Sector: Energy & Utilities
BP (BP) stock has risen by about 1.7% in the fourth quarter. Though that rise is marginal, the stock has still outperformed most peers, which have fallen.
In the third quarter, Elliott Management raised its stake in Marathon Petroleum by about 86%. Elliott has criticized MPC’s management on several occasions.
Several midstream stocks hit their respective 52-week lows in the last five days. Crude oil prices took a hit yesterday amid concerns over trade talks.
Institutional holdings in energy stocks changed a lot in the third quarter. Some bought leading energy stocks, while others bought some and sold others.
Respite for Huawei is big news for tech stocks, but China's facing other problems. Plus, one company's fight for survival and much more.
The Dow Jones Industrial Average (DJIA) (DIA) seems to be touching new highs despite pessimism related to progress in trade talks.
In the third quarter, David Tepper's Appaloosa included three new stocks, exited five securities, and increased its stake in the existing eight stocks.