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OPEC extends production cuts through 2018

November 30, 2017 / www.woodmac.com

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.UPDATE: This week's OPEC meeting in Vienna culminated today in a smooth rollover of production cuts through 2018, with a potential escape clause set for their June meeting. OPEC and non-OPEC countries - notably Russia - agreed to keep...Read More

OPEC extends production cuts through 2018

November 30, 2017 / www.woodmac.com

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.UPDATE: This week's OPEC meeting in Vienna culminated today in a smooth rollover of production cuts through 2018, with a potential escape clause set for their June meeting. OPEC and non-OPEC countries - notably Russia - agreed to keep...Read More

OPEC extends production cuts through 2018

November 30, 2017 / www.woodmac.com

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.UPDATE: This week's OPEC meeting in Vienna culminated today in a smooth rollover of production cuts through 2018, with a potential escape clause set for their June meeting. OPEC and non-OPEC countries - notably Russia - agreed to keep...Read More

OPEC extends production cuts through 2018

November 30, 2017 / www.woodmac.com

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.UPDATE: This week's OPEC meeting in Vienna culminated today in a smooth rollover of production cuts through 2018, with a potential escape clause set for their June meeting. OPEC and non-OPEC countries - notably Russia - agreed to keep...Read More

Nasdaq Wraps Up Worst Day Since August

November 29, 2017 / www.schaeffersresearch.com

The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) started the session hitting record highs, as traders cheered a strong third-quarter gross domestic product (GDP) reading, which helps strengthen the case for a December rate hike. The Dow eventually closed at an all-time peak, as Wall Street continued to bet on bank stocks ahead of this week's GOP tax reform vote, and UnitedHealth (UN...Read More

United Technologies Stock Tests Key Moving Average Ahead of Bullish Month

November 29, 2017 / www.schaeffersresearch.com

For the first half of 2017, Dow stock United Technologies Corporation (NYSE:UTX) was flying high thanks to strong support from the 50-day moving average, finally hitting a record high of $124.79 in July. Since then, though, it's been a rocky ride for shareholders, as the 50-day actually turned to resistance and eventually the equity traded as low as $109 in September. Now, UTX stock is testing the...Read More

This GoPro Supplier Hopes to Buck Ugly Earnings Trend

November 29, 2017 / www.schaeffersresearch.com

While earnings season has mostly wrapped up, some companies are still waiting for their turn in the spotlight. GoPro (GPRO) supplier Ambarella Inc (NASDAQ:AMBA) steps into the earnings confessional this week, reporting third-quarter earnings after the market closes tomorrow. Here's a closer look at AMBA stock's performance lately, and how options traders are playing the GoPro supplier ahead of ear...Read More

2 Real Estate Names That Could Enjoy a Santa Claus Rally

November 29, 2017 / www.schaeffersresearch.com

The Fed is widely expected to raise interest rates at its December meeting, especially in the light of favorable economic data. While conventional wisdom indicates real estate stocks suffer in the face of rising rates, recent history suggests some equities in the sector could enjoy a Santa Claus rally. Below, we'll take a look at theiShares U.S. Real Estate ETF (IYR) and healthcare real estate inv...Read More

Jobs Data Rolls In Ahead of Key Fed Meeting

November 29, 2017 / www.schaeffersresearch.com

Retailers will continue to be in focus next week, as quarterly earnings reports keep rolling in. Among the higher-profile names set to report are Ascena Retail Group Inc (NASDAQ:ASNA), American Eagle Outfitters (NYSE:AEO), and AutoZone, Inc. (NYSE;AZO). However, a busy week of employment data will likely hold the bulk of Wall Street's interest, culminating in Friday's November jobs report. This ma...Read More

3 FAANG Stocks Set for Worst Day in Months

November 29, 2017 / www.schaeffersresearch.com

Stocks are trading mixed this afternoon, with the Nasdaq Composite (IXIC) sinking with tech stocks. Among the names making big moveslower are FAANG stocks Facebook Inc (NASDAQ:FB), Netflix, Inc. (NASDAQ:NFLX), and Alphabet Inc (NASDAQ:GOOGL). Here's a quick look at what's moving shares of FB,NFLX, and GOOGL.Facebook Stock Moves Lower Despite Barclays NoteShares of Facebook stock have moved lowe...Read More

Western Digital Stock Breaches Two Key Technical Levels

November 29, 2017 / www.schaeffersresearch.com

The tech-heavy Nasdaq Composite (IXIC) is in the midst of its worst single-day session in months. Western Digital Corp (NASDAQ:WDC) is one tech stock in particular that is feeling the pain, with the equity breaching two key technical levels today. Here's a closer look at WDC stock's performance lately, and how options traders are playing the tech stock.What was once a solid year for Western Digi...Read More

