Why This Oil Stock is in the NYSE Cellar

The Dow is up 220 points this afternoon

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

5/24/2021 Have you seen our volatility scorecard? Sign up by clicking here! Stocks Extend Rebound, Dow Up Triple Digits By: Lillian Currens Stocks are extending this morning's rebound, looking to finish the last week of a tumultuous May on a high note. The Dow Jones Industrial Average (DJI) is 220 points higher midday and heading toward its third-straight win, bolstered by strength in stocks tied to the economic reopening. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are following suit, with the tech-heavy latter bouncing back from Friday's drop. Much of this optimism is tied to an update from Johns Hopkins University, pointing to rapidly dropping Covid-19 cases, which just hit their lowest level since June.  In the crypto world, meanwhile, things are looking up. Bitcoin (BTC) is attempting to shake off a rocky weekend of trading, clawing back above the $38,000 mark on Monday. Crypto exchange darling Coinbase (COIN) is also on the upswing, strengthened by BTC's bounce and a bull note from Goldman Sachs. Crypto-linked Tesla (TSLA) looks to be on the rise as well.  Continue reading for more on today's market, including: Billion-dollar merger buzz is sinking Cabot Oil & Gas stock.  Dollar General stock hit with a scathing bear note. Plus, option traders eye floor for ServiceNow stock; SCPS doubles on FDA approval; a biotech stock eyes its worst day on record.  Share on Read More...       What's Next for the U.S. Economy and Stock Market As the American Rescue Plan pushes the federal deficit to $3.4 trillion this year, we are seeing a range of people from the new investor to the savvy expert all wondering what higher interest rates and inflation will mean for their independent financial future. Click here for your free registration to see "what's next." Sponsored In Case You Missed It... Dollar General Stock Dips on BofA Bear Note Dollar General received a downgrade to "underperform" from "neutral" MLM Makes Move Higher After Major Acquisition Martin Marietta Materials is acquiring Lehigh Hanson Inc's West Region business for $2.3 billion HPQ Scores Pre-Earnings Bull Note From Citigroup Citigroup upgraded the stock to a "buy" rating Oil Stock Plummets After Announcing Billion-Dollar Merger Cabot Oil & Gas will buy Cimarex Energy (XEC) in a $7.35 billion deal "Boring Trade" Generates $185 Every Day. Like Clockwork. Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street." For full details, click here. Sponsored Want More Minute-to-Minute Updates? Ranking the most volatile stocks → Schaeffer's Volatility Scorecard Before the market opens → Opening View After the market close → Market Recap Last week's rundown → 5 Minute Market Rundown Analyzing the current market climate → Monday Morning Outlook What's on our CEO's radar this week → Chart of the Week Schaeffer's has a podcast, have you given us a listen?       ADVERTISE // CAREERS // SHOP Be sure to add us to your contacts so you don't miss out on any news! Unsure of how to do that? Follow our instructions located here. For more information about our privacy practices, please review our Privacy Policy or our Terms & Conditions. 5151 Pfeiffer Road Cincinnati, OH 45242 If you didn't create an account using this email address or no longer wish to receive these emails, please unsusbscribe here.