2 Energy Stocks to Buy on the Dip: ETE and MMP
The sharp rebound seen in the second half of October wasn’t enough to keep the bulls at bay during the month of November. Buyers remain in control on Wall Street as evidenced by the continued ascent among major equity benchmarks; the key tailwind here has been supportive central bank policies. Now that the ECB and the People’s Bank of China have joined the Bank of Japan in promoting economic growth through loose monetary policy, investors can rest assured that policymakers are likely to provide additional support as needed [for more commodity futures news and analysis subscribe to our free newsletter].
2 Commodity Stocks to Buy on the Dip: EPD, TRP
The bulls have managed to keep the rebound on Wall Street afloat as major indexes haven’t looking back since the lows seen on October 15th. The surprise stimulus announcement from the Bank of Japan at the end of last month has served as a tailwind for global equity markets, not to mention all the talks about seasonality and the Santa Claus rally already taking root on the home front [for more commodity futures news and analysis subscribe to our free newsletter].
2 Commodity Stocks to Buy on the Dip: CF, YPF
The bears arrived on Wall Street with little warning and dragged the S&P 500 Index down almost 8% in just one month after the benchmark peaked on September 19th before finding a bottom in mid-October. Since 10/15, major equity indexes have rebounded sharply, with the S&P 500 gaining over 3% in just one week, perhaps signaling that the recent round of profit taking might be over as we head into the final stretch of 2014 [for more commodity futures news and analysis subscribe to our free newsletter].
2 Commodity Stocks to Sell on the Next Pop: MT, RIG
The bulls have returned to the driver’s seat at home as evidenced by the S&P 500′s steep rebound following the short-lived pullback that was sparked on the last trading day of July. Easing tensions between Russia and Ukraine and a (temporary) ceasefire in Gaza welcomed back buyers on Wall Street after the S&P 500 managed to sink about 4% in just two weeks [for more commodity futures news and analysis subscribe to our free newsletter].
2 Energy Stocks to Buy on the Dip: NOV, ETE
The bears have finally arrived on Wall Street. Much to the bulls’ frustration, selling pressures have managed to return with full force amid all-time highs for major equity indexes. Growing fears of an earlier-than-expected rate hike on the home front has prompted a market-wide sell off that doesn’t appear to be over just quite yet [for more commodity futures news and analysis subscribe to our free newsletter].
2 Commodity Stocks to Buy on the Dip: POT, EQT
Major equity indexes have continued their seemingly perpetual ascent, although the last few legs higher have been accompanied by an uptick in volatility. The recent choppiness in the market amid all-time highs has yet again prompted countless pundits to forecast that a steep correction is just around the corner [for more commodity futures 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].
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].
2 Commodity Stocks to Sell on the Next Pop: COP, ROSE
Bullish euphoria continues to permeate Wall Street as evidenced by the S&P 500′s seemingly perpetual ascent into previously uncharted territory. Economic data remains mixed however and investors are finding it harder and harder to blame the slowdown on the nasty winter weather, which is why U.S. equity benchmarks have largely traded sideways following the most recent employment report from March 7th [for more commodity futures news and analysis subscribe to our free newsletter].
2 Commodity Stocks to Buy on the Dip: CF, MT
Major equity indexes have managed to claw their way back up to where they were prior to the broad-based correction seen on Wall Street at the end of last month. In fact, the NASDAQ-100 has even managed to post fresh highs, whereas the Dow Jones Industrial Average still has room to run before it hits previous resistance levels. Amid the bullish price action, however, economic data remains suppressed by the harsh weather conditions at home, which have dragged on retail sales as well as the labor market recovery [for more commodity futures news and analysis subscribe to our free newsletter].
