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Oil glut continues: Stocks to buy now

Sectors like consumer discretionary, retail, transportation & travel and restaurants often benefit when consumers don’t have to shell out for higher gas prices.

Stocks, metals off to the races. Irrational exuberance returns?

WASHINGTON, March 17, 2016—Like our friends the Marx Brothers above, Thursday’s markets, at least as of mid-afternoon, are clearly “off to the races.” Following Wednesday afternoon’s surprisingly robust afternoon rally kicked off by the Fed’s announcement, Thursday trading opened rather anemically, before kicking into gear around 11 a.m. EDT. That’s been a well-developed pattern this ...

Stocks party hard on Super Tuesday, Dow up triple digits

WASHINGTON, March 1, 2016 – March really did roar in like a lion Tuesday, at least on Wall Street. After a mopey, gloomy, miserable leap-Monday (February 29), a majority of stocks were off to the races Super Tuesday morning, with the Dow up slightly over 2 percent, while the S&P 500 and the NASDAQ closed ...

False alarm: Rally on oil “freeze” fades, reality intervenes

WASHINGTON, Feb. 16, 2015 – The excitement building prior to Tuesday morning’s opening bell on Wall Street has faded quickly in the first two hours of trading. The big news hitting the tape was that the Russians and Saudis had absolutely reached an earth-shattering agreement on ratcheting back oil production, something that’s desperately needed at ...

Forget the rally. Stocks set to plunge as oil drops 6 percent

WASHINGTON, Jan 15, 2016 — After Thursday’s exhilarating and quite-surprising rally, stocks are set to resume their sickening January plunge Friday morning. Big time. West Texas Intermediate (WTI) futures are down nearly 6 percent as of 8:30 a.m. EST, and Brent crude—the international benchmark—is down over 4 percent. Add another bearish day from China, and ...