Winning Stock Plays

Russia is imposing steep discounts on its crude, undercutting Saudi Arabia’s oil prices, Bloomberg reports.  Russian barrels were cheaper than Saudi Arabia’s from April through June. The discounted oil is heading to China and India as other countries shun Moscow. Loading Something is loading. Russia is slashing prices on its crude, undercutting the price of… Continue reading Russia is competing with Saudi Arabia by selling discounted oil as Putin’s cheap crude flows to India

European natural gas remains on track for a third consecutive weekly jump. Concerns remain about Russia’s gas supplies and whether Moscow will choose to slash flows to Europe further. In the last year, prices have surged 372% for the key fuel.  Loading Something is loading. European natural gas prices are heading for the third consecutive… Continue reading European gas is on track for a 3rd consecutive weekly gain as Russia threatens to further taper supplies

The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden’s agenda. Stock buybacks have supported the market in recent years, with companies spending huge amounts on their own shares. Analysts said the tax could be a new headwind, but said companies would likely increase spending… Continue reading The Democrats have taken aim at the stock market’s safety net by taxing buybacks – potentially creating another headwind for investors

Expect steep drops in oil prices as demand for gasoline falls and supply rises, a Citi strategist said.  “The market is no longer expecting tightness ahead,” Ed Morse told CNBC.  A busy hurricane season however is a major risk to markets and could lift prices back up.   Loading Something is loading. Crude oil dropped below… Continue reading As crude drops below $90 a barrel, investors should bet on a steep drop in the oil price, Citi strategist says

Michael Burry warned that market ‘silliness is back’ in a recent tweet. The ‘Big Short’ investor compared the current situation to the stock market crashes of 1929 and 2008. “Familiar COVID-era silliness is not dead yet,” Burry said. Loading Something is loading. Markets are starting to behave irrationally again, according to Michael Burry. The investor… Continue reading ‘Big Short’ investor Michael Burry warns that ‘silliness is back’ in markets despite the recent rebound