After gaining on Tuesday, August 23, crude oil started Wednesday, August 24, on a weaker note and dipped lower as the day progressed. At 12:50 PM EDT on Wednesday, the WTI crude oil futures contract for October delivery was trading at $46.72 per barrel, a drop of ~2.9%.
Nabors Industries (NBR), one of the largest land-based drilling operators in the world, has had a steady run in the stock market in 2016.
US retail e-commerce sales, adjusted for seasonal variation, rose by ~15.8% YoY to $97.3 billion in 2Q16, representing about 8.1% of total retail sales.
Antero Midstream Partners (AM) has gained 17.2% year-to-date despite touching its multiyear lows in the beginning of 2016. AM’s 2Q16 EBITDA increased to $87.7 million from $64.6 million in 2Q15, a year-over-year increase of 35.8%.
The semiconductor earnings season is nearing its end, and many companies have shown revivals in growth as they prepare for the holiday season.
The US auto industry has witnessed good times in the past couple of years, igniting a debate about a possible downturn in US auto demand going forward.
AES (AES) has rallied more than 30% since the beginning of 2016. No other US competitive utility holding company has soared that much in the same period.
India has become a very important market for Apple, as the firm has reported declining revenues in China in the last two quarters.
By July 2016, United Continental’s capacity had grown by 0.8% YTD (year-to-date), which is almost half the growth seen in 2015.
On August 23, 2016, the S&P Consumer Discretionary slightly outperformed the S&P Consumer Staples and the S&P 500 as a whole.
The minimal rebound in gold also gave some breathing room to other precious metals, including silver, platinum, and palladium.
In a Bloomberg survey of 28 brokerage companies on August 23, 2016, about 61% of analysts rated Stryker (SYK) as a “buy,” and 28% rated it as a “hold.”
Emerson Electric earned revenues of $22.3 billion in fiscal 2015. About 48% of the company’s fiscal 2015 revenues came from the United States and Canada.
Brinker International’s stock has been soaring since it announced its fiscal 4Q16 earnings, rising by over 14.9% since August 11, 2016.
Gold futures for December expiration fell on Monday, August 22, their third consecutive fall.
Gap (GPS) reported its 2Q16 results after the Market closed on August 18, 2016. It cruised ahead of Wall Street expectations on both its top and bottom lines.
On August 23, the API reported that crude oil inventories rose by 4.5 MMbbls in the week ending on August 19. Inventories were expected to fall by 0.5 MMbbls.
US crude oil futures contracts for October delivery closed at $48.1 per barrel on August 23, 2016. That’s 1.5% above its previous closing price.
NRG Energy (NRG) has lost almost all its gains this year and has corrected more than 30% since early June. Its RSI (relative strength index) reading lingered around 30 in the week ending August 19, 2016.
Seadrill (SDRL) has the highest implied volatility figure among all of the OFS (oilfield services) companies, as of August 23, 2016. Its implied volatility is 113.4%.