Goldman Sachs: Hedge funds buy csi commodity equity index stocks at the fastest rate in five months.
According to Wisdom Finance APP, a Goldman Sachs report shows that hedge funds bought commodity-sensitive stocks at the fastest pace in five months until July 5th. Last week, energy stocks such as Chevron (CVX.US), Exxon Mobil (XOM.US), and Shell (SHEL.US) fell due to the impact of tropical storm Beril on the Caribbean region. However, energy and raw material stocks were one of the most heavily bought sectors by Goldman Sachs' institutional brokerage department last week. The department tracks the trading activity of hedge funds. Goldman Sachs stated that oil and gas companies, container and packaging companies, metal and mining companies were attractive.
Fed's Powell, Inflation Data, Earnings Can Cement a September Rate Cut. Here's Why.
Shell's Strong Financials and Strategic Execution Underpin Buy Rating
The four major energy giants will share 40% equity in the Ruwais LNG project owned by ADNOC, and fuel production in the UAE will double and soar.
According to insider sources, ADNOC has decided to distribute 40% of its shares in the Ruwais LNG project to the world's four major energy giants.
Barclays Sticks to Its Buy Rating for Shell (UK) (SHEL)
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Orcadian Energy Reports Delay in Funding From Industry Partner
Orcadian Energy (ORCA.L) reported that it has not yet received the funding it expects from an unnamed industry partner. In a July 5 filing, the oil and gas company said the industry partner is still e
Optimistic prospects for interest rate cuts have led to a general increase in major overseas asset classes such as US stocks, gold, silver, and crude oil. Weekly report on major overseas assets.
After the release of non-farm data for the week of July 1-5, the US stock and bond markets rose and the US dollar came under pressure. Upon realizing the 'data detail' that the data in the first two months before non-farm was cut by 0.11 million, US bonds sharply rebounded and the yield curve became steeper.
Kepler Capital Remains a Buy on Shell (UK) (SHEL)
Unusual Options Activity: BCS, DLTR and Others Attract Market Bets, BCS V/OI Ratio Reaches 69.4
EST Jul 5th Closing Delivery - In the last three hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends
Sector Update: Energy Stocks Decline Late Afternoon
Energy stocks were in the red late Friday afternoon, with the NYSE Energy Sector Index falling 1.2% and the Energy Select Sector SPDR Fund (XLE) dropping 1.8%. The Philadelphia Oil Service Sector inde
Hurricane Beryl Causes Oil Giants to Evacuate Gulf of Mexico Platforms -- Barrons.com
Avi Salzman Hurricane Beryl made landfall on Mexico's Yucatán Peninsula on Friday, and was traveling toward the Gulf of Mexico, with the potential to hit Texas and other parts of Mexico in the next
Shell, BP and TotalEnergies to Take Stakes in Adnoc's Ruwais LNG Plant - Bloomberg
Shell to Take Hit on Plants
Sector Update: Energy
Energy stocks were edging higher premarket Friday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.1%. The United States Oil Fund (USO) was up 1.1% and the United States Natural G
Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S. -- Barrons.com
By Brian Swint President Joe Biden's Inflation Reduction Act (IRA) was designed to kick-start green energy production in the U.S., but one side effect has been that it's hurting production elsewhere.
Exchange-Traded Funds Edge Higher, Equity Futures Mixed Pre-Bell Friday as Investors Await Hints About Potential Rate Cuts
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as investors wait for th
6-K: An Update to the Second Quarter 2024 Outlook
Market Chatter: Shell, BP, Total to Invest in Abu Dhabi Natural Gas Project
Shell (SHEL), BP (BP), TotalEnergies (TTE), and Mitsui will invest in Abu Dhabi National Oil's next liquefied natural gas export project, Bloomberg reported Friday, citing people familiar with the mat
Preview of US stocks | The three equity index futures have mixed movements, and the heavyweight non-farm payrolls will come tonight.
1. Pre-market trading of the three major U.S. stock index futures was mixed on Friday, July 5. As of press time, Dow futures fell 0.03%, S&P 500 index futures fell 0.01%, and Nasdaq futures rose 0.13%. 2. As of press time, the German DAX index rose 0.86%, the UK FTSE 100 index rose 0.10%, the French CAC 40 index rose 0.39%, and the Europe Stoxx 50 index rose 0.51%. 3. As of press time, WTI crude oil fell 0.06% to $83.83 per barrel, while Brent crude oil fell 0.24% to $87.22 per barrel. Market news.