Fasten your seat belts. Dramatic swings in the oil market may soon become the norm.
After a prolonged period of low prices and relative calm, oil watchers are predicting a surge of volatility following President Trump’s decision to reimpose sanctions on Iran. Crude has spiked 19% this year, to prices unseen since late 2014.
Taking away Iranian oil after production cuts by Venezuela, Saudi Arabia and Russia effectively means the margin for error in the market will become razor-thin.
In 2015 and 2016, there was so much supply that crude prices crashed. Now that buffer has been worn down so much that the market is extra-sensitive to geopolitical dangers and other shocks.
But that’s not all. Other powerful drivers are likely to jerk oil prices around, including the resurgent US dollar and a surge in production from Texas shale fields.
“Without a doubt, there are a variety of forces that could upset the balance and move us into a more volatile period,” said Ben Cook, portfolio manager at BP Capital Fund Advisors, an energy investment firm.
Top 10 Low Price Stocks To Buy For 2019: Legacy Reserves LP(LGCY)
- [By Matthew DiLallo]
Legacy Reserves (NASDAQ:LGCY) continued its torrid run on Wednesday, rising another 20% by 12:45 p.m. EDT after one of the company’s largest investors revealed the purchase of additional units. That brings the oil and gas producer’s year-to-date rally up over 250% as fears concerning its future have quickly faded alongside higher oil prices.
- [By Lisa Levin] Gainers
Oragenics, Inc. (NYSE: OGEN) shares surged 66.67 percent to close at $2.00 on Wednesday after the company’s AG013 for oral mucositis in head and neck cancer patients showed favorable safety profile in mid-stage OM study.
Sigma Labs, Inc. (NASDAQ: SGLB) shares jumped 49.24 percent to close at $1.97 on Wednesday. Sigma Labs demonstrated proof of concept for closed loop quality control during metal additive manufacturing.
ASLAN Pharmaceuticals Limited (NASDAQ: ASLN) rose 34.45 percent to close at $9.21. BTIG Research initiated coverage on ASLAN Pharmaceuticals with a Buy rating.
Dick's Sporting Goods, Inc. (NYSE: DKS) shares rose 25.82 percent to close at $38.35 after the company reported upbeat Q1 earnings and raised FY18 earnings outlook.
TapImmune, Inc. (NASDAQ: TPIV) rose 24.15 percent to close at $5.09. WBB Securities upgraded TapImmune from Speculative Buy to Buy.
Legacy Reserves LP (NASDAQ: LGCY) jumped 23.3 percent to close at $5.98 on Wednesday.
Summer Infant, Inc. (NASDAQ: SUMR) gained 22.92 percent to close at $1.18 after announcing commitment for $60 million credit facility from Bank of America and $17.5 million term loan from Pathlight Capital.
Cloud Peak Energy Inc. (NYSE: CLD) rose 21.95 percent to close at $4.00.
SpartanNash Co (NASDAQ: SPTN) gained 21.4 percent to close at $22.92 after the company reported upbeat earnings for its first quarter on Tuesday.
Motus GI Holdings, Inc. (NASDAQ: MOTS) rose 17.14 percent to close at $5.40.
Movado Group, Inc. (NYSE: MOV) gained 16.59 percent to close at $49.20 after the company reported better-than-expected Q1 results and raised its guidance.
Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) climbed 15.61 percent to close at $8.22. Oramed Pharma disclosed that its patent has been allowed in the US for oral administration of proteins.
Dorian LPG Ltd. (NYSE: LPG) rose 14.89 percent to close at $8.41. Dorian LPG confirmed receipt of unsolicited proposal fr
- [By Jason Hall]
Shares of Texas-based independent oil producerLegacy Reserves LP(NASDAQ:LGCY) finished regular trading down by 15.9% on May 22. To add further frustration for some investors, the drop wasn’t tied to any news for the partnership specifically, or for oil producers in general. As a matter of fact, oil prices climbed on the day, breaching the $80 per-barrel mark briefly before receding a little. Brent crude futures finished the day at $79.49, the highest price for crude oil in more than three years, while West Texas Intermediate — or WTI — futures were relatively flat at around $72 per barrel on the day.
