When you consider the fact that the energy sector’s market cap in the S&P 500 is about 10.6%, would anyone argue that the index needs to be re-weighted to reflect the money that is flowing into the energy sector. If you’re not convinced, consider the fact that that the current weighting is below below the thirty year average. Still not …
Energy Stocks Lead Market Higher
Led by Valero and Hess, the energy sector showed significant strength today. Valero Energy has been fueled by gas mileage legislation passed by Congress. Early in the trading day, there was significant action in the Valero calls as call/put ratio exceeded 3:1. Bullish comments from Jim Cramer as well as others did nothing to curb the enthusiasm in the sector. Hess …
OPEC influences BP oil sands deal
Written by Michael Vass When will oil prices break thru the $100 a barrel mark? That is a question that Europe and America are considering now, even as OPEC has decided to hold production levels steady, and the question of an American recession loom on the horizon. Though President Bush has taken action to halt the mortgage crisis, the demand and cost …
What analysts are buying for Christmas
Written by Michael Vass Mortgages are in trouble, and the financial sector is reeling because of it. Enormous discounts, online sales, massive toy recalls and a recent correction place serious questions on the outcome of the 4th quarter. The chance of a Democratic Presidential candidate winning the 2008 election stands high. And whispers of a potential for a recession loom in the background. Investors …