35 Burst results for "Energy Stocks"
US Democrat Senate Wins Push Stocks Higher
"Afternoon. The associated press reported democrat. Jon ossoff was the winner of the second georgia's senate runoff election defeating incumbent. Republican david perdue democrat rafael. Warnock was called as the victor of the senate race against incumbent. Republican kelly leffler. This gave democrats a very narrow majority in the chamber. When considering vice president-elect kamla harris's ability to cast tie-breaking votes financial materials and energy stocks extended gains as prospects amid the democratic sweep given suctions that a unified democratic government would advance more virus relief stimulus and increase infrastructure spending our us economics have indicated that a democratic senate would likely lead to another large fiscal stimulus package possibly including some priorities of the new administration such as infrastructure deutchebanks. Economists said in a note wednesday. They see this as a material up signed to their gdp forecast which they currently see rising four point three percent q over q four in two thousand and twenty one
Dow soars more than 1,000 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious
"She's here. Macro strategist and portfolio manager at Smart Portfolios based in San Diego. Well, Jim, What do you make of what you're seeing on Wall Street today? Well, it's clearly Cisco in response to the Pfizer news, because what we're seeing is the Economically sensitive stocks like airlines. Small CAP stocks financials, energy stocks are all doing unbelievably well. While the remaing stocks in those stocks, which have benefited over the last 67 months from everyone being kind of stuck at home are really lagging seriously behind. So today's action is totally response. Pfizer News Interesting to see some of the the stocks in the travel sector. It's like investors are just itching to get that thing going again and trying to get some deals if they can. Absolutely the one thing I will say a cautionary thing. There's two things about this news that I think we need to learn more about and it's going to take some time. One is does the end anybody's they get operated? Do they last for a window of time 3 to 6 months or so they last for two years or longer, And then we're using that significant is that if it's for six months, this means that we're going to need much like the flu a covert shot every single year, whereas if it's a two year and longer This would be even amore fabulous. Ah, no reset. The other thing is we're going into the holiday season. We're at over 100,000 cases a day. There is a risk that that will go to 200,000 or Maura's. We go through Thanksgiving, and maybe people let their guard down a little bit. So I think the other question for me. Cisco is Will the vaccine be able to be rolled out in significant quantities in the very, very short term to alleviate the stress that's gonna happen on the hospital staff throughout the country? I suspect that it's not going to be able to meet that kind of situation that quickly and so I think there's going to be a little bit sober. Reflection about this is great news. But in the short room, we've got to deal with some tough situations. So is that maybe Ah, opportunity for people to kind of take a look at that portfolio and go? Hey, do I have some gains here from this exuberance that maybe I need to go ahead and grab Yeah, I would do that a same time. I would say the other issue that's going to come into play here is that in the short run, I think actually, Treasury yields have gone up a lot 10 years near the 1% mark. I think there's a chance that if I'm right about the cases going really through the roof And you know state starting to clamp down a little bit that bond yields come down a little bit. But if all of this unfolds as we hope it will in the first few months of next year, Cisco we are going to see Bond yields head north. And I think the problem is that you have to start looking at which sectors are going to be most insulated from that and the one that comes to mind to me, our financials and banks that would actually benefit they because they been raising lending standards the last few months. They will obviously be able to reverse course and start making loans, and they actually benefited bond yields go up. So that is the one sector that I think people should look at on Pullbacks. Not today. They've gapped way too high
Energy Stocks Are Booming While Gold Prices Fall After Pfizer’s Covid Vaccine Announcement
"Energy produces a rally on the prospect that a vaccine will revive economic growth and travel among U K ers. B P is up 17.5% and world that Shell was up 14%. Brazil's Petrobras is up 10% gold mining 80 yards or lower along with the precious metal, which is headed for its biggest loss since August. Cannons. Barrick Gold is down 8.1%. And Kinross gold is an 8.5%. South Africa's angle Go the shot is down. 12% and gold fields is down. Almost 15%,
Wall Street Week Ahead: After monster rally, investors cautious as U.S. recovery wobbles
"We start with that monster rally on Wall Street today the SNP up more than one and a half percent and the Dow jumping over four hundred points. As you can see there, the Nasdaq also up nearly two percent leading those markets, higher energy stocks, financials, and the small caps as well. Investors appearing hopeful a new deal for stimulus is coming down the Pike but markets are still down significantly for the month does today's action give you a reason to perhaps be more optimistic and for that perhaps I I will turn to you first. dominated. Welcome. It's always wonderful to have you on board got a bonus hour with you. So that's fantastic and you know I think the answer. Your question is yes but you can't say that in a vacuum something we talked about over the last couple of weeks was you probably see a short term market bottom on a day the market sells off and the volatility index sells off with it and you actually saw that. Over a few days, NOP can speak to this vicks topped out around thirty six, and as the market was selling off, the VIX was selling off down to the twenty five and a half level that gave you a pretty good indication that maybe we were going to bottom. I mentioned that because one of the things we said now for a while off that low that we made a week and a half or two. Weeks ago the obvious move at this point was probably a moved back to the prior all time high of thirty, three, ninety, three that we made back in February and Steve can speak to this because now does that make sense for that reason it also makes sense because it would be a text book, fifty percent correction of the recent, all time high and the low. We made a couple of weeks ago. So the. Answer is yes. But let's see what happens when we get there and when I say when because I do think we're GONNA rally another forty or so snp handles. All right. So Steve, let's bring you in because guy teed it up for you. There is this level is this a market right now the action you've seen that makes you feel as though you're comfortable being long comfortable putting new money to work right now. So I know everyone wants to have that gut instinct of being positive on the overall market and this market has shown you nothing. But positively, because that gap tom is closing from the corona bottom to when we finally actually restart the economy. But you talked about a couple of levels, fifty percents I'm sorry, the fifty day moving average I heard you talking about today on air thirty, three, fifty, three. So we closed right around that level that's why people are keying in on that level where did we bounce from the hundred day moving average which was thirty, two tech? So this is technically A great set up to play it for a bounce. But the problem is we still have what the problem was. We have an overbought market granted. We work that awful just a little bit. But what has been the most overbought the tech space the most bloated names, those six or ten names that we all focus on. Doesn't mean that. Have not. Rally doesn't mean that other sectors have doubt rally. But it's time to take a pause because the market