Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says

Suncor Energy is a buy, but be prepared to turn if oil prices peak, Jim Cramer says

CNBC’s Jim Cramer on Friday advised investors to pick up shares of Canadian oil producer Suncor Energy, but only if they’re confident oil prices will stay elevated. Cramer’s comments come after activist investment firm Elliott Management, which holds a 3.4% stake in Suncor, called for the firm to shuffle its management and take other measures … Read more

5 things to know before the stock market opens Friday, April 29

5 things to know before the stock market opens Friday, April 29

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Tech pressures Wall Street premarket; data shows inflation still high Traders on the floor of the NYSE, April 28, 2022. Source: NYSE 2. Amazon falls on ugly forecast and slowest growth since dot-com bust Andy Jassy, ​​CEO … Read more

Oil prices rally on report that Germany drops opposition to Russian oil embargo

Oil prices rally on report that Germany drops opposition to Russian oil embargo

Cranes at an oil industry support facility in Port Fourchon, Louisiana, US, on Wednesday, April 21, 2021. Luke Sharrett | Bloomberg | Getty Images Oil prices rallied on Thursday after reports that Germany is no longer opposed to an embargo on Russian oil, which could further tighten supplies in the already stressed global crude market. … Read more