Analyst picks energy stocks for a recession

Crude prices are tumbling on recession fears, but one analyst remains bullish on oil stocks, saying a downturn is unlikely to dampen demand too much. Dan Pickering, chief investment officer at Pickering Energy Partners, said that some energy sectors had reported strong second-quarter earnings, such as refiners, exploration and production companies, and oilfield services. The … Read more

McDonald’s, Microsoft, Uber, Alphabet, Chipotle

Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank downgrades McDonald’s to hold from buy Deutsche downgraded the fast-food giant after its earnings report Tuesday, noting it sees limited upside potential. “Company owned restaurant margins in the US were below consensus, while IOM (intl. operated markets) segment margins were slightly above; however, on the … Read more

Snap, American Express, Verizon, Seagate and more

Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American … Read more

American Express, Verizon, Schlumberger and more

Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment. Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted … Read more

How to invest in energy stocks, oil companies: Morningstar strategist

Crude prices have broadly surged over the past year on the back of supply cuts and the Russia-Ukraine war; unsurprisingly, this has given oil stocks a major boost. But some of these companies are starting to look expensive, according to David Sekera, Morningstar’s chief US market strategist, who said there’s another corner of the sector … Read more

Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to shift their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the … Read more

McDonald’s, Netflix, Amazon, Nvidia, Visa

Here are Friday’s biggest calls on Wall Street: Edward Jones upgrades Qualcomm to buy from hold Edward Jones it sees an “attractive” buying opportunity in Qualcomm. “We are upgrading Qualcomm to a Buy from a Hold because we believe the stock does not fully reflect our growth outlook.” Read more about this call here. Wells … Read more

Prepare for the U.S. dollar hit on S&P 500, big tech earnings

A picture taken on November 7, 2017 shows people arriving at the headquarters of Nike Europe in Hilversum. AFP Contributor When athletic apparel giant Nike disclosed on June 27 that a strong US dollar weighed on sales in its most recent quarter and the rising value of the greenback would keep pressuring sales in fiscal … Read more

GameStop, Virgin Galactic & more

Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading. GameStop – Shares of the video game retailer jumped more than 8% after the company said a 4-for-1 stock split was approved … Read more

Quarterly investment guide 3Q 2022: Global energy outlook

The energy sector has been a rare bright spot this year – one of just two sectors on the MSCI World Index that are in positive territory. The sector is up about 15% this year, outperforming the wider index, which has declined about 20% in the same period. After steep declines at the peak of … Read more