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☆ Here are the 12 stocks Jim Cramer is watching, including Netflix, Arm, Planet Fitness
▼ + stars: | 2023-09-18 | by ( Jim Cramer | ) www.cnbc.com time to read: +1 min

Here are some of the tickers on my radar for Monday, Sept. 18 taken directly from my reporter's notebook:Evercore cuts NetflixCiti takes American Airlines Delta Air LinesBernstein starts Arm Holdings (ARM) with an underperform (sell) rating. Arm dropped nearly 4.5% on Friday. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. White House national security adviser Jake Sullivan met with Chinese Foreign Minister Wang Yi in Malta held talks this weekend in Malta. MoffetNathanson downgrades PayPal Mastercard VisaJefferies downgrades Planet FitnessWedbush upgrades CarvanaHomebuilder LennarMizuho bumps up price targtets some oil stocks: Exxon Mobil Valero Energy

Persons: American Airlines Delta Air Lines Bernstein, Jim Cramer's, Jake Sullivan, Wang Yi, Mizuho Organizations: Netflix Citi, American Airlines Delta Air Lines, Arm Holdings, White House, Foreign, PayPal Mastercard, Jefferies, Exxon Mobil Valero Energy Locations: Malta, China

☆ Trivariate Research CEO’s top play is the best-performing sector that 'nobody’s talking about'
▼ + stars: | 2023-09-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Despite energy's outperformance so far this summer, Trivariate Research CEO Adam Parker may still find himself to be a market contrarian when picking the sector as his top bullish play. "Energy is the best-performing sector over the last three months, but nobody's talking about it," he told CNBC's " Squawk on the Street " on Wednesday. "I think demand/supply dynamics look very, very bullish in any longer-term view, so I like that sector a lot." Over the past three months, the energy sector of the S & P 500 has gained about 13.5%. Big performers in the sector include Marathon Petroleum , up nearly 38% in the past three months, and Valero Energy, with a 28% gain during the period.

Persons: energy's, Adam Parker, CNBC's, Brent, Parker Organizations: Trivariate, West Texas, Communication, Marathon Petroleum, Valero Energy

☆ These are Wall Street's favorite energy stocks as oil rallies
▼ + stars: | 2023-09-07 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

For investors looking to play this trend, here are some energy stocks with the greatest long-term upside potential. The sector has added 0.5% this week as oil prices rallied from news of extended voluntary oil supply cuts from Saudi Arabia and Russia until year-end. Oil and natural gas company Diamondback Energy is another name on the list. Natural gas producer EQT , oil and gas giant EOG Resources , as well as petroleum refining and marketing company Valero Energy , are also Wall Street favorites. For investors looking for energy stocks but who do not want to bet on individual names, the Energy Select Sector SPDR Fund (XLE) and the iShares U.S. Energy ETF (IYE) track companies in the sector.

Persons: Russell, Halliburton, Nitin Kumar, EQT, — CNBC's Michael Bloom Organizations: Energy, CNBC, Oil, Resources, Diamondback Energy, Diamondback, Energy Partners, Warwick Capital Partners, Valero Energy, Mizuho Securities, Valero, Energy Investment, U.S . Energy Locations: Saudi Arabia, Russia, Oil and Texas, EQT, U.S, XLE

As August comes to a close, a handful of stocks are on the verge of an upward breakout, according to this chart pattern closely watched by technical analysts. The phenomenon, known as a golden cross pattern, occurs when an asset's 50-day moving average rises above the longer-term 200-day moving average. The pattern is regarded by Wall Street as bullish sign of a potential rally to come. Here are the stocks on the verge of a breakout, according to data from FactSet: Valero Energy is one stock approaching a so-called bullish golden cross. The stock's 50-day and 200-day moving average last hovered around $249.20 and $250.91, respectively.

Persons: Wall, Danaher, Avery Dennison, Fred Imbert Organizations: Valero Energy Locations: Valero

☆ Los Angeles refiners prepare for Hurricane Hilary
▼ + stars: | 2023-08-18 | by ( Erwin Seba | ) www.reuters.com time to read: +2 min

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, at sunset in Carson, California, U.S., March 11, 2022. Phillips 66 (PSX.N) said operations at its 139,000-bpd Los Angeles refinery were unaffected by the storm. Local and state regulators did not report any changes in operations at Los Angeles refineries on Friday and West Coast refined market traders said they did not know of any cut backs in production. The U.S. National Hurricane Center said Hilary is forecast to be at tropical storm strength when it moves east of Los Angeles on Monday. Heavy rain, possible flash flooding and winds at 40 miles per hour (64 kph) or stronger are forecast for Los Angeles on Sunday and Monday.

