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2021-07-08

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Why You Should Watch the World's Most Hated Oil Company

2021-07-01

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Collapsing oil prices during the 2008-09 Great Recession, coupled with a massive bribery scandal involving the oil firm, sucked the value right out of Brazil's resident fossil fuel giant. But after years of mistrust, new leadership, and class action lawsuits, happier days are here again.&nbsp;After three months of gains, can Petrobras keep heading higher from here? Here's what you need to know once you add this to your watch list.</p>\n<h2><b>3 reasons to fill up on Petrobras</b></h2>\n<p>First, Petrobras has strong fundamentals backing it up. Brazil's government supports fossil fuels, and Petrobras owns most of the deep-water oil fields off Brazil's Atlantic Coast. It's in charge of nearly all of Brazil's natural gas production and distribution. Brazil mixes sugarcane ethanol with its gasoline – and Petrobras owns nine ethanol plants&nbsp;.</p>\n<p>It's also shedding more bad skin. Class action lawsuits revolving around the bribery schemes known in Brazil as the Car Wash scandal are behind it. On July 1, Petrobras sold its remaining stake in its gas station company, BR Distribuidora, raising around $2.3 billlion&nbsp;. After years as the most indebted oil company in the Americas, Petrobras is paying dividends again, and this sale helps keep its roughly 3.2% yield in place. (For contrast, Colombian oil and gas company <b>EcoPetrol </b>(NYSE:EC)&nbsp;yields 0.63%; <b>ExxonMobil</b> (NYSE:XOM) is 5.52%.)</p>\n<p><img src=\"https://static.tigerbbs.com/db88d7c2da5abe2a003bbe04acd875f3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>Second, Brazil's oil and gas demand is coming back. Exports are up, as Oilprice.com &nbsp;reported on June 28. <i>Reuters</i> notes that Chinese oil importers love the company&nbsp;; they've partnered up with Petrobras on multiple lucrative projects</p>\n<p>Third, Brazil is clawing back from its worst days of the COVID-19 pandemic, with zero new cases and zero new deaths&nbsp; reported on both June 29 and June 30. As Brazil returns to normal, there will be more demand for Petrobras oil and natural gas.</p>\n<p>The market has been pricing in this good news for weeks now. Petrobras looks strong -- maybe too strong for some value-minded investors who see the company at its highest price in a year.</p>\n<p>But long-term investors who don't want to spend a lot of money on energy stocks will definitely like the idea of the commodity super<i>-ish</i> cycle. Oil and timber prices are rising. And still, much of the Western world is facing some sort of economic lockdown. That isn't going to last forever, so investors believe demand for fuel will increase to power economies that finally start firing on all eight cylinders.</p>\n<p>But investors who want exposure to global value and key commodities like oil and gas will have to pay attention to Petrobras's price to get the most out of any potential investment.</p>\n<h2><b>Why you should wait for a pullback</b></h2>\n<p>Petrobras has been trading between roughly $8 and $12 per share since 2016. It slipped to $5 during the beginning of the pandemic in March 2020. In 2018 and 2019, when the U.S. and Brazilian economies were doing very well, the stock hit as high as $16. At current prices of around $11, Petrobras still trades around the high end of its five-year range -- and a lot of its fortunes will depend on global oil markets.&nbsp;If they look bullish, so will Petrobras.</p>\n<p>Given its historical performance, buying Petrobras under $10 a share may be your safest bet for a long-term holding. You will need to watch oil markets when it is trading over $12 to see whether investors are convinced oil is going higher. If oil looks like a dud, then Petrobras could easily peter out, making a $12 buy pretty pricey.</p>\n<h2><b>Political risk will keep it cheap</b></h2>\n<p>We know strong oil and weaker Covid provide great tailwinds for Petrobras. But next year's elections could create serious headwinds, too.</p>\n<p>Incumbent president Jair Bolsonaro faces an uphill battle. At least for now, political observers believe he'll lose his reelection bid to former president Luiz Inacio \"Lula\" da Silva. Sadly, Lula is the poster boy of Operation Car Wash, the name given by Brazil's version of the FBI to the Petrobras bribe schemes. And while it is highly unlikely that such fraud would begin again&nbsp;, given public pressure against such corruption and all the near-fatal lawsuits Petrobras endured in the scandal's wake, the market could easily crush Petrobras if it thinks Lula will win.</p>\n<p>If so, consider that another opportunity to build your Petrobras war chest.