Why Pipeline Stocks Are Tumbling Today

What happened Pipeline stocks are getting pulverized today. Several were down more than 10% by 12:30 p.m. EDT on Monday, including Energy Transfer (NYSE: ET), Phillips 66 Partners (NYSE: PSXP), ONEOK (NYSE: OKE), and Crestwood Equity Partners (NYSE: CEQP). Driving down shares of Source: Industry Insights


Energy Transfer digs in on N.Dakota pipeline expansion despite oil slump -sources

U.S. pipeline company Energy Transfer has taken the rare step of invoking force majeure – normally used in times of war or natural disaster – to prevent oil firms from walking away from a proposed expansion of the controversial Dakota Access pipeline, according to two sources familiar with the matter. Source: Industry Insights


3 Things You Need to Know About Index Funds and ETFs

Those of us who have invested directly in stocks know very well the sense of anxiety that comes along with it. Though we all know the importance of patience and perseverance when it comes to equities, they tend to go out the window once markets start tanking. And there is anothe Source: Industry Insights


Forget Marathon Petroleum: Phillips 66 Is a Better Dividend Stock

This year has been brutal for the refining industry. The COVID-19 outbreak has hammered demand for gasoline and jet fuel, taking refining margins and stock prices down with it. Giants Marathon Petroleum (NYSE: MPC) and Phillips 66 (NYSE: PSX) have both shed roughly 40% of the Source: Industry Insights


Friday Sector Leaders: Energy, Healthcare

The best performing sector as of midday Friday is the Energy sector, higher by 1.7%. Within that group, Marathon Petroleum Corp. (Symbol: MPC) and Occidental Petroleum Corp (Symbol: OXY) are two large stocks leading the way, showing a gain of 5.8% and 4.8%, respectively. Amo Source: Industry Insights


Noteworthy Friday Option Activity: MPC, PYPL, CLX

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (Symbol: MPC), where a total of 61,855 contracts have traded so far, representing approximately 6.2 million underlying shares. That amounts to Source: Industry Insights


Energy Stocks Lead Markets Higher as Oil Tops $40

Friday morning brought another relatively calm session to Wall Street, as major market benchmarks were generally higher but by modest amounts. Market participants are trying to be patient in seeing whether the recovery from the worst of the coronavirus pandemic will continue or Source: Industry Insights


Friday's ETF Movers: XLE, SPYD

In trading on Friday, the The Energy Select Sector SPDR— Fund ETF is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Marathon Petroleum, up about 6.2% and shares of Apache, up about 5% on the day. Source: Industry Insights