|Day Low/High||64.64 / 65.90|
|52 Wk Low/High||32.20 / 67.63|
Another look at our stock shopping list unveiled yesterday. Plus, a discussion of the OPEC deal and oil's market impact.
You have to start small. No hurry, because oil will meet resistance at $50.
Jim Cramer has his energy stock shopping list ready after OPEC cut production for the first time since 2008.
We are pleasantly surprised by the larger-than-anticipated oil-production cut announcement, but we await clarity and confirmation before making any big move.
The most recent short interest data has been released for the 11/15/2016 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Buy APA here with significant upside on the charts.
Oppenheimer technical analyst Ari Wald suggests that oil and energy stocks are ready to break out in the coming months ahead.
These three companies hold significant assets that the market has yet to fully value.
The most recent short interest data was recently released for the 10/14/2016 settlement date, and Apache Corp is the #114 most shorted of the S&P 500 components, based on 6.15 "days to cover." There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then divided by the average daily volume, to express the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Renewable energy players took a beating in pre-market trading Wednesday, while fossil fuels focused companies, which are not expected to be widely affected by a Trump presidency, were also slipping.
The selloff creates discrete, bargain-hunting opportunities, and we intend to deploy our historically high cash position in a number of names.
Apache (APA) on Thursday morning reported third-quarter results that topped analysts' estimates.
APA and YUM are both digging deeper for new opportunities, Jim Cramer says.
From politics and oil to Apple, there was no good news for the market, says Jim Cramer.
Consider using price weakness to begin acquiring a long position.
Jim Cramer favors energy companies operating in the Permian Basin, like Anadarko.
A larger-than-expected crude oil stockpile drawdown saw the commodity soar to one-year highs Wednesday, and with it came an energy industry longing for a comeback.
Jim Cramer ponders how oil and math don't mix, and the fate of Wells Fargo's Stumpf.
Tom Bastian, senior portfolio manager at Invesco, said these stocks are bargains.
Cisco is making the Internet of Things more of a reality, while Pioneer Natural and EOG are fitting into the world of $40 a barrel for oil.
Deutsche Bank's problems have investors worried about another Lehman failure, Cramer says.