&nbsp; If Petrobras falls to single digits, big Wall Street emerging market funds might start buying. And if history's any guide, Petrobras tends to recover from single digits in time.</p>\n<p>Can Petrobras be a $15 stock again like in 2018-19? I'd argue yes. Solid oil and gas prices and COVID-19 recovery should help Brazil's economy bounce back, strengthening its currency and likely pushing Petrobras share prices higher.</p>\n<p>Unless you believe oil and gas will go the way of the wooden windmill, and Brazil will never heal from COVID, (and what Fool believes that?) then Petrobras is a must watch.&nbsp;Keep an eye out for general sell-offs, and be leery of investing at any price over $12 unless oil is approaching $100 and COVID talk dissipates globally.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why You Should Watch the World's Most Hated Oil Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy You Should Watch the World's Most Hated Oil Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/07/why-you-should-watch-the-worlds-most-hated-oil-com/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you invested in Petrobras (NYSE:PBR) during the days of $150 oil and never sold, you lost your shirt -- and probably lost patience with any Brazil-related stock. Collapsing oil prices during the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/07/why-you-should-watch-the-worlds-most-hated-oil-com/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EC":"哥伦比亚国家石油","PBR":"巴西石油公司","XOM":"埃克森美孚"},"source_url":"https://www.fool.com/investing/2021/07/07/why-you-should-watch-the-worlds-most-hated-oil-com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149132523","content_text":"If you invested in Petrobras (NYSE:PBR) during the days of $150 oil and never sold, you lost your shirt -- and probably lost patience with any Brazil-related stock. Collapsing oil prices during the 2008-09 Great Recession, coupled with a massive bribery scandal involving the oil firm, sucked the value right out of Brazil's resident fossil fuel giant. But after years of mistrust, new leadership, and class action lawsuits, happier days are here again. After three months of gains, can Petrobras keep heading higher from here? Here's what you need to know once you add this to your watch list.\n3 reasons to fill up on Petrobras\nFirst, Petrobras has strong fundamentals backing it up. Brazil's government supports fossil fuels, and Petrobras owns most of the deep-water oil fields off Brazil's Atlantic Coast. It's in charge of nearly all of Brazil's natural gas production and distribution. Brazil mixes sugarcane ethanol with its gasoline – and Petrobras owns nine ethanol plants .\nIt's also shedding more bad skin. Class action lawsuits revolving around the bribery schemes known in Brazil as the Car Wash scandal are behind it. On July 1, Petrobras sold its remaining stake in its gas station company, BR Distribuidora, raising around $2.3 billlion . After years as the most indebted oil company in the Americas, Petrobras is paying dividends again, and this sale helps keep its roughly 3.2% yield in place. (For contrast, Colombian oil and gas company EcoPetrol (NYSE:EC) yields 0.63%; ExxonMobil (NYSE:XOM) is 5.52%.)\n\nImage source: Getty Images.\nSecond, Brazil's oil and gas demand is coming back. Exports are up, as Oilprice.com  reported on June 28. Reuters notes that Chinese oil importers love the company ; they've partnered up with Petrobras on multiple lucrative projects\nThird, Brazil is clawing back from its worst days of the COVID-19 pandemic, with zero new cases and zero new deaths  reported on both June 29 and June 30. As Brazil returns to normal, there will be more demand for Petrobras oil and natural gas.\nThe market has been pricing in this good news for weeks now. Petrobras looks strong -- maybe too strong for some value-minded investors who see the company at its highest price in a year.\nBut long-term investors who don't want to spend a lot of money on energy stocks will definitely like the idea of the commodity super-ish cycle. Oil and timber prices are rising. And still, much of the Western world is facing some sort of economic lockdown. That isn't going to last forever, so investors believe demand for fuel will increase to power economies that finally start firing on all eight cylinders.\nBut investors who want exposure to global value and key commodities like oil and gas will have to pay attention to Petrobras's price to get the most out of any potential investment.\nWhy you should wait for a pullback\nPetrobras has been trading between roughly $8 and $12 per share since 2016. It slipped to $5 during the beginning of the pandemic in March 2020. In 2018 and 2019, when the U.S. and Brazilian economies were doing very well, the stock hit as high as $16. At current prices of around $11, Petrobras still trades around the high end of its five-year range -- and a lot of its fortunes will depend on global oil markets. If they look bullish, so will Petrobras.