Brands Rally

Stocks climbed on Wednesday. Energy brands such as PetroChina, Total, Schlumberger, and ConocoPhillips led the way. Crude oil added 1.7% to settle at $48.79 a barrel following a decline in crude oil inventories. Energy Information Administration figures, released today, showed reserves decreased by 4.2 million barrels last week.

Session Ends in the Red

Indices closed in the red zone on Monday. Energy brands such as Chevron, ConocoPhillips, Schlumberger, and BP led the way down. West Texas Intermediate crude slipped 1.6% today to settle at $47.39 a barrel. Meanwhile, Qualcomm added 0.57% following a Morgan Stanley ratings upgrade to “overweight” from “equal weight.”

Money Talks – July 25, 2015

This week on “Money Talks,” Senior Associate, K.C. Smith, CFP®, joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss second quarter earnings for the market. They also touch on economic news, including the SEMI book-to-bill ratio, mortgages, home sales and jobless claims. Apple’s earnings are also talked about. In this week’s case study, our experts discuss what a daughter and her father need to do to plan for incapacity, as he was diagnosed with early Alzheimer’s this year. The hosts also address listeners’ questions on 401(k) rollovers, Celgene, Artic Cat, SEI Investments, Bank of New York Mellon and Western Digital