Why 7 Straight Weeks With Higher Oil Rig Count Matters So Much
Despite oil not being over $50 a barrel, the rig count went higher. Will it continue? And if so, won't more drilling just add more supply and drive prices lower?
Despite oil not being over $50 a barrel, the rig count went higher. Will it continue? And if so, won't more drilling just add more supply and drive prices lower?
SunPower was supposed to have decent earnings, but the guidance and the commentary about new competition hurting its orders created a drag-down effect for the entire solar industry last week.
In the latest Merrill Lynch RIC Report, which is effectively a culmination of the firm's top research ideas, views and advice for clients, the one common theme throughout was where to find yields.
August is supposed to be one of the months that is not so good for stocks. Just don’t tell that to the U.S. markets, with the week of August 12 all seeing new all-time…
Wishing for higher inflation sometimes just feels odd. You have to have higher prices in the future to help with growth, but it means we all have to pay more (and earn more) to…
This is an interesting time for gold, and Credit Suisse has issued a report showing that there are now some tactical concerns about the yellow metal.
The top analyst upgrades, downgrades and initiations seen on Friday morning include Air Products, Akamai Technologies, Alibaba, BlackBerry, Consolidated Edison, InvenSense and Under Armour.
Hewlett Packard Enterprise is going to acquire Silicon Graphics to extend its growth in big data analytics and in high performance computing.
The Dow Jones Industrial Average hit yet another all-time high on Thursday, August 11, 2016. What is amazing is that the rising tide did not actually lift all ships. There were over 20 companies…
The U.S. State Department has now approved the potential sale of precision-guided munitions and equipment to its NATO partners.
Despite the Dow being very much within striking 20,000, with limited efforts, the rising tide is not lifting all ships.
It turns out that there may just be a few points driving all this gold demand. And to make matters even more complex, those pressures may only get stronger ahead.
24/7 Wall St. has identified that it would take the performance of just seven of these 30 Dow stocks to get the index to 20,000.
The top analyst upgrades, downgrades and initiations seen on Thursday morning include American Eagle, Lam Research, Shake Shack, SunPower and Union Pacific.
Is it even remotely possible that a government deficit of $113 billion in a single month can be construed as good news? Apparently so, at least on a relative basis. The United States government…
GW Pharmaceuticals PLC (NASDAQ: GWPH) was seeing some selling pressure after the company reported earnings. Its third quarter loss was actually better than expected, but revenues of $3.1 million were softer than expected. What most…
Clean Energy Fuels Corp. (NASDAQ: CLNE) was supposed to be one of the alternative energy and future energy policy winners. It is not your classic alternative energy if you only think about batteries, solar…
Does a rising tide lifts all boats? 24/7 Wall St. has tracked 28 stocks hitting 52-week lows on Wednesday, August 10, 2016.
U.S. crude oil stocks were up by about 1.0 million barrels in the past week, while consensus estimates had called for a drop of 800,000.
24/7 Wall St. could not help but notice how many analysts on Wall Street have simply abandoned their old upside hopes for Myriad Genetics.