\nGiven its historical performance, buying Petrobras under $10 a share may be your safest bet for a long-term holding. You will need to watch oil markets when it is trading over $12 to see whether investors are convinced oil is going higher. If oil looks like a dud, then Petrobras could easily peter out, making a $12 buy pretty pricey.\nPolitical risk will keep it cheap\nWe know strong oil and weaker Covid provide great tailwinds for Petrobras. But next year's elections could create serious headwinds, too.\nIncumbent president Jair Bolsonaro faces an uphill battle. At least for now, political observers believe he'll lose his reelection bid to former president Luiz Inacio \"Lula\" da Silva. Sadly, Lula is the poster boy of Operation Car Wash, the name given by Brazil's version of the FBI to the Petrobras bribe schemes. And while it is highly unlikely that such fraud would begin again , given public pressure against such corruption and all the near-fatal lawsuits Petrobras endured in the scandal's wake, the market could easily crush Petrobras if it thinks Lula will win.\nIf so, consider that another opportunity to build your Petrobras war chest.  If Petrobras falls to single digits, big Wall Street emerging market funds might start buying. And if history's any guide, Petrobras tends to recover from single digits in time.\nCan Petrobras be a $15 stock again like in 2018-19? I'd argue yes. Solid oil and gas prices and COVID-19 recovery should help Brazil's economy bounce back, strengthening its currency and likely pushing Petrobras share prices higher.\nUnless you believe oil and gas will go the way of the wooden windmill, and Brazil will never heal from COVID, (and what Fool believes that?) then Petrobras is a must watch. Keep an eye out for general sell-offs, and be leery of investing at any price over $12 unless oil is approaching $100 and COVID talk dissipates globally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158197576,"gmtCreate":1625134639395,"gmtModify":1703736834199,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"Great news","listText":"Great news","text":"Great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158197576","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","pubTimestamp":1625122086,"share":"https://ttm.financial/m/news/1106223449?lang=&edition=fundamental","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p>\n<p>The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p>\n<p>With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p>\n<p>The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p>\n<p>The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p>\n<p>For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p>\n<p>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p>\n<p>Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p>\n<p>The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p>\n<p>Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p>\n<p>That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p>\n<p>For now, at least, the path of least resistance is higher.</p>\n<p><img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153876840,"gmtCreate":1625019412680,"gmtModify":1703850255007,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153876840","repostId":"1109590567","repostType":4,"repost":{"id":"1109590567","pubTimestamp":1625016275,"share":"https://ttm.financial/m/news/1109590567?lang=&edition=fundamental","pubTime":"2021-06-30 09:24","market":"us","language":"en","title":"Buffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'","url":"https://stock-news.laohu8.com/highlight/detail?id=1109590567","media":"CNBC","summary":"Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berk","content":"<div>\n<p>Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1109590567","content_text":"Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a like.\nThey discovered that thanks to a well-known doctor in town, Dr. Edwin Davis, who told Buffett in a 1957 meeting he trusted him to manage money because the investor reminded him of someone named Charlie Munger.\n“Well, I don’t know who Charlie Munger is, but I like him,” Buffett responded to Davis, the investing legend recalled in an interview with CNBC’sBecky Quick, which aired Tuesday as part of a special, “Buffett & Munger: A Wealth of Wisdom.”\nWarren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.Johannes Eisele | AFP | Getty Images\nDavis and his wife, Dorothy, made it a goal to eventually connect Buffett and Munger, Buffett said. It happened over dinner two years later, in 1959, when Munger, then a lawyer in Los Angeles, was back in Omaha after his father, Alfred, died.