Has anyone seen any news that explains why COP, CVX and XOM are up solidly while USO is down and the indexes are getting killed?
What have I missed??
Regards,
Douglas
Posted 08 February 2016 - 12:09 PM
Has anyone seen any news that explains why COP, CVX and XOM are up solidly while USO is down and the indexes are getting killed?
What have I missed??
Regards,
Douglas
Posted 08 February 2016 - 12:53 PM
Two different animals
USO tracks West Texas Intermediate (WTI) light, sweet crude oil ( WTI Crude Oil (Mar'16) -0.77 (-2.49%) )
https://screener.fid...tml?symbols=USO
The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts forlight, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels that are traded on the NYMEX, ICE Futures Exchange or other U.S. and foreign exchanges.
XOM CVX COP belong to sector of Major Integrated Oil & Gas
Exit DIV
XOM 02/09 $0.73
COP 02/11 $0.25
CVX 02/16 $1.07
Posted 08 February 2016 - 06:38 PM
DIVIDENDS! Those 3 pay juicy dividends.
Posted 09 February 2016 - 03:12 AM
Chasing yield is my suspicion too. With the FED testimony Wednesday and Thursday, maybe there's fear of walking back the rate hikes, or maybe a hint of the new flavour or the month, NIRP. A democratic FED chairman in an election year with a democratic president and facing a bear market might be tempted to take extraordinary measures to help her party and sink the shaft deeper into savers and old farts. I understand that the stock market performance in the election year is one of the better predictors of whether the party in White House will be re-elected. Buying dividend stocks may just be a way of betting that Juice It Janet lives up to her nick name.
Regards,
Douglas
Posted 09 February 2016 - 11:58 AM
I dont think the Fed chair will be partisan and I dont think the Dems will win - no matter who is running.
lots of dividend stocks are down - people like dividend stocks like utes when there is uncertainty and low yield.
Edited by dasein, 09 February 2016 - 11:59 AM.