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oil stocks

Iron Sheiks clobber the oil patch in major market smackdown

WASHINGTON, Dec. 7, 2015 – Stocks are experiencing a worse than usual case of the Monday blues today, with all major averages trending down hard. Selling is pretty much across the boards with stocks taking it in the ear as the current double whammy of Saudi oil intransigence and Fed interest rate determination combine to ...

Ferrari IPO debuts, stock market fails to absorb hormones

WASHINGTON, October 21, 2015 – The eagerly-anticipated IPO of the costly Italian automaker Ferrari was priced Tuesday evening at $52 per share—the high end of its estimated range. As predicted, the stock popped during this morning’s opening trade, briefly hitting $60 per share before settling back in the $56 dollar range. The Ferrari action (TRIGGER ...

August 24, 2015: Another Black Monday incoming for Wall Street?

WASHINGTON, August 23, 2015 — In our previous article, we reviewed some of the history and major concerns that likely led to last week’s stock market collapse. In this piece, we’ll pinch in on the immediate concerns that need to be addressed to get both markets and the moribund U.S. economy back on track. Read ...

Ice, oil, employment? Reasons why stocks plummet Wednesday?

WASHINGTON, March 4, 2015 – For well over a week now, the Maven has been sitting here in front of his souped-up, big-screen iMac watching trading screens and wondering why the hell he’s still sitting here wasting his time. Wednesday’s trading is, at least as of 3 p.m. EST, just as lousy as it was ...

A relatively quiet options-expiration Friday on Wall Street

WASHINGTON, December 19, 2014 – Not really much to talk about today in the markets. Oh, sure, after a few predictable ups and downs, the market is back up around 80 Dow points one half hour before Friday’s closing bell. But it’s options and futures expiration day today, and trading is predictably weird at such ...

Saudi remarks torpedo tepid oil rally on Wall Street

WASHINGTON, December 3, 2014 – Just when investors in major oil stocks thought it was safe to come out of their bunkers, the Saudis casually fragged them again just after lunch, EST. Our best buddies in the Middle East just sort of, kind of dropped a hint they could live with $60 bbl. crude oil ...

Awash in oil? Oil stocks deep underwater as market plunges

WASHINGTON, December 1, 2014 – Over the Thanksgiving holiday weekend, most Americans traveling by car founded prices at the pump a true wonder to behold. Now well below $3 in most jurisdictions across the U.S., the price drop almost instantly puts more money in the pockets of salary-starved working Americans. But for oil companies and ...

Banks penalized, oils mertilized, leaderless stocks meander

WASHINGTON, November 13, 2014 – Thursday’s trading is shaping up to be pretty much like Wednesday’s. Major stock groups are getting hit, damaging major averages. Trading interest is low, encouraging the usual low-volume mischief by HFTs. And there’s no real catalyst for buyers now that earnings season is pretty much over. News continues to come ...