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EOG Resources, based in Houston, is a Fortune 500 E&P company. The company is one of the largest independent crude oil and natural gas companies in the United States, with proved reserves in the U.S., Trinidad, and the United Kingdom. EOG became independent from Enron in 1999.

U.S. stocks fell as investors digested Fed Chair Powell's remarks. He noted that the central bank does not need to be 'in a hurry' to lower interest rates. The S&P 500 closed down 0.6%, the Dow fell 0.5% and the Nasdaq lost 0.6%.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

Times certainly have changed in the stock market, as former "can't miss" stars lag badly and former laggards are ripping higher. One of the areas where this is most evident is in Information Technology (and we have talked about this change several times). Other than Nvidia (NVDA, the "King of AI"), Broadcom (AVGO), and maybe a few others that are hanging very close to all-time highs, the rest of the semiconductor plays have been awash in downtrends since peaking in July 2024. Many of these names have dropped below their 200-day and 50-week averages and are closing in on testing their 21-month exponential averages. The iShares Semiconductor ETF (SOXX) has declined 18% over the past four months and this week busted its 200-day for the fourth time since August. The SOXX remains above its corrective low from August 7 and currently is testing its important 50-week average. Still, the IT sector (XLK) has rallied since August 7 and made a very minor all-time high just last week. At that peak, XLK had rallied 21% from its corrective low. The largest IT winners over the past three months have been GEV, ORCL, TEAM, CRM, FTNT, DOCU, ZM, MRVL, CSCO, ADSK, WDAY, INTC, NOW, and FFIV. Gains for these stocks range from 28% to 86%. Most of the winners come from cloud computing, cyber security, and software. The largest ETFs in those areas include First Cloud Computing (SKYY), First Trust Cybersecurity (CIBR), and iShares Software (IGV). All three ETFs have shown strong relative strength versus the QQQ and the semis since July. (Mark Arbeter, CMT)