and the economy or two totally different things. A lot of volatility going forward the biggest thing for me dumb month end quarter in this week. So I heard. I heard it was mentioned prior to us on closing bell I still think it's a big deal I. still think people were under weight energy. We had emanate today I still think people are underweight financials. We saw those rally today what sold off what rallied into month and I think that's what you have to keep an eye on. Let's see if it lasts a week or so Tim Seymour over the last week over the last five days of looking at our screens here it says that the big one of the bigger cloud computing. Is Up over three percent semiconductors that particular ETF the ticker SMH look at a lot is up over three percent right now for five trading days, we also saw financials and energy to Steve's point lead the rally today. So those are two different parts of the market both assuming some kind of leadership role does that then mean that there is this kind of all clear signal, the bad and the good are going up at the same time. Downgrade having you getting me to say you've got an all clear signal is something that's tough to do But I I hear where you are, and if you look at the triple cues and the Nasdaq one hundred, you've rallied almost six percent over three sessions. The semi's which they have multiple times over the last couple of years and certainly coming out of the worst dacoven to have have certainly been a leader and something to follow it. In fact, they've they've kind of lead the way. So both of these are now back over the fifty Todd Gordon will be your to talk some. Of the technicals and a bit, but you're talking about the broadening of the market and to the extent that maybe you're excited today about the move in retail and in small caps and along with that with the banks, and if you look at the European banks were up over three and a half percent. So these are the parts of the mark that I think people wanna see the good news for all investors. So back to at least where you've had an all clear and where I don't think anything has changed is the guys who talked about some oversold conditions I have to do that I. Think. The Nasdaq can contract can correct further down and I I mentioned kind of those late June early July levels but the Fed is still very much your I think the payroll numbers this weaker are going to give you some sense of where the labor market certainly is going to need a lot more fiscal health than just with monetary policy is but I think you've got a case where you've at least seen parts of the economy. Especially, the transports give you a lot of reason for confidence in terms of leadership and they lead you on the way down from two thousand, eighteen to. Twenty thousand nine hundred and transports have been outperforming the market for the last almost four months now. So many key bellwether esque type parts of the market that we're watching right now. So I'M GONNA turn now to Pete and Jerry, and I know that you're on the news line with us right now at CNBC let's talk a little bit about what you're seeing in terms of trading action there is there something that makes you feel as though this is a constructive environment or are we do for a little bit more consolidation perhaps even some more discount pricing in the coming weeks ahead of the election. Well I certainly could see the consolidation side of it. Tom. This. Also though in the derivatives world where I live I gotTA. Tell you something a lot of bullish activity over recent weeks and and it just continues to come come in now A. Lotta that short term today we are seeing a little bit longer term type offer. Options that we were seeing whether we're buying in major indices. So I'm not even just talking specific names or whatever. I'm just talking about indifferent indices across the board we're seeing some buying. So it felt like a bullish tone potentially, but not as much short-term as we had been seeing that makes it a little bit more interesting because it's very easy to sit there in the very short term in. This movement that we are seeing but to commit to buy those kind of premiums that you've got to to be able to go out to January and December that says a lot more about what the what, what they really are feeling those very large buyers out there in the marketplace. So volatility guy brought this up and I just have to address this real quick volatility was selling off all day. It was doing early then it started to sell off. We actually nearly closed on the absolute lows of the session, which was pretty interesting to see how that volatility index was coming down as market came down from being up five hundred down to four hundred yourself. A lot of different things going on right now. But certainly, there are sectors that I'm impressed with the do lead us a little bit. More so out where we have been recently light transports like material and a few other names I like seeing what we thought financial today. But that's one day. We haven't been able to see financial foot back to back to back days together for a very long period of time. So that nothing I think we got to watch very very closely. All
Nasdaq sets record high, S&P positive for 2020 as investors rally for recovery
"June third Ryan, Dietrick L., L. Financial tweeted that the return of the S&P five hundred for the trading day since the market bottomed the Mark Twenty March twenty third. Thirty nine point six percent, the best fifty day rally of the S&P five hundred since it was launched in nineteen fifty seven series. Yes. Didn't it feel like you're in the best rally ever I mean? I just feel. I just can't help but feel that. Yeah, this is just the best time to. Today just fantastic, yeah! Anyway, so the five hundred is now within five percent of its all time high on the Nasdaq on Friday and again today and we are taping by the way on Monday. June eighth! The Nasdaq reached another all time high, so the Nasdaq is at an all time high at this point. According to the bespoke in investment group. There's only one stock in the entire s and P five hundred. That's down since March. Twenty Third Oh hell. And it's down less than two percent. It's cody. The beauty care products. And they're only eight stocks that aren't up more than ten percents. It's mark, Twain, third, and this includes actually some big names Costco Walmart. Kroger sort of the consumer staples got left in the dust during the rally, so looking at the sectors since March twenty third the best sector energy up a hundred seven percent. Followed by consumer discretionary seventy percent in financials, fifty nine percent that said they went up the most, because they went down the most in the first part of it, and for the year they're still down, so energy stocks are still down almost thirty percent of the year and consumer, discretionary and financials still down eleven percent for the year. When you look at the best sectors for the year, as you might guess top performer technology for point, seven percent and healthcare up six percent for the year. Now looking at the biggest companies. In the stock market, we now have three companies worth more than a trillion dollars. Apple is on top one point three, nine, seven trillion. Microsoft. Just barely behind at least as of Friday's close one point three, eight, seven, trillion, and then Amazon at one point, two, two, seven, trillion and Google alphabet is not that far behind at nine hundred sixty four billion dollars, so it's quite amazing. Has As has been the case for years now. Larger growth oriented companies are doing better, which means in some cases, pricier stocks have gotten pricier and cheap stocks have gotten cheaper. Here's an interesting tidbit from Jason swags journal Article From last Friday quote. The fifty most expensive stocks and the S&P five hundred as of December thirty first were up. An average eleven point three percent through June third according to Drew Dixon. The Chief Investment Officer at Abbott Bridge capital the fifty cheapest stocks at the end of last year. Meanwhile we're down sixteen point eight percent so gross stocks doing well value stocks still struggling.