Persons: Bing Guan, Hurricane Hilary, Hilary, Erwin Seba, Grant McCool Organizations: Phillips, Los, Los Angeles Refinery, Rights, Chevron, Valero, Marathon Petroleum, New York Mercantile Exchange, U.S, National Hurricane Center, Los Angeles, Sunday, U.S ., Gulf, Thomson Locations: Los Angeles, Carson , California, U.S, California, Local, Coast, Los, U.S . West Coast, Asia, Gulf Coast

☆ A former BlackRock stock chief shares 5 stocks and one area of the bond market he likes right now as growing recessionary pressures threaten to spoil the S&P 500's rally
▼ + stars: | 2023-08-16 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Bob Doll thinks a mild recession will hit the US economy sometime in the near-to-mid future. Outside of the stock market, Doll also thinks bonds are relatively attractive compared to last year. Within the bond market, he likes Treasurys most, with 10-year yields offering more than a 4% coupon. A 1.5% 10-year Treasury is a bad deal, and of course bonds have sold off hard," he said. Treasury bonds can be bought via a brokerage or through TreasuryDirect.

Persons: Bob Doll, Bob Doll isn't, Doll, Phillips, refiners Organizations: Conference, BlackRock, Valero, Aaa, Treasury Locations: HMOs, TreasuryDirect

☆ Phillips 66 joins rival refiners with sharp profit drop on lower margins
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. Phillips said realized margins fell to $15.32 per barrel in the second quarter, from $28.62 a year earlier. Despite the fall in margins, fuel demand remains resilient. Phillips 66's crude utilization rate was 93% in the second quarter, higher than 90% a year earlier, while total processed input was unchanged year-over-year at 1.9 million barrels per day (bpd). Phillips 66's second-quarter net income fell to $1.7 billion, or $3.72 per share, from $3.2 billion, or $6.53 per share, in the year-ago quarter.

Persons: Mike Segar, Phillips, Arunima Kumar, Sriraj Organizations: Bayway, REUTERS, Rivals Valero Energy Corp, Marathon Petroleum, Thomson Locations: Phillips, Linden , New Jersey, U.S, Ukraine, Houston, Bengaluru

☆ Marathon Petroleum quarterly profit slumps 63% on lower refining margins
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - U.S. refiner Marathon Petroleum Corp (MPC.N) reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite a resilient fuel demand in the U.S., an increase in global refining capacity compared with last year and slowing economic activity has brought the market down from the peaks seen in 2022. Refining and marketing margin was $22.10 per barrel for the April-June quarter, down from $37.54 per barrel a year earlier. On an adjusted basis, Marathon reported earnings of $5.32 per share, beating average analysts' estimate of $4.59 per share, on the back of improvement in refining costs and lower tax rate. Rival Valero Energy Corp (VLO.N) last week also saw its quarterly profits dwindle as refining margins came under pressure, but beat estimates on strength in its renewable diesel business.

Persons: refiner, Arshreet Singh, Krishna Chandra Organizations: refiner Marathon Petroleum Corp, Refining, Reuters, Rival Valero Energy Corp, Thomson Locations: U.S, Marathon, West Coast, Findlay , Ohio, Bengaluru

HOUSTON/CARACAS, July 7 (Reuters) - Venezuela's opposition is crafting a proposal for the country to redirect about 200,000 barrels per day of its oil exports to a trustee to pay creditors with claims on the nation's foreign assets. A negotiation team representing Venezuela in late 2022 began formal talks with some creditors, including miner Crystallex and oil producer ConocoPhillips (COP.N), to avoid the loss of Citgo. A license by the U.S. Treasury Department would be required and Venezuelan state oil company PDVSA would not have access to cash flow from those exports, Medina said. One of the opposition's arguments is that PDVSA is currently forced by U.S. sanctions to sell its oil in Asia at deep discounts. Energy analysts estimate the U.S. Gulf Coast has more room for processing Venezuela's heavy sour crude grades.

