Slumping oil prices have been a benefit at the pumps, but its wreaking havoc on our nation's energy workforce.
Amid a 55% plunge in crude oil prices since last June, there have been roughly 91,000 energy sector layoffs announced since late December.
Warnings about unstainable debt held by energy companies and a burst of bankruptcies are expected to result in more pink slips.
Here's why that's so troublesome for the U.S. economy...
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The DJIA today soared 263 points, bringing 18,000 back into the Dow's line of sight again. The cause for the surge? Several key deals in the healthcare sector plus big gains for energy stocks.
The S&P 500 energy sector jumped more than 1.8% on the day. Today's most active energy stocks were Exxon Mobil (NYSE: XOM), up 2.45%; and Chevron (NYSE: CVX), up 2.51%.
Here are the day's top stories plus our new profit tip for investors...
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Energy stocks have struggled lately. Since this time last year, the overall sector has dropped 11% while the S&P 500 index rose almost 13%.
But it's important to note: this has left some of the biggest high-yield energy dividend stocks on sale - so investors should grab some shares for a bargain to collect dividends. Because oil will head higher again.
Here are three picks we like to get you started...
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WTI futures tanked last week, with the oil benchmark hovering around $45.50 for April delivery on Friday. But Kent Moors has identified important profit opportunities amidst the carnage - and will share them with you.
Kent has now filed three field reports...
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The primary question on the minds of the energy market elite: Who gets to export oil to the most prized market of them all - Asia?
We had front-row seats to the global discussion. And what a colorful discussion it was!
Here's the consensus the global energy elite came to...
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The Exxon Mobil stock price (NYSE: XOM) hit a 52-week low of $84.03 intraday Wednesday. Shares of the oil and gas giant are sitting at their lowest level in 17 months.
The Irving, Texas-headquartered company has certainly taken it on the chin over the last several months. Indeed, a laundry list of issues plague the stock.
But despite these headwinds, here's why the Exxon Mobil stock price could soon move higher...
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Money Morning Oil and Energy Specialist Dr. Kent Moors is giving a presentation at Windsor Castle on the dubious state of the current energy market...
He's there to discuss the most serious short-term concern regarding the sector and how the widening crisis is a component of national debt.
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Money Morning Oil and Energy Specialist Dr. Kent Moors is giving a presentation at Windsor Castle on the dubious state of the current energy market...
He's also among members of the energy elite from six different continents - this gives him a rare and profitable peek into where the energy markets are going.
Here's the first of a two part post addressing a $5 trillion global problem in the energy market...
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In our 1998 book, Contrarian Investing: How to Buy and Sell When Others Won't and Make Money Doing It, coauthor Anthony Gallea and I made an astounding discovery:
When looking at beaten-down stocks, the single-best "Buy" signal is so-called "insider buying."
You know what I'm talking about - the "legal" insider buying when C-level officers or board members snap up shares of the company they're overseeing.
It makes sense that this would be the best "Buy" trigger on a stock that's been trashed: As insiders, these folks are privy to the most up-to-date internal financial results, marketplace trends, and forecasts. And if there's a particular issue that's been weighing heavily on the company's stock - a lawsuit, product recall, or government investigation, for example - these insiders will be the first to know about a change for the better.
As we've told you in earlier columns, studies show there's a meaningful predictive nature to corporate insider purchases.
But there's another we'd like to talk about today...
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Energy news broke yesterday (Tuesday) when the U.S. Commerce Department imposed steep tariffs on solar panels imported from China and Taiwan.
Money Morning's Global Energy Strategist Dr. Kent Moors made one of his regular appearances on CCTV last night and told viewers what to expect as tensions mount between the two nations.
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The U.S. stock market suffered broad declines Wednesday as global energy prices continue to crater.
Energy stocks slumped yet again as prices hit a five-year-low. Exxon Mobile Corp. (NYSE: XOM) was one of the day's worst performers on the S&P 500, falling nearly 3%.
Here are the top stories from the stock market today...
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The price of oil has slipped consistently since June, dragging most oil stocks down with it.
In June, West Texas Intermediate (WTI) hit a three-year high of $103.66 per barrel. By Tuesday, it closed at its lowest price in more than three years, at $77.19.
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U.S. stock markets were mixed Monday as investors await the results of today's midterm elections. The Nasdaq and S&P 500 ended the day in the red. The Dow Jones today tacked on 17 points. With oil prices slumping more than 3% to multi-year lows Tuesday, energy stocks plunged again.
Here's today's scorecard, as well as the day's most important market notes...
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Oil prices have tanked since June, with WTI and Brent crude both hitting multi-year lows this month.
But that doesn't mean investors should go running from the energy sector. In fact, this natural gas stock is presenting a major profit opportunity as we look toward the end of 2014.
Here's a look at the best natural gas stock to buy now...
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With the stock market now roaring back, investors are left to wonder whether the worst is behind us - or if there's more pain yet to come.
While every segment of the market felt the brunt of the sell-off, energy seemed to drop with a vengeance... but it didn't last for long. As the market bottomed out, energy stocks led the recovery, posting big advances.
Here's what the latest market gyrations tell us about the energy sector...
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