Energy Sector

Overnight, it’s gone from being a coronavirus story to a crude story as the market continues its rapid descent.  Slammed by a 30% bloodbath in crude, S&P 500 futures sank 5% at times, hitting their overnight limit for the first time since the night Donald Trump was elected. The...

A wild week ended with another head-spinning session Friday as stocks stormed back in the last half hour from deep losses to end above key technical support. The late charge helped stocks finish the week slightly higher despite massive levels of volatility. Whether Friday’s late recovery...

Even before tension spiked in the Middle East on Jan. 2 when the U.S. assassinated an Iranian military official, crude was on the rise. Now we’re heading into the Energy sector reporting season with oil prices in a state of flux—having touched their highest levels since April of last...

After sputtering all year, energy stocks finally got a boost last month. It wasn’t necessarily how company executives would have envisioned, however, because it took a devastating military strike against Saudi oil facilities to help the struggling sector post some decent gains on Wall Street...

After a rough Q1 earnings season for many major Energy sector companies, it looks like things are slowly turning around as the next reporting period looms. However, the sector continues to sputter amid soft product prices that may reflect slowing global economic growth. The operative word might be...

If you want to know why many analysts expect S&P 500 Q1 earnings to fall, look no further than the Energy sector. Companies that suck crude out of the earth, process it, and sell refined products to consumers could face a worse than 20% year-over-year earnings decline, assuming Wall Street...

Investors have heard quite a bit of this lately: The energy sector is the worst-performing group in the S&P 500. However, the struggles of the S&P 500's seventh-largest sector weight are not uniform — certainly not among the exchange-traded funds tracking group. While ETFs that...

Despite all the scuttlebutt that the Federal Reserve is finally nearing its first interest rate hike of 2016, the U.S. Dollar Index has not done much this month, trading slightly lower. On the other hand, oil prices are rallying, which usually does not happen when traders expect the dollar to rise...

Argus Research said the Markit merger would help IHS Inc. (NYSE: IHS) diversify its revenue base to financials and offset the downturn in energy sector. The Merger IHS agreed to merge with London-based financial information services provider Markit on March 21. The merged entity will be called IHS...

Oil refiner stocks were the stars of the energy sector in 2015, but they have been absolutely crushed so far in 2016. While the Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 11.3 percent this year, refiner stocks are averaging a more than 40 percent decline. Goldman Sachs analyst Neil Mehta...

The Energy Select Sector SPDR (ETF) (NYSE: XLE), the largest equity-based exchange-traded fund tracking the energy sector, is up more than 10 percent in the second quarter. That extends a run that has XLE up 12.5 percent year-to-date, a showing that, among the sector SPDR ETFs, has been trumped...

The Energy Select Sector SPDR (ETF) (NYSE: XLE), the largest equity-based exchange-traded fund tracking the energy sector, is up nearly 12 percent over the past month. XLE's exploration and production and more volatile counterpart, the SPDR S&P Oil & Gas Exploration & Prod. (ETF) (...

Some insiders continue to take advantage of the ongoing market volatility to snap up bargains. Notable insider purchases this past week came from the financial, industrial and energy sectors. Strong insider buying is often considered a positive sign for investors, particularly during volatile...

On Monday, UBS issued a report on Air Products & Chemicals, Inc. (NYSE: APD) and Praxair, Inc. (NYSE: PX) after a recent selloff in the energy industry. Currently, analysts rate Air Products & Chemicals as a Buy with a $151 price target and Praxair as a Buy with a $109 price target. UBS...

February is here, and with the arrival of the second month of the year comes renewed optimism that this month will bring better things to equity investors than January brought. As is the case with the arrival of each new month, sector-level opportunity also arrives; February usually brings...