\n“About five minutes into it, Charlie was sort of rolling on the floor laughing at his own jokes, which is exactly the same thing I did,” Buffett, 90, said. “I thought, ‘I’m not going to find another guy like this.’ And we just hit it off.”\n“We got along fine,” Munger, 97, said, adding: “What I like about Warren is the irreverence. We don’t have automatic reverence for the pompous heads of all civilization.”\nTheir friendship and business relationship blossomed from there, as Buffett continued building his investment firm and Munger toiled in law.\nIn the early 1960s, Munger said he finally heeded Buffett’s advice about his career path. “It took me a long time to wise up that [Buffett] had a better way of making a living than I did. But he finally convinced me that I was wasting my time.”\nMunger started his own investment firm, which would go on to post an average annual compound rate of 19.8% between 1962 and 1975, far better than theDow Jones Industrial Average’s 5% over that span, according to Buffett’s famous 1984 essay,“The Superinvestors of Graham-and-Doddsville.”\nBuffett said he remembers having long phone conversations with Munger back then. Added Munger: “We had fun in the early days because it was like hunting expeditions.”\nBuffett began to buy shares of Berkshire Hathaway in 1962, ultimately taking control of the company three years later and building it into the influential conglomerate it is today. He serves as chairman and CEO.\nIn 1978, Munger became vice chairman of Berkshire Hathaway, a position he still holds.\n“I just knew instantly Charlie was the kind of guy that I was going to like, and I was going to learn from,” Buffett said, reflecting on their initial meeting. “You know, it wasn’t anything calculated, a decision or anything like that. It was natural. And we have had nothing but fun.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153879771,"gmtCreate":1625019290493,"gmtModify":1703850250102,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153879771","repostId":"2147895900","repostType":4,"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":149688345,"gmtCreate":1625722670087,"gmtModify":1703747131691,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149688345","repostId":"2149132523","repostType":4,"repost":{"id":"2149132523","pubTimestamp":1625715004,"share":"https://ttm.financial/m/news/2149132523?lang=&edition=fundamental","pubTime":"2021-07-08 11:30","market":"us","language":"en","title":"Why You Should Watch the World's Most Hated Oil Company","url":"https://stock-news.laohu8.com/highlight/detail?id=2149132523","media":"Motley Fool","summary":"With oil prices rising, and a public health crisis improving in Brazil, Petrobras might be the best oil and gas company in the Americas.","content":"<p>If you invested in <b>Petrobras</b> (NYSE:PBR) during the days of $150 oil and never sold, you lost your shirt -- and probably lost patience with any Brazil-related stock. Collapsing oil prices during the 2008-09 Great Recession, coupled with a massive bribery scandal involving the oil firm, sucked the value right out of Brazil's resident fossil fuel giant. But after years of mistrust, new leadership, and class action lawsuits, happier days are here again.&nbsp;After three months of gains, can Petrobras keep heading higher from here? Here's what you need to know once you add this to your watch list.</p>\n<h2><b>3 reasons to fill up on Petrobras</b></h2>\n<p>First, Petrobras has strong fundamentals backing it up. Brazil's government supports fossil fuels, and Petrobras owns most of the deep-water oil fields off Brazil's Atlantic Coast. It's in charge of nearly all of Brazil's natural gas production and distribution. Brazil mixes sugarcane ethanol with its gasoline – and Petrobras owns nine ethanol plants&nbsp;.</p>\n<p>It's also shedding more bad skin. Class action lawsuits revolving around the bribery schemes known in Brazil as the Car Wash scandal are behind it. On July 1, Petrobras sold its remaining stake in its gas station company, BR Distribuidora, raising around $2.3 billlion&nbsp;. After years as the most indebted oil company in the Americas, Petrobras is paying dividends again, and this sale helps keep its roughly 3.2% yield in place. (For contrast, Colombian oil and gas company <b>EcoPetrol </b>(NYSE:EC)&nbsp;yields 0.63%; <b>ExxonMobil</b> (NYSE:XOM) is 5.52%.)</p>\n<p><img src=\"https://static.tigerbbs.com/db88d7c2da5abe2a003bbe04acd875f3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>Second, Brazil's oil and gas demand is coming back. Exports are up, as Oilprice.com &nbsp;reported on June 28. <i>Reuters</i> notes that Chinese oil importers love the company&nbsp;; they've partnered up with Petrobras on multiple lucrative projects</p>\n<p>Third, Brazil is clawing back from its worst days of the COVID-19 pandemic, with zero new cases and zero new deaths&nbsp; reported on both June 29 and June 30. As Brazil returns to normal, there will be more demand for Petrobras oil and natural gas.