It was a weird feeling on Monday morning seeing the expiring futures contract for oil trade at $11, but it got even weirder as it began trading in negative territory just before close.
| You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here. | | | | |
| | Good morning. If you were certain that the market would continue heading lower on Wednesday, you were wrong, well at least for a day. The difficult part of investing or trading in this environment is that things can change so quickly, and the moves aren't really that small. It's a lot like spring at high elevations. If you don't like the weather, just wait 5 minutes. | | | | | | | | | | DOW 23,475.82 | +1.99% | | | | S&P 2,799.31 | +2.29% | | | | NASDAQ 8,495.38 | -2.81% | | | | *As of market close | | • | Stocks rallied yesterday, rising for the first time in three days. | | • | Oil rose 22.3%, as crude prices stabilized near $14. | | • | Gold rose 2.88%, as it bounced off its $1700 support. | | • | Cryptocurrencies traded higher, with Bitcoin finishing 3.56% higher closing at $7135. | | | | | | | | 4 Low Debt, High Cash Mid Cap Value Stocks to Buy | | | | As you look at the major market indices, the movement is being dominated by a handful of stocks. You can probably reel off their names by heart because you probably use their devices, software, shopping platform or social media app. These behemoths are the market, and so when the market goes down, these stocks will likely lead it lower. An area to look is low debt, high cash stocks with lower capitalization and are trading at a value.
» FULL STORY | | | | | | Option Traders are Smiling Today as Call Volumes Surge and the Price Rises | | | | SmileDirectClub, Inc (SDC) operates a teledentistry platform and provides members with customized clear aligners that the company manufactures using 3-D printing technology. On Wednesday, it traded nearly 100,000 call options, which is over three times the average. One-third of the volume occurred at the ask price and 40% occurred between the market. While the activity wasn't exclusively buy-side, it was mostly on the buy side.
» FULL STORY | | | | | | This Energy Stock has had More Shares Bought by Its CEO than Any other Energy Company | | | | Marathon Oil (MRO) is a Houston-based oil and natural gas exploration company. Of course, with all of the news regarding oil prices turning negative on Monday for the May contract, it makes you wonder about the state of energy and energy companies.
Since the correction in March, the Chairman and CEO Lee Tillman has bought more shares of MRO than any other energy company. He had four different buy transactions totaling nearly 131,600 shares and nearly $500,000 in value.
» FULL STORY | | | | | | | TOP | | HP | 12.148% | | | FLIR | 11.554% | | | EFX | 10.447% | | | PXD | 10.322% | | | DRI | 9.918% | | | BOTTOM | | LB | 15.506% | | | BIIB | 9.422% | | | M | 7.663% | | | UAL | 7.174% | | | AAL | 6.636% | | | | | | | | | The impact of the Covid-19 pandemic on our business has been unprecedented, and I have never seen anything like it in my over seventy years in business | | - Sheldon Adelson, Chief Executive Officer, quoted by Reuters | | |
No comments:
Post a Comment