🦉 Oil swings have led analysts to recommend these 2 stocks
Once one of the best-performing sectors in the economy, on a three-year basis, energy stocks are now beginning to show some signs of weakness due to structural cracks. On a year-to-date basis, this former champion has lagged the S&P 500 by 8.0%, as judged by the Energy Select Sector SPDR Fund (NYSEARCA: XLE). Now that international and domestic developments have led the United States to seek new oil import partners, a couple of companies have risen to the occasion to gain analyst preference and recommendations. Names like Crescent Point Energy (NYSE: CPG) based in Canada, and ConocoPhillips (NYSE: COP) based in the U.S. Playing chess is typically required to make money in a situation like this. .
Equity markets rebounded on Wednesday, bolstered by the FOMC policy decision. The FOMC held rates steady as expected and made little to no change in the statement. The most glaring change is the outlook on economic growth, which was upgraded. The committee says the economy expanded rapidly, ultimately bad news for stocks. With economic activity still robust and potentially accelerating, the odds that inflation will recede to 2% soon are dwindling. In this scenario, the FOMC may not hike rates again this cycle, but the first interest rate cut is a long way off.
The S&P 500 gained over 1% on Wednesday, extending the rebound to 3 days. The caveat is that this move is a relief rally within a downtrend and below critical resistance. If the market can not extend the rally on Thursday, there is a chance the sell-off will resume. In this scenario, it doesn't matter what the Fed does now, only the impact on earnings and the outlook for S&P 500 earnings growth.
Once one of the best-performing sectors in the economy, on a three-year basis, energy stocks are now beginning to show some signs of weakness due to structural cracks. On a year-to-date basis, this former champion has lagged the S&P 500 by 8.0%, as judged by the Energy Select Sector SPDR Fund (NYSEARCA: XLE). Now that international and domestic developments have led the United States to seek new oil import partners, a couple of companies have risen to the occasion to gain analyst preference and recommendations. Names like Crescent Point Energy (NYSE: CPG) based in Canada, and ConocoPhillips (NYSE: COP) based in the U.S. Playing chess is typically required to make money in a situation like this.
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy. Layoffs fell to 1.5 million from 1.7 million in August, more evidence that workers enjoy an unusual degree of job security. The number of Americans quitting their jobs — a sign of confidence they can find better pay elsewhere — was virtually unchanged.The September openings are down from a record 12 million in March 2022 but remain high by historical standards. Before 2021 — when the American economy began to surge from the COVID-19 pandemic — monthly job openings had never topped 8 million.
Shares of Johnson & Johnson (NYSE: JNJ) slid 4.84% lower the week ending October 27, as the company’s subsidiary LTL Management is facing a raft of lawsuits pertaining to talc in its baby powder. Financially, a bankruptcy for that unit would make sense, so the company could avoid substantial payouts that could put a dent in earnings. Strategically, it could also put trials on pause while the company negotiates with plaintiffs’ attorneys. There have already been two previous bankruptcy filings by the LTL Management unit, although those cases were dismissed. Johnson & Johnson stock has been struggling, posting a three-month decline of 15.49% and a year-to-date decline of 15.59%.
DoorDash powered past sales and earnings expectations in the third quarter, saying a growing mix of stores and faster service is drawing customers in the U.S. and abroad.The San Francisco delivery company said Wednesday its total orders grew 24% to 543 million in the July-September period compared to the same period a year earlier. That was well above the 521 million orders Wall Street had forecast, according to analysts polled by FactSet.DoorDash said revenue jumped 27% to $2.16 billion, also ahead of the $2.09 billion analysts were expecting.DoorDash shares jumped more than 7.5% in after-hou...
Recent retail trends beg the question of which companies are getting money from the consumer. Walmart (NYSE: WMT) and Target (NYSE: TGT) reported that consumers were shifting from discretionary to everyday health and beauty products, affecting their inventory positions and store focus. Results from the consumer products companies suggest that money is flowing toward them. Consumer products include health, beauty, and everyday items such as toilet paper, toothpaste, and shampoo, many of which have enduring brand loyalty. Consumer staples stocks, including product makers such as Proctor & Gamble (NYSE: PG), have struggled to gain traction in 2023, but the stage is set for them to shine in 2024.
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Airbnb said Wednesday it earned $4.37 billion in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue during the summer travel season.However, the rental giant's forecast of fourth-quarter revenue fell short of Wall Street expectations.Its shares fell more than 2% in after-hours trading.Airbnb said that excluding the tax benefit, net income would have been $1.6 billion, up from $1.2 billion a year earlier.Revenue rose 18% to $3.4 billion as the company saw a 14% increase in bookings and slightly higher average prices for short-term rentals. Analysts expect...
Intel (NASDAQ: INTC) stock is beaten down, but the bottom is in, and the rebound is on. Headwinds persist and may impact price action in the near term but are offset by proof the turnaround is working, and momentum is building. Takeaways from the Q3 results include top and bottom-line outperformance, sequential earnings growth, and better-than-expected guidance that may be cautious. If management can continue to execute plans as it has, shares of the stock should trend higher for the next several years. #1) Intel is executing and delivering results Intel had a solid quarter despite a contraction in revenue compared to last year.
A common misconception about entrepreneurship is that when you work for yourself, you'll never have to search for a job again. In fact, it's often the opposite. When you're self-employed as a contractor or freelance worker, you have to pitch yourself and your talents to bring in new clients. That means keeping a solid resume handy, and AI Resume Builder can help you do just that. We're offering it at an extra discount from November 1 to 9 as we gear up for Black Friday.This tool combines an AI resume writer and an ATS-friendly resume builder in a single place. Drag-and-drop layouts make it eas...
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