In June 2016, housing starts rose from 1.1 million to ~1.2 million. We also saw increases in both single-family and multifamily starts.
The Federal Reserve could wait until the fourth quarter of 2016 before raising interest rates. As the precious metals are non-yield-bearing assets, the possibility of a rate hike can negatively impact them.
At 6:15 AM EST on July 26, the West Texas Intermediate crude oil futures contract for September delivery was trading at $42.73 per barrel—a drop of ~0.93%.
After starting the day on a weaker note, crude oil fell lower as the day progressed on July 25. It ended the day at the lowest level since April 25.
The German business survey report for June was published by the Munich-based Ifo Institute for Economic Research on July 25, 2016.
D.R. Horton (DHI) reported 3Q16 revenue of $3.1 billion, a 10% increase on a YoY (year-over-year) basis and a sequential increase of ~17%.
Analysts estimate that AstraZeneca’s revenues for 2Q16 will fall by over 11% to $5,578 million.
Oasis Petroleum (OAS) is expected to release its fiscal 2Q16 earnings on August 3, 2016. Oasis Petroleum’s 2Q16 revenue estimates are lower than its revenue for the previous quarters.
SM Energy (SM) is set to report its 2Q16 earnings on August 2, 2016, after the Market closes. For 2Q16, Wall Street analysts expect SM Energy to report revenues of ~$337 million, which is ~24% lower than its 2Q15 revenues of ~$441 million.
Concho Resources (CXO) is expected to release its fiscal 2Q16 earnings on August 3, 2016.
Given the spectacular rally in the steel space this year, investors have high hopes for steel companies. However, it’s been a lackluster earnings season so far for the steel sector (XME).
After the release of its 2Q16 earnings results on July 21, 2016, Biogen’s share price rose by about 7.6% compared to its closing price on the previous day
First Solar (FSLR) is expected to announce its 2Q16 earnings results on August 4, 2016, after market hours.
Devon Energy (DVN) is set to report its 2Q16 earnings on August 2, 2016, after the market closes.
EQT Midstream Partners (EQM) and its general partner, EQT GP Holdings (EQGP), are scheduled to release 2Q16 earnings on July 28, 2016.
Italian luxury supercar maker Ferrari (RACE) is set to release its 2Q16 earnings on August 2, 2016. The company separated from Italian-American automaker Fiat Chrysler Automobiles (FCAU) earlier this year.
The US (SPY) Motorola Solutions (MSI) will announce its 2Q16 results on August 3. Here’s what you need to know.
Newfield Exploration’s 2Q16 revenue estimates are higher than its revenue for the previous quarters. For 2Q16, its revenue estimate is ~$401 million.
On July 22, 2016, the S&P Consumer Discretionary slightly outperformed the S&P 500 and the S&P Consumer Staples.
Carlyle Group’s (CG) stock has fallen by 42% in the past year but has shown improvement over the past six months, rising by 23.5% on improved sentiment.