- [By Lisa Levin]
Wednesday morning, the energy shares surged 1.9 percent. Meanwhile, top gainers in the sector included Dorian LPG Ltd. (NYSE: LPG), up 8 percent, and Legacy Reserves LP (NASDAQ: LGCY) up 14 percent.
Top 10 Low Price Stocks To Buy For 2019: CSX Corporation(CSX)
- [By Garrett Baldwin]
Market fears of an escalating Middle Eastern conflict abated thanks to last week’s military strikes against the Syrian government. On Friday, April 13, U.S. forces joined the United Kingdom and France in retaliation for a chemical gas attack carried out by the Syrian government. The military exercise came at a time that tensions are also rising in the Middle East between Saudi Arabia and Iran.
Today, several members of the U.S. Federal Reserve will be speaking at events around the globe, including San Francisco Fed President John Williams and Chicago Fed Bank President Charles Evans. But no one will be more watched today than Fed Gov. Randal Quarles, who will testify before the U.S. House Financial Services Commission. Quarles will provide testimony on the central bank’s plans to regulate and oversee the financial system. Expect a wealth of questions about the Fed’s plans to raise interest rates and manage its massive balance sheet. Money MorningLiquidity SpecialistLee Adler offers you advice on how to play the Fed’s problems, right here.
Four Stocks to Watch Today: GS, NFLX, TSLA, and ROKU
Shares of Goldman Sachs Group Inc. (NYSE: GS) added 0.6% after the Wall Street bank easily topped Q1 earnings and revenue estimates. The firm reportedearnings per share (EPS) of $6.95 on top of more than $10 billion in revenue. Analysts projected EPS of $5.67 on top of $8.89 billion. The investment bank hiked its quarterly dividend and said that revenue from equity trading rallied thanks to an uptick in recent market volatility.
Shares of Tesla Inc. (Nasdaq: TSLA) are flat on the news that the firm will suspend production of its Model 3 vehicles. The firm said the temporary halt in production will aim to “improve automation” and address ongoing bottlenecks in its production process.
Shares of Roku Inc. (Nasdaq: ROKU) popped more than 8.2% on news that Steven Cohen’s family office has taken a passive 5.1% stake in the company. The streaming device manufactur
- [By Dan Caplinger]
The railroad industry has gone through a lot in recent years, as turbulent conditions in many of the end markets that key railroad customers serve have led to volatile levels of volume and revenue. CSX (NASDAQ:CSX) has also had to deal with an unexpected CEO transition in the middle of turnaround efforts that the railroad company had hoped would be able to pull it out of a long funk.
- [By ]
CSX Corp. (CSX) shares jumped in after-hours trading Tuesday, April 17, after reporting a top- and bottom-line beat for the first quarter, driven by lower costs and restructuring expenses.
- [By Motley Fool Staff]
CSX Corporation (NASDAQ:CSX)Q2 2018 Earnings Conference CallJuly 17, 2018, 4:30 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By ]
CSX Corp. (CSX) shares rose slightly ahead of its first-quarter financial results, which will be released after the bell Tuesday, April 17.
- [By Asit Sharma]
Rail-based freight transportation provider CSX Corporation (NASDAQ:CSX) reports second-quarter 2018 earnings Tuesday after the close of trading. Shares have ascended more than 15% since the company’s successful first-quarter report in mid-April, due in part to management’s focus on leaner operations and improving efficiency. Below, let’s delve into an earnings preview, by way of four items with the potential to either support the current positive trend, or catalyze a bout of profit-taking.
Top 10 Low Price Stocks To Buy For 2019: iShares Morningstar Large-Cap Growth (JKE)
- [By Joseph Griffin]
iShares Morningstar Large Growth (NYSEARCA:JKE) declared a quarterly dividend on Tuesday, June 26th, Wall Street Journal reports. Investors of record on Wednesday, June 27th will be paid a dividend of 0.3796 per share on Monday, July 2nd. This represents a $1.52 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, June 26th. This is a boost from iShares Morningstar Large Growth’s previous quarterly dividend of $0.34.
