3Dollars: May 15, 2017


The markets responded well to international news, led by oil. Here’s what we know…

$1 Russia and Saudi Arabia agreed to extend oil output limits through 2018, potentially propping up future oil prices. Oil stocks led the way to records today.

$2 A major hack occurred last week on multiple businesses, the health care system in the UK, and other targets. The tool is purportedly a stolen resource from the NSA. As a result, cyber security firms like Fireeye ($FEYE) had a great day.

$3 In a bit of interesting news, financial reports from Berkshire Hathaway show the insurance giant reducing its position in IBM ($IBM) and increasing its stake in Apple ($AAPL).  Mr. Buffett must see more room to run for the tech giant.

That’s all for now

-Joe

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