Here’s Three Ways to Play the Coming Tax Increase
Aug 11th, 2009 | By David Fessler | Category: Stock Market InvestingTaxes are going to go up. I’m not happy about it, and I’m sure most Americans are as steamed as I am.
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Taxes are going to go up. I’m not happy about it, and I’m sure most Americans are as steamed as I am.
Rentech (AMEX:RTK) is surprising its investors with a huge share price surge this week. The spike comes on the news that the company may be ready to explode into a huge market.
Do you remember this time last year? As spring turned to summer, energy prices were moving upward. By mid-July 2008, oil prices peaked at $147 per barrel. But as with Gen. Pickett and his famous charge at Gettysburg, that lofty level of $147 was the high-water mark for oil prices.
Flying home from our conference in Victoria, and looking out the window of the airplane taking me home, I begin to understand the vast opportunity we have by looking over the rooftops of homes and business parks alike.
In the energy market, crude oil for September delivery rose 89 cents from Thursday to close at $68.05/barrel. August reformulated gasoline rose a quarter of a cent to finish at $1.9159/gallon.
In the energy market, crude oil for September delivery shot up $1.76 from Wednesday to close at $67.16/barrel. August reformulated gasoline rose 7.49 cents to finish at $1.9132/gallon.
In the energy market, crude oil for September delivery [the new front-month contract] fell 21 cents from Tuesday to close at $65.40/barrel. August reformulated gasoline rose 2.63 cents to finish at $1.8383/gallon.
In the energy market, crude oil for August delivery rose 74 cents from Monday to close at $64.72/barrel. August reformulated gasoline climbed more than 2 cents to finish at $1.812/gallon.
The markets are moving. While the nation’s biggest companies are making the headlines, some of the smallest firms are creating the most profit potential.
In the energy market, crude oil for August delivery climbed $1.51 from Thursday to close at $63.56/barrel. August reformulated gasoline rose more than five-and-a-half cents to finish at $1.7699/gallon.