Headlines & Special Reports

The Non OPEC Meeting is a Non Positive: UCO and SCO

The agreement Opec reached to cut oil production that surprised most of wall street, not us, is predicated on the participation of non Opec producers like Russia and Oman, and on Saturday those non Opec producers will meet in Vienna to attempt to reach an agreement to collectively cut 600,000 additional barrels in conjunction with the cuts negotiated by Opec already.

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Closing the Oil Trade: Baker Hughes Incorporated (NYSE:BHI) and ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO)

At Stock Traders Daily, on Monday we officially recommended that clients take profits from their oil related trades. On Nov. 2, we issued buy recommendations on oil and oil stocks in advance of what we anticipated to be a blockbuster OPEC deal that would spur oil prices from bearish to bullish.

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Valuation analysis for QUALCOMM, Inc. (NASDAQ:QCOM)

Stock Traders Daily has issued a valuation analysis of QUALCOMM, Inc. (NASDAQ:QCOM).

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The Exit Strategy: ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO)

It's time to look for an exit strategy from our recent ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO) position.  Our entry levels were from below $9.05, so the positions are up 21% or more so far, but it is time to look for an exit.  To do that we look at WTI directly, and from that we have developed a plan for exiting the positions.

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OPEC: Updates to Bullish Oil Calls

Stock Traders Daily has updated its buy ratings on Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Schlumberger Limited. (NYSE:SLB), BP plc (ADR) (NYSE:BP), and Baker Hughes Incorporated (NYSE:BHI).  These buy ratings were made on November 2, 2016 in advance of what appeared to soon be a favorable environment for oil companies and oil prices.  Calls were distributed to clients, through Reuters, First Call, and Zacks.

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