Its a snoozefest.
The S&P 500 is stuck in its narrowest range in nearly half a century and trading volume is plumbing multi-month lows. But by September, investors may be pining for the dog days of summer, with data suggesting that it is historically the worst month for stocks.
Since 1928, the S&P 500 has dropped in September 56% of the time, according to Bank of America Merrill Lynch data. September is likewise dismal for blue chips, with the Dow Jones Industrial Average posting an average loss of 1.1% for the month.
Top 5 Blue Chip Stocks For 2018: California Resources Corporation(CRC)
Advisors’ Opinion:
- [By Matthew DiLallo]
That sell-off in the oil market weighed on financially challenged oil stocks, which will struggle if crude continues dropping. Among the biggest losers were Abraxas Petroleum (NASDAQ:AXAS), Whiting Petroleum (NYSE:WLL), Denbury Resources (NYSE:DNR), California Resources (NYSE:CRC), and Cobalt International Energy (NYSE:CIE).
- [By Lisa Levin]
On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Denbury Resources Inc. (NYSE: DNR) and California Resources Corp (NYSE: CRC).
- [By Andrew Efimoff]
WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:
California Resources Corporation (NYSE: CRC): -19.22%
Dynamic Materials (NASDAQ: BOOM): -12.39%
Clayton Williams Energy (NYSE: CWEI): -11.45%
Dynergy (NYSE: DYN): -11.91%
EP Energy Corporation (NYSE: EPE): -11.20%
Mexco Energy (NYSE: MXC) -10.90%
Whiting Petroleum (NYSE: WLL) -10.79%
Southwestern Energy Company (NYSE: SWN) -10.79%
SM Energy Company (NYSE: SM) -10.38%
Real Goods Solar (NASDAQ: RGSE) -10.34%
Posted-In: Commodities After-Hours Center Markets Movers
Top 5 Blue Chip Stocks For 2018: Etsy, Inc.(ETSY)
Advisors’ Opinion:
- [By Brian Withers]
If investors want to tap into the growing trend of e-commerce and diversify their portfolio beyond Amazon, Shopify (NYSE:SHOP) and Etsy (NASDAQ:ETSY) make the shortlist. Shopify is more a pick-and-shovelplay, as the company hasbuilt a powerful back office platform that essentially enables entrepreneursto run an e-commerce business from their phone. Etsy is a pure play marketplace that focuses on serving the creative entrepreneur. These two companies had similar revenue in 2016, were both started in almost the same year (Etsy 2005, Shopify 2006), and are in the business of helping product-selling entrepreneurs connect to buyers online. Let’s take a deeper dive into these two companies and see which is the better buy.
- [By Jeremy Bowman]
Shares of craft-focused internet marketplaceEtsy(NASDAQ:ETSY)stumbled last month, falling 12% according to data from S&P Global Market Intelligenceafter a disappointing fourth-quarter report.
- [By Jim Swanson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Monday’s regular session.
Top 5 Blue Chip Stocks For 2018: Power Solutions International, Inc.(PSIX)
Advisors’ Opinion:
- [By Brent Slava]
Power Solutions International Inc (NASDAQ: PSIX) shares plunged as much as 30 percent Tuesday on a report the company would be delisting from Nasdaq Inc (NASDAQ: NDAQ).
Top 5 Blue Chip Stocks For 2018: Petroleum Resources Corporation(PEO)
Advisors’ Opinion:
- [By Lisa Levin]
In trading on Wednesday, financial shares fell 0.13 percent. Meanwhile, top losers in the sector included Adams Natural Resources Fund Inc (NYSE: PEO), down 4 percent, and Old Point Financial Corporation (NASDAQ: OPOF) down 3 percent.
Top 5 Blue Chip Stocks For 2018: Ford Motor Company(F)
Advisors’ Opinion:
- [By William Patalon III]
The flip side to the love investors feel for Tesla Inc. (Nasdaq: TSLA) is the distaste they have for Ford Motor Co. (NYSE: F).
I wish I could take credit for that line, but the kudos actually belong to Barron’s, which made a wonderful investment case for the “Blue Oval” in its issue this past weekend.
- [By Kumar Abhishek]
BlackBerry also reported a record gross margin on both Non-GAAP and GAAP basis. The Non-GAAP gross margin came in at 70%, up from63% in the previous quarter. For the twelfth consecutive quarter, the company reported an adjusted positive EBITDA of $37 million. The company also expects to see 30% YoY growth in software revenue for the full year. The company also signed multiple agreements with various companies including Ford (NYSE:F).
- [By Kumar Abhishek]
On the other hand, the manufacturer of luxury electric cars Tesla Inc (NASDAQ:TSLA) continued to surprise its skeptics. Tesla delivered a record 25,000 vehicles in the first quarter, good for 69% YoY growth, which was better than analysts’ estimates (a not so frequent event for Tesla). And as expected Tesla stock rallied on this news, breaking out above the $300 mark for the first time. Tesla Inc stock has been on a bull run for some time now with surprisingly cordial relations with the current administration, positive news on its Gigafactory and Model 3 acting as catalysts.Tesla Inc stock has rallied more than 66% since the beginningof December last year. In comparison, theNasdaq Composite (INDX:COMPX) has delivered 10% return, while Ford (NYSE:F) stock has declined by almost 10% in the same period.
- [By Peter Graham]
A long term performance chart shows Tesla Motors andsmall cap Chinese EV stock Kandi Technologies Group Inc (NASDAQ: KNDI) being volatile outperformers (with the latter now underperforming) whileshares of more traditionalautomakers like Toyota Motor Corp (NYSE: TM) and Ford Motor Company (NYSE: F) (who have EV initiatives) arent doing much for investors:
