6 July, 2015 by The TZ Newswire Staff Comments Off on Energy Plays Valero, Marathon Touch New Highs
Energy Plays Valero, Marathon Touch New Highs
Despite a tumble in oil prices Monday, two energy stocks fresh out of bases touched new highs. One, Valero Energy (VLO) of San Antonio, operates 15 refineries with a capacity of 2.9 million barrels a day, along with 11 ethanol plants. The stock broke out of a cup base last week and is still within range of a 64.59 buy point. It rose 0.62 to close at 65.34. The company has a five-year annualized earnings growth rate of 44%.
6 July, 2015 by The TZ Newswire Staff Comments Off on Can Chip Plays Like Avago Recover From Sell Signals?
Can Chip Plays Like Avago Recover From Sell Signals?
Avago Technologies (AVGO) is back near a 136.38 buy point after a powerful breakout in late May sputtered. The stock erased a 10% profit, triggering a “round trip” sell signal, but it is trying to reassert itself. So far, shares have found support at the 50-day moving average. If Avago is able to retake its buy point in heavy trade, it would provide another opportunity to buy shares.
6 July, 2015 by The TZ Newswire Staff Comments Off on Worst over for crude: Pro
Worst over for crude: Pro
Discussing the impact global turmoil is having on the oil market, with Kent Moors, Money Map Global Energy, who sites the current decline as physiological.
6 July, 2015 by The TZ Newswire Staff Comments Off on In this market, ‘I’d rather stay home’: Acampora
In this market, ‘I’d rather stay home’: Acampora
Citing a firm dollar and neutrality in the face of uncertainty, Ralph Acampora explains why the U.S. market looks best.
6 July, 2015 by The TZ Newswire Staff Comments Off on Bond Prices Rise As Greek Vote Fuels Flight To Safety
Bond Prices Rise As Greek Vote Fuels Flight To Safety
Bonds from the U.S. to Germany to Australia rose after Greek voters opted against government spending cuts being demanded by creditors, increasing concern the nation will be forced to leave the euro bloc. Benchmark 10-year fell to a two-week low as investors sought the relative safety of governments bonds and European stocks fell after Sunday’s referendum.
6 July, 2015 by The TZ Newswire Staff Comments Off on Crude Suffers Worst Decline In Five Months
Crude Suffers Worst Decline In Five Months
Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia. Futures dropped 7.7% in New York and 6.3% in London. European leaders will hold an emergency summit Tuesday after Greek voters rejected creditors’ bailout terms. China is seeking to restore investor confidence after the Shanghai Composite slumped since mid-June. U.S.
6 July, 2015 by The TZ Newswire Staff Comments Off on Corrections: Thomas Piketty slams Germany for its stance on Greek debt
Corrections: Thomas Piketty slams Germany for its stance on Greek debt
Noted economist Thomas Piketty slammed Germany for refusing to consider debt relief for Greece, noting that postwar Germany benefited greatly from that very thing.