{"id":212515,"date":"2021-02-16T17:33:51","date_gmt":"2021-02-16T22:33:51","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=212515"},"modified":"2021-02-17T07:35:05","modified_gmt":"2021-02-17T12:35:05","slug":"oil-spikes-to-extend-rally-but-loses-momentum","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-spikes-to-extend-rally-but-loses-momentum\/","title":{"rendered":"Oil spikes to extend rally, but loses momentum"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1384\/Gerard-Ferguson\">Gerard Ferguson<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/6123\/EVRI-N\"><span class=\"company-name\">Everi Holdings Inc.<\/span><\/a> (<strong>A Top Pick Jul 22\/19, Up 16%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>A massive snow storm blanketed Canada and the United States Tuesday and propelled energy demand. The price of WCS spiked nearly 3% and WTI climbed 1.2% while natural gas soared 6.73%. In fact, WTI topped $60 and hit fresh one-year highs. Along with the energy spike, hopes that Washington will deliver the US$1.9 trillion stimulus package and the ever-falling number of Covid cases and deaths continues to fuel optimism. Despite all that, markets closed Tuesday (following holiday Monday) mixed.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">Salesforce<\/a>&#8216;s 3.42% climb drove the Dow by 0.2% to new highs, but the S&amp;P finished flat and the Nasdaq slipped 0.34% despite a strong morning. Travel names soared as <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean<\/a> soared 9.6%, but some health names slid, like <a href=\"https:\/\/stockchase.com\/company\/view\/336\/CVS-N\">CVS<\/a> by nearly 5%. The price of gold retreated 1.5% while small caps, which have been on a tear, took a step back, with the Russell 2000 closing -0.72%. Tech had a rocky day as <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> closed 1.61% and <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> -2.46% both in heavy trading. However, <a href=\"https:\/\/stockchase.com\/company\/view\/4579\/IMAX-N\">Imax<\/a> reported a opening weekend record for a blockbuster <a href=\"https:\/\/finance.yahoo.com\/news\/imax-soars-record-breaking-chinese-163000622.html\" target=\"_blank\" rel=\"noopener\">film<\/a>, and its shares leapt 6.49%, indicating that audiences still want to see movies on the big screen.<\/p>\n<p>The energy crisis and U.S. stimulus hopes drove the TSX up 0.17% to claim a record high. Pot names were smoking as <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> leapt over 27% and <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> jumped almost 13%. However, <a href=\"https:\/\/stockchase.com\/company\/view\/5737\/HEXO-T\">Hexo<\/a> outperformed all, rocketing 22.16% after announcing it was <a href=\"https:\/\/finance.yahoo.com\/news\/hexo-corp-acquire-zenabis-global-162600954.html\" target=\"_blank\" rel=\"noopener\">buying<\/a> Zenabis Global (up 16.13%) to become a major cannabis player. Of course, energy names rallied. <a href=\"https:\/\/stockchase.com\/company\/view\/1308\/VET-T\">Vermilion<\/a> rallied 7.74% while travel names like <a href=\"https:\/\/stockchase.com\/company\/view\/2364\/CHR-T\">Chorus Aviation<\/a> flew 7.67%.<\/p>\n<p>&#x1f4a8; <a href=\"https:\/\/stockchase.com\/company\/view\/2351\/CRM-N\">SalesForce.com Inc.<\/a> +3.42%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean Cruises<\/a> +9.6%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/336\/CVS-N\">CVS Health Corp<\/a> -5%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> -1.61%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> -2.46%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/4579\/IMAX-N\">IMAX Corp.<\/a> +6.49%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> +27%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis<\/a> +13%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5737\/HEXO-T\">Hexo Corp<\/a> +22.16%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1308\/VET-T\">Vermilion Energy Inc<\/a> +7.74%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/2364\/CHR-T\">Chorus Aviation Inc<\/a> +7.67%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Gerard Ferguson, including Everi Holdings Inc. (A Top Pick Jul 22\/19, Up 16%) Get Premium to receive all past top picks opinions a few hours before market open. A massive snow [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-212515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/212515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=212515"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/212515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=212515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=212515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=212515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}