Despite bullish rhetoric from Washington and some indications of progress–the strength of the recent earnings season was a pleasant surprise–investors remain anxious in the current environment. With equity markets facing tremendous obstacles ahead, including elevated unemployment rates and an uncertain regulatory environment, safe havens have seen no shortage of interest [see Three ETFs To Protect Against A “Hindenburg Omen” Sighting]. [click to continue…]
In the midst of earnings season, stock markets are no strangers to volatility. The first week saw mixed results, with some industry leaders beating estimates while others disappointed the Street on weak revenue numbers. Week two was slightly more upbeat, with some major financial and energy companies –such as Morgan Stanley and Halliburton– crushed their [...]
A second week of earnings did little to clarify the market’s direction despite quality reports out of a host of important American corporations. After another flat Monday, markets surged on Tuesday after a strong report from Apple boosted hopes for the consumer discretionary sector as well as the electronics market. However, Fed Chair Ben Bernanke [...]
Volatility is nothing new for the energy sector. Recent years have seen the price of crude oil skyrocket to $150 before plummeting to $30, taking the profitability and outlook for an entire industry along for the ride. Outrage at elevated gas prices has sparked intense scrutiny in the past, and clashes between Big Oil and [...]
Overcoming a weak Wednesday, equity markets trended higher on the week; investors bought beaten-down shares as fears over the contagion in Europe temporarily subsided. The bulk of the week’s gain came on Thursday as the Dow gained 2.8% and the S&P 500 gained 3% on upbeat comments from the ECB as well as strong data [...]
The first six weeks of 2010 have been a bit on the tumultuous side, as equity markets that came flying out of the gate have done a complete reversal, heading lower and erasing large chunks of the gains recorded in 2009. While the rocky start has been unnerving for investors anxious over the possibility of [...]
On Monday, news of coordinated bomb attacks in Baghdad made headlines around the world, highlighting the ongoing violence that continues to grip Iraq. Also on Monday, the government reported that the man known as “Chemical Ali,” one of the most ruthless allies of Saddam Hussein, was executed for crimes against humanity. Receiving far less attention [...]
Earnings season continued on Wednesday with announcements from several major global energy firms. Exxon Mobil, the world’s largest oil company, reported earnings of $4.7 billion, or 98 cents per share, representing a 68% drop from year ago levels when the company set earnings records. Analysts had been expecting earnings of $1.06 per share, and Exxon’s [...]
Over the last two weeks, crude oil prices have crept higher on hopes of a continued recovery and increasingly strong demand from China. With some analysts anticipating that crude will continue to rise, many investors have begun tilting their portfolios more heavily towards energy ETFs, hoping that higher margins will lead this sector to outperform [...]
The Wall Street Journal is reporting that Cnooc Ltd., a state-owned Chinese oil company, is close to a deal that would open the U.S. Gulf of Mexico to China’s oil companies for the first time. The potential transaction reflects the impact that the recent recession has had on global deal-making. Four years ago, Cnooc’s abandoned [...]
It’s been an interesting week in the world of ETFs: The leaders of the G-20 nations met in Pittsburgh, existing home sales fell 2.7% in August, and oil fell below $66/bbl. Here are the ETF Database staff picks of the week’s most important and interesting stories from around the Web: