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MRO
And We’re Off…
As market momentum switches to positive, we take a look at the sectors that are strengthening, those that remain weak, and the strategy you should employ when trading oil stocks right now. We also take a look at the latest sector-by-sector momentum and insider buying.... Read More »
Dear Reader,
We should have just hit our second profit on MRO - this time on the Higher Profitability trade, the MRO Jun. 3, 2022 $30 Call - depending on your exact fill price. If you're still waiting for your 100% gain on the first half of your $30 Call, be sure to have your exit order in place.
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We take a look at the current state of the market, why you must watch insider buying trends, and why we're trading on momentum.... Read More »
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I'm keeping it short here, because I don't like interrupting your day...
Unless we're closing out a profit, of course!
Marathon Oil Corp. (NYSE: MRO) will announce their earnings results after the close today, just as the stock is reaching into oversold territory.
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Stocks guided traders nowhere today. Don't get me wrong, the markets moved a lot... but they did it without making any serious gains. And actually, there's a good reason for that.
There were a number of headlines that moved stocks through the day. One of the biggest lowered the expectations that we'll see a trade deal with China soon. Another was an announcement from Secretary of State Mike Pompeo which said that Iran is "prepared to negotiate" regarding its nuclear program.
The latter of those pulled oil prices lower. Oil traders have been holding their breath as lately, prices have been rolling over. Now, the news from Iran (or "potential news") has oil prices tumbling more than 2%.
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It pains me to see this happen right after our Marathon Oil Corporation (NYSE: MRO) calls were working to get back to breakeven and maybe even a profit last week, but the energy sector is getting absolutely hammered right now.
As a result, MRO's stock is down more than 6% today. It's the kind of move that, given our Friday expiration, represents a point of no return for our calls.
We need to close it right now...
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If you haven't done so already, this is your Final Call to follow the action of last night's Mission Order to place the trade with your broker.
You don't want to miss this energy boost.
So here's what to do...
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As we inch closer to the summer, the temperature will continue to rise, and crude oil prices are increasing right along with it. This is creating great profit opportunities in the energy sector, which I mentioned last week during my latest CNBC Closing Bell appearance.
Tonight, we're putting that hint into action...
Marathon Oil Corporation (NYSE: MRO) is an American petroleum and natural gas exploration and production company that also operates internationally via its International E&P segment. But rising oil prices are just the beginning for MRO's bullish run.
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