Persons: Horacio Medina, Nicolas Maduro, Medina, PDVSA, refiners Citgo, Marianna Parraga, Rosalba O'Brien Organizations: HOUSTON, Petroleum, ConocoPhillips, United Nations, Maduro, U.S . Treasury Department, Valero Energy, PBF Energy, Treasury Department, Chevron Corp, PDVSA, Chevron, . Energy, Gulf, Thomson Locations: CARACAS, Venezuela, Venezuelan, United States, China, Houston, Washington, American, Asia, Chevron, Caracas

☆ Oregon county sues oil, gas companies including Exxon, Shell, Chevron for deadly 2021 Pacific Northwest heat dome
▼ + stars: | 2023-06-23 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

Multnomah County in Oregon is suing oil and gas companies Exxon Mobil , Shell , Chevron , BP, ConocoPhillips and related organizations for the damages caused by the 2021 Pacific Northwest heat dome. Multnomah County said these and other fossil fuel companies and entities operating in the region are significantly responsible for causing and worsening the deadly heat event. Starting on June 25, 2021, Multnomah County had three consecutive days where the heat reached 108, 112 and 116 degrees Fahrenheit, respectively. The heat event is called a heat dome which is a weather event caused by a high-pressure system that in this case prevented cooler maritime winds to blow and also prevented clouds from forming. Jessica Vega Pederson, the chair of Multnomah County, is seeking to protect the residents of the county she represents.

Persons: Shanton Alcaraz, Eddy Norby, Jessica Vega Pederson, Pederson, Caron PC, Thomas, Coon, Frost Organizations: Salvation Army Northwest Division, Exxon Mobil, Shell, BP, ConocoPhillips, Anadarko Petroleum, Occidental Petroleum, American Petroleum Institute, Chevron, Koch Industries, Marathon Petroleum, McKinsey & Company, Motiva, Peabody Energy, Specialties USA, Valero Energy, Western States Petroleum Association, Worthington Locations: Seattle , Washington , U.S, Multnomah County, Oregon, Chevron, Pacific, Occidental

☆ Investors in biggest climate pressure group don't like to pressure
▼ + stars: | 2023-06-12 | by ( Tommy Wilkes | ) www.reuters.com time to read: +7 min

Climate Action 100+ (CA100+), set up in 2017, comprises more than 700 investment firms representing $68 trillion in assets. At stake is whether CA100+ members use all the tools at their disposal to pressure climate laggards. FLAGGING CLIMATE LAGGARDSCA100+ posts on its website upcoming shareholder resolutions and board re-election votes but it doesn't recommend voting against directors at climate laggards. Wespath's sustainability director, Jake Barnett, said that challenging board directors over their climate policies was not being used widely enough "as a method of accountability". In at least one area there is compulsion; CA100+ members not responding to a survey asking for their engagement interests within a year could be delisted.

Persons: laggards, Xander Urbach, CA100, Francois Humbert, bodes, Eli Kasargod, Staub, Warren Buffett's Berkshire Hathaway, Jake Barnett, MN's Urbach, Shell, Wael Sawan, Vincent Kaufmann, Tommy Reggiori Wilkes, Greg Roumeliotis, Susan Fenton Organizations: Reuters, MN, Generali Investments, Exxon Mobil Corp, Chevron, Valero Energy, Warren, Investments, The United Methodist Church, Shell, Ethos Foundation, Thomson Locations: Paris, Swiss

☆ Valero responds to fire at Corpus Christi, Texas, refinery
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

Companies Valero Energy Corp FollowMay 17 (Reuters) - Valero Energy Corp (VLO.N) said crews are responding to a fire on Wednesday within its 290,000 barrel-per-day Corpus Christi West refinery in Texas. "This morning, a fire occurred at Valero's West Plant refinery. Most of the motor fuels made at the refinery comes from the West Plant. The Bill Greehey refinery East and West plants are located along the Corpus Christi ship channel and the East refinery processes sour crude, while the West plant processes sweet and sour crude and residual fuel oil, according to the refinery website. Community air monitoring indicated there were no offsite concerns, Valero's Schroeder said and the City of Corpus Christi posted on its website.

