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The recovery in Exxon Mobil (NYSE:XOM) reached new heights this week amid continued bullish behavior from crude oil. Black gold is fast approaching $40 after notching its best month ever. Against that backdrop, the angst surrounding the debt-laden energy sector has dissipated. And just like that, Exxon Mobil stock is back to where it was when the Saudi-Russia oil war delivered a massive shock to the energy patch on March 9.Source: Harry Green / Shutterstock.com Let's take a fresh look at the improving technicals in oil and Exxon Mobil. Then we'll walk through how to profit from the continued recovery using a leveraged options trade. Oil's MeltupSource: The thinkorswim® platform from TD Ameritrade May went down in this history books as the best month ever for oil prices. West Texas Intermediate rallied 85%, as traders pulled its depressed price back from the abyss. The jump from $19 to $35 was relentless,...
Although fossil fuels appear to be on the way out, they'll probably stick around for a lot longer than anyone possibly could imagine. That's good news for companies like Halliburton (NYSE:HAL), which provides products and services to the energy industry, and it's very good news for Halliburton stock.Here's why. Halliburton Is Hanging in ThereSource: Casimiro PT / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsI couldn't tell you where oil prices are going to be a year from now, but I'm pretty sure the companies that haven't gone out of business will be using Halliburton's expertise and products. The first-quarter results of many American companies showed that their business models have developed some cracks. Halliburton is in that category. InvestorPlace columnist Nick Clarkson reported in his April 20 column that the company had reported a Q1 net loss of $1.02 billion on$5.04 billion in revenue. Its revenues sank...
Yahoo Finance's Emily McCormick joins The First Trade to break down Gap's response to a lawsuit filed by the mall owner Simon Property Group against the retailer....
Shares of DraftKings (NASDAQ:DKNG) have been on a tear since the IPO in late April. DraftKings stock has more than doubled in that time frame. It has benefited from the stay at home orders as bettors no longer could head to the casinos.Source: Lori Butcher/Shutterstock.com Certainly some of the move higher was warranted given the uptick in platform use and the increased likelihood of more states legalizing gambling to bring in much needed revenues. The red-hot rally has now come too far, too fast. Time to cash in your bets on DKNG. Fundamental FocusMatt McCall and the InvestorPlace Research Staff put together an outstanding research report yesterday. They highlighted many reasons to like DraftKings stock going forward, but wouldn't be a buyer at current levels due to valuation concerns. Instead they recommend waiting for a pullback before buying DraftKings stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe average analyst...
Potential First Savings Financial Group, Inc. (NASDAQ:FSFG) shareholders may wish to note that the Independent......
Tech stocks are stole the headlines yesterday with the Nasdaq-100 officially reaching a record high. In celebration of the milestone, and to help you make some dough, here are three Nasdaq stocks to buy.Some would say yesterday's push into all-time highs was inevitable. Large-cap tech has led the market recovery since day one. Relative strength was even its loyal companion during the March massacre. Compared to the broader S&P 500's drop of 36%, the Invesco QQQ ETF (NASDAQ:QQQ) was only down 31% at its trough.While it's true that the market recovery has broadened out to include small-caps and sectors that initially lagged, it hasn't come at the expense of the tech sector. We've seen a slight slowing in the ascent over the past two weeks, but all support zones have held firm, and the uptrend remains intact.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hotel Stocks to...
Matt Luzzetti, Deutsche Bank Chief U.S. Economist joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to break down the May jobs report. ...
