USOU: The Aggressive Long Crude Trade – USCF Funds Trust – United States 3x Oil Fund (NYSEARCA:USOU)

USOU: The Aggressive Long Crude Trade - USCF Funds Trust - United States 3x Oil Fund (NYSEARCA:USOU)

Over the last 24 hours, shares of the United States 3x Oil Fund (USOU) have rallied an astounding 34% on news regarding the attacks on oil infrastructure in Saudi Arabia. In this piece, I will make the case that this rally will likely see further upside. In other words, if you’re looking for the aggressive long trade in crude oil, USOU is a great buy at this time. The Instrument Let’s start with a walkthrough of what exactly USOU is. Put simply, USOU is USCF Investments’ amped up version of…

Chipotle adds new menu item nationwide, first time in three years By Reuters

(Reuters) – Chipotle Mexican Grill Inc (N:) said on Tuesday it would add a new item to its menu nationwide for the first time in three years, as the Mexican food chain looks to drive sales in a crowded U.S restaurant market. The company’s menu will offer carne asada, a dish of thin steak slices seasoned with signature spices, for a limited period of time. The dish was piloted in Cincinnati, Ohio, and Fresno, California, Chipotle said. “It performed incredibly well in the test markets,” said Chris Brandt, chief marketing officer of…

3 Growth Drivers For RSX – VanEck Vectors Russia ETF (NYSEARCA:RSX)

RSX Vs. Ruble - VanEck Vectors Russia ETF (NYSEARCA:RSX)

Instrument The VanEck Vectors Russia ETF (RSX) is a fund that offers exposure to equities from Russia, which includes publicly-traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia. Driver #1 – Oil Russian energy companies form 40% of RSX’s portfolio, and they are, in turn, mainly represented by oil companies. Thus, we should talk about them first. Source: VanEck Drone strikes forced Saudi Arabia to shut down half of its crude production (roughly 5%…

Metals Update: Expect More Room For Upside In Near Term – Invesco DB Base Metals ETF (NYSEARCA:DBB)

Orchid Research

Introduction In this regular note, we provide a discussion on the degree of fundamental tightness/looseness across the industrial metals, with a special focus on copper, zinc, and aluminium, in order to formulate a clear view on the Invesco DB Base Metals Fund (DBB). DBB, which includes principally copper, aluminium, and zinc, has rebounded well since we published our previous Metals Update (August 19). While DBB is still below our near-term target of $16.00 per share, we believe that the recent rebound will continue by year-end, as positioning shifts gradually from…

WeWork parent considers delaying IPO following pushback: sources By Reuters

© Reuters. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York By Joshua Franklin (Reuters) – WeWork owner The We Company is considering delaying its initial public offering until October at the earliest, concerned that its stock market debut would be snubbed by many investors, people familiar with the matter said on Monday. The U.S. office-sharing startup was making preparations to launch an investor road show for its IPO as early as this week. It is under pressure to proceed with the…