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].
Q4 2013 Earnings Scorecard: Commodity Stock Hits and Misses
2013′s fourth quarter earnings season saw companies across all sectors reporting both hits and misses. Alcoa set the tone for the commodity space, reporting a fourth quarter net loss of $2.3 billion and missed analysts’ EPS estimates. While other commodity stocks also managed to post better-than-expected results, some showed signs of weakness from 2013′s commodity slump. Overall, most companies managed to post better-than-expected earnings during the fourth quarter as compared to the third [for more commodity news and analysis subscribe to our free newsletter].
Commodity Earnings This Week: Big Oil Under the Microscope
As earnings season gets into full swing, Wall Street’s attention will be fixated on the results of the most recent quarter. This week sees big oil step up to the plate, with some of the biggest names in the industry reporting on how they fared over the past three months. Below, we preview some of the most significant commodity earnings from the week ahead, helping investors prepare for what will ultimately be an active five day stretch for markets:
The Hidden Cause of Rising Gas Prices
By now, you have probably noticed that prices at the pump have been anything but kind. Gasoline prices have been steadily rising in the U.S. as the summer months continue to heat up. While it is true that gasoline prices are typically higher during the warmer months as demand also rises, the current spike is also due to some behind the scenes issues that many consumers may not be aware of [for more gasoline news and analysis subscribe to our free newsletter].
Commodity Stocks Ripe For Bargain Shoppers: APC, VLO
Equity markets are slowly and surely finding their footing following the pullback seen in early June after Fed stimulus fears resurfaced. The continuation of upbeat economic data releases has made it hard to stay on the sidelines, although an improving outlook for the U.S. recovery is making some investors worried that the Fed’s “exit plans” could rattle confidence and spark a massive amount of profit-taking [for more commodity futures news and analysis subscribe to our free newsletter]. With more upside on the horizon, at least until the next Fed policy meeting in June, bargain shoppers remain on the prowl for attractive opportunities. As such, below we take a look at two big commodity stocks that are trending higher, highlighting two “buy on the dip” opportunities.
A Deeper Look At Canada’s Commodity Industry
Commodity traders think about the United States for natural gas, Saudi Arabia and other Middle Eastern nations for oil, Africa for gold, and Asia for foods such as rice. In doing so, they sometimes ignore commodity-rich Canada [for more commodity news and analysis subscribe to our free newsletter].
