Be in the know. 7 key reads for Tuesday…

  1. JPMorgan (JPM) Tops Q3 EPS by 23c, Offers Outlook (Street Insider)
  2. Fed’s Bullard: Risks remain high and Fed is on a ‘meeting by meeting’ basis (CNBC)
  3. UnitedHealth Stock Is Up After ‘Medicare for All’ Political Risk Fails to Dent Earnings (Barron’s)
  4. Industrial Stocks Look Bad but Some See a Return to Growth by Mid-2020 (Barron’s)
  5. The Biotech Sector Is Lagging. Blame Gene Therapy Stocks, Analysts Say. (Barron’s)
  6. European stocks nudge higher on Barnier’s Brexit optimism (MarketWatch)
  7. Prescription drugs boost drives J&J forecasts higher, shares rise (Reuters)

Be in the know. 8 key reads for Monday…

  1. The S&P 500 Earnings Outlook Is Terrible. It’s Not as Bad as It Looks. (Barron’s)
  2. China September exports, imports in deeper contraction as tariffs take toll (Reuters)
  3. Peak Shale: How U.S. Oil Output Went From Explosive to Sluggish (Yahoo! Finance)
  4. Private-equity deals depress worker wages, study finds (MarketWatch)
  5. ‘If You Ever Do That to Me Again, I’m Going to Kill You.’ (Institutional Investor)
  6. Blackstone Talked With Ken Griffin’s Citadel About Buying Stake (Wall Street Journal)
  7. Apple’s ‘key growth driver’ in 2020 will be a new $399 iPhone, top analyst says CNBC)
  8. Western Digital upgraded to Buy from Hold at Loop Capital (TheFly)

Be in the know. 10 key reads for Sunday…

  1. What The %!&# Is The Repo Market? (NPR Planet Money)
  2. ‘El Camino: A Breaking Bad Movie’ Review: Fan Service Firing on All Cylinders (Rolling Stone)
  3. ECRI Weekly Leading Index Update (Advisor Perspectives)
  4. The Best of Goethe’s Aphorisms (Farnam Street)
  5. Is Amazon Unstoppable? (New Yorker)
  6. How Florida Georgia Line Helped Country Music Reinvigorate Itself (GQ)
  7. Wells Fargo report: A.I. will cut 200,000 American bank jobs over next decade (Big Think)
  8. Why Governments Haven’t Learned The Lessons Of Japan (Podcast) (Bloomberg)
  9. Mini Trade Deal Could Be Huge Catalyst For Oil (Oil Price)
  10. GE and 4 More Favorite Stocks From a Fan of Disruption (Barron’s)

Snake OIL? How Portfolio Managers View Exploration & Production Stocks…

I was doing my normal stock, earnings and sector research over the weekend and I came across this Exploration and Production Sector chart XOP (above).  The 2007-2009 financial crisis was a “once in a generation” collapse similar to 1973-1974 and prior to that the Great Depression.  The implication of this sector trading at 2009 levels today – is that Oil and Gas Exploration and Production stocks are “snake oil” as defined by Dictionary.com as: a product of little real worth or value that is promoted as the solution to a problem. Continue reading “Snake OIL? How Portfolio Managers View Exploration & Production Stocks…”