For the first time ever, Amazon is having a second Prime Day-like mega sale in one year. Let's check out the charts and indicators and pay less attention to the free shipping. Prices have retraced two-thirds of the prior rally and the indicators remain weak despite Tuesday's gap to the upside. Read More...
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Why Chevron, Occidental Petroleum, and Devon Energy Rocketed Higher Today
Shares of large-cap oil and gas producers Chevron (NYSE: CVX), Occidental Petroleum (NYSE: OXY), and Devon Energy (NYSE: DVN) were in rally mode today, up 5%, 5.4%, and 7.9%, respectively, as of 11:24 a.m. ET. While many stocks were higher today, oil and gas stocks were particularly strong ahead of the upcoming OPEC+ meeting this week. Over the weekend, The Wall Street Journal reported OPEC+ participants would discuss production cuts at the upcoming meeting to offset falling prices, with the potential for a surprisingly large cut in the offing.
