WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019 Oil prices remain lower this morning , following the US proposal for a ceasefire with Iran, but off the lows following Iran's rejection. “From the Iranian perspective, Trump’s actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann R...
WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019 Oil prices remain lower this morning , following the US proposal for a ceasefire with Iran, but off the lows following Iran's rejection. “From the Iranian perspective, Trump’s actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management. Futures had already pared losses as Tehran fired a new wave of missiles at Israel, and signaled little willingness to compromise. Iran’s armed forces added to a stream of messaging that ruled out ceasefire talks, according to state-run IRIB News. They added that they wouldn’t allow oil prices to return to their previous levels until all threats against the country were removed . Overnight saw API report a modest rise in crude and refined product inventories and while oil prices are really more attuned to the geopolitical headlines currently, we're keeping our eyes on the domestic supply and demand for any signs of an actual impact locally. API Crude +2.35mm Cushing Gasoline +528k Distillates +1.39mm DOE Crude +6.93mm (-200k exp) Cushing +3.42mm - biggest weekly build since Jan 2023 Gasoline -2.59mm Distillates +3.03mm US crude stocks rose for the 5th straight week with inventories at the Cushing Hub soaring by 3.4mm barrels - the biggest build since Jan 2023 . Refined products were mixed with Distillates stocks up bigly while Gasoline stocks fell for the sixth straight week ... Source: Bloomberg For the 5th week in a row, there was no addition (or drawdown) for the US SPR. Total Cushing stocks are their highest since July 2024 while total gasoline stocks tumbled to their lowest since the start of the year... Source: Bloomberg Crude imports from Venezuela surged to their highest since 2019... US Crude production remains 'near' record highs - but despite a rising rig count, production is not increasing... Source: Bloomber...
Investors in Lockheed Martin Corp (Symbol: LMT) saw new options become available today, for the May 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 422 days until expiration the newly available contra
Investors in Lockheed Martin Corp (Symbol: LMT) saw new options become available today, for the May 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 422 days until expiration the newly available contra
Ake Ngiamsanguan/iStock via Getty Images I think the title of this analysis summarizes the Booking Holdings ( BKNG ) case well. The stock is being traded at 16x forward earnings, growing top line and EPS by more than 15%. At this valuation, it seems like a no-brainer to me, but of course, to really be appealing, we have to consider other questions such as trends and risks. However, contrary to wha...
Ake Ngiamsanguan/iStock via Getty Images I think the title of this analysis summarizes the Booking Holdings ( BKNG ) case well. The stock is being traded at 16x forward earnings, growing top line and EPS by more than 15%. At this valuation, it seems like a no-brainer to me, but of course, to really be appealing, we have to consider other questions such as trends and risks. However, contrary to what the valuation suggests, I do not think Booking faces an extremely uncertain scenario or a gigantic threat of disruption. In fact, I believe that the trends are much more positive than the market makes them seem to be. Booking: Headwinds vs. Tailwinds One of the most obvious tailwinds in my view is the trend of the consumer seeking experience. Recently I covered Five Below ( FIVE ) and mentioned that one of the economic trends that is drawing attention is the pressure on the middle class, which ends up generating the dumbbell economy effect, with companies seeking to maximize demand at both ends (high-end products and low-cost products). You can check the full article here . In theory, this is bad for experience companies like Booking. Travel is expensive most of the time, not only in terms of money but also in terms of time and planning, so if the middle class is more pressured in consumption, debt, in working hours and everything else, experiences have to perform worse, right? Well, not exactly. That is because the economy is not so black and white. Pressure on the middle class and a boom in experiences are not mutually exclusive. In fact, this can even explain a bit of the lower available household income of the population. Today, millions of people subscribe to Netflix ( NFLX ), Spotify ( SPOT ), Alphabet’s ( GOOGL ) ( GOOG ) YouTube Premium, have monthly plans in gyms, and so on. In other words, perhaps not only is income pressured due to macroeconomic factors, but also because today people prioritize different things. I find it hard to find someone from younger gener...
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is offering stock options to top executives for the first time since its 2012 initial public offering, in a bid to retain key talent as the company intensifies its push into artificial intelligence, according to a company spokesperson. The...
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is offering stock options to top executives for the first time since its 2012 initial public offering, in a bid to retain key talent as the company intensifies its push into artificial intelligence, according to a company spokesperson. The...
The Pentagon wants to shift roughly $1.5 billion in previously approved funding to buy critical missile interceptors from Lockheed Martin Corp. and RTX Corp. , according to the acting comptroller — weapons that are in short supply as the war in Iran consumes vast amounts of the munitions. The Pentagon’s comptroller Jules Hurst didn’t peg the Pentagon request to the ongoing conflict in Iran in a fo...
