OXY

Occidental Petroleum Corp

Oil

The Diesel Crisis Is Getting Worse - Here's What to Do

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Here in the U.S., the nation remains under 25 days' diesel supply.With cold weather and snow pressing across the Northeast, American citizens are forced to cut back on heating oil.They’re turning off their thermostats – wrapping themselves in blankets – and shivering in front of Netflix..

This is what happens next...

Oil

“Windfall Tax” or Not, These Oil Stocks Are Still a Buy

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President Biden took another jab at Big Oil yesterday, taking aim at a record $30 billion in combined industry earnings this quarter.He threatened higher taxes on oil companies should they fail to work to lower consumer gas prices.Americans continue to face high prices at the pump – $.3.75 a gallon on average nationwide – despite the Department of Energy releasing millions of barrels of oil from the Strategic Petroleum Reserve.

See their conversation here...

Options

The Best Trades to Profit on the Oil and Gas Recovery

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The term “supercycle” – an extended, mega-bullish run that can take years to run its course – has been making a lot of headlines lately, particularly when it comes to crude oil.

And whether you’ve been through a supercycle before or it’s your very first time, Andrew’s going to walk you through everything, make his predictions, and, best of all, name some stocks to buy and trade to cash in on what’s coming….

Read more...

Oil

The Oil Sector Is Getting Ahead of Itself - Here's How to Profit

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It feels like 10 years ago, but it's really only been about seven weeks since that fateful April 20, when a COVID-19-driven collapse in demand pummeled West Texas Intermediate crude oil futures. Prices hit the floor, fell through it, and landed in negative territory at -$37.63 a barrel.

In those seven weeks, WTI has rocketed almost 200%. The S&P Oil & Gas Exploration and Production Select Industry Index has risen nearly 70%, though it's still down more than 24% for the year.

Over the past few days, though, oil benchmarks have been creeping 2% and 3% lower, which in my experience is a big, neon sign saying "Selling Ahead." And several marquee energy stocks like Occidental Petroleum Corp. and Halliburton Co. are also flashing sell-off warnings.

This reminds me of the old Road Runner and Wile E. Coyote Looney Tunes cartoons – remember them? One of the (many) cheesy running gags had Wile chasing Road Runner only to overshoot him at a cliff. Wile would hang there in midair for a second, have a "Maalox moment," and then drop.

That's not all that different than what's happening in crude right now. Both the commodity and most of its associated stocks entered what market technicians like me call "overbought" territory. Now they're dropping like rocks. Investors are starting to figure out if they're in over their heads.

How do I know? The answer is worth exploring because it can make you a sharper trader. There's one simple, small number you can look at in any stock chart that can tell you instantly how to play it.

I'll get into that briefly and then I'll tell you how to play the oil patch's precarious "Wile E. Coyote" situation… Full Story

I'll get into that briefly and then I'll tell you how to play the oil patch's precarious "Wile E. Coyote" situation... Full Story

stocks

Markets Live Recap: The S&P 500 Just Turned Positive YTD

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The S&P 500 erased all of its 2020 losses on Monday as investors continued their bullishness on the reopening of the economy.

The S&P 500 closed 1.2% higher, the Dow jumped 1.7%, and the Nasdaq was up 1.1%.

Here's what our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - saw today, June 8...

Dow Jones

The Dow Jones Industrial Average Rebounds Today After Monday's 7% Drop

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The Dow Jones Industrial Average could gain back some of yesterday's losses after the Trump administration floated the possibility of a payroll tax cut.

The plan is to ward off any negative economic impact from the coronavirus.

The news comes a day after the S&P 500 lost 7% and the Dow Jones shed more than 2,000 points in a single trading session.

Read more...

Stocks

Warren Buffett Has a Blind Spot for These 3 Dividend Stocks

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When interest rates are as low as they are right now, currently under 2%, investors have to turn to stocks to find higher yields.

But according to Warren Buffett, chair of Berkshire Hathaway Inc., chasing after yield with risky or exotic investments is, well, just plain stupid.

While the Oracle of Omaha hits the nail on the head most of the time, we think he's a little short of the mark here.

Today, well show you why Buffett doesn't follow his own advice, including three dividend stocks that can offer you healthy yield and upside potential...

Stocks

Warren Buffett Just Added a New Stock to His Portfolio... and VQScore Agrees It's a "Strong Buy" for 2020

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Each quarter, investors clamor to dissect the quarterly filings of institutional investment managers with at least $100 million in equity assets under management.

These filings are known as SEC Form 13F. The documents tell you exactly what the some of the most sophisticated investors are doing with their money and the money of their clients or shareholders.

One of the most popular 13F's filed every quarter belongs to the Oracle of Omaha, Warren Buffett. Buffett is the CEO of Berkshire Hathaway Inc. (NYSE: BRK.A), who's stock sells for approximately $327,000 per share.

Buffett is considered the most legendary living investor, amassing an $86 billion fortune over the decades. His secret combines extreme patience and the purchasing of assets that he deems undervalued according to his proprietary intrinsic value calculations.

After examining his latest 13F, something extremely interesting stuck out to me...