Shares of Schlumberger (NYSE:SLB) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved down to $26.36.
Starbucks Corporation (NASDAQ: SBUX) reached a new all-time high in trading this week.
NewEdge Wealth's Rob Sechan said Friday on CNBC's "Fast Money Halftime Report" that he recently added Starbucks to his portfolio.
As the global energy sector transitions from fossil fuels to clean energy in the next several decades, the companies servicing the oil and gas industry are also looking to transition their businesses from servicing oilfields to servicing clean energy operations.
On CNBC's "Fast Money Halftime Report," Pete Najarian said Schlumberger NV (NYSE: SLB) is going to continue to move to the upside. He has seen unusually high options activity in the name.
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The good news for oil investors is that the price of a barrel of oil has stabilized around the $35-$40 area, a far cry from the brief foray into negative territory in April.