☆ U.S. refiners build new oil processing as travel rises
▼ + stars: | 2023-05-16 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

HOUSTON, May 16 (Reuters) - U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand. This quarter is traditionally one of the year's hottest for demand as companies build gasoline and jet fuel output for the summer vacation season. He estimates refiners overall will run at 94% utilization rate this quarter, matching the 2017-19 average for the period. High prices will keep U.S. refinery utilization rates at levels near last year's about 91.7% this year and next, the U.S. Energy Information Administration forecast in January. Refiners will add the capacity to process an additional 328,000 bpd in this quarter, increasing gasoline and diesel supplies this summer.

☆ Valero Energy CEO Joseph Gorder to step down, insider Riggs to succeed
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: 1 min

Companies Valero Energy Corp FollowMay 9 (Reuters) - U.S. refiner Valero Energy Corp (VLO.N) said on Tuesday CEO Joseph Gorder would step down from the role on June 30 and named Chief Operating Officer Lane Riggs as his successor. Gorder has led Valero as CEO since May 1, 2014 and served as chairman of the board since Dec. 31, 2014. Gorder will remain as executive chairman, the company said. Riggs has been with Valero since 1989 and held several leadership positions in the company including overseeing refining operations, crude and feedstock supply, and planning and economics. He also served on the board of Valero Energy Partners GP LLC from 2014 to 2019.

☆ Phillips 66 joins rivals to beat profit estimates as refining margins soar
▼ + stars: | 2023-05-03 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

[1/2] A general view of the Phillips 66 refinery, as seen from the corner of Fifth Street and California Street in Rodeo, California, the oldest oil refining town in the American West, U.S. December 6, 2022. REUTERS/Brittany Hosea-Small/File PhotoMay 3 (Reuters) - U.S. refiner Phillips 66 (PSX.N) beat Wall Street estimate for first-quarter profit on Wednesday, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies. Realized margins soared 91% to $20.72 per barrel in the first quarter from a year earlier, Phillips 66 said. "We ran above industry-average crude utilization, successfully executed major turnarounds and increased market capture to 93%," Phillips 66's CEO Mark Lashier said in a statement. The Houston-based refiner reported adjusted earnings of $4.21 per share for the three months ended March 31, compared with average analyst estimate of $3.56, according to Refinitiv data.

☆ Here are the most overbought and oversold S&P 500 stocks, including several tech names
▼ + stars: | 2023-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

One metric to determine if a stock is overbought or oversold is the "relative strength index," which measures the magnitude and speed of price moves. An equity with a 14-day RSI under 30 is considered oversold, which means it may be an opportunity to buy. Meanwhile, those with a 14-day RSI above 70 are considered overbought — and the names could be due for a pause. CNBC Pro screened for S & P 500 stocks in both the overbought and oversold territory, based on their RSI. Valero Energy has the lowest 14-day RSI on the list, at 16.67.

TOKYO, April 28 (Reuters) - Oil prices gained about 2% on Friday after U.S. data showed crude output was declining while fuel demand was growing. Brent crude futures rose $1.16, or 1.5%, to $79.53 a barrel by 12:24 p.m. EDT (1624 GMT), while West Texas Intermediate (WTI) crude rose $1.99, or 2.7%, to $76.75. "But, today there were headlines showing there may be a solution to First Republic's problems and data pointing to a rise in oil demand and a decline in output," Flynn said. In the same report, the EIA said U.S. product supplied of crude and petroleum products - a proxy for oil demand - rose to nearly 20 million bpd and finished motor gasoline rose to 8.7 million bpd in February, the highest for both since November 2022. Oil companies like Exxon Mobil Corp(XOM.N), meanwhile, are riding a wave of strong demand and have held the line on cost-cutting implemented when fuel demand collapsed during COVID-19 lockdowns.

HOUSTON, April 28 (Reuters) - Chevron Corp (CVX.N) has stepped up sales of Venezuelan crude oil to rival U.S. refiners, adding PBF Energy Inc (PBF.N) and Marathon Petroleum Corp (MPC.N) to its list of customers for the crude, vessel tracking and loading schedules showed. Chevron, the last big U.S. oil producer still operating in U.S.-sanctioned Venezuela, has increased exports of the crude since January. So far in April, it has loaded about 148,000 barrels per day (bpd) of oil at Venezuelan ports, with cargoes going to at least three other U.S. refiners, besides Chevron's own refinery. In mid-April, Chevron sold about 550,000 barrels of Venezuelan crude to PBF for its 185,000-bpd Chalmette refinery, near New Orleans, U.S. Customs data on Refinitiv Eikon showed. Chevron has sent Venezuelan crude to its 369,000-bpd Pascagoula, Mississippi, refinery and this month shipped a cargo to a Bahamas oil-storage terminal, PDVSA's schedules showed.

