Month: June 2020

OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil production cuts by one month while raising pressure on countries with poor compliance to deepen their output cuts, OPEC+ sources told Reuters. “Any agreement on extending the cuts is conditional on countries who have not fully complied in May deepening their cuts in upcoming months to offset their overproduction,” one OPEC source said. OPEC+ agreed last month to cut output by a record 9.7 million barrels per day, or about 10% of global output, in May and June to lift prices …read more […]

Shares of the company, which have risen 5% this year, were up 3% in pre-market trading. The Prego pasta sauce maker now expects fiscal 2020 adjusted earnings per share to be between $2.87 and $2.92, compared with its prior range of $2.55 to $2.60. Net sales rose about 15% to $2.24 billion in the third quarter, ended April 26, beating estimates of $2.22 billion, driven by higher demand for Prego pasta sauces, V8 beverages and Pepperidge Farm cookies. …read more […]

This is an absolutely tremendous time to be an investor.
At the threat of being hyperbolic, it may be the best time ever.
Across all three of the model portfolios we run, there are currently 22 open positions. All but two are worth more than we paid for them… many are worth significantly more.
We’ve got multiple stocks up by 20%, 30% and 40% just in the past few weeks. And we’ve got options surging by 100%, 200% and even 300%.
One of the companies we recently detailed in a special report to subscribers surged as much as 1,000% since January.
Times aren’t just good… …read more […]

(Bloomberg) — A meeting between OPEC and its allies this month was in doubt as Saudi Arabia and Russia drew a hard line over quota cheating by some nations.The two leaders of OPEC+ told other members that talks planned for early June to discuss extending record output cuts may not happen if countries including Iraq and Nigeria don’t make firm promises to implement their supply curbs, said people familiar with the matter.Without any changes to the deal, the group is due to start easing its cuts from July. Oil erased gains in New York, trading at $36.79 a barrel as …read more […]

Top news and what to watch in the markets on Wednesday, June 3, 2020. …read more […]