Here’s what you need to know to navigate the markets today.
• U.S. stocks are set to open Monday slightly higher. On Sunday night, Dow Jones Industrial Average futures had gained 78 points, or 0.2%, while the S&P 500 futures rose 0.2% and Nasdaq Composite futures rose 0.15%. This week’s earnings include: Oracle and Mission Produce on Monday; FuelCell Energy and European Wax Center on Tuesday; and Progressive and Manchester United on Friday. Notable economic events this week include: On Monday, the Treasury Department releases the U.S. budget statement for August. On Tuesday, Apple will hold its virtual product launch, at which it is expected to introduce the iPhone 13; the Bureau of Labor Statistics releases the August consumer price index; and the National Federation of Independent Business will report its Small Business Optimism Index for August. On Thursday, the Census Bureau reports retail sales for August. And on Friday, the University of Michigan publishes its Consumer Sentiment index for September.
Top 5 Energy Stocks To Buy For 2023: Adams Resources & Energy, Inc.(AE)
Adams Resources & Energy, Inc., through its subsidiaries, engages in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production in the United States. Its Marketing segment purchases crude oil, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan and North Dakota. This segment operates 207 tractor-trailer rigs and maintains approximately 120 pipeline inventory locations. The companys Transportation segment transports liquid chemicals on a for hire basis in the continental United States and Canada. This segment operates 324 truck tractors; and truck terminals in Houston, Corpus Christi, Nederland, and Texas, as well as Baton Rouge, Louisiana, St. Rose, Louisiana and Mobile, and Alabama. It also owns and operates 580 tank trailers. The companys Oil and Gas segment explores for and develops oil and natural gas properties primarily in Texas and the south central region of the United States. This segment holds an interest in 513 producing wells, under which 26 are company operated. Adams Resources & Energy, Inc. was founded in 1947 and is headquartered in Houston, Texas.