CVR Energy Inc. Common Stock (CVI)

Bob Elliott suggests the U.S. economy's susceptibility to oil price shocks has significantly diminished compared to previous decades.

Top mid-cap stocks gain, led by energy companies due to increased oil prices from Middle East conflict. Oklo, Bausch Health, Quantum Computing among top performers.

Activist investor Carl Icahn buys $27 million worth of CVR Energy stock in April.

According to Koyfin data, the company's adjusted loss was $0.13 per share during the reported quarter, while analysts, on average, expected it to post a loss of $0.62 per share.

Icahn Enterprises shares drop after a Q3 earnings miss, dividend cut, and the announcement of a $17.50 tender offer for additional CVR Energy shares.

Carl Icahn, the renowned billionaire investor, is planning to increase his firm's stake in CVR Energy, Inc. while significantly reducing its dividend payout.

CVI stock results show that CVR Energy beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.

Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.

Generally, it’s good to listen to expert guidance. However, for these sell-rated stocks, it may pay to go the contrarian route.

Explore stocks at 52-week lows in payment processing, entertainment, drug retail, oil and gas, telecommunication, and investment banking.

GDP is expected to grow this year, and global GDP is forecast to grow by 3.1% this year and 3.2% next year. That should lead to increased demand for oil.