is yet to come. Prices will be headed even higher.
So with all the hoopla surrounding our newfound oil wealth and our legitimate move to become energy self-sufficient in as little as a decade, why are gas prices still climbing?Let me explain...
Dow Jones Today: Markets Snap Out of Winning Streak
U.S. stocks slid on the Dow Jones today (Wednesday). The index lost 0.08% to close at 16,501.65. The Standard and Poor's 500 Index and the Nasdaq Composite were both unable to deliver a seventh consecutive winning session. The S&P dropped 0.22% to close at 1,875.39, while the Nasdaq fell 0.83% to finish at 4,126.97.
Despite the downturn, it was an extremely busy day on Wall Street and in the financial world, especially for tech giant Amazon and coffee king Starbucks.Here's a recap of major events affecting U.S. markets today...
Big Data Offers a Unique Way for You to Cash In on Rising Rents
"Rent inflation" is a big deal right now, as soaring rents are creating a "crisis of affordability" that could short-circuit the tech boom.
But whenever a problem like this arises, the most ambitious companies will seek to solve it – while making a hefty profit in the process.
We've uncovered a Big Data firm that has a stranglehold on the U.S. rental market.Here's why we believe its stock can double over the next three years...
Why Marijuana Stock GW Pharmaceuticals (Nasdaq: GWPH) Is Flying High
GW Pharmaceuticals PLC (Nasdaq: GWPH) stock is up more than 50% over the past two days thanks to a bullish and bold call from Morgan Stanley.
The investment firm on Tuesday issued an "Overweight" rating on the U.K.-based company, a leader in cannabis-based drugs, and set an aggressive $103 price target on shares, more than double Monday's close.Here's what else is stoking GWPH stock...
Seven Hot Stocks Today On the Move Due to Earnings Reports
Wednesday is a huge day on the earnings calendar, and several hot stocks today are already riding the momentum of their earnings reports to morning gains of 8% and 7%.
First quarter earnings reports can be a harbinger of things to come for the full year, as companies report how they started their year and announce guidance figures for the rest of the year.Here are the biggest names that have already reported earnings today, and the companies to keep an eye on after today's closing bell...
Apple (Nasdaq: AAPL) Earnings Beat Takes Everyone By Surprise
Apple Inc. (Nasdaq: AAPL) pleasantly surprised Wall Street by comfortably beating expectations when it reported earnings for its March quarter after the market close today (Wednesday).
The tech giant also threw existing holders of Apple stock several goodies, including an expansion of the stock buyback program and an 8% increase in the dividend.it will take more than that to sustain a push back to $600 and beyond...
Three Stocks to Buy to Profit from the $241 Billion Cloud Computing Industry
According to Forrester Research, the "Cloud Computing" industry will grow into a $241 billion industry by 2020. In 2011, the industry was valued at just $41 billion.
That 487% growth has investors looking for the best cloud computing stocks to buy.Money Morning experts have been researching the field and have pinpointed these three stocks as strong profit plays in the cloud computing industry...
How America's Big Banks Are Begging for the Next Financial Crisis
The Volcker Rule is supposed to ban banks from making hazardous and speculative trades.
But the big banks are begging for the chance to make the same kind of moves that got us into the 2008 global credit crisis, one of the worst in the modern world.
It's like they never learned their lesson…It's like they never learned their lesson...