For Immediate Release
Chicago, IL – 03/26/2012 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”.
For more Voice of the People, visit https://at.zacks.com/?id=5851
This morning, the United States Gasoline Fund (UGA - Free Report) is once again trading higher. The UGA is climbing by 0.97 cents to $58.09 a share. The move today in the UGA puts it at a new three year high. Gasoline prices at the pump have steadily increased since late December 2011.
The average price of regular unleaded gasoline in the United States is now $3.89 a gallon. Many parts of the country are paying much higher prices, California residents are paying $4.51 a gallon on average. High gasoline prices are a direct tax on the U.S. consumer. Everyone should remember that U.S. consumer spending accounts for 70.0 percent of the gross domestic product (GDP) in the United States.
The popular United States Oil Fund LP (ETF) (USO - Free Report) is trading higher by 0.48 cents to $40.65 a share. This daily chart is still very strong by trading above the important 50 and 200 moving averages.
The other popular trading vehicle for oil is the iPath S&P GSCI Crude Oil Total Return (OIL - Free Report) . The OIL is trading higher by 0.38 cents to $26.92 a share. Higher oil prices will affect the global economy sooner or later.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit https://at.zacks.com/?id=5957
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to https://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock
People & Picks Manager