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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.



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Seeking Alpha

Thursday, April 21, 2016

A Warning to Stock Investors (Part I)

warning
I know it doesn’t feel right, with the Dow breaking through 18,000 this week and oil prices stalwartly holding, but I think it would be wise to tread cautiously here. Stocks have a variety of factors in play, some more important than others. With this report, I want to discuss one important fundamental support that I believe is cracking. Oil price conviction could be tested near-term. The failure of petroleum producers to coordinate a production freeze threatens to morph into a greater battle for market share that includes increased production. Also, I expect the European economy to deteriorate due to extraordinary costs upon it now, and that to pressure oil prices as well. If the support of stable to rising oil prices is removed from under stocks, old concerns about lender risk and economic impact should come back into U.S. investor focus. History has shown us that such a focus is not good for stocks. See the full story at A Stark Warning to Stock Investors (Part I).

Security Sector
04-20-16
SPDR S&P 500 (NYSE: SPY)
+0.1%
SPDR Dow Jones (NYSE: DIA)
+0.2%
PowerShares QQQ (Nasdaq: QQQ)
+0.1%
iShares Russell 2000 (NYSE: IWM)
+0.2%
Vanguard Total Stock Market (NYSE: VTI)
+0.1%
Financial Select Sector SPDR (NYSE: XLF)
+0.8%
Technology Select Sector SPDR (Nasdaq: XLK)
+0.2%
Energy Select Sector SPDR (NYSE: XLE)
+0.9%
Health Care Select Sector SPDR (NYSE: XLV)
+0.5%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)
+0.1%
Consumer Staples Select Sector SPDR (NYSE: XLP)
-1.4%
Utilities Select Sector SPDR (NYSE: XLU)
-2.5%
Materials Select Sector SPDR (NYSE: XLB)
-0.3%
Industrial Select Sector SPDR (NYSE: XLI)
-0.2%
iPath S&P 500 VIX ST Futures (NYSE: VXX)
+0.5%
SPDR Gold Trust (NYSE: GLD)
-0.5%
United States Oil (NYSE: USO)
+3.1%

DISCLOSURE: Kaminis is short USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

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Oil Gains are Ignorant – Saudi Arabia Means Business

oil prices
Oil prices are rising in ignorance. Ignoring recent statements and the actions of Saudi Arabia is probably foolish. I believe Saudi Arabia means business with regard to its defense of market share and its interest in limiting the progression of its rival to the north, Iran. As a result, recent market enthusiasm about the possibility of a supply curb via a production freeze could quickly be replaced by fear of the impact of a production increase from Saudi Arabia and others. Oil prices should correct on that eventual announcement and on other actions by Saudi Arabia as it defends market share and its place in the Middle East. See the full story via my report Oil Ignorance - Saudi Arabia Means Business.

Energy Relative Shares
04-19-16 12:25 PM EDT
SPDR S&P 500 (NYSE: SPY)
-0.1%
United States Oil (NYSE: USO)
+2.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)
+3.4%
United States Natural Gas (NYSE: UNG)
+4.9%
Energy Select Sector SPDR (NYSE: XLE)
+1.5%
SPDR S&P Oil & Gas E&P (NYSE: XOP)
+2.1%
Market Vectors Oil Services (NYSE: OIH)
+3.3%
Exxon Mobil (NYSE: XOM)
+0.4%
Chevron (NYSE: CVX)
+1.2%
B.P. (NYSE: BP)
+1.9%
TOTAL S.A. (NYSE: TOT)
+2.0%
ConocoPhillips (NYSE: COP)
+2.5%
Phillips 66 (NYSE: PSX)
-0.0%
Occidental Petroleum (NYSE: OXY)
+1.5%
Schlumberger (NYSE: SLB)
+1.6%
Weatherford Int’l (NYSE: WFT)
-0.6%
Halliburton (NYSE: HAL)
+2.0%

Disclosure: Kaminis is short USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

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Monday, April 18, 2016

Oil Prices - Doha Disaster Means the Ruse is Up

government ignorance
Expect oil prices to take a big hit Monday, as the highly anticipated oil producers’ meeting in Doha fell short of the high hopes priced into oil for it. Energy ministers disbanded Sunday without a formal production freeze in place, as Saudi Arabia and Iran jostled for their national interests and market share. Crude prices started to express trepidation heading into Sunday’s highly anticipated oil producers’ meeting in Doha, Qatar. Various rumblings and rumors raised doubt about the meeting’s hopeful prospect of a formal oil freeze agreement. The worst case scenario played out and oil prices are likely to fall further as a result. See the full story at Doha Disaster - The Oil Ruse is Up.

