Teekay Corporation is a global leader in marine transportation and logistics, primarily focused on the oil and gas sector. The company operates a diverse fleet of oil tankers and LNG carriers, working to provide transportation solutions that ensure the safe and efficient delivery of energy resources worldwide. With a strong emphasis on safety, environmental protection, and operational excellence, Teekay is involved in a range of activities, including ship management, chartering, and terminal operations. Through its extensive experience and commitment to innovation, Teekay plays a crucial role in the global energy supply chain, facilitating the movement of vital resources across international waters. Read More
As of Jan. 31, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
For this long weekend, I am offering you food for thought. In the overall macro theme, I am sticking to this for time being:
Stagflation - The Fed can’t fix it with a huge reduction in rates, that will spike inflation.
The market has seen a dip in U.S. liquidity, and only 19% of all stocks are beating the S&P 500 over the last four weeks. That hasn’t happened in over 20 years -- and possibly longer (likely the Dot-Com bust).
Companies Reporting Before The Bell • AudioCodes (NASDAQ:AUDC) is estimated to report quarterly earnings at $0.18 per share on revenue of $61.52 million.
Shares of Teekay Corporation (NYSE: TK) traded at a new 52-week high today and are currently trading at $6.66. So far today, approximately 1.35M shares have been exchanged, as compared to an average 30-day volume of 1.88M shares.
Companies Reporting Before The Bell • Takeda Pharmaceutical (NYSE:TAK) is likely to report earnings for its fourth quarter. • Exela Technologies (NASDAQ:XELA) is expected to report earnings for its first quarter.
U.S. stocks traded mostly higher, with the Dow Jones gaining around 20 points on Wednesday. Here are some big stocks recording gains in today’s session.
Several oil tanker stocks are in buy range, or close to it, as the war in Ukraine and high crude prices are contributing to high earnings for tanker companies.
