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3 factors affecting the price of oil in 2019

oil pump
From Frank Holmes:

1.Goodbye, Iran Oil Import Waivers. Hello, Higher Energy Prices?

NYSE:USO April 30, 2019 2:53pm

Investor Paul Meeks says technology rally has gone too far, too fast

technology stocks
From Stephanie Landsman:
NASDAQ:QQQ April 30, 2019 2:50pm

Google earnings drag the Nasdaq lower

stock photo chart
From Sunny Oh: U.S. stock-market benchmarks were mostly lower at the opening bell on Tuesday after Google's results weighed on the S&P 500 and Nasdaq, even as solid earnings from MacDonald's lifted the blue-chip Dow. The S&P 500 SPX, -0.15% .. The Dow Jones Industrial Average DJIA, -0.03% .. The Nasdaq Composite COMP, -0.84% ... Investors kept a steady eye on the busy earnings week, while gearing up for the Federal Reserve's two-day meeting on Wednesday. In economic data, China's factory activity showed Beijing's stimulus had yet to work itself into the manufacturing sector, and a solid eurozone first-quarter GDP number staved off fears of a broad-based recession across the 19-member currency bloc. Both a component of the Nasdaq and the S&P, shares of Google parent Alphabet Inc.GOOGL, -8.25% retreated 8.2% after revenue growth slowed in the first quarter. McDonald's Corp MCD, +0.60% rose 1.1% after same-store sales growth for the fast-food firm came in better than expected.
NASDAQ:QQQ April 30, 2019 1:30pm

Gold prices edge higher on weak Chinese data

gold bars
From Reuters : Gold prices edged up on Tuesday as disappointing Chinese factory activity data brought back concerns about the health of the global economy, denting risk appetite.
NYSE:GLD April 30, 2019 1:23pm

Oil prices edge higher on Saudi Arabia’s support for OPEC cuts

oil increase and decrease stock photo
From Reuters : Oil prices rose on Tuesday as Venezuela's opposition leader called on the military to back him to end Nicolas Maduro's rule and after Saudi Arabia said a deal between producers to withhold output could be extended beyond June to cover all of 2019.
NYSE:USO April 30, 2019 1:17pm

The U.S. dollar jumps 1.3% in just 2 weeks, will stocks be affected?

From Chris Matthews: The U.S. dollar has jumped 1.3% over the past two weeks, making it more expensive than at any point since mid-2017, and U.S. stock investors are taking notice.
NYSE:UUP April 29, 2019 5:32pm

Morgan Stanley analyst issues a “mea culpa” after the S&P 500 rallies 17% in 2019

From Lu Wang:

(Bloomberg) -- Morgan Stanley’s Mike Wilson acknowledges he made the wrong call on the U.S. equity market this year. But that hasn’t dissuaded him from holding onto one of Wall Street’s most bearish forecasts.

With the S&P 500 Index at a record high after surging 17 percent this year, the firm’s chief U.S. equity strategist issued a mea culpa Monday, saying he underestimated a rally that’s been driven in large part by the Federal Reserve’s dovish tilt. Rather than revisiting the 2018 trough, as Wilson had predicted in January, stocks have kept marching higher.

It's the second time in seven months that Wilson has owned up to an overly pessimistic prediction. Last September, he said his early call for a correction amounted to the same thing as not being right. A few weeks later, stocks began a sell-off that ultimately took the S&P 500 to the brink of a bear market.

Still, Wilson is sticking by his longer-term outlook for the market. Even though this year's rebound has pushed the S&P 500 about 7 percent above his year-end target of 2,750, fundamentals just don't support the market's current levels, according to his analysis.

"We have to acknowledge our error and decide if the market is telling us something and if we should raise our targets," Wilson wrote. "The short answer is no because valuations are full and we still see downside risk to the consensus earnings estimates over the next 12 months."

At 17 times forecast earnings, the S&P 500 is trading at a multiple that's 14 percent higher than its 10-year average, data compiled by Bloomberg show. While first-quarter earnings have come in better than expected, analysts have continued to lower estimates for coming quarters. The expected rate of growth for the current quarter just turned negative.

