Surprise crude oil production cuts from Saudi Arabia and other oil-rich countries shouldn’t produce worries of skyrocketing gas costs for U.S. drivers still smarting from last year’s pump price shocks, according to fuel industry experts. At a time when gas prices are already increasing because of rising seasonal demand, the slashed crude oil output that…
These were some of the biggest movers and shakers in premarket trading Wednesday: Stock gainers: Occidental Petroleum Corp.’s stock OXY, -1.35% rose almost 3% premarket after filings disclosed that Warren Buffett’s Berkshire Hathaway Inc. had upped its stake in the energy company by 6 million shares, taking its total to over 200 million shares worth…
Some quality stocks are being heavily discounted now because environmental, social and governance (ESG) investors shun them. Consider the energy giants TotalEnergies TTE, +3.19% and Shell SHEL, +3.29%. Shares of these two Europe-based companies trade at half the valuation of their U.S. counterparts. “It’s absurd,” says Dan O’Keefe, manager of the Artisan Global Value…
BP on Tuesday said it was boosting spending on oil and gas as much as it will on what it calls “transition growth engines,” a sign of both the pushback energy giants have received for their moves into the renewable energy space as well as the need for energy security and affordability. BP BP, -0.88%…
Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP, +2.00% for Thursday. The S&P 500 SPX, +1.05% is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com,…
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ favorite stocks among the benchmark S&P 500 SPX, the S&P 400 Mid Cap Index MID and the S&P Small Cap 600 Index SML that are…
Harris Kupperman, the president of Praetorian Capital, made a couple of interesting calls heading into 2022. He predicted that stocks of the giant tech-oriented companies that led the bull market would be sold off, and that oil prices would continue to rise through the end of 2022. The first prediction came true, while the second…
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow is improving. Below is a broad screen of REITs that have high dividend yields and are also expected to generate enough excess cash…
The Russian assets of major global corporations could be seized by the Kremlin amid the ongoing fallout from Russia’s invasion of Ukraine, according to new research. With the war now in its sixth month, the Moral Rating Agency has released new data on 47 of the largest companies in the world, which it says have assets at…
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts considerably. There are different approaches to selecting dividend stocks. For example, John Kornitzer, who co-manages the Buffalo Flexible Income…
Oil prices seesawed Thursday, after the Organization of the Petroleum Exporting Countries and its allies agreed to boost output by a larger-than-usual amount in July and August but failed to dispel worries over the supply gap expected to be left by Russian crude. Price action West Texas Intermediate crude for July delivery CL.1, -0.15% CLN22,…
Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in years haven’t tempted U.S. drillers to boost output: Their executives are no longer paid to. Executives at firms including Pioneer Natural Resources Co. PXD, -1.48%,…
The “E” in environmental, social and governance investing has always garnered the most attention. New fund launches so far this year are no different. Asset managers opened 24 funds in the first quarter, including 15 exchange traded funds, with sustainable mandates, according to Morningstar data. A fifth of those focus on climate action. Alyssa Stankiewicz,…