</p>\n<p>The market has been pricing in this good news for weeks now. Petrobras looks strong -- maybe too strong for some value-minded investors who see the company at its highest price in a year.</p>\n<p>But long-term investors who don't want to spend a lot of money on energy stocks will definitely like the idea of the commodity super<i>-ish</i> cycle. Oil and timber prices are rising. And still, much of the Western world is facing some sort of economic lockdown. That isn't going to last forever, so investors believe demand for fuel will increase to power economies that finally start firing on all eight cylinders.</p>\n<p>But investors who want exposure to global value and key commodities like oil and gas will have to pay attention to Petrobras's price to get the most out of any potential investment.</p>\n<h2><b>Why you should wait for a pullback</b></h2>\n<p>Petrobras has been trading between roughly $8 and $12 per share since 2016. It slipped to $5 during the beginning of the pandemic in March 2020. In 2018 and 2019, when the U.S. and Brazilian economies were doing very well, the stock hit as high as $16. At current prices of around $11, Petrobras still trades around the high end of its five-year range -- and a lot of its fortunes will depend on global oil markets.&nbsp;If they look bullish, so will Petrobras.</p>\n<p>Given its historical performance, buying Petrobras under $10 a share may be your safest bet for a long-term holding. You will need to watch oil markets when it is trading over $12 to see whether investors are convinced oil is going higher. If oil looks like a dud, then Petrobras could easily peter out, making a $12 buy pretty pricey.</p>\n<h2><b>Political risk will keep it cheap</b></h2>\n<p>We know strong oil and weaker Covid provide great tailwinds for Petrobras. But next year's elections could create serious headwinds, too.</p>\n<p>Incumbent president Jair Bolsonaro faces an uphill battle. At least for now, political observers believe he'll lose his reelection bid to former president Luiz Inacio \"Lula\" da Silva. Sadly, Lula is the poster boy of Operation Car Wash, the name given by Brazil's version of the FBI to the Petrobras bribe schemes. And while it is highly unlikely that such fraud would begin again&nbsp;, given public pressure against such corruption and all the near-fatal lawsuits Petrobras endured in the scandal's wake, the market could easily crush Petrobras if it thinks Lula will win.</p>\n<p>If so, consider that another opportunity to build your Petrobras war chest.&nbsp; If Petrobras falls to single digits, big Wall Street emerging market funds might start buying. And if history's any guide, Petrobras tends to recover from single digits in time.</p>\n<p>Can Petrobras be a $15 stock again like in 2018-19? I'd argue yes. Solid oil and gas prices and COVID-19 recovery should help Brazil's economy bounce back, strengthening its currency and likely pushing Petrobras share prices higher.</p>\n<p>Unless you believe oil and gas will go the way of the wooden windmill, and Brazil will never heal from COVID, (and what Fool believes that?) then Petrobras is a must watch.&nbsp;Keep an eye out for general sell-offs, and be leery of investing at any price over $12 unless oil is approaching $100 and COVID talk dissipates globally.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why You Should Watch the World's Most Hated Oil Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy You Should Watch the World's Most Hated Oil Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/07/why-you-should-watch-the-worlds-most-hated-oil-com/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you invested in Petrobras (NYSE:PBR) during the days of $150 oil and never sold, you lost your shirt -- and probably lost patience with any Brazil-related stock. Collapsing oil prices during the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/07/why-you-should-watch-the-worlds-most-hated-oil-com/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EC":"哥伦比亚国家石油","PBR":"巴西石油公司","XOM":"埃克森美孚"},"source_url":"https://www.fool.com/investing/2021/07/07/why-you-should-watch-the-worlds-most-hated-oil-com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149132523","content_text":"If you invested in Petrobras (NYSE:PBR) during the days of $150 oil and never sold, you lost your shirt -- and probably lost patience with any Brazil-related stock. Collapsing oil prices during the 2008-09 Great Recession, coupled with a massive bribery scandal involving the oil firm, sucked the value right out of Brazil's resident fossil fuel giant. But after years of mistrust, new leadership, and class action lawsuits, happier days are here again. After three months of gains, can Petrobras keep heading higher from here? Here's what you need to know once you add this to your watch list.