2 Commodity Stocks to Sell on the Next Pop: FBR, TCK
The bulls are still in the driver’s at home as evidenced by the S&P 500′s continued ascent into all-time highs territory. The latest rate cuts unveiled by the European Central Bank at the start of June helped to re-inspire confidence surrounding the anemic recovery taking place in the currency bloc; bullish sentiment was further fueled on 6/19 after the Federal Reserve maintained its own accommodative stance [for more commodity futures news and analysis subscribe to our free newsletter].
Fossil Fuels in Focus as Hurricane Season Begins
U.S. hurricane season kicked off over the weekend, as the time period between June 1st and November 30th of each year brings special attention to these storms. Aside from the devastation they can bring to the areas they hit, these storms can also have a big impact on the commodity world (albeit short-term). Few commodities feel the brunt of the blow more than fossil fuels [for more commodity news and analysis subscribe to our free newsletter].
2 Commodity Stocks to Buy on the Dip: CVX, VLO
Major equity indexes climbed higher last week week and kicked this week off on strong footing thanks to upbeat new home sales data and a lack of “bad surprises” from the latest FOMC minutes release. Overseas, tensions between Ukraine and Russia are heating up again following presidential elections as well as a firefight over Donetsk airport [for more commodity futures news and analysis subscribe to our free newsletter].
Commodity Scorecard – May 9th Edition
Markets were tested this week as the Nasdaq suffered several punishing trading sessions. Meanwhile, commodities continued to hold their lead over equities, mostly thanks to coffee futures, which have surged this year. Gold continues to battle with the $1,300/oz. mark and lost its grip on Wednesday. Below, we outline the performance of the commodity industry this past week, helping our readers pick out the leaders and laggards in each sector [for more commodity news and analysis subscribe to our free newsletter]:
2 Commodity Stocks to Buy on the Dip: CCJ, MEOH
Major equity indexes climbed higher this past week thanks to some encouraging economic data releases at home. Investors welcomed a 3.4% improvement in pending home sales over the past month, better-than-expected ADP employment data on Wednesday, and upbeat ISM manufacturing data on Thursday. Overseas, tensions between Ukraine and Russia remain at center stage, and as such, the lack of major developments left the doors open for buyers [for more commodity futures news and analysis subscribe to our free newsletter].