☆ Morning Bid: Fresh spur from Meta and Europe's banks
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +5 min

Perhaps even more surprising, Europe's big banks are wowing the gallery too - showing limited, if any, fallout from the failure of ailing Credit Suisse at the end of the quarter. And so the glass appears half full again despite background tensions around regional U.S. banks and as wider markets brace for several weeks of a U.S. debt ceiling standoff. With Amazon reporting later, its stock rose another 2% ahead of the bell too. The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The dollar was marginally weaker, with crude oil prices struggling to recover from their latest lunge lower this week.

☆ State leaders targeting climate investing have quiet stakes in the fossil fuel industry
▼ + stars: | 2023-04-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Fitzpatrick is among a group of powerful Republican state leaders who have waged similar fights against environmentally conscious investing as they held personal investments in, or saw political support from, the fossil fuel industry. Some of the state officials have received campaign donations from fossil fuel companies or their executives. "He has never 'had private briefings tied back to the fossil fuel industry' nor does he personally direct or execute trades himself. Hegar co-signed an open letter in 2021 with other state financial officers that was addressed to the U.S. banking industry and defended the fossil fuel industry. He also co-signed the 2022 letter to Biden from a slate of other state financial officers defending the fossil fuel industry.

☆ Big Tech earnings, crucial inflation call — here comes the biggest week of earnings season
▼ + stars: | 2023-04-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Microsoft, Netflix, Amazon, Sunrun & more
▼ + stars: | 2023-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

This is relevant to Apple as we estimate that Google pays Apple ~$20bn for being the default search engine across iOS devices." Goldman Sachs reiterates Microsoft as buy Goldman says it's staying bullish heading into Microsoft earnings next week. Deutsche Bank reiterates Disney as buy Deutsche Bank says it sees an "attractive setup" heading into earnings in early May. HSBC upgrades Nvidia to buy from reduce HSBC said in its double upgrade of Nvidia that it's "all about AI." Deutsche Bank reiterates Amazon as buy Deutsche says it's standing by its buy rating on the e-commerce giant ahead of earnings later this month.

☆ Wells Fargo raises the caution flag on refiners, downgrades Valero, Marathon
▼ + stars: | 2023-04-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wells Fargo is less optimistic on the future performance of oil refinery stocks Analyst Roger Read downgraded both Valero Energy and Marathon Petroleum to equal weight from overweight. "We raise the caution flag on the refining sector," he said in a note to clients Tuesday. Jet inventory, meanwhile, is "well above" where it was a year ago but still below the average levels seen historically. Demand has also recovered compared with the long-term average but still sits below levels seen before the pandemic. MPC VLO 5Y mountain Valero and Marathon — CNBC's Michael Bloom contributed to this report.

☆ Analysts love these 15 cheap stocks — and give one 250% upside
▼ + stars: | 2023-04-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

But investors still have to contend with uncertainty as analysts continue to warn of a recession this year. Stock screen CNBC Pro screened for stocks in the S & P 500, Nasdaq Composite and MSCI World for cheap stocks with big upside. They met the following criteria: Stocks trading at a lower forward price-to-earnings ratio relative to their average five-year forward P/E multiple; "Buy" ratings from at least 40% of analysts covering them; Upside to average price target of 30% or more. First Solar and Broadwind Energy stood out for having among the highest potential upside on the list at 175% and 250%, respectively. Of the stocks on CNBC's screen, Valero Energy is trading at the steepest discount at 95%.

"Climate change is an existential risk and a risk to investor returns," said John Galloway, who oversees the Pennsylvania firm's engagement and proxy voting at portfolio companies, in an interview by teleconference. Galloway said in practice the proposal, which won 42% support, would have required a wholesale change to Valero's business, a decision best left to the board. "A proposal that’s asking a company to make a change that’s changing its strategy is not a proposal we're likely to support," Galloway said. U.S. Republican politicians applauded the move as responsive to their efforts to counter many companies' treatment of environmental, social and governance (ESG) matters. Galloway said the decision was driven with an eye on the varied views of its largely retail client base.

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