SUPERNEWS - NYSE:VLO (Valero Energy Corporation) Stock Price, News, Quote, History

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Energy Stocks Lead S&P 500 in 2024, Oil Hits $90/Barrel

Oil Hits $86.91 Amid Tensions, Fed's Inflation Battle Toughens

Oil prices surge to $86.91 amid geopolitical tensions, challenging the Federal Reserve's inflation fight and pushing refining stocks to alltime highs.

Energy Stocks Teeter: 3.5% Drop Looms Post-Surge

Energy stocks are showing signs of an impending reversal in April, with historical data indicating a potential 3.5% decline in the S&P 500 Energy Index following overbought signals. - Despite being undervalued previously, the energy sector has now become the most overbought sector, with a 15% increase in stocks since January 18 driven by rising oil prices and increased demand due to sanctions on Russia. - Valero and Marathon have seen significant gains recently, with Valero reaching a record high after 10 consecutive days of increases, despite limited news driving the surge.

3/19, 14:57 EDT

[TOP MOVERS] US Stocks: Navigating Growth Amid Sector Volatility

## US Equities: A Mixed Bag of Performers as Investors Eye Economic Growth and Sector Shifts As the US stock market gears up for another trading day, investors find themselves navigating through a landscape shaped by recent economic optimism and strategic corporate maneuvers. The S&P 500 and Nasdaq 100 futures hint at a cautious start, barely moving the needle, while the Dow Jones Industrial Average futures see a slight dip of 0.1%. This comes on the heels of the market reaching new heights last week, fueled by the dual engines of economic growth and monetary easing. The global perspective isn't left behind, with the MSCI World index climbing 0.4%. ### Spotlight on Today's Market Movers The premarket session has thrown a spotlight on several key players across various sectors, painting a vivid picture of the dynamic nature of US equities. AN2 Therapeutics (ANTX) takes a dramatic plunge, dropping 71% as it hits a roadblock with the pause of enrollment in a phase 3 trial for its lung disease drug. This stark decline underscores the volatile journey of biotech firms through the drug development process. In the retail sector, Big Lots (BIG) faces a 17% slide after Loop Capital Markets downgrades the stock to sell, citing an "increasingly precarious" financial situation. This reflects the broader challenges faced by offprice retailers in a fluctuating economic environment. The energy sector sees a significant development with Diamondback Energy Inc. (FANG) merging with Endeavor Energy Resources, a move that analysts view positively, signaling a potential reshaping of the oil-and-gas landscape. Tech and IT services are not left out of the action. Kyndryl Holdings Inc. (KD) enjoys a 2.9% uptick after an upgrade from Susquehanna Financial, while Unity Software (U) dips 1.8% following a downgrade by Macquarie, highlighting the sector's ongoing adjustments to market demands. ### Sector-Specific Highlights and Analyst Insights The beverage and snack giant PepsiCo (PEP) sees a modest rise of 0.4% after Citi upgrades the stock to buy, pointing towards a favorable setup for the company's organic sales growth in FY24. The electric vehicle sector reflects the broader market's sentiment towards green energy, with Rivian (RIVN) dropping 4% after a downgrade from Barclays. This move mirrors the growing scrutiny and competitive pressures within the EV market. Pharmaceuticals also make their mark, with Teva Pharmaceutical ADRs (TEVA) climbing 3.4% following an upgrade by Piper Sandler. This suggests a growing confidence in the generic drugmaker's market position and potential for further growth. ### A Glimpse into Market Capitalization Movements The market's breadth is evident in the movements across different capitalization tiers. Notable mentions include Arista Networks (ANET US) and Super Micro Computer (SMCI US), both witnessing significant gains, indicating investor confidence in these sectors. On the flip side, companies like Palantir (PLTR US) and Valero Energy (VLO US) face declines, reflecting the market's ongoing reassessment of value and growth prospects. ### The Road Ahead As investors digest these movements and position themselves for the day ahead, the focus remains on navigating the intricate balance between seizing growth opportunities and mitigating risks. The US equities market continues to be a testament to the dynamic interplay of economic indicators, corporate strategies, and investor sentiment, offering a rich tapestry for those willing to delve into its complexities.

2/12, 09:27 EST

PGA TOUR Enterprises Chairman Joe Gorder Leads Strategic Push for $3 Billion Investment

Joe Gorder elected as chairman of PGA TOUR Enterprises, aiming to boost growth and innovation with up to $3 billion funding.