\n3 reasons to fill up on Petrobras\nFirst, Petrobras has strong fundamentals backing it up. Brazil's government supports fossil fuels, and Petrobras owns most of the deep-water oil fields off Brazil's Atlantic Coast. It's in charge of nearly all of Brazil's natural gas production and distribution. Brazil mixes sugarcane ethanol with its gasoline – and Petrobras owns nine ethanol plants .\nIt's also shedding more bad skin. Class action lawsuits revolving around the bribery schemes known in Brazil as the Car Wash scandal are behind it. On July 1, Petrobras sold its remaining stake in its gas station company, BR Distribuidora, raising around $2.3 billlion . After years as the most indebted oil company in the Americas, Petrobras is paying dividends again, and this sale helps keep its roughly 3.2% yield in place. (For contrast, Colombian oil and gas company EcoPetrol (NYSE:EC) yields 0.63%; ExxonMobil (NYSE:XOM) is 5.52%.)\n\nImage source: Getty Images.\nSecond, Brazil's oil and gas demand is coming back. Exports are up, as Oilprice.com  reported on June 28. Reuters notes that Chinese oil importers love the company ; they've partnered up with Petrobras on multiple lucrative projects\nThird, Brazil is clawing back from its worst days of the COVID-19 pandemic, with zero new cases and zero new deaths  reported on both June 29 and June 30. As Brazil returns to normal, there will be more demand for Petrobras oil and natural gas.\nThe market has been pricing in this good news for weeks now. Petrobras looks strong -- maybe too strong for some value-minded investors who see the company at its highest price in a year.\nBut long-term investors who don't want to spend a lot of money on energy stocks will definitely like the idea of the commodity super-ish cycle. Oil and timber prices are rising. And still, much of the Western world is facing some sort of economic lockdown. That isn't going to last forever, so investors believe demand for fuel will increase to power economies that finally start firing on all eight cylinders.\nBut investors who want exposure to global value and key commodities like oil and gas will have to pay attention to Petrobras's price to get the most out of any potential investment.\nWhy you should wait for a pullback\nPetrobras has been trading between roughly $8 and $12 per share since 2016. It slipped to $5 during the beginning of the pandemic in March 2020. In 2018 and 2019, when the U.S. and Brazilian economies were doing very well, the stock hit as high as $16. At current prices of around $11, Petrobras still trades around the high end of its five-year range -- and a lot of its fortunes will depend on global oil markets. If they look bullish, so will Petrobras.\nGiven its historical performance, buying Petrobras under $10 a share may be your safest bet for a long-term holding. You will need to watch oil markets when it is trading over $12 to see whether investors are convinced oil is going higher. If oil looks like a dud, then Petrobras could easily peter out, making a $12 buy pretty pricey.\nPolitical risk will keep it cheap\nWe know strong oil and weaker Covid provide great tailwinds for Petrobras. But next year's elections could create serious headwinds, too.\nIncumbent president Jair Bolsonaro faces an uphill battle. At least for now, political observers believe he'll lose his reelection bid to former president Luiz Inacio \"Lula\" da Silva. Sadly, Lula is the poster boy of Operation Car Wash, the name given by Brazil's version of the FBI to the Petrobras bribe schemes. And while it is highly unlikely that such fraud would begin again , given public pressure against such corruption and all the near-fatal lawsuits Petrobras endured in the scandal's wake, the market could easily crush Petrobras if it thinks Lula will win.\nIf so, consider that another opportunity to build your Petrobras war chest.  If Petrobras falls to single digits, big Wall Street emerging market funds might start buying. And if history's any guide, Petrobras tends to recover from single digits in time.\nCan Petrobras be a $15 stock again like in 2018-19? I'd argue yes. Solid oil and gas prices and COVID-19 recovery should help Brazil's economy bounce back, strengthening its currency and likely pushing Petrobras share prices higher.