Ford, Alibaba Remain Lodged in Thursday’s 52-Week Low Club
Ford, Alibaba, Snap, and Applied Materials all posted new 52-week lows again Thursday.
All Work
Paul Ausick
Chevron, Exxon Hammer the Dow Thursday
For the second consecutive trading day, all 30 Dow stocks closed lower Thursday. Exxon, Chevron, Pfizer, and McDonald's were the biggest losers.
Banks, Lampert Going After What’s Left of Sears
Legendary retailer Sears is looking for a savior before loan repayments of some $134 million come due. There are two competitors for the honor, including the store's CEO and largest investor.
Walmart Ups Its Investment in Streaming Video Content
Walmart on Thursday announced another step into the world of streaming video. The company is creating a joint venture with video technology startup Eko to create content for the world's largest brick-and-mortar retailer.
More Than 14 Million Personal Records Exposed in September
A total of more than 14 million consumer records were exposed last month in 57 different incidents according to research reported this morning from the Identity Theft Resource Center.
Crude Oil Price Rebounds Slightly on Another Big Increase in Stockpiles
U.S. crude oil inventories rose by 6 million barrels last week, more than analysts had forecast and enough to keep downward pressure on prices.
Natural Gas Price Steady Following Expected Storage Increase
The U.S. natural gas stockpile rose by 90 billion cubic feet last week, in line with analysts' expectation. Cooler weather ahead could lift demand and prices.
Elon Musk: When Strengths in Excess Become Liabilities
In order for Elon Musk to build Tesla and SpaceX into the companies he envisions, he must be willing to lose a few battles according to Loup Ventures analysts Gene Munster and Doug Clinton.
Saudi Arabia, Russia Boost Oil Supply by 250,000 Barrels in September
In its monthly Oil Market Report for October, OPEC lowered its demand forecast for both 2018 and 2019, adding strength to the cartel's contention that there's plenty of oil to meet demand.
Walgreens Needs More Help From Its Rite Aid Stores
Walgreens reported fiscal fourth-quarter and full-year 2018 results this morning. The company beat on profit estimates but was a little short on revenues. Overall bearish sentiment among investors made matters worse.
Alibaba, Ford Drop into Wednesday’s 52-Week Low Club
Alibaba, Ford, Snap, and Applied Materials all posted new 52-week lows Wednesday.
Boeing, Microsoft Tank the Dow Wednesday
On a really bad, not-very-good day for equities markets, none of the Dow 30 stocks closed with a gain. The leading losers were Nike, Boeing, Microsoft, and Visa.
US Gasoline 2019 Price Forecast Rises Again
The U.S. Energy Information Administration on Wednesday released its October Short-term Energy Outlook along with its Winter Fuels Outlook. The short version is that energy will cost more, but not an awful lot more.
US CEOs Still Leaving Their Jobs at a Near-Record Pace
Outplacement firm Challenger, Gray & Christmas reported Wednesday that 148 CEOs left their companies in the month of September, the second-highest total so far this year.
Mexico Adds 180 Million Barrels to Reserves With New Discovery
Mexico has announced an oil discovery in the southeast Gulf of Mexico that adds more than 180 million barrels to the country's reserves. There's more to the story, however.
Sears Bankruptcy Filing Is Inevitable
Sears Holdings is expected to file for bankruptcy protection by the end of the week, drawing to a close a 125-year long chapter in American retailing.
Pentagon Weapons Full of Cyber Holes
U.S. weapons systems are vulnerable to a wide range of cyber attacks according to a new report from the GAO. The number of vulnerabilities rises as the systems become increasingly networked.
Short Interest in 3D Printing Stocks Seeks Direction
Short sellers can't seem to make up their minds if being short in 3D printing stocks is a good place to be or a not-so-good place to be.
Mortgage Applications Declining, Interest Rates Reach Multiyear Highs
New mortgage applications declined last as interest rates on new 30-year conforming loans rose to 5% for the first time since 2011.
Short Sellers Betting on Solar and One Alt Energy Stock
Short interest in solar and alternative energy stocks generally rose in the two-week reporting period to September 28. Solar stocks and one alt energy stock appear to be short sellers favorite targets.