Dow Hits Record High as Tech Stocks Send Nasdaq Spiraling

November 29, 2017 / www.schaeffersresearch.com

Stocks are all over the place today, as the Dow Jones Industrial Average (DJIA) enjoys another big rally, and the Nasdaq Composite (IXIC) is on pace for its worst day in three months. Like the S&P 500 Index (SPX), the Dow touched another record high earlier, thanks to strong gains from bank stocks, but it's sharp losses from tech stocks -- especially shares of FAANG and semiconductor firms -- that...Read More

Pre-Earnings Volatility Expectations Ramp Up on VMware Stock

November 29, 2017 / www.schaeffersresearch.com

VMware, Inc. (NYSE:VMW) is slated to report third-quarter earnings after tomorrow's close. The information technology stock has a history of positive earnings reactions, closing higher the day after the company reported in five of the last eight quarters. This time around, the options market is pricing in a single-session post-earnings swing of 8.3%, per Trade-Alert, and traders appear to be braci...Read More

The Penny Stock Popping on an FDA Nod; Chipotle Seeks New CEO

November 29, 2017 / www.schaeffersresearch.com

U.S. stocks are trading higher this morning, on hopes for tax reform, and as traders eye Fed Chair Janet Yellen'stestimony. Three stocks making notable moves today are fast-casual restaurant chain Chipotle Mexican Grill, Inc. (NYSE:CMG), drugconcern Capricor Therapeutics Inc (NASDAQ:CAPR), and Chinese automotive parts manufacturer Sorl Auto Parts, Inc. (NASDAQ:SORL). Here's a closer look at wha...Read More

2 Stocks Reeling After Earnings

November 29, 2017 / www.schaeffersresearch.com

Analysts are weighing in aircraft equipment maker Wesco Aircraft Holdings Inc (NYSE:WAIR), quick service restaurant name Wingstop Inc (NASDAQ:WING), and tech stock Autodesk, Inc. (NASDAQ:ADSK). Here's a quick roundup of today's bearish brokerage notes on shares of WAIR, WING, and ADSK. Wesco Aircraft Holdings Stock Hits New Lows After EarningsDeutsche Bank cut its price target on Wesco Aircraft H...Read More

Wal-Mart Upgraded; Marvell, Nuance Communications Gain After Earnings

November 29, 2017 / www.schaeffersresearch.com

Analysts are weighing in on blue chip Wal-Mart Stores Inc (NYSE:WMT), semiconductor specialist Marvell Technology Group Ltd. (NASDAQ:MRVL), and software stock Nuance Communications Inc. (NASDAQ:NUAN). Here's what's moving shares of WMT, MRVL, and NUAN. RBC Upgrades Red-Hot WMT StockRBC this morning upgraded Wal-Mart stock to "sector perform" from "underperform" and bumped its price target up to $...Read More

Dow Futures Signal Another Record Day

November 29, 2017 / www.schaeffersresearch.com

Dow Jones Industrial Average (DJIA) futures are pointed higher again this morning, after the index closed at a record high on hopes for tax reform.Traders are seemingly shrugging off North Korea's latest ballistic missile launch into the Sea of Japan, and President Trump's subsequent remarks that the U.S. will "take care of it." Elsewhere, the second reading of third-quarter gross domestic produc...Read More

What This Rare S&P Feat Could Mean for Stocks in 2018

November 29, 2017 / www.schaeffersresearch.com

Barring a significant pullback over the next couple of days, the S&P 500 Index (SPX) will coast into December on an eight-month winning streak. Below, I look how stocks have performed in December, and then how they've done after these winning streaks, which we've seen just nine other times in history. This might give us an idea of what to expect in the coming month and in 2018.December Returns for...Read More

China: Tesla's Saving Grace

November 29, 2017 / www.energyandcapital.com

It's no secret that Elon Musk could be in serious trouble.No, I'm not talking about the fact that his company won't be profitable anytime soon.You should be well aware of that fact by now, especially given the few Tesla critics who have dared question the future of the $53 billion electric auto giant.One Gigafactory in Nevada won't be enough to dig him out of trouble.A second Gigafactory in Buffal...Read More

Perfect Storm (of the Coming Market Crisis)

November 29, 2017 / bmg-group.com

The comments above & below is an edited and abridged synopsis of an article by Lance RobertsAmerican corporations are levered to the hilt with total corporate debt that has surged to $8.7 trillion-its highest level relative to US GDP (45%) since the financial crisis. In the last 2 years, corporations have issued another $1 trillion of new debt, primarily for share buybacks to boost bottom line ear...Read More

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