XLK May 2024 150.000 put
| Previous Close | 0.3800 |
| Open | 0.4900 |
| Bid | 0.0000 |
| Ask | 4.8000 |
| Strike | 150.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 0.3800 - 0.3800 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 10 |
- Yahoo Finance Video
Why energy plays are for long-term investors
The energy sector (XLK) has continued to outperform throughout 2024. Alpine Saxon Woods Chief Market Strategist Sarah Hunt and CFRA Energy Equity Analyst and Deputy Research Director Stewart Glickman join Market Domination to share insight on navigating this sector. Glickman emphasizes that investors looking to capitalize on the energy sector should first consider their outlook for crude oil prices. He believes that with crude oil prices are expected to average between $80 and $90 per barrel in 2024: "In that kind of environment, you want to be positioned in upstream," the analyst tells Yahoo Finance. He recommends exploring names like Exxon (XOM), citing "a lot of growth potential." With an uptick in mergers and acquisitions (M&A) activity throughout the sector, Glickman notes that the "common theme" is exposure to the Permian Basin, a trend he believes is "likely to persist." Hunt acknowledges that supply and demand issues have been a headwind for the sector since the pandemic. However, with an "energy transition underway" she remains bullish on energy "from a longer-term perspective." She also highlights the significant consolidation within the sector, with companies combining forces to boost operations and enhance their competitive edge. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
How big will tech earnings be for markets? Top Takeaways
Do the markets bow to Big Tech or are tech leaders influenced by broader market trends? Big Tech weighs heavily on the stock market (^DJI, ^IXIC, ^GSPC) this earnings season after the run-ups — and eventual declines — in stocks comprising the Magnificent Seven. Yahoo Finance's Head of News Myles Udland and Markets Reporter Josh Schafer join Market Domination Overtime to talk about earnings forecasts for dominant tech companies like Nvidia (NVDA) and where the biggest catalysts lie this earnings season. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Maybe it's time to move away from tech, Mag. 7: Strategist
Several names in the Magnificent Seven are gearing up to release their first-quarter earnings, with much of Wall Street waiting with bated breath as these tech giants hold much of the value of the S&P 500 (^GSPC). Despite seeing historic gains with these names, some on Wall Street grow concerned over future performance, causing hesitation for further investment in the tech sector. Ladenburg Asset Management CEO and Osaic Chief Market Strategist Phil Blancato joins Market Domination to give insight into the upcoming week of tech earnings and what investors need to keep in mind when buying into the sector. Blancato gives advice as to how to proceed during times of uncertainty: "If you have money there and you haven't taken any profits especially with a bounce like this, I do have a CAPE [ratio] moving some of that money away in the traditionally more defensive sectors... I want to see it earn a dividend. I think the energy sector is really underpriced, the financials have really come back and are quite strong and have hung in there real well." He continues: "The other parts of the market that have better valuations are going to get you through the next two quarters. The next two quarters are difficult because we are seeing a gradual slowdown in the labor market, for example, you look at the number of open jobs versus the number of people looking, that number's continuing to narrow." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
