Financial and energy stocks rally as crude oil soars

Tue, Jul 25, 2017, 11:40 AM

Stocks are mixed at the midday mark, with the Dow Industrials (^DJI, DIA) and S&P 500 (^GSPC, SPY) rallying, and the Nasdaq (^IXIC, QQQ) struggling at the flat line. The financial (XLF) and energy (XLE) sectors are leading the way up, while the health care (XLV) sector is the most in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman, Justine Underhill and Yahoo Finance tech critic David Pogue.

Today on Midday Movers, we talk about:

Stanford study says Obamacare did not kill jobs
Earnings picture for tech, industrials and cyclicals
Bullish signs for crude oil?
Zume Pizza is made by robots, cooked in delivery trucks
The Chipotle corporate sabotage theory
Toyota is developing long-range, fast-charging electric cars: report
Money can buy happiness after all

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
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Fortune
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
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This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now
This industry-leading company is out of favor and worth buying now.
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Warren Buffett Bought $9.2 Billion of This Stock Last Year, and He Could Buy Even More in 2024
One of Buffett's favorite stocks of all time topped his list of buys in 2023.
Motley Fool
U.S. Money Supply Is Doing Something So Rare That It Hasn't Happened Since the Great Depression -- and a Big Move in Stocks May Follow
M2 money supply hasn't done this in nine decades.
Motley Fool
Dow Jones Futures Rise; Palantir, AI Plays On Tap After Stock Market, Nvidia Make Bullish Moves
The market rally made a bullish move, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
Investor's Business Daily
Can a Nursing Home Take Our Savings? We Have a $500k Roth IRA and a Trust to Protect Us.
Can a nursing home seize your savings? What if your money is in a trust or a Roth IRA? For married and single retirees alike, these are important questions with nuanced answers. First for the good news: A nursing home cannot simply take your retirement accounts or savings. Short of legal action due to an […] The post Can a Nursing Home Take Our Assets? We Have a $500k IRA and a Trust to Protect Us appeared first on SmartReads by SmartAsset.
SmartAsset
Berkshire shareholders reject climate, diversity, China proposals
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire's annual meeting voted against two proposals that the company's insurance and energy operations disclose more about their efforts to address climate change including greenhouse gas emissions. They also turned down a proposal for more disclosure about efforts to promote diversity, equity and inclusion in the workplace.
Reuters
3 Super-Safe Dividend Stocks That Have Been Making Recurring Payments for 130+ Years
These stocks have rock-solid businesses and they have impressive track records for paying dividends.
Motley Fool
Move Over, Nvidia: Billionaire Dan Loeb Is Betting on This Dividend-Paying Magnificent Seven Stock to Win the Artificial Intelligence (AI) Race Instead
Dan Loeb bet on one of the cheaper Magnificent Seven stocks as an underrated AI play.
Motley Fool

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Financial and energy stocks rally as crude oil soars

Today on Midday Movers, we talk about:

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