What Does the Last Minute Rally Mean? Today's UOA Tells the Story
Call it a stick save or some other phrase used to describe the market rallying off the lows into the close. I want to call it a fork in the road where the companies beginning to diverge over the next week or two. It may be a tale of the haves and have nots…
What’s Next for Oil and Oil Stocks?
Inflation is on the minds of consumers and traders every day, and oil prices are at the epicenter. This week’s Consumer Price Index (CPI) and Producer Price Index (PPI) reflect the historic inflationary pressures being felt, and the further inflationary pressures in the pipeline. With oil futures recently testing $130.50 on March 7 and retracing…
Banks on the Earnings Deck as Energy is Behind in the Count...Strikeout?
It's going to be a big week for banks as earnings season gets into full swing this week. As financials look to establish themselves in a rising rate market, it's energy stocks that led the market down today. As the term structure of oil futures flattens, is this the beginning of the end of the…
Musk-Fueled Rally on TWTR Announcement Furthers the Squeeze
Elon Musk announced a 9.2% stake in TWTR totaling $2.89B. The news sent TWTR surging over 27% during the session. While the S&P 500 finished 0.88% higher on the session, it was the most-shorted names that regained their posture after fizzling on Friday (FCEL, NNOX, PLUG, GPS, FSR, ATER, COOP).
TSLA Steals the Show as S&P Finishes Near Pivotal Level
TSLA surges 8% on stock split plans as a Chinese plant shuts down due to COVID. Quantumscape breaks out as the forever battery company looks to produce a workable solid state battery...someday. RKT, APP, and RL pop on unusual option activity. XRT sees surge in long put activity.
Hawkish Powell Pummels Bonds as 5-10 Yield Curve Inverts
Fed Chairman Powell pointed to the potential need to raise by 50bp and more aggressive quantitative tightening during a Q&A session today. The result was an inversion in the yield curve with 5-year U.S. Treasury yields rising above the 10-year. Unfortunately, the dollar failed to materially strengthen on his comments and commodity prices continued to…
Bond Yields and Inflation Expectations Soar with FOMC Week Ahead
It's the week of the Federal Reserve's FOMC announcement and press conference. While the expectations are pretty well set, it's the impact of Fed Policy and expected inflation that is most alarming for consumers, bond holders and stock owners. With all of that being said, Cal-Maine Foods Inc (NASDAQ: CALM) broke out with unusual option…
Financial lead, Crude Bleeds and the S&P Gets Squeezed
Financials gained significant ground as the leader in today's rally. While the shorts are covering, it was crude oil that saw the most selling as Energy shares were the worst performing sector. It wasn't all bad for energy as Uranium stocks surged on significant option activity (UEC, UUUU, CCJ, XLE, XLF, EFA)…
What's Hot and What's Not With Oil at $130
Light sweet crude oil futures touched $130.50 overnight as geopolitical risk and short supply drive prices higher. With rising commodity prices, what industries are showing signs of life today and which are falling under the pressure? Let's use the Magnifi platform to flesh bullish and bearish opportunities. You can open a free Magnifi account here and get…
3 Environmental Service Stocks With a Breakout Week
While oil, gold and agricultural stocks stole the show this week, it was the Environmental Services Industry that really stood out. Let's take a closer look at the movers in this industry and use the Magnifi platform to identify and compare companies. You can open a free Magnifi account here and get free access to TheoINVEST! See…