Energy Stocks Lead S&P 500 in 2024, Oil Hits $90/Barrel

Oil Hits $86.91 Amid Tensions, Fed's Inflation Battle Toughens

Energy Stocks Teeter: 3.5% Drop Looms Post-Surge

3/19, 14:57 EDT

VLO News

Oil Refinery in Southern Russia Halts Work After Ukrainian Drone Strikes, 80,000 BPD Output Affected

5/19, 06:02 EDT

Suriname's 2.4B Barrel Oil Boom, FPSO Project Advances

5/16, 19:39 EDT

Atlas Lithium Nears Brazil Plant Finish; U.S. Hikes China Tariffs

5/14, 17:15 EDT

Trans Mountain Specs Clash: Oil Giants Seek Value Boost

5/10, 15:25 EDT

PGA TOUR Enterprises Chairman Joe Gorder Leads Strategic Push for $3 Billion Investment

TotalEnergies Eyes Wall St. Move Over 40% Valuation Gap

Energy Giants' Dividends Shine Amid Oil Uncertainty

Pacific Energy Eyes US LNG Deals Amid Market Speculation

TotalEnergies Eyes NY Listing Amid ESG Policy Shifts

4/30, 12:04 EDT

Wolfe Picks Halliburton, EQT for Inflation Hedge; Energy Up 14%

4/29, 12:22 EDT

TotalEnergies Eyes AES Brazil's $1.1B Renewable Portfolio

4/29, 11:59 EDT

Alphabet, Chipotle Overbought, Market Eyes Gains

4/26, 13:36 EDT

UAE-OMV €30B Merger Stalls Amid Austria Vote, Valuation Spat

4/25, 14:05 EDT

Trading Options on Halliburton Post-Earnings Amid Oil Shifts

4/25, 11:34 EDT

Pre-Market: Tech Stocks Wobble, Ford and Chipotle Defy Odds

4/25, 08:52 EDT

Oil Refiners' Profits Dip Amid Demand Woes, Competition Up

4/24, 13:14 EDT

Energy Fuels Buys Base for $240M, Boosts REE/Uranium Supply

4/24, 09:53 EDT

Energy Giants Vitol, Gunvor, Mercuria Eye Metals Amid Shortfalls

4/24, 02:14 EDT

‘Bargain’ Energy Stocks to Buy Amid Oil Dip, Morningstar Picks 5

4/22, 20:08 EDT

American Battery and ArcelorMittal Lead in Green Transition; Gold Royalty Soars

4/22, 17:18 EDT

TotalEnergies Snaps Up Sapura Gas for $530M, Boosts Malaysia Ops

4/22, 09:05 EDT

Energy Stocks Lead S&P 500 in 2024, Oil Hits $90/Barrel

Energy Sector's 17% Surge Outpaces S&P, Could Climb Higher

Oil Refiners Valero, Marathon Set for Summer Surge; Options Eye Gains

Oil Hits $86.91 Amid Tensions, Fed's Inflation Battle Toughens

Industrials & Energy to Outshine Tech in 2024, Strategist Predicts

Energy Stocks Soar 16%, Outshine Nasdaq with Oil Rally

Dell's Record Surge, Ulta's Plunge, and Pot Stocks' High

Staples & Tech Diverge in Market Turmoil, Oil Soars

Morgan Stanley: Cyclical Stocks Lead in Market Shift

3/30, 07:58 EDT

Wall Street Views

Bloomberg Intelligence

Brett Gibbs, 4/24/24

Neutral on

“US refiners got off to a hot start in 2024 as federal-fund rate expectations bottomed out in mid-January... the focus is setting in on the shape of domestic demand.”

Wood Mackenzie Ltd.

Austin Lin, 4/24/24

Bearish on

“Later this year, about 1 million barrels of new, daily refining capacity is expected to come online even as gasoline demand expands by less than 1%, that will increase competition for US fuel makers.”

TD Cowen

Jason Gabelman and Michael Laupheimer, 4/24/24

Bullish on

“Ukrainian attacks on Russian refineries along with Red Sea shipping disruptions have created global daily supply gaps to the tune of hundreds of thousands of barrels.”

Mizuho Securities USA

Nitin Kumar, 4/24/24

Neutral on

“Are these cracks sustainable? Are they seeing strength in demand? Are they seeing any softness in US markets, especially after the turnaround season ended?”

BTIG

Jonathan Krinsky, 4/8/24

Bullish on

“This suggests there is likely more upside for the group, as it just broke out of a two-year base with relative strength turning up. Perhaps it’s becoming the new momentum?”

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