Barclays on Tuesday upgraded shares of Exxon Mobil to overweight, saying the oil major’s stock price appears to have bottomed and it now looks attractive compared with its peers and the broader market’s payout to shareholders. The bank maintained its $94 price target on Exxon’s stock, compared with an average target price of $85.94, according […]

The “Fast Money” traders shared their first moves for the early hours of the trading day. Tim Seymour was a buyer of the iShares MSCI Malaysia ETF. Karen Finerman was a buyer of the iShares MSCI Emerging Markets ETF. Dan Nathan was a buyer of Intel. Guy Adami was a buyer of America Express. Trader […]

Oil prices could soon fall below $40 a barrel if investors don’t get a clear catalyst that prompts them to start buying the commodity, Goldman Sachs said on Tuesday. The investment bank believes oil prices will not rally until traders see at least one of two things: further intervention from OPEC or a consistent drop […]

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are down after Monday’s mixed close. OIL/ENERGY -U.S. crude prices are down 1 percent and back to the $43 a barrel level after Monday’s rally. TERROR/DEFENSE -South Korea’s intelligence agency says North Korea still cannot make […]

Check out which companies are making headlines before the bell: PepsiCo – The snack and beverage giant reported adjusted quarterly profit of $1.50 per share, 10 cents a share above estimates. Revenue also topped forecasts, and PepsiCo raised its full-year forecast. Amazon.com – Amazon is in the midst of its annual Prime Day, which began […]

Federated Investors is predicting the stock market is about to give investors a prime buying opportunity, with a beaten-down group leading the way. “We think energy could work here in the back half of the year,” Phil Orlando, the firm’s chief equity strategist, said Monday on CNBC’s “Trading Nation.” “They [oil and gas companies] have […]

Warren Buffett’s Berkshire Hathaway and Paul Singer’s Elliott Management both have eyesfor Oncor, the largest electric utility in Texas, and CEO Bob Shapard has a sound process for deciding who will win in the bidding battle for his bankrupt company. “You start with the current bid. Berkshire Hathaway’s a great fit for us, and they’d […]

Investors have learned that “it’s different this time” is the most dangerous rationale for buying into a market bubble. It’s easy to believe that the United States’ stock market has been fundamentally changed by the technology of trading itself or by one of the new contraptions that is supposed to make trading easier and investing […]

Get ready, Wall Street. This could be a banner earnings season for the S&P 500, according to data from S&P Capital IQ. The company forecasts second-quarter earnings will grow at least 6.2 percent on a year-over-year basis. The increase will boost S&P 500 operating earnings per share for the trailing 12 months to an all-time […]

When Warren Buffett acts, investors notice. And after he took a roughly $300 million position last month in Home Capital Group, a troubled Canadian mortgage underwriter, some investors saw it as a vote of confidence not only in that company, but also in Canadian stocks over all. Al Rosen takes a different view. A veteran […]