Weekly Wrap: OPEC Cuts; AT&T Fails to Wow
Oil soared this week after the OPEC deal while AT&T's new TV service is unlikely to usher in a revolution. Plus, two undervalued tech firms.
Jeremy Glaser: Oil soars, AT&T doesn't rock the industry, and are there values in software and IT? This time on the Morningstar Weekly Wrap.
After months of discussion and negotiation, OPEC agreed to reduce oil production. The cuts, which represent around 1% of global production, sent the price of crude and shares of oil producers soaring this week. The jury is still out on how successfully the cartel will execute these cuts and what the true long-term effect on prices will be.
Jeremy Glaser has a position in the following securities mentioned above: DIS. Find out about Morningstar’s editorial policies.