Top 10 Low Price Stocks To Buy For 2019: Tyco International Ltd.(Switzerland)
- [By ]
In addition to South Korea’s small ETF, there are a few funds traded in Europe that track Mexican assets. Here are the ones to watch:
Xtrackers MSCI Mexico UCITS ETF (Germany)iShares MSCI Mexico Capped UCITS ETF USD (Switzerland)HSBC MSCI Mexico Capped UCITS ETF (U.K.)Kim Kindex MSCI Mexico ETF (South Korea)Stocks
Some of the larger companies based in Mexico are dual listed in Europe. While trading in these securities is limited, there may be some movement in the European morning hours. Here are a few to watch:
Top 10 Low Price Stocks To Buy For 2019: SITO Mobile, Ltd.(SITO)
- [By Stephan Byrd]
Birchview Capital LP lifted its position in shares of SITO Mobile (NASDAQ:SITO) by 16.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 140,000 shares of the Wireless communications provider’s stock after acquiring an additional 20,000 shares during the period. SITO Mobile accounts for 0.4% of Birchview Capital LP’s portfolio, making the stock its 25th biggest holding. Birchview Capital LP’s holdings in SITO Mobile were worth $563,000 at the end of the most recent reporting period.
- [By Stephan Byrd]
Private Advisor Group LLC purchased a new stake in shares of Sito Mobile Ltd (NASDAQ:SITO) in the 1st quarter, Holdings Channel reports. The fund purchased 26,300 shares of the Wireless communications provider’s stock, valued at approximately $106,000.
- [By Max Byerly]
Sito Mobile Ltd (NASDAQ:SITO) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.60.
Top 10 Low Price Stocks To Buy For 2019: Zosano Pharma Corporation(ZSAN)
- [By Paul Ausick]
Zosano Pharma Corp. (NASDAQ: ZSAN) dropped about 17% Tuesday to post a new 52-week low of $0.54 after closing at $0.65 on Friday. Volume was around 720,000, about 10% below the daily average of around 850,000. The company had no specific news.
- [By Joseph Griffin]
Zosano Pharma (NASDAQ:ZSAN) will announce its earnings results after the market closes on Tuesday, May 15th.
Zosano Pharma (NASDAQ:ZSAN) last issued its quarterly earnings results on Monday, March 12th. The biotechnology company reported ($3.80) EPS for the quarter, topping analysts’ consensus estimates of ($4.80) by $1.00.
Top 10 Low Price Stocks To Buy For 2019: Asia Pacific Wire & Cable Corporation Limited(APWC)
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Zoe's Kitchen, Inc. (NYSE: ZOES) fell 27.8 percent to $10.45 in pre-market trading after the company reported weaker-than-expected earnings for its first quarter. The company also lowered its FY18 sales outlook from $358million-$368 million to $345 million-$352 million.
Hibbett Sports, Inc. (NASDAQ: HIBB) shares fell 15.6 percent to $24.50 in pre-market trading after the company reported weaker-than-expected results for its first quarter.
Rockwell Medical, Inc. (NASDAQ: RMTI) fell 15.5 percent to $5.02 in the pre-market trading session after the company disclosed that its President and CEO Robert Chioini was terminated.
BG Staffing Inc (NYSE: BGSF) shares fell 12.7 percent to $19.00 in pre-market trading after reporting a common stock offering.
8×8, Inc. (NASDAQ: EGHT) fell 9.3 percent to $20.00 in pre-market trading after reporting downbeat quarterly earnings.
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) fell 7.7 percent to $2.35 in pre-market trading after rising 3.88 percent on Thursday.
Gap, Inc. (NYSE: GPS) shares fell 7.5 percent to $30.49 in pre-market trading after the company posted downbeat earnings for its first quarter on Thursday. Comps were up 1 percent in the quarter.
California Resources Corporation (NYSE: CRC) fell 6.4 percent to $33.91 in pre-market trading.
Buckle Inc (NYSE: BKE) fell 4.9 percent to $24.50 in pre-market trading following weak quarterly sales.
