With the potential for Venezuelan sanctions, and Middle East nations vowing to continue to cut their production, it may be a solid time to put some capital toward the energy sector.
Intel, Chevron, JPMorgan Chase, and Verizon contributed most to the DJIA's Tuesday gain.
Chevron, Home Depot, Procter & Gamble, and 3M led the DJIA to another all-time high on Monday.
Chevron, American Express, Travelers, and UnitedHealth pulled the DJIA higher on Friday.
Chevron fell short of profit estimates when it reported Q2 earnings this morning, even though it reversed big losses posted in the same period last year. Oil prices simply weren't high enough.
Paul Ausick Chevron and Exxon are both scheduled to release their most recent quarterly reports before the markets open on Friday.
Boeing, Verizon, Coca-Cola, and Chevron led the DJIA higher on Wednesday.
U.S. crude oil stockpiles fell by more than 7 million barrels last week, putting more support under rising crude oil prices. Gasoline and distillate (diesel fuel) inventories increased.
The July 14 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks were mixed.
24/7 Wall St. has put together a preview of the Dow Jones Industrial Average companies scheduled to report their quarterly results this week: Caterpillar, DuPont, McDonald's, 3M, Boeing, Coca Cola, Procter &…
General Electric, Microsoft, Chevron, and Goldman Sachs were among the big DJIA losers on Friday.
US crude oil stockpiles fell by 4.7 million barrels last week and gasoline inventories dropped by 4.4 million barrels. This may not be altogether good news for producers.
Shares of Verizon rose slightly last week, but not enough to allow the company to relinquish its position as the poorest performing DJIA stock so far in 2017.
Oil remains stuck under $50 per barrel in the summer of 2017. The grand recovery helped the oil giants in 2016, but the oil price recovery seems to have already peaked. With…
The question for investors is what oil stocks are attractive now given the lower for longer scenario. JPMorgan remains very positive on three top large cap picks.