Oil Demand Begins to Rebound To Pre-Coronavirus Levels
"Slow return of driving is helping the oil market and energy stocks marketer. Quinton web has more. So we're seeing is a dramatic recovery in all markets. You Go back a few weeks you know. There was a perfect storm effectively. We have this sudden global economics stock and then we had the technical factors which briefly pushed. Us oil futures below zero. That just really wasn't a place to store all this excess oil. It was accumulating. Oxford's where we are now things are easing a bit lockdowns a lifting. Us demand for gasoline is improving. And while we're not back to normal you know we have oil prices back in the thirty something dollar range and things are looking up in all kinds of ways you know like Chinese factories are getting back close to kind of full operation. Us motorists driving again. And we've also seen some capacity cuts which help kind of balance supply and
Nasdaq finishes higher as stocks stage late-day rally
"Stocks have kicked off the week on a positive note rallying late in the session to close higher Dow finishes up twenty six nasdaq up a hundred six SNP five hundred up twelve the late upside push came as crude oil futures gained for a fourth straight day rising more than seven percent back about twenty one dollars a barrel energy stocks were the biggest gainers the S. and P. five hundred led by Exxon Mobil and chevron thanks to that oil surge but U. S. airlines were hit hard after Warren Buffett said over the weekend the Berkshire Hathaway has sold off all its shares in the top four U. S. airlines American delta United and
Global stocks lower on US job losses, pricier oil
"April A. F. and markets in Asian markets tumbled after soaring job losses here in the U. S. tempered enthusiasm over a possible deal to stabilize oil prices amid anxiety over the global slump caused by the corona virus pandemic of benchmarks in Shanghai Tokyo and Hong Kong all down Australia lost more than two percent U. S. crude lost four percent here is what happening here's what's happening with that Wall Street climbed into its first gain in three days after strengthening oil prices revived beaten energy stocks the S. and P. rose two point three percent benchmark oil jumping nearly twenty five percent that followed a tweet from president trump who said he expects Saudi Arabia and Russia to dial down their price war but the Kremlin later disputed part of his tweeting president trump was asked about that yesterday we did this morning about your call with the Saudi Arabia MBS we had some people say that the figures of you side with ten thousand ten million and fifteen million barrels per day it's not what they're agreeing to can you be more specific about what I
Oil prices plunge, hit by erupting Saudi-Russia oil price war
"Today oil prices down ten dollars and fifteen cents that's a twenty five percent drop we closed at thirty one dollars and thirteen cents a barrel that is by the way the biggest one day percentage drop that we've seen since nineteen ninety one oil prices on down news of Saudi Arabia starting a price war possibly with Russia that sent all of the energy stocks tumbling across the board it took the rest of the overall market with it the Dow industrials finishing the day down by two thousand thirteen points we closed at twenty three thousand eight fifty one S. and P. five hundred down two hundred twenty five points that's seven point six
Commodity chaos deepens as China invokes force majeure
"China announced a force majeure about two weeks ago I believe and basically uncontrollable act the god that disrupts business and allows you to break contracts the Chinese declared force majeure and suspended imports of some oil and liquid natural gas into the nation which has contributed to an lead lead to really bring mark Boal historic selloff in the commodity prices and related energy stocks so why doesn't the market care at least in the overall market not counting the energy names and some of the manufacturing sector and I guess it's really that it does boil down in many cases to how dependent you are on first quarter sales or how much your revenue will just be deferred to later this year like that proverbial iPhone
T-Mobile-Sprint Deal, Affecting 100 Million Customers, Approved by Judge
"Got the bane of my investing existence assistance with its latest quarterly report. We're going to dip into the full mailbag but we're going to start with the business story of the day and that is the fact that nearly two years after the merger drove T. Mobile and sprint was announced we are. We're not at the finish line but we are one big step closer to this deal being finished. US District Judge ruled in favor of sprints twenty six billion dollar deal to merge with T. mobile and in terms of the stocks shares a T. mobile mobile up about ten percent shares of sprint up. Seventy two percent. Yeah well in seventy two percent from a really low number yes absolutely is the T.. Mobile pop was yeah. That's that's pretty significant and I like it because it shows the market's expectation that this is going to be actually a good thing for both from both companies to merge into one One one of the things. I've found that Kind of unusual is that The claim is that this is going to me job creating from the get-go most mergers like this Our job destroying because you Overlap on a whole bunch of Back Back Office office things for instance and But these guys are saying yeah. We're going to create something like thirty five hundred dollars. I think is the number for the first year and eleven thousand over the next five years. That's pretty cool. Yes absolutely if they can pull that off and it's interesting because it to your point they're trying to strike a balance they're trying to say. Hey we're going to create jobs but they're also saying to Wall Street. We think about six billion dollars in synergies right. It'd be because yes absolutely some of the HR Dr Finance legal some of those jobs. Go Away I I should mention were again. We're not we're not at the final step here. It's still needs to be approved by the California Public Utilities Commission. But as you said I mean you look at the market reaction it seems teams like maybe not. I don't want to jinx it but it seems like this is going to happen I think it will. The states The thirteenth states that were challenging it led by California for New York New York Attorney General said that she still wants to really think about this as she still believes. The judge was wrong but I think and and reading the the Excerpts from the judge's decision it seems that he was pretty on board saying that this is going to be actually better for the industry T mobile He he called him out T.. Mobile has really challenged the comments. At and T. and verizon The companies that CEO John Legere Ledger Ledger ca routinely called dumb and dumber in his notes but He says the judge that has says that In an should be good for the business and we're having a fourth company stood up in in the form of dish network They're being stood up a with a With the use of a T. mobile and sprint's networks for I believe seven years and a whole whole bunch of customers that are going to be transferred over to them to get them up and running a fourth a cell provider competitor. He mentioned John Ledger. Adjourn and one of my favorite. CEO's never fails to entertain. But I think it's you know ledger because of his antics because because of the way he would go after in particular verizon an at and T. and very public ways. I should also mention both stocks down ever so slightly if you're at GMT and your verizon. You're you're not thrilled about this but maybe it it helps a little bit. John Ledger is not going to be the. CEO of the resulting company. Mike seaver is going to get the corner office on this so that was announced. November is not a new thing with this right and if if you like colorful. CEO's while there's a little bit of sadness with this but it's point out that ledger wasn't just amusing and colorful he. He was also a very effective business. Leader did a great job of adding subscribers to the bottom line for T. Mobile. If he wasn't able to do that then he would have. Just been a mouthy. CEO who wasn't backing it up. No he backed it up. No it did and One of the things he did was he got I think he got the company more more energized in in both getting its customers satisfied which for this industry is big hurdle and And getting the employee is more engaged in happy employees happy customers and that leads to better business and the revenue numbers that this company had been growing like crazy. So yeah they've been they've been doing pretty well bill under ledger and hope they continue under a
The stock market boomed in 2019. Here's why market experts are unnerved.