China Rapid Finance Limited (NYSE: XRF) shares fell 4.9 percent to $3.13 in pre-market trading after climbing 11.53 percent on Thursday.
Ross Stores, Inc. (NASDAQ: ROST) fell 4.8 percent to $78.98 in pre-market trading. Ross Stores reported upbeat earnings for its first quarter, but issued weak forecast for the current quarter.
Callon Petroleum Company (NYSE: CPE) shares fell 4.7 percent to $11.90 in pre-market trading after the company reported pricing of common
Top 10 Low Price Stocks To Buy For 2019: Jason Industries, Inc.(JASN)
- [By Shane Hupp]
PlayAGS (NYSE: AGS) and Jason Industries (NASDAQ:JASN) are both small-cap consumer discretionary companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, risk, valuation, dividends, profitability, earnings and institutional ownership.
Top 10 Low Price Stocks To Buy For 2019: MercadoLibre Inc.(MELI)
- [By Brian Stoffel]
We’ll cover each of those below for these five growth stocks.
Company What it does…
Mercadolibre(NASDAQ:MELI) Leading e-commerce player in Latin America
Axon Enterprises(NASDAQ:AAXN) Develops products for police forces: TASERs, body cameras, and a database to store and analyze footage
Shopify(NYSE:SHOP) Helps merchants create an e-commerce presence
Ellie Mae(NYSE:ELLI) Offers platform to help streamline mortgage origination and refinancing business
Paycom Solutions(NYSE:PAYC) Maintains and develops cloud solutions for HR departments
Chart by author.
- [By Motley Fool Staff]
We’recoming down the home stretch. Here comes stock No. 4, the companyMercadoLibre (NASDAQ:MELI). The ticker symbol is MELI. Again, a slight effort at trying to pronounce the name as a native speaker of Spanish might. This is a company that’s a $13 billion company. It’s one I’ve mentioned a number of times on this podcast. I’m sure, in some of our five-stock samplers,I’ve included it. I’m not looking at the full listright now. It’s one of my favorite go-to companies.
- [By Lisa Levin]
Companies Reporting After The Bell
Booking Holdings Inc. (NASDAQ: BKNG) is projected to post quarterly earnings at $10.67 per share on revenue of $2.87 billion.
CenturyLink, Inc. (NYSE: CTL) is expected to post quarterly earnings at $0.19 per share on revenue of $6.00 billion.
Albemarle Corporation (NYSE: ALB) is projected to post quarterly earnings at $1.21 per share on revenue of $803.36 million.
Spectra Energy Partners, LP (NYSE: SEP) is estimated to post quarterly earnings at $0.81 per share on revenue of $751.57 million.
IAC/InterActiveCorp (NASDAQ: IAC) is expected to post quarterly earnings at $0.8 per share on revenue of $923.80 million.
Open Text Corporation (NASDAQ: OTEX) is projected to post quarterly earnings at $0.62 per share on revenue of $691.75 million.
Tutor Perini Corporation (NYSE: TPC) is expected to post quarterly earnings at $0.29 per share on revenue of $1.09 billion.
Twenty-First Century Fox, Inc. (NASDAQ: FOXA) is projected to post quarterly earnings at $0.54 per share on revenue of $7.41 billion.
ICU Medical, Inc. (NASDAQ: ICUI) is estimated to post quarterly earnings at $1.84 per share on revenue of $346.28 million.
TechnipFMC plc (NYSE: FTI) is expected to post quarterly earnings at $0.33 per share on revenue of $3.13 billion.
Synaptics Incorporated (NASDAQ: SYNA) is projected to post quarterly earnings at $0.91 per share on revenue of $401.76 million.
The Dun & Bradstreet Corporation (NYSE: DNB) is expected to post quarterly earnings at $1.07 per share on revenue of $386.91 million.
Matrix Service Company (NASDAQ: MTRX) is estimated to post quarterly earnings at $0.07 per share on revenue of $285.16 million.
