Forget Tech Stocks. If Oil Goes to $100 These Energy Plays Are Unstoppable
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Quick Read
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iShares US Oil & Gas Exploration & Production ETF (IEO) up 25.95% year-to-date. EOG Resources (EOG) up 22.9%. Devon Energy (DVN) merging with Coterra, target $49.37.
» Read more about: Forget Tech Stocks. If Oil Goes to $100 These Energy Plays Are Unstoppable »
Read MoreThink You're Ready to Claim Social Security? 3 Rules to Review First
Key Points
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It’s important to understand how Social Security calculates benefits.
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Know how your filing age affects your monthly checks.
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Read up on what happens when you work while receiving benefits.
Claiming Social Security is probably one of the biggest financial decisions you’ll make in the context of retirement.
» Read more about: Think You're Ready to Claim Social Security? 3 Rules to Review First »
Read MoreStock market today: Dow plummets, S&P 500 and Nasdaq fall as oil surges to highest levels since 2024
Data released by the Labor Department showed that 213,000 people filed initial jobless claims in the week ended Feb. 28.
The count of claims, steady from the previous week’s revised level, was below economist expectations of 215,000 initial claims. The labor market signal comes ahead of Friday’s critical February jobs report.
Read MoreRising Oil Prices Pressure US Stocks as Bernstein Warns on Energy Equity Risks
Bernstein analyst Bob Brackett said oil equities have gained this year for three main reasons: their sensitivity to oil prices, investor rotation into the sector, and geopolitical risk premiums. He also said those same forces can reverse and push the sector lower.
The first risk is demand destruction.
» Read more about: Rising Oil Prices Pressure US Stocks as Bernstein Warns on Energy Equity Risks »
Read MoreWarren Buffett's 16 Life Hacks That Anyone at Any Income Level Can Use
You don’t get to be one of the richest people in the world without knowing something the rest of us don’t. Often referred to as the “Oracle of Omaha,” Warren Buffett has a net worth of $147 billion, according to Forbes.
Also Read: 11 Key Reasons Budgeting Is Important
Try This: Start Growing Your Net Worth With Smarter Tracking
While Buffett is unquestionably a genius when it comes to business,
» Read more about: Warren Buffett's 16 Life Hacks That Anyone at Any Income Level Can Use »
Read MoreThe Burst
1 Hot Stock Passes Super Stringent Screen
In the research rooms of investment management firms, returns on invested capital are keenly focused on. Buffett often speaks of this metric as a proxy for what return to expect over the long haul.
So, I decided to run a screen to find stocks with ROIC percentages north of 15%. That’s a high hurdle all by itself that most companies will fail to meet.
» Read more about: 1 Hot Stock Passes Super Stringent Screen »
Read MoreThe Ivy
Why On Earth Is Soros Buying Radio Stations?
Earlier this year, billionaire investor and political donor George Soros drew a great deal of attention for suddenly acquiring about 200 radio stations in 40 national market from Audacy, a legacy broadcasting network.
Unsurprisingly, Soros faced both regulatory hurdles and political backlash for buying up so many broadcast stations at once.
Why is George Soros buying radio stations,
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Read MoreThe Spotlight
Tootsie Roll Highlights Crazy Market
The current S&P 500 bear market was officially announced on June 13, 2022 and it doesn’t seem as if the bear market is over yet. A sustained recovery will likely commence only once interest rates peak, and further rises are no longer expected. In spite of the general market malaise, some stocks are bucking the trend when it comes to valuation metrics.