Energy Relative Shares
April 15, 2016
SPDR S&P 500 (NYSE: SPY)
-0.1%
United States Oil (NYSE: USO)
-2.2%
iPath S&P GSCI Crude Oil (NYSE: OIL)
-2.7%
United States Natural Gas (NYSE: UNG)
-2.8%
Energy Select Sector SPDR (NYSE: XLE)
-1.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)
-1.8%
Market Vectors Oil Services (NYSE: OIH)
-0.9%
Exxon Mobil (NYSE: XOM)
-0.5%
Chevron (NYSE: CVX)
-0.8%
B.P. (NYSE: BP)
-0.9%
TOTAL S.A. (NYSE: TOT)
-1.2%
ConocoPhillips (NYSE: COP)
-1.2%
Schlumberger (NYSE: SLB)
-1.2%
Halliburton (NYSE: HAL)
-0.3%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

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Friday, April 15, 2016

Storm Gathering Over Gold

Gambia
Gold prices dropped on Wednesday on a strengthening dollar. The greenback is not gaining yet on the big catalyst I have been looking toward, European economic softening, but rather on better economic news from China. Give Europe a chance though, as the eurozone outlook is seeing important downgrades since I issued my own warning. Eurozone decline plus China recovery would work in the dollar’s favor in a big way, and that works against gold prices. It feels like a perfect storm is gathering over gold. See the full story here at The Perfect Storm Gathering Over Gold.

Precious Metal Securities
April 14 Early Indication
SPDR Gold Trust (NYSE: GLD)
-0.6%
iShares Gold Trust (NYSE: IAU)
-0.8%
iShares Silver Trust (NYSE: SLV)
-0.1%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)
-0.6%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)
+0.9%
Market Vectors Gold Miners (NYSE: GDX)
-0.3%
Market Vectors Junior Gold Miners (NYSE: GDXJ)
-0.4%
Goldcorp (NYSE: GG)
-0.5%
Newmont Mining (NYSE: NEM)
-0.7%
Randgold Resources (Nasdaq: GOLD)
-0.9%
Barrick Resources (NYSE: ABX)
-0.9%
Yamana Gold (NYSE: AUY)
-1.0%
Gold Fields Ltd. (NYSE: GFI)
+0.2%
Silver Wheaton (NYSE: SLW)
-0.6%
Coeur Mining (NYSE: CDE)
-0.8%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).

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Wednesday, April 13, 2016

Oil Prices are in Pig Heaven

pigs get slaughtered
The nascent oil price surge was initiated by last week’s surprise U.S. inventory draw. However, Tuesday evening, fresh data from the American Petroleum Institute (API) instead gave cause for concern. It portends trouble from the Energy Information Administration (EIA) data Wednesday, and probably some recall of capital from energy complex securities. Manic media that led frivolous hopes for meaningful result from the meeting of OPEC plus Russia in Doha is today reporting negatively about the potential. Oil prices are likely to sour now as its curious catalysts corrode. See the full story at Oil Sours as its Curious Catalysts Corrode.

Energy Relative Shares
April 13, 2016 Early Indication
SPDR S&P 500 (NYSE: SPY)
+0.5%
United States Oil (NYSE: USO)
-0.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)
-1.3%
United States Natural Gas (NYSE: UNG)
-0.4%
Energy Select Sector SPDR (NYSE: XLE)
-0.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)
-1.1%
Market Vectors Oil Services (NYSE: OIH)
-0.5%
Exxon Mobil (NYSE: XOM)
-0.2%
Chevron (NYSE: CVX)
-0.1%
B.P. (NYSE: BP)
+1.3%
TOTAL S.A. (NYSE: TOT)
+1.3%
ConocoPhillips (NYSE: COP)
-1.0%
Schlumberger (NYSE: SLB)
-0.5%
Halliburton (NYSE: HAL)
+0.4%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).

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