Maiden Holdings, Ltd. (NASDAQ: MHLD) is projected to post quarterly earnings at $0.21 per share on revenue of $739.31 million.
tronc, Inc. (NASDAQ: TRNC) is expected to post quarterly earnings at $0.65 per share on revenue of $428.25 million.
- [By Motley Fool Staff]
In this segment fromIndustry Focus: Tech, analyst Dylan Lewis is joined by Fool.com contributor Danny Vena to discuss MercadoLibre’s(NASDAQ:MELI) competitive advantages against larger online players and whether the company would make an attractive acquisition.
- [By ]
The Dominant Player Still Flying Under The Radar Of Most Investors
Interestingly, it’s the same company that replaced Yahoo on the Nasdaq 100. The company is MercadoLibre (Nasdaq: MELI), headquartered in Buenos Aires, Argentina. And like Yahoo before it, MercadoLibre (“Free Market” in Spanish) was founded in 1999 by a Stanford Graduate student, Marcos Galperin.
- [By Max Byerly]
Get a free copy of the Zacks research report on MercadoLibre (MELI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Low Price Stocks To Buy For 2019: Golar LNG Partners LP(GMLP)
- [By Dan Caplinger]
Friday was a good day on Wall Street, with the Dow Jones Industrial Average once again climbing triple digits and other major benchmarks following suit with similar-sized percentage gains. The U.S. economy continued to move forward last month, and the latest jobs numbers from the Bureau of Labor Statistics showed ongoing progress in creating new positions and reducing unemployment rates. Yet some stocks weren’t able to join in the celebration that accompanied the strong economic report. Petroleo Brasileiro (NYSE:PBR), Golar LNG Partners (NASDAQ:GMLP), and Abercrombie & Fitch (NYSE:ANF) were among the worst performers on the day. Here’s why they did so poorly.
- [By Stephan Byrd]
Media stories about Golar LNG Partners (NASDAQ:GMLP) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Golar LNG Partners earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.501475004652 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
- [By Lisa Levin] Companies Reporting Before The Bell
Dollar Tree, Inc. (NASDAQ: DLTR) is expected to report quarterly earnings at $1.23 per share on revenue of $5.56 billion.
Express, Inc. (NYSE: EXPR) is projected to report quarterly loss at $0.02 per share on revenue of $466.25 million.
Dollar General Corporation (NYSE: DG) is estimated to report quarterly earnings at $1.4 per share on revenue of $6.20 billion.
Tech Data Corporation (NASDAQ: TECD) is expected to report quarterly earnings at $1.46 per share on revenue of $8.13 billion.
Burlington Stores, Inc. (NYSE: BURL) is estimated to report quarterly earnings at $1.09 per share on revenue of $1.49 billion.
Ciena Corporation (NYSE: CIEN) is projected to report quarterly earnings at $0.3 per share on revenue of $726.56 million.
American Eagle Outfitters, Inc. (NYSE: AEO) is expected to report quarterly earnings at $0.22 per share on revenue of $806.17 million.
Titan Machinery Inc. (NASDAQ: TITN) is estimated to report quarterly loss at $0.08 per share on revenue of $276.27 bmillion.
Donaldson Company, Inc. (NYSE: DCI) is projected to post quarterly earnings at $0.52 per share on revenue of $682.68 million.
Ship Finance International Limited (NYSE: SFL) is expected to report quarterly earnings at $0.21 per share on revenue of $92.08 million.
Perry Ellis International, Inc. (NASDAQ: PERY) is projected to report quarterly earnings at $0.67 per share on revenue of $232.30 million.
Kirkland's, Inc. (NASDAQ: KIRK) is estimated to report quarterly loss at $0.09 per share on revenue of $140.83 million.
Build-A-Bear Workshop, Inc. (NYSE: BBW) is expected to report quarterly earnings at $0.18 per share on revenue of $90.20 million.
J.Jill, Inc. (NYSE: JILL) is projected to report quarterly earnings at $0.19 per share on revenue of $160.50 million.
Christopher & Banks Corporation (NYSE: CBK) is expected to report quarterly loss at $0.08 per share on revenue of $89.35 million.