"Stocks boomed last year here's why that worries some market experts I'm Jeff Cole the new fortune magazine with inside business the numbers were tremendous the S. and P. five hundred stock index gained twenty nine percent last year and there's definitely nothing wrong with that but a closer look reveals at least some cause for concern for starters most of that lockout growth was just to climb back from the market to deep plunge at the end of twenty eighteen more worrisome is the absence of what investment experts call market breadth which is when lots of stocks move up together signaling a healthy market that didn't happen last year information technology stocks did extraordinarily well wall energy stocks did extraordinarily badly a related factor is that just a few stocks account for much of the movement in market averages out of the S. and P. five hundred companies ten are responsible for about a quarter of the whole indexes value they include apple Walmart Amazon Microsoft and others if they continue to do well they could mask problems in hundreds of smaller companies in the index or if they do poorly they could pull down the whole index and spook investors it's what market watchers call a fragile market one that could be tipped downward by a few unexpected events let's hope stocks keep booming but it's time to be wary of seemingly minor shocks
Saudi Aramco to Raise $25.6 Billion in Biggest I.P.O. Ever
"Yeah Saudi Aramco its initial public offering pricing at the top of the range that makes it the biggest IPO ever at twenty five point six billion dollars beating Ali Baba back in twenty fourteen which is twenty five billion even so you know just goes to show you that even at a time when energy stocks are really struggling you know our Aramco man it's finally to get this done the Saudi government more the point is to get this done and it wasn't a total trade dollar valuation but one tool one point seven trillion not bad but it's amazing it Joe weisenthal what you can do in terms of raising money when you basically go to a bunch of super rich people and say Hey bud you're going to buy some of this site yeah right yeah my thought one point seven trillion dollars you know I as soon as I saw that number and I hate to be cynical because that's not my style but I saw that number and I took a sheet of paper and I ripped off the corner and I said if someone buys this little piece of paper for me for a dollar then the big piece of paper be worth a thousand dollar yeah that is essentially what that means because if you just sell this tiny slice and you basically set the price because some of it is bought by other countries who may have other motives besides Kerr monetary reasons to buy some are bull bought a lot by the domestic rich and is this tiny slice and it doesn't actually float in global markets in any meaningful way you know that number may we need to be difficult I PL on several different levels and we and we know that going
U.S. Stocks Reach Records
"Now the markets in the mix but traders push the S. and P. into record close with consumer oriented shares leading games including from target and home improvement store Lowe's which offset lagging tack and energy stocks the Dow shed nearly two points the nasdaq down just over three points and the S. and P. adding two point five nine
Monster Energy Stocks Surge on Death Stranding's Launch Day
"Energy drink energy stock rose with de-stress releases from nadia oxford at US gamer the the stock price for the mazda brand of energy drinks received a nice boost on friday the same day he could you must desk training hit store shelves before you jump on us for comparing apples oranges think on and this monster energy drinks play a big role exam puerto but his long trip across the united states it just a coincidence it's an abusing one resonator dumais triana posted the correlation on the decorating read it the candidate a snapshot those monsters stock closed at fifty fifty eight dollars and sixteen cents november eighth compared to fifty six sixty four on november number seven that's quite a jump i looked up much stock on yahoo financials charts and the numbers checkout in fact friday was the highest closing monster energy in over a month sam realized a mantra energy to give him wings sorry wrong energy drink in-depth straining since trudging across the united states while carrying hundreds of pounds of cargo takes formidable stamina also it's not the drink the water in a university of the rain weird tari staff the ages anything that touches it is the jump to monitor stock prices really hideo kojima production or we're cuisine it's hard to save for sure though is worth noting that mantras prices down again i'll be it slightly fifty seven seventy eight at
Chesapeake Energy's stock tumbles after wider-than-expected loss
"Chesapeake energy tumbling after the natural gas producer posted a wider than expected third quarter loss and said it may not be able to continue as a going concern if depressed wailing gas prices
Australia shares to rise thanks to jump in oil prices
"That said Australian equities really have been the one to watch this morning. They rallied thanks to energy stocks off to oil jumped to a six-month high. Crude Carney up seven tenths upset above sixty six dollars a barrel. This of course, off to the White House said it will scrap wave is that allow the purchase of some. Iranian oil, w I really not paying any heat to the fact that Saudi Arabia pledged to ensure supplies will remain at the
"energy stocks" Discussed on MAD MONEY W/ JIM CRAMER
"I think it is a terrific by I would buy it right here. This one's not going to ban. Soft twice in the goalpost. Let's go to Steven Florida. Steve. Shovel hold CPS. I like CBS let me throw a little curveball here. I think the better by is fire Kahn, which is come down a lot and Bob backers had some very good things to say by two point seven six percent yield down to twenty nine. That's the one by Kevin in my home state of Pennsylvania, Kevin tighten them. And to you at this point to know Churchill Downs incorporated, eight Diene during the stock market. If has been a fabulous stock for multiple years. And I don't think that's going to change. It has ups and downs vicissitudes. But I like it could've Arlene in Illinois orlean. Hi, jim. Liked to know what you think about auto auto zone has got the best buy back of any cutting. You have ever seen slowly methodically pool stock in I've been recommending the stock since the buyback began. This is a great level to buy even up here. Just sixty seventy points from its high a lot of stocks were up. What did since the year began? This one's down. I like that Bill in Florida Bill. Jim happy buoy up for two thousand nineteen. That's our your choice. I'm watching the energy stocks, and they're they're going positive. However, I've taken a position and and link bitch strain, and it's often low payment dividend of well Levin point four. Should I buy sell or hold? Okay. I was with Ben stone, and we've got to be able to dead, and I he's a research rector. We've got to be able to do thing on the end up these which tell you which ones are games, which aren't because he handled peak group is starting to rally here big. It's been the best performing group of the entire markets year beginning let me do some more work planet whether that dividend distributions they call it to Jimmy and New York Jimmy Jin, Jimmy both New York City first time. All right wanted to get your thoughts on gaming TY. Ooh. I like that stock now why because I like gaming companies that are not leaving to China and Boyd gaming certainly as end that plays legit. How might be round is sponsored by TD Ameritrade. Every year the JP Morgan healthcare conference the woman, flew all the way, out sip. Cisco to cover their always a few companies that really stand out because they tell such fantastic stories. So who made it to the winner's circle this year about decks com one of our faves? Here's a company makes continuous glucose monitoring devices. It's essential. You stick on yourself to measure your blood sugar. These things rapidly becoming the standard of care for patients with diabetes because there's so much more convenient and constantly pricking your finger take a manual reading..
