Chris Johnson picks out an oil penny stock that's ideally timed for a rally.
Oil is sitting at prices we haven't seen since 2018, and gas is averaging above $3.08 nationwide.
You can more than offset the "pinch at the pump" with three small oil stocks Mark Sebastian's going to name.
For less than the price of a tank of gas, you can double your money – or better.
Monday's stock market declines weren't unexpected, though the extent of losses was shocking.
Investors had been selling stocks for the previous two weeks on coronavirus fears, starting immediately after U.S. benchmark indexes made record highs on Feb. 12, 2020.
A "dead cat bounce" last week didn't fool seasoned traders, who saw huge inflows into U.S. Treasuries last week as a warning sign there was more equity selling to come.
As COVID-19 hotspots cropped up across the globe and infections rose along with fatalities in U.S. cities and states over the weekend, right on cue, sell orders flooded brokerages before markets even opened Monday morning.
So many sell orders in fact, markets couldn't open. Instantaneous and extraordinary selling knocked stocks "down limit," or 7%, at the open, triggering a "circuit breaker" halt to trading for 15 minutes.
After 15 minutes, exchanges let stocks trade again, and they fell another 1% before buyers, probably computer-driven algorithms, started buying beaten-down names like Microsoft and Amazon.
But buying volume was thin all day, and sellers more often overwhelmed attempts to lift stocks higher.
Stocks closed 144 points off their session lows of 2,158, ending down 2,013.76 points to 23,851.02. That's a 7.79% drop in one day and a 19.3% drop since Feb. 12.
Most evident in yesterday's carnage were the market's worst enemies: fear and panic. That tells me something about what I'm watching today… Full Story
The Dow Jones today will rise as markets fully anticipate the Federal Reserve will cut interest rates on Wednesday. However, several Fed members have openly questioned the logic of a rate cut of up to 50 basis points due to recent positive economic data. The U.S. has just seen a lowering unemployment rate, high GDP, and the 49-year low rate of Americans seeking unemployment benefits.
The Dow Jones today jumped 50 points on Monday morning as manufacturing giant Caterpillar Inc. reported stronger than expected earnings before the bell.
Shares of Caterpillar 3.5% after the firm hiked its quarterly outlook and said that tariffs would hit the firm's bottom line.
The solution to rising tariffs is to increase prices, the company said.
The Dow Jones futures are on the rise in premarket hours as the index aims to reach a 12-day winning streak.
On Friday, the Dow gained 11 points in the final few minutes of the trading session and extended its gains for the 11th consecutive trading session.
The Dow Jones Industrial Average today is down after OPEC has seemingly reached an agreement to stop excessive oil production.
The details are murky, though, and it's not a guarantee that the agreement will be kept.