Weight Watchers (WTW) Up on Oprah’s Buy-In

Markets were up slightly on average volume. The Dow gained 14.57 points and closed the day at 17,230.54. The S&P 500 is up 0.55 points to close the day at 2,033.66. The NASDAQ led today in real gains, and closed out the day up 18.78 points to 4,905.47 points.

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-In

Shares of Weight Watchers (WTW) were up big on news that Oprah Winfrey would become an investor.
The stock closed up 7.13 points, or 105.1%, in trading today. The long-term outlook for the company is still bad, with the company losing cash hand over fist. It’s in debt and poorly managed by all accounts, and the share price has badly suffered.

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 $46

The 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, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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