"energy stocks" Discussed on KCBS All News
"At risk patients. Before. Now. Moneywatch update and some indications overnight Jason that things may be used off a little bit. We can only hope stand. Right. Good morning to you. Good morning to Holly, Wall Street, aiming for eight positive vibe heading into thanksgiving after the market was drubbed in back to back sessions with investors worried about big tech stock valuations, the trade war and the Federal Reserve's next move. The stock market's latest sell off sent the Dow the NASDAQ P five hundred into the red for twenty eighteen over forty percent of the firms in the s&p five hundred are now in a bear market down twenty percent from the recent peaks, something that has affected the FANG stocks this morning Facebook, apple Amazon, Netflix Google are heading higher in pre-market trading. And that's giving the market a lift apple stock dropped by almost five percent yesterday. A number of retailers that were roughed up on their third quarter earnings reports on Tuesday are also bouncing back and oil is rallying after plunging to its lowest level in over a year, and that's benefiting energy stocks, including Exxon and. Chevron Dow futures are moving higher by one hundred forty five points. Nasdaq up sixty eight ahead of the open has some p futures higher by nineteen points oil up a dollar thirty one at fifty four dollars and seventy four cents a barrel. Lots of economic reports coming out today with a holiday ahead. The Labor Department reports that initial jobless claims rose by three thousand two hundred twenty four thousand while the prior week was revised higher claims are still close to a five decade low, but they have been gradually rising in recent weeks with the four week average topping two hundred eighteen thousand the MoneyWatch Jason Brooks KCBS if the ultimate black Friday sale at JC Penney. Gather your friends and get your Thursday at two pm firm mazing deals like up to thirty.
Maersk: US Tariffs Have Unexpected Effect on Trade Deficit
"World's largest container shipping line. I mean, it's been very vulnerable to the trade tensions. So I guess any get news really is received quite well these days, and it's up three percent this morning. And that's because it saying revenue is improving across the company, and it was able to raise the lower end of its forecast for profit. And it actually set that it's possible that a lot of US companies are now stockpiling inventory before possible increases to tariff. So that's actually benefited the company for now. And of course, the the global shipping industry has had to tackle years of oversupply. And of course, you now have this trade problem. So I think a lot of investors are breathing a sigh of relief over this news today. Let's talk an industry group. More broadly in that is energy stocks justina because we are seeing them today at the moment the worst performing industry group on the benchmark presumably because of the slide in crude, right? Exactly. I mean oil has shown. No signs of bottoming out. Get OPEC is worried about demand following and at the same time. It doesn't look like it can exactly just cut supply. Because obviously US President Donald Trump is saying that the group shouldn't do that. And today, we do see the oil and guests sex sector and the stock six hundred. I mean, it's down one point seven percent. The the UK producers are down, you know, BP is down or shell is down. So it's really a bloodbath over there. Yeah. The the oil sector being the hardest hit sector so far in European trading. Auto stocks, though, that sector is actually in positive territory this morning this as we've been working some other news out of the White House. So Donald Trump said to be essentially backing off his threat to raise tariffs on cars. Right. Exactly. The auto sector today is up almost zero point three percent in Europe. And that's of course, relatively already some really get numbers there. And what's happening is that we've reported that the Trump administer. Gratien will hold up for now. Imposing new tariffs on auto imports because of ficials are still looking at possible revisions to report on the national security. Implications says seems like something the industry has been really worried about all year long at least will not happen for now. Okay. Thank you so much steel joining us in our London studio. Bloomberg's European equities reporter taking us through the stocks to watch just want to highlight a couple of others were one of the best performers. In fact, the best performer on the stock six hundred right now is Smith's group are basically offer it said it plans to split off its healthcare business. So we're seeing that stock rise at the moment by four point nine percent. I also want to highlight Merck. It's not one of the worst performers, but it is down almost two percent. It was lower in the pre market as well trimmed its earnings forecast for the year blaming slumping currencies in South America, where it sells medicines and chemicals for the farm industry. Third quarter profit though did beat, but it was seemed to be the currency impact. That's been rattling investors, and I did actually speak. To the CFO on TV earlier, and he did say to me that he sees the Latin time currency troubles weighing on the fourth quarter as well. But does see all key metrics improving from the first quarter of twenty nine hundred. That's not helping to stop today though. You can't help yourself narrow this morning to bring it back. Anyway, let's talk a little bit more about Brexit because it is really in the spotlight this morning this as the UK and European Union have agreed on a draft deal on Brexit, potentially. Offering enough time to have both sides sign it off this month. However, Theresa May must still drive the deal. Pasta cabinets and then parliament cabinet is up. First day Brexit tier and former foreign secretary Boris Johnson has not seen the deal. But is critical of what he's learned so far this is
"energy stocks" Discussed on WAFS Biz 1190
"Dow looked like it's getting very close to turning positive we'll watch it all right let's go to phones let me go to dexter dexter is calling us from georgia hey dexter hey dan how are you this morning i'm good thank you brother good good i want to thank you you and your ministry and your willingness to obey god through you that i have become biblically responsible with my money and you're a blessing to me and many folks out there former thanks first of all thank you sir i appreciate that's encouraged yester we lift you and prayer regular sir that's awesome can you to do that and thank you for your service dan you're welcome thank you my my question is probably fifteen years out in retirement we currently living at home provided by my job me and my wife we both are financially sound but we want to start saving for a home for retirement okay what what vessel should i put that in too much thank buck sure yeah i mean i would put you you know i wouldn't be too overly aggressive but nonetheless you've got to have a pretty good a pretty solid investment and i would look at two things dexter i would probably tell you that if there is a vanguard inflection inflation protected bond fund that is all my list i would put about twenty percent of your money into that that you're saving for retirement and then the other part of that i would look at most of it another fifty percent of that money into timothy value fund their large mid cap value not their growth but their value large cap value fund i would put about fifty percent into that and the year thirty percent i probably look at two or three stocks to stocks i'll say and and maybe look at a good solid material stock there is a material stock that is listed highlighted in blue on my list but is also i consider it a foundational stock it says it in the description that it's a foundation stock i would i would have half of that other thirty percent in that stock and that stock alone and and then another and then the other half may be in a a good solid energy stocks that or that's down or even there's a there's a number of utility stocks not necessarily all my bias there are some that are on my list that are down year to date this year i wouldn't have a problem with you being in that too because i feel i feel pretty good about those utility stocks getting a little bit of gross not to mention the five percent or they're paying out on income so i think that'd be a great mix i think that'd be a real good mix for you okay dan where should i put this what type of i've got a full excuse me an hour a roth ira both she's a teacher so she's got a teacher pension plan i've got a pension through my work and i wanna wear after it exactly yeah i would open now i would just do td ameritrade okay that's where my roth ira is oh it is so it's just going to be a joint account a an investment account so it's just gonna be union wife's name on it just as standard investment account got your shirt that's dexter thank you brother i sure appreciate your prayers and your support it is a blessing to me please keep on praying again we sure do appreciate it we need the prayers as everybody does i know i'm sure there's a lot of people pulling on your prayer list but i'm gonna i'm not gonna take any guilt over that i'm still gonna ask you to keep praying praying for us so thank thank you dexter sure do appreciate it great stuff let me go to derrick derrick thomas from indiana hey derek good morning dan thanks for taking my call quick question for you i'm forty five years old i'm married i have ten kids my wife is by god's grace stable stay home i have a sales job with a low base salary but i'm i'm doing pretty good but god's grace but i have zero saving i have no plan i don't even know where to start so i want.