While the size of predicted declines is small, any deterioration would raise the odds for an earnings recession, a scenario that Wilson predicts for this year. Despite the unfavorable profit backdrop, speculation that the Federal Reserve would lower interest rates and optimism that a China-U.S. trade agreement will be reached have continued to lift the market.

The S&P 500 could rise to 3,000, about 2 percent above its current level, on the announcement of a trade deal, but that should be seen as a sell signal, according to the strategist. Despite growing talk about a market melt-up, investors shouldn't chase the rally, he said.

Morgan Stanley defines a market melt-up as a period when the S&P 500's price-to-earnings ratio moves to high levels versus its recent past very quickly. The firm identified six instances over the past three decades that fit the criteria and found they shared something in common: they're either accompanied by monetary or fiscal stimulus.

While the Fed has tilted more market friendly, Wilson suggested the current environment lacks other elements that would embolden a melt-up, such as a weaker dollar, better growth outlook and a potential uptick in consumer confidence. In particular, companies such as Amazon.com Inc. and Facebook Inc. have cut capital spending while small-caps and cyclical shares have trailed the market, all evidence pointing to subdued growth prospects.

"The positive spin is that maybe last week's spike is like the spike in early January 2018 and we still have another spike to look forward to as people decide they have to pile in," Wilson wrote. "Use at your own peril, but our advice is to not bet on it at this stage because the fundamental conditions are different from past periods that exhibited such exuberance."


The SPDR S&P 500 ETF Trust (SPY) fell $0.26 (-0.09%) in after-hours trading Monday. Year-to-date, SPY has gained 10.56%. SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 154 ETFs in the Large Cap Blend ETFs category.
This article is brought to you courtesy of Yahoo! Finance .
NYSE:SPY April 29, 2019 5:23pm

The S&P 500 and Nasdaq finish at record highs

2019 Stocks increase
From MarketWatch: Stocks ended with small gains Monday, as the S&P 500 and Nasdaq Composite moved further into record territory at the start of a week that features a meeting of Federal Reserve policymakers and a busy economic calendar, as well as a continued deluge of corporate earnings. The S&P 500 SPX, +0.11% rose around 3 points, or 0.1%, to close near 2,943, according to preliminary figures, while the Nasdaq COMP, +0.19% gained around 15 points, or 0.2%, to end near 8,162. The finish marked a second consecutive record close for both indexes. The Dow Jones Industrial Average DJIA, +0.04% gained around 11 points to end near 26,554.
NASDAQ:QQQ April 29, 2019 5:20pm

U.S. airlines hit with systemwide ticketing outage

american delta united airlines planes
From Emma Newburger:
NYSE:JETS April 29, 2019 5:16pm

Oil prices edge higher amidst uncertainty surrounding OPEC’s next move

From Myra P. Saefong and Barbara Kollmeyer : Crude-oil futures ended on a mixed note Monday, with U.S. prices managing to recoup a small portion of last week's loss, but global benchmark prices failing to hold on to modest gains.
NYSE:USO April 29, 2019 5:14pm

The financial sector is the best performer in April

stock ticker board
From Lizzy Gurdus: The banks are back.
NYSE:XLF April 29, 2019 5:13pm

Marijuana stocks rise after Aleafia falls after reporting earnings

marijuana leaf
From Ciara Linnane : Cannabis stocks were mixed on Monday, with Aleafia Health losing ground after reporting earnings for 2018 and Organigram gaining on the news it has applied for a listing on Nasdaq.
NYSE:MJ April 29, 2019 3:10pm

Jim Paulsen says the S&P 500 could rise another 15%

From Matthew J. Belvedere: Wall Street veteran Jim Paulsen believes stocks could continue to surge well past their recent recovery to the all-time highs that were last seen before the late-2018 market collapse.
NYSE:SPY April 29, 2019 2:59pm

Gold prices slide, traders take profits after 3-day run-up

gold bar closeup
From Reuters: Gold fell on Monday as equities gained after data showed U.S. consumer spending increased by the most in more than 9-1/2 years last month, with the markets awaiting the U.S. Federal Reserve's meeting for guidance on interest rates.
NYSE:GLD April 29, 2019 2:52pm

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