Weight Watchers (WTW) Up on Oprah’s Buy-In
In international trading, markets were mixed. The Nikkei in Japan fell by 159 points in trading today. In Europe, Germany’s DAX was up 60 points. The trend wouldn’t continue across Europe, though. London’s FTSE fell by 26 points today. France’s CAC closed up just a point and a half.
Weight Watchers (WTW) Up on Oprah’s Buy-InShares of Weight Watchers (WTW) were up big on news that Oprah Winfrey would become an investor.
Weight Watchers does have a huge amount of name recognition in the market. It’s the leader in diet products dollar for dollar. Unfortunately the management hasn’t been what it could, and Weight Watchers is down 1.15% year over year.
Oil Steady at $46The price of oil has been holding steady at just over $46 lately. The cost per barrel hasn’t moved much, despite the market’s recent gains. Iranian oil is just about ready to hit the marketplace, and that could drive oil prices back down again. As it is, prices have leveled out due to America’s recent cuts in production.
This country has cut production by 120,000 barrels per day just recently. That’s been largely an effect of the slowdown in tar sands processing in the Dakotas. Just recently, they’ve laid off more than 10,000 people in a series of cuts designed to boost profits. The Utilities sector continues to lead the market, but Energy Minerals has lagged.
Published on Oct 19, 2015By Aaron Phillips