Moody's has upgraded its outlook on the oil refining and marketing sector from negative to positive for 2021. The upgrade is based on sharp improvements over a dismal 2020.
Tuesday's top analyst upgrades, downgrades and initiations included AbbVie, Apple, Arconic, CenturyLink, eHealth, Nvidia, Salesforce.com, Tesla and Teva Pharmaceutical.
Merrill Lynch had been trying to remain firm in the energy sector, but it just lowered its energy sector exposure from its model income portfolio at the start of 2020.
Tuesday's top analyst upgrades, downgrades and initiations included Aerojet, Best Buy, Boeing, Chevron, FireEye, Gap, Lowe's, MicronTechnology, Phillips 66, T-Mobile and Western Digital.
Friday's top analyst upgrades, downgrades and initiations included Arista Networks, Booking, Dunkin' Brands, DuPont, GameStop, Generac, PBF Energy, Pinterest, Square and YETI.
It has become very difficult to find many investors and analysts who are willing to stick out their necks in the oil and gas sector.
The top analyst upgrades, downgrades and initiations on Monday included Alibaba, Baidu, Blackstone, Comerica, Dollar Tree, IBM, KKR, Target, Whiting Petroleum and Williams Companies.
Exxon Mobil said this morning that profits in its downstream segment would take a couple of big hits from higher crude oil prices and losses in its derivatives trading.
The top analyst upgrades, downgrades and other research calls from Monday include AXA Equitable, Dollar General, Five Below, Macy's, SM Energy, Trade Desk and Whirlpool.
The top analyst upgrades, downgrades and other research calls from Tuesday include Bazaarvoice, General Motors, Home Depot, MGIC, Nike and T-Mobile.
While picking winners in the energy sector, and there may be many, the refiners stand out as big beneficiaries in the new tax bill.
The top analyst upgrades, downgrades and other research calls from Tuesday include American Express, ADP, Goodyear Tire, McDonald's, National Oilwell Varco, NVIDIA and Vivint Solar.
Despite the wild ride the markets have taken, the faith of insiders certainly has not been shaken. It is indeed a positive to see insiders buying shares at current levels.
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California Attorney General Kamala Harris has subpoenaed documents from the state’s major oil refiners related to an investigation into whether the companies have artificially raised retail gasoline prices in the state. The…