The Pentagon wants to shift roughly $1.5 billion in previously approved funding to buy critical missile interceptors from Lockheed Martin Corp. and RTX Corp. , according to the acting comptroller — weapons that are in short supply as the war in Iran consumes vast amounts of the munitions. The Pentagon’s comptroller Jules Hurst didn’t peg the Pentagon request to the ongoing conflict in Iran in a formal “reprogramming” note he sent to Congress on March 13. But the move comes after the US, Israel and Gulf monarchies used up huge amount of interceptors to knock down Iranian drones and missiles following the US and Israeli attacks that opened the ongoing war in the Middle East. The volleys fueled worries about US and allied stockpiles, prompting President Donald Trump to write on social media that the US has a “virtually unlimited supply of these weapons” and can use them to wage war “forever.” A Pentagon official told Bloomberg News that the request is separate from munitions replenishment related to the war, and is part of the Defense Department’s attempt to provide longer-term purchasing guidance that would allow defense contractors to confidently boost manufacturing capacity — particularly for interceptors for the in-demand Patriot and THAAD systems. The reprogramming request supports multi-year procurement agreements finalized earlier this year and reflect a new acquisition approach authorized in this year’s defense policy and appropriations bills, according to the official, who asked not to be identified discussing private deliberations. More framework agreements were announced this morning with Lockheed Martin and BAE Systems for the production of seekers used to guide missiles to targets. Read more: Pentagon Inks Deals to Boost Production of Key Weapons Munition expenditures for the ongoing Iran war will likely be at least partially covered in a recent $200 billion supplemental budget request from the Pentagon, which is being reviewed by the White House’s Office ...
Planet Labs PBC (NYSE:PL) has staged one of the more dramatic recoveries in the small-cap space over the past year. Shares have gained nearly 812% over the trailing 12 months, rising from $4.00 to a 52-week high of $36.38. Year to date, the stock is up more than 78%, including more than 50% just in ... Morgan Stanley Raises Planet Labs Target to $35
Planet Labs PBC (NYSE:PL) has staged one of the more dramatic recoveries in the small-cap space over the past year. Shares have gained nearly 812% over the trailing 12 months, rising from $4.00 to a 52-week high of $36.38. Year to date, the stock is up more than 78%, including more than 50% just in ... Morgan Stanley Raises Planet Labs Target to $35
Google (GOOG.US, GOOGL.US) released a new algorithm aimed at reducing memory usage, causing a decline in storage-related stocks. SanDisk (SNDK.US) temporarily fell by 8%. Moomoo
Google (GOOG.US, GOOGL.US) released a new algorithm aimed at reducing memory usage, causing a decline in storage-related stocks. SanDisk (SNDK.US) temporarily fell by 8%. Moomoo
Erling Haaland donates a rare 16th-century manuscript of Viking sagas, worth £100,000, to be displayed in the library in the Norwegian town of Bryne, where he grew up.
Erling Haaland donates a rare 16th-century manuscript of Viking sagas, worth £100,000, to be displayed in the library in the Norwegian town of Bryne, where he grew up.
travelview/iStock Editorial via Getty Images MGM Resorts ( MGM ) announced on Wednesday that it is launching an all-inclusive Las Vegas Strip package that bundles a two-night stay at Luxor or Excalibur with resort fees, six meals per stay, two show tickets, two Big Apple Coaster rides, and self-parking for one vehicle. The offer starts booking immediately for stays beginning April 6, uses dynamic ...
travelview/iStock Editorial via Getty Images MGM Resorts ( MGM ) announced on Wednesday that it is launching an all-inclusive Las Vegas Strip package that bundles a two-night stay at Luxor or Excalibur with resort fees, six meals per stay, two show tickets, two Big Apple Coaster rides, and self-parking for one vehicle. The offer starts booking immediately for stays beginning April 6, uses dynamic pricing with no blackout dates, and is sold directly through MGM channels rather than online travel agencies. Looking to address affordability concerns, MGM ( MGM ) highlighted that the package is meant to give guests a simpler, upfront-priced way to combine lodging, dining, entertainment, and parking while still tapping into the variety of a typical Vegas trip. The casino operator's move comes as Las Vegas tourism showed a soft trend in 2025, with about 3.1M fewer visitors than in the year prior. The 7.5% decline was the sharpest drop outside the pandemic since 1970, and early 2026 data showed another modest year-over-year dip even as convention attendance improved. Notably, analysts say leisure demand has weakened more than convention traffic, and midweek Strip business has been especially soft. Shares of MGM ( MGM ) are up 1.8% on a year-to-date basis and stand 16% above where they stood a year ago. Seeking Alpha analysts and Wall Street analysts both have a Buy rating on the casino stock. More on MGM Resorts MGM Resorts International (MGM) Presents at J.P. Morgan Gaming, Lodging, Restaurant, and Leisure Management Access Forum Transcript MGM Resorts International (MGM) Q4 2025 Earnings Call Transcript MGM Resorts International 2025 Q4 - Results - Earnings Call Presentation Top-rated casino and gaming stocks amid looming prediction market sports betting ban Fitch Ratings points to MGM Resorts' strong scale and diversification as positives