ERX News and Press, Direxion Energy Bull 3X Shares From 06/28/21

After a long bear market, the energy sector has low capex and is likely setting up for a longer-term bull market, not just a transitory blip. An analysis of every major energy/power source, including their shortcomings. My favorite energy stocks for the long run. For further...

Strategas Head of Technical Strategy Chris Verrone takes us through some market insights. The trend of this market is up, but momentum has started to soften under the surface. Over the last few months, participation has narrowed a little as fewer stocks move higher along with the mark...

Direxion Daily Energy Bull 2X Shares (ERX) - $0.1644.Payable Jun 29; for shareholders of record Jun 23; ex-div Jun 22. For further details see: Direxion Daily Energy Bull 2X Shares declares quarterly distribution of $0.1644

imaginima/E+ via Getty Images Oil futures are not immune from today's rout in commodities, pulling back from the highest close in more than two-and-a-half years as the dollar strengthened in reaction to the Federal Reserve's hawkish shift in tone. The U.S. Dollar Index +0.9% today and up 1.6%...

Guven Polat/iStock via Getty Images U.S. crude oil prices hit a 32-month high today, and talk is rising among some top oil traders and forecasters that crude could return to $100/bbl before the end of this year. But it is more likely that OPEC+ will provide a price ceiling, with greater risks...

WTI July crude oil (CL1:COM) settles +1.2% to $70.05/bbl, the highest finish for the front-month contract since October 2018, on continued expectations of improvement in U.S. energy demand and indications that additional Iranian oil supply would not be re-introduced into the market anytime so...

Oil and gas pipeline operators received an advisory today from the U.S. Department of Transportation directing them to update their inspection and maintenance plans with the intent of curbing the release of methane gas from their operations.The DoT's Pipeline and Hazardous Materials Safety Ad...

During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...

We got another disappointing employment report last week. The US economy added 559,000 jobs in May, which was below expectations and disappointing. There are certainly remaining supply-side issues in the economy, which is what we should expect in a recovery from a supply shock. The pr...

Crude oil prices climbed to their highest levels in more than two years today, as optimism over a crude demand recovery and tighter supplies lifted the U.S. benchmark by 5% for the week.Nymex July WTI crude (CL1:COM) settled +1.2% to $69.62/bbl, while August Brent crude (CO1:COM) capped a 4.6...