\nUnless you believe oil and gas will go the way of the wooden windmill, and Brazil will never heal from COVID, (and what Fool believes that?) then Petrobras is a must watch. Keep an eye out for general sell-offs, and be leery of investing at any price over $12 unless oil is approaching $100 and COVID talk dissipates globally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158197576,"gmtCreate":1625134639395,"gmtModify":1703736834199,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"Great news","listText":"Great news","text":"Great news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158197576","repostId":"1106223449","repostType":4,"repost":{"id":"1106223449","pubTimestamp":1625122086,"share":"https://ttm.financial/m/news/1106223449?lang=&edition=fundamental","pubTime":"2021-07-01 14:48","market":"us","language":"en","title":"The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.","url":"https://stock-news.laohu8.com/highlight/detail?id=1106223449","media":"Barrons","summary":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 5","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d70d0323609e9ce596a9a90e475422d1\" tg-width=\"1260\" tg-height=\"840\"><span>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year.</span></p>\n<p>The S&amp;P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.</p>\n<p>With June coming to an end, the S&amp;P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.</p>\n<p>The market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.</p>\n<p>The combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and&nbsp;cause stocks to tumble. Others worry that&nbsp;U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.</p>\n<p>For those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.</p>\n<p>Since 1979, the S&amp;P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.</p>\n<p>Even the losses, when they occurred, weren’t all that bad. The S&amp;P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.</p>\n<p>The one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&amp;P 500 dropped 20% in one day, still a record loss. While selling linked to so-called&nbsp;portfolio insurance&nbsp;was ultimately blamed for the size and speed of the loss, the second half of 1987 was&nbsp;a period of rising bond yields and high stock-market valuations, just like the first half of 2021.</p>\n<p>Still, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&amp;P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank&nbsp;Cappelleri, chief market technician at Instinet.</p>\n<p>That 6.3% average second-half rise would push the S&amp;P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.</p>\n<p>For now, at least, the path of least resistance is higher.</p>\n<p><img src=\"https://static.tigerbbs.com/3cb229b2e05d59b9c126d464a7d771bb\" tg-width=\"958\" tg-height=\"647\"></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Notches Its Second-Best First Half Since the Dot-Com Bubble. What Comes Next.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/stock-market-futures-crash-gains-51625071996?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106223449","content_text":"Since 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year.\nThe S&P 500 closed its second-best first half since the dot-com bubble. Don’t be surprised if the stock market keeps on rising.\nWith June coming to an end, the S&P 500 finished the first half of 2021 with a gain of 14.4%. Since 1998, only 2019’s 17.4% first-half surge has been larger.\nThe market got a boost from Covid-19 vaccinations, which have helped the U.S. economy reopen, while trillions of dollars of fiscal stimulus have helped shore up demand. The gains continued even as concerns about inflation have increased speculation that the Federal Reserve would be forced to take steps to slow the economy.\nThe combination of big gains and a more hawkish Fed have raised concerns that the market has become too complacent. If inflation continues to run hot for long enough, the central bank could be forced to act more quickly than the market expects—and cause stocks to tumble. Others worry that U.S. economic growth could slow faster than investors anticipate, causing a pullback in the process.\nFor those who take that view, there is no better time to back away from the stock market than the present. History suggests otherwise.\nSince 1979, the S&P 500 has gained 10% or more 14 times during the first half of the year, and the index has gone on to average a 6.3% gain over the second half of the year. What’s more, the index finished the second half of the year higher In 11 of those instances, or 79% of the time.\nEven the losses, when they occurred, weren’t all that bad. The S&P 500 dropped 1.9% in the second half of 1983 and 3.5% during the last six months of 1986.\nThe one exception was the last six months of 1987 when the index fell 19% during the second half of the year. That period included Black Monday, when the S&P 500 dropped 20% in one day, still a record loss. While selling linked to so-called portfolio insurance was ultimately blamed for the size and speed of the loss, the second half of 1987 was a period of rising bond yields and high stock-market valuations, just like the first half of 2021.