This Is What Whales Are Betting On BP
A whale with a lot of money to spend has taken a noticeably bearish stance on BP.
Looking at options history for BP (NYSE:BP) we detected 12 strange trades.
How BP, ConocoPhillips Could Benefit From Upcoming Nord Stream 1 Pipeline Closure
Russia’s state-owned multinational energy corporation announced another maintenance closure of the Nord Stream 1 pipeline, following a reduction in natural gas volume over the past few weeks, as the pipeline is currently operating at 20% of the contractual volume, per CNBC.
George Soros’ Investment Firm Takes Position In Tesla, Bulks Up On These Tech Stocks In Q2
Billionaire investor George Soros’ investment management firm, Soros Fund Management LLC, opened a fresh position in electric vehicle pioneer Tesla, Inc. (NASDAQ: TSLA) and doubled down on beaten-down tech stocks.
Wells Fargo Maintains Underweight on BP, Lowers Price Target to $29
Wells Fargo analyst Roger Read maintains BP (NYSE:BP) with a Underweight and lowers the price target from $31 to $29.
Market Volatility Increases As Dow Tumbles Over 400 Points
U.S. stocks settled lower after a volatile session on Tuesday amid increasing tensions between the US and China following House speaker Nancy Pelosi's visit to Taiwan.
All the three major indices settled in the red zone, with the blue-chip Dow Jones recording the worst performance.
TechnipFMC plc (FTI) Q2 Earnings Lag Estimates, Sales Beat
TechnipFMC plc (NYSE: FTI) reported second-quarter 2022 adjusted earnings of 2 cents per share, lagging the Zacks Consensus Estimate of 4 cents per share. This underperformance was due to higher product costs and lease expenses, which pushed up the company's total expenses.
China/U.S. Tensions Top Of Mind
Good Morning Everyone!
Remember, generational wealth is built during bear markets.