"energy stocks" Discussed on Bloomberg Radio New York
"Business flash energy stocks are driving asian shares higher this morning with old prices hitting three week highs it seems that we can forget about the fines at least temporarily this is facebook says did get last night's the scandal over cambridge analytical rumbled on but it failed to spread to other fines amazon even overtook alphabet when it comes to the market trading in asia is somewhat subdued due to a national holiday in japan looking at the asia pacific index xjapan japan about is now a little change this morning we have seen previous gains but as i say we've seen it ton lower in the past few minutes also looking over into the hang seng as well that index was higher by more than a percentage point earlier but it's now trading to the downside off by almost eight tenths of one percent the focus to some extent shifting to the call sector is shares in geely holding have been a down they are down as much as four and three quarters of one percent despite the fact that the earnings from the chinese carmaker were actually better than expected so as i say we're seeing a positive picture in asia turn into a negative picture we'll see how that rumbles on in the european session later on of course building up to the fed meeting later today jay powell and other policymakers expected to hike treasury yields rose last night the head of that treasuries not trading because of that the japanese holiday at the moment the ten year though starting today in european trading at two point eight nine five percent where when it comes to the ethics space we are seeing the bloomberg dollar spot index weakening here by a quarter of a percentage point eurodollar trading at once what twenty to sixty nine higher by quarter of a percent when it comes to the commodity space wti trading about sixty three dollars a barrel at sixty three dollars and sixty six cents higher by two tenths of one percent so building on the three week highs that we've got yesterday that's bloomberg radio business flash now for more on what's going on around the world here's bloomberg's sandra kilhof good morning markus more than three thousand flights to.
"energy stocks" Discussed on The Tim Ferriss Show
"Which are almost always more or less mistaken blinding us to the financial trends that are actually unfolding right in front of our eyes worse we think we understand the world giving us a false sense of confidence when in fact we are almost always more or less mistaken you hear all the time from even the most seasoned investors and financial expert that this trend or that doesn't make sense it doesn't make sense the dollar keeps going lower or it makes no sense that stocks keep going higher but what's really going on when investors say that something makes no sense is that they have a dozen or whatever reasons why the trend should be moving in the opposite direction get a keeps moving in the current direction so they believed the trend air quotes makes no sense but would makes no sense is their model of the world that's what doesn't make sense the world always makes sense we just don't understand it in fact because financial trends involve human behavior in human beliefs on a global scale the most powerful trends won't make sense until it becomes too late to profit from them by the time investors formulate an understanding again a false understanding that gives them the feeling of confidence to invest the investment opportunity as likely already passed so when i hear sophisticated investors or financial commentators say for example that it makes no sense how energy stocks keep going lower i know that energy stocks have a lot lower to go because all those investors are on the wrong side of the trade in denial probably doubling down on the original decision to buy energy stocks eventually they'll be forced to throw in the towel and have to sell those energy stocks driving prices still lower.
"energy stocks" Discussed on Bloomberg Radio New York
"Uh in that scenario well that scenario so last november about our equity team started to get more cyclical so they started to move in dismay industrials some consumer discretionary into some energy stocks so they started to get more cyclical is we saw this global economic expansion taking place we saw that and the july or early august so far that's working you keep your tech sector holding but so far you know we had some rotation in december but now seems to be back where it was us large caps emerging market stocks are leading tax leading along with some other cyclical sectors that's where starting this year with that is starting to theory that cady i ate you guys have kind of competition top ten list for the economy from markets and so on cementing things like how a burden eastman chemical eod these are some named those of the cyclicals that our team for moving in every have moved into already already started in november that aggressive but it's worked the stock prices have worked so they've been in the right place congratulations them and best for our customers are getting at attack not yet tech might be a secondhalf story we think there is enough momentum in their earnings going through the first half of the year but those comparisons have been start getting tough said that the year says that that you don't like them it's just a case of how much they run up how much they run up in in just these doubledigit revenue and earnings expectations than they gotta keep go and now from apple on down right it's going to be harder and harder every quarter now there there was an interesting sort.
"energy stocks" Discussed on WAFS Biz 1190
"The energy stocks man are they gain and some steam right now this is reminiscent to me of two thousand and eleven when i wrote my book best stocks now in fact a lot of those stocks that i wrote about in two thousand eleven that were the leading commodity stocks until the commodity trade started to fall apart in two thousand twelve two thousand thirteen they are assuming leadership roles once again so if if you go back to uh the book the best stocks now book which was written in two thousand and eleven just take a look at a lot of those energy stocks and commodity stocks that i wrote about at that time maybe there's seven or eight of them in their guess what those stocks are breaking out with the bend gents once again and that this goes along with my observation that i think the market is sniffing out inflation because i am seeing and inflation trade start the heat up even though there's really not any signs of inflation up although we have the highest print quite some time on the producer price index recently i think the market is getting a had that in positioning itself smart players and not bitcoin players see that the guys in the bitcoin we're getting in right up the talk when the big guys were selling to them they got out without their timing was they got out well i see the smart money now moving into uh one of the areas one of the areas that i see smart money moving into the financials and the energy stocks so we'll be looking for and we've already added some movie eating energy stocks and leading commodities stocks to our portfolio as your gun persson capital management as we position ourselves perc two thousand in eighteen i think you'll have different leadership in two thousand eighteen i know will have different leadership than what we had in two thousand seventeen that's why you have to be an active manager you have to watch the acid class rotation you have to watch the rotation that takes place in the economy you have to take uh you have to watch carefully the rotation that takes place amongst the sectors in the.
