The OPEC meeting concluded today, and as expected, there was no agreement on an output ceiling.
This caused oil prices to fall roughly 1.5% in early morning trading.
by Alex McGuire
The OPEC meeting concluded today, and as expected, there was no agreement on an output ceiling.
This caused oil prices to fall roughly 1.5% in early morning trading.
The new Saudi oil minister, Khalid Al-Falih, was unsuccessful in convincing Iran to stop its excessive oil production.
OPEC met today in Vienna, but was unable to reach an agreement. Because of the excessive oil production, prices could be on the verge of plummeting.
You can determine the top 5 penny stocks to buy now with these tips – but you could also just take our tips and our stock picks, too.
What do you do after you double your money? Most people will say you have three options: cash out, use a trailing stop, or ride the stock.
by David Zeiler
You can tell a stock market crash is lurking on the horizon by watching the behavior of hedge fund managers.
As a group, they've been fleeing stocks since early February. They believe the Federal Reserve's low interest rate policies, trouble in China, and a limp U.S. economy spell trouble for stocks.
Retail investors will want to protect themselves.
And the best strategy is to buy what these hedge fund managers have been buying...
The Dow Jones Industrial Average is falling today ahead of an important OPEC meeting.
Investors are worried that the meeting won't be productive, and investors are also worried that the global economy will start to suffer because of excessive production of oil.
It's come down to Paul Ryan vs. Mitch McConnell in the congressional battle of spending bills this summer.
Who will win?
The market is sending us decidedly mixed signals right now. We've had some welcome upward moves lately, notwithstanding a little halfhearted profit-taking yesterday.
Analysts all have different explanations for the buoyant markets – oil prices, the strong dollar, an uptick in dealmaking, and now even surging new home sales. Those are all to the good, but I think they're overestimating the importance of those factors.
Don't get me wrong – it's OK to get excited about the rally, because there are some constructive technical reasons to like it. Critically, lots of stocks in most sectors have come along for the ride.
But here's where those mixed signals I was talking about come in. The welcome upward moves just haven't been able to get the markets out of the "box" they've been stuck in for the past eight weeks or so. And, as you'll see, there's still a great deal of uncertainty about one sector in particular.
So I'm going to show you what my technical analysis reveals about how we can get "out" of the box, and where we'll likely land when we get there.
And then I'll recommend some profit plays to make right now...
The Dow Jones Industrial Average managed a slight gain today despite lackluster auto sales.
But the auto sector wasn't the only thing moving the stock market today.
Here's a recap of today's market performance, including closing numbers and stocks to watch...
by Alex McGuire
Crude oil prices today declined by more than 2% to below the $48 mark.
The price drop comes as investors remain anxious ahead of one of the biggest oil meetings of 2016.