\nStill, the market has been acting like it wants to go higher, not lower. Pullbacks, a normal event in the midst of bull runs, have been mild in 2021, with the largest drops being less than 4%. “What the [S&P 500] has done throughout 2021 is pick itself up when and where it has needed to, maintaining an uptrend all along,” writes Frank Cappelleri, chief market technician at Instinet.\nThat 6.3% average second-half rise would push the S&P 500’s full-year gain to around 23%. That would represent a “textbook [market] recovery” from a recession, says Fundstrat’s Tom Lee.\nFor now, at least, the path of least resistance is higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153879771,"gmtCreate":1625019290493,"gmtModify":1703850250102,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153879771","repostId":"2147895900","repostType":4,"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153876840,"gmtCreate":1625019412680,"gmtModify":1703850255007,"author":{"id":"4087731202762350","authorId":"4087731202762350","authorIdStr":"4087731202762350","name":"Leo07","avatar":"https://static.tigerbbs.com/06d9285de67bf7330c4e4733fcc0529c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087731202762350"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153876840","repostId":"1109590567","repostType":4,"repost":{"id":"1109590567","pubTimestamp":1625016275,"share":"https://ttm.financial/m/news/1109590567?lang=&edition=fundamental","pubTime":"2021-06-30 09:24","market":"us","language":"en","title":"Buffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'","url":"https://stock-news.laohu8.com/highlight/detail?id=1109590567","media":"CNBC","summary":"Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berk","content":"<div>\n<p>Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett reflects on his first meeting with Munger: 'I'm not going to find another guy like this'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.cnbc.com/2021/06/29/buffett-reflects-on-his-first-meeting-with-munger-im-not-going-to-find-another-guy-like-this.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1109590567","content_text":"Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a like.\nThey discovered that thanks to a well-known doctor in town, Dr. Edwin Davis, who told Buffett in a 1957 meeting he trusted him to manage money because the investor reminded him of someone named Charlie Munger.\n“Well, I don’t know who Charlie Munger is, but I like him,” Buffett responded to Davis, the investing legend recalled in an interview with CNBC’sBecky Quick, which aired Tuesday as part of a special, “Buffett & Munger: A Wealth of Wisdom.”\nWarren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.Johannes Eisele | AFP | Getty Images\nDavis and his wife, Dorothy, made it a goal to eventually connect Buffett and Munger, Buffett said. It happened over dinner two years later, in 1959, when Munger, then a lawyer in Los Angeles, was back in Omaha after his father, Alfred, died.\n“About five minutes into it, Charlie was sort of rolling on the floor laughing at his own jokes, which is exactly the same thing I did,” Buffett, 90, said. “I thought, ‘I’m not going to find another guy like this.’ And we just hit it off.”\n“We got along fine,” Munger, 97, said, adding: “What I like about Warren is the irreverence. We don’t have automatic reverence for the pompous heads of all civilization.”\nTheir friendship and business relationship blossomed from there, as Buffett continued building his investment firm and Munger toiled in law.\nIn the early 1960s, Munger said he finally heeded Buffett’s advice about his career path. “It took me a long time to wise up that [Buffett] had a better way of making a living than I did. But he finally convinced me that I was wasting my time.”\nMunger started his own investment firm, which would go on to post an average annual compound rate of 19.8% between 1962 and 1975, far better than theDow Jones Industrial Average’s 5% over that span, according to Buffett’s famous 1984 essay,“The Superinvestors of Graham-and-Doddsville.”\nBuffett said he remembers having long phone conversations with Munger back then. Added Munger: “We had fun in the early days because it was like hunting expeditions.”\nBuffett began to buy shares of Berkshire Hathaway in 1962, ultimately taking control of the company three years later and building it into the influential conglomerate it is today. He serves as chairman and CEO.\nIn 1978, Munger became vice chairman of Berkshire Hathaway, a position he still holds.\n“I just knew instantly Charlie was the kind of guy that I was going to like, and I was going to learn from,” Buffett said, reflecting on their initial meeting. “You know, it wasn’t anything calculated, a decision or anything like that. It was natural. And we have had nothing but fun.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}