"energy stocks" Discussed on Tribe of Mentors
"Plane events and trends in it the more we become attached to our resulting beliefs which are almost always more or less mistaken blinding us to the financial trends that are actually unfolding right in front of our eyes worst we think we understand the world giving us a false sense of confidence when in fact we are almost always more or less mistaken you hear all the time from even the most seasoned investors and financial expert that this trend or that doesn't make sense it doesn't make sense the dollar keeps going lower or it makes no sense that stocks keep going higher but what's really going on when investors say that something makes no sense is that they have a dozen or whatever reasons why the trend should be moving in the opposite direction it keeps moving in the current direction so they believe the trend air quotes makes no sense but would makes no sense is their model of the world that's with doesn't make sense the world always make sense we just don't understand it in fact because financial trends involve human behavior and human beliefs on a global scale the most powerful trends won't make sense until it becomes too late to profit from them by the time investors formulate and understanding again a false understanding that gives them the feeling of confidence to invest the investment opportunity has likely already passed so when i hear sophisticated investors are financial commentators say for example that it makes no sense how energy stocks keep going lower i know that energy stocks have a lot lower to go because all those investors are on the wrong side of the trade in denial probably doubling down on the original decision to buy energy stocks eventually they'll be forced to throw in the towel and have to sell those energy stocks driving prices still lower what is one of the best or most worthwhile investments you've ever made i've made many investments in my life money of time of energy of passion and emotion and one of the best payoffs for the amount invested with learn.
"energy stocks" Discussed on CNBC's Fast Money
"Well services halliburton a name on long i talked about eight p c i think another name it's about them also being disciplined with topics and giving money back to invest lh was the big winner in today's session so slipped into two spinners for was slumber safe up five percent so they but he go back to the end the beginning of two thousand sixteen stocks sob stopped at sixty one look word stop recently look word is now so trump's a risk ward maybe continue set up well all it add one more thing to the task the tim put out there was a helicopter helicopter crashes we end as well ashish i listen i mean i'm old enough to remember one went down back in the day i'm just saying that seems a little bit odd as well so there is clearly something go i love you shake your head guy agreeing on it is by movie stuff it is our and access called the energy break out exactly one week ago in a note to clients and since then energy israeli four percent in heart and worth hundreds and now there is more room to run card already looking at while today obviously a big day we know that kudos up a lot energy stocks real up if you look at the circumstance where the commodity is up three percent and energy stocks of two percent on the same day you get quite a bit of follow through a typically one two three five six eight weeks out with a step back and look at the longterm picture and then we can fear where we're going this is the russell three thousand energy so all the s p 500 energy stocks plus others but one hundred seventy stocks 17 trillion and the key is this at least to my that this down trim when we lost fifty percent of the value we've now for the first time really cutting the of this line in the bet was that that really is the beginning of something more sustainable all of this has been very noisy this i think is the beginning of something that's gonna be enduring so it's all about catch up just as saying i'm is this the market is lag this is.
"energy stocks" Discussed on BizTalk Radio
"Gigantic base and of course the refiners which we have told you about for the last few weeks uh they act strong too they need to pull back but overall much better tone on the energy stocks here all we told you to put them on your screens for the first time in a very long time and we'll see out plays out weakness that a of retail then again we wouldn't really go near most of them are transports were meme remain on the weakest side right now victim may have to do with the spike in oil prices but i must tell you the transports are getting close to the fifty th day moving average uh as of recent also the commodity stocks on the weak side the steel copper aluminum mole that other stuff the things you a drop on your foot and hurts if you look at a symbol of copper's and etf j j c and gold we just been tell nita nothing to do there you know it's been tradeable here and there i get that but really not much and silver acts like kaka gold stocks are not acting very well at all in fact some of them rarely breaking down in here and would stay away from that and for a change the financials a little bit on the weak side today a i g simple aig down three today's sixty two big top on that one market no likey their numbers he made a nine percent drop in revenue hurts test l i just want to mention got hit hard yesterday up six today pick short positions still stolen it i just want you to make noticed something here the things i see our tesla hit to ninety a low in may three oh three late may three oh three in july three eleven in august hit to ninety two yesterday 230 five today what would just telling you is in and around that to ninety two three hundred area one two three four or five this will be six times now let's see what happens this go round they lost two dollars ninety two cents a share now another note in case i forgot to mention that yesterday which i think i probably dead the republicans are looking to take out the seventy five hundred dollars subsidy for electric cars just so you know if you buy an electric car doesn't matter.
"energy stocks" Discussed on KBNP AM 1410
"A dead stock now there was talk aetna that cvs is going to be two hundred dollars so the last few mid fit few minutes at is got up eight bucks uh i have no clue whether it's going to be bought out nor what price and we don't tend to even delvine those waters except on a technical basis the manage care stocks act very very well in here i united health just had a good reaction to uh but good numbers in that x well i'll well care health group had good reaction just three days ago on their numbers uh cigna not as much but still got good shark pattern the group looks pretty good i also want to add in that the oils so i'm just gonna throat a few names fear review contra resources x so at good reaction to earnings a couple of days ago looks like a wants to keep wound by the way oil prices spiked again today fang fang big coming up the right side of a big gigantic base and of course the refiners which we have told you about uh for the last few weeks uh they act strong too they need to pull back but overall much better tone on the energy stocks here i'll we told you to put them on your screens for the first time in a very long time and we'll see out plays out weakness that a of retail then again we wouldn't really go near most of them are transports were meme remain on the weakest side right now that may have to do with the spike in oil prices but i must tell you the truth supports a getting close to the fifty they move an average as of recent also the commodity stocks on the weak side the steel copper aluminum mole that other stuff the things you a drop on your foot and hurts if you look at a symbol of copper as etf j j c and the gold we just been tell nita nothing to do there you know it's been tradeable here and there i get that mm hmm but we're really not much and silver acts like kaka a gold stocks are not acting very well at all in fact some of them rarely breaking down in here and would stay away from that for a change the financials a little bit on.
"energy stocks" Discussed on BizTalk Radio
"Gigantic base and of course the refiners which we have told you about for the last few weeks uh they act strong too they need to pull back but overall much better tone on the energy stocks here i'll we told you to put them on your screens for the first time in a very long time and we'll see out plays out weakness today retail then again we would merely go near most of them are transports were meme remain on the weakest side right now fictive may have to do with the spike in oil prices but i must tell you the transports are getting close to the fifty th day moving average as of recent also the couch motta these stocks on the weak side the steel copper aluminum mole that other stuff the things you a drop on your foot and hurts if you look at symbol of copper's and etf j j c and gold we just been tell need a nothing to do there you know it's been tradeable here and there i get that but really not much and silver acts like kaka gold stocks are not acting very well at all in fact some of them really breaking down in here and would stay away from that and for a change the financials a little bit on the weak side today eight i g symbol aig down three that a sixty two big top on that one market no likey their numbers you mean a ninepercent percent drop in revenue hurts test lie just want to mention got hit hard yesterday up six today pick short positions still in it i just want you to make no to something here the things i see our tesla hit to ninety a low in may three oath three late may three oath three in july three eleven and august hit 290 to yesterday three or five today what would just telling you is in and around that to ninety two three hundred area one two three four five this will be six times now let's see what happens this go round they lost two dollars in ninety two cents a share now another note in case i forgot to mention that yesterday which i think i probably dead the republicans are looking to take out the seventy five hundred dollars subsidy for electric cars just so you know if you buy an electric car doesn't matter.
"energy stocks" Discussed on Bloomberg Radio New York
"App and bloombergradiocom this is bloomberg markets coming up we're going to take a look at canada's housing market in light of expectations that the canada central bank will raise interest rates past week three times next year also we'll be talking a lot about retirement and pins plans for it right now he's giving me a luck i'm just getting my plan stay right does go talked with greg jarrett z would start on the markets thank you lisa broad if that powerful advance for equities so far today the nasdaq one hundred index climbed at the open taking back some of yesterday's one point one percent decline emerging market stocks head for only their second fourday retreat of this year equities in europe are directionless his america continues pursued diplomatic solution to the crisis in north korea oil eases off a surge but it's still higher than it has been of late are you looking for the best angolan energy stocks some sunny allowed infidelity tells bloomberg urged part of the energy equity sector that reacts in step with the price of crude equipment making if the expiration guy states that really directing linked to whatever action is happening at the wellhead there is always the we react sensitively on the day the only prize is doing and where and if it were to continue what to well what you're doing right now we check the numbers every 15 minutes throughout the trading day here on bloomberg radio west texas intermediate's down eighttenths of a set of fifty one seventy seven a barrel colmec's gold's down onehalf of 1 percent at thirty five twenty announced the sp is up tenthpercent afford the dow's up twotenths percent up 35 or the nasdaq's up threetenths of a percent of bank team the 10year is down three thirtyseconds the youths two point two three percent of sort of began when twelve eu level the euro 170 navy to the 1 34 23 all pegged at the dollar right now the footsie is up a tenth percent as we've action germany cac in paris is little changed at saw that's a bloomberg business flash more bloomberg markets now would lisa abramowicz and pimm fox thank you very much greg.
"energy stocks" Discussed on KBNP AM 1410
"Broadcasting live to new york to washington dc bertinotti nine want to boston bloomberg 106 wont to san francisco bloomberg 960 to the country siriusxm channel 119 and around the bloomberg radio app and bloombergradiocom this is bloomberg markets coming up we're going to take a look at canada's housing market in light of expectations at the canada central bank will raise interest rates past week three times next year also i'll be talking a lot about retirement and pens plans for it right now he's giving me a luck i'm just getting my plans to your right does go talked with that greg jarrett and see what's going on in the markets right now they lease a broad array of powerful advance for equities so far today than nasdaq one hundred index climbed with the open taking back some of yesterday's one point one percent decline emerging market stocks head for only their second fourday retreat of this year equities in europe are directionless as america continues to pursue diplomatic solution to the crisis in north korea boil eases off a surge but it's still higher than it has been of light breeze looking for the best angle on energy stocks some sunny allowed of ability tells bloomberg there's a part of the energy equity sector that reacts instep through the price of crude equipment maker if the expiration guy states that really directing linked to whatever action is happening at the wellhead there is always think we react sensitivity on the day the only prize is doing and if it wear to continue to well wants to do it right now we check the numbers every 15 minutes throughout the trading day here on bloomberg radio.
"energy stocks" Discussed on KBNP AM 1410
"Know going to look elsewhere batting done hatchets will you wanted admits so much of this of this rally that we've had in us stocks so i mean wh give us give us something you're looking forward to say this is what could kick things office it to said something that's gonna return volatility i mean how do we know when it's actually time to pull back in so we don't miss out on meet the tential rallies to come again and i looked a problem if not i'm not a fan of timing the mock most puts buoyed especially because when you get out that's one deficient getting back in is the second you're not going to get both right that's just not going to happen so what i tell people if they invested but just read terry your portfolio and say what happens if i get a twenty percent decline from here and can i withstand i wou i prefer to focus on what you can't control not what yukon and what i would suggest that the nasdaq as an example i would people's portfolios if they've been invested will now i have filtered very heavily to the growth stocks if he had some feet what i would suggest as you stare at the portfolios say mi diversify do i have energy stocks do i have banking stock there have enough in the areas that have not done so well so that when at a decline happens it's probably going to happen and those stocks that have done very very well over the last show net flex apple names like that that now over represent you fought for let's all my tell people is just make sure that you are properly positioned for the next the decline you don't wanna get out of amman united capital thank you very much we're markets.
"energy stocks" Discussed on Talk 1300 AM
"Cents a barrel some concerns that oil exporters will not stick to their output cuts and that's happened in the past and it's going to happen in the future social oil dropping two point one percent for the week and as such energy stocks in the sp 500 fell nine tenths of one percent friday and if you hold energy stocks if you hold an energy etf or a mutual fund it has a huge concentration in energy stocks is it hasn't been a good year the energy sector of the s p 500 is down roughly fourteen percent so far this year the year in which the dow the nasdaq and the sp as a whole are up in a nine to sixteen seventeen percent so you've got to be careful about energy prices here and there are two schools of thought you know that's why you have a market you have a buyer and you have a seller one school authorities that energy shares will be moving higher as weak as we get towards labor day the other school with autism you us crude will continue to fall uh again the output cuts will not hold up and you're going to see lower prices at the pump so that's why the dow fell yesterday felt a dozen g e and do and the overall market fell in the s p not by much but fell a little bit that because of the energy shares and um that continues to weigh in on the market.
"energy stocks" Discussed on CNBC's Fast Money
"Energy stocks again they're not an invest the bull they are trade we we were on your show several months ago saying that you know these stocks rubai in the low to mid 40s on oil and a and a cell in the low in the mid tie 50s we continue to feel that way hitches there's an opportunity so julian is back welcome to the show buy stocks now that oil is low forty so if you believe that either the economy is about the slow down in a significant way or you believe that there isn't likely to be any sort of incremental supply response as oil moves towards forty you do have to look at the sector again we go back to this entire idea that again supported by an oil price that we see as rangebound and when you think about it on a broader index level the fact is the energy sector is now trading at nearing alltime low as a percentage of the s p 500's so we do think there's an opportunity to why should we believe that oil will necessarily go higher when we're at a time now where we've seen to opec cuts and oil is back to where we were prior to the november opec cut right at after two and then also we're in a seasonal period where oil should theoretically be strong wind of summer driving season in the context a little and utilization at ninety four brian image area this should be much higher also so to us the stocks are discounting not the the the fact that the oil should be lower.