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Markets Reversed on June 28: Is the Rebound Sustainable?

The U.S. Bureau of Economic Analysis published the final 1Q16 GDP figures on June 28, 2016. The GDP rose by 1.1%—above the forecast of 1.0%.

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The Brexit Effect: Demand for Safe-Haven Treasuries Soars

US Treasury yields mostly fell across the yield curve last week after the United Kingdom voted surprisingly to leave the European Union.

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What Are Some Upstream Stock Options after Brexit?

The referendum on June 23 caused the dollar to rise. Needless to say, a stronger dollar put pressure on crude oil prices.

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Brexit: Will There Be Turbulence in the Travel and Tourism Industry?

Although the entire market was down, the travel industry, specifically airlines, faced most of the impact. American Airlines was the biggest loser—it fell by ~11%.

RECENT RESEARCH

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Which Fundamental Drivers Are Impacting Crude Oil's Downturn?

US crude oil active futures contracts were at $47.85 per barrel on Tuesday, June 28, 2016—6.6% below its 2016 high of $51.23 on June 8, 2016.

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Monday’s Consumer Pops and Drops: PCAR, MDLZ, and PEP

On June 27, 2016, the S&P Consumer Staples Index slightly outperformed the S&P 500 and the S&P Consumer Discretionary Index. The indexes had respective returns of -0.24%, -1.8%, and -1.9%.

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The Case-Shiller Index Is 10% below Its 2006 Peak

In April, the Case-Shiller Index rose by 1% month-over-month. It’s up by 5.4% YoY. Prices are still about 10% below the peak set in the summer of 2006.

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An In-Depth Analysis of Newfield Exploration

Wall Street analysts’ consensus estimate for Newfield Exploration’s (NFX) revenue was ~$341 million. NFX’s 1Q16 revenue was ~5% higher than its 1Q15 revenue of ~$349 million.

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Global Markets Relaxed from Brexit Fears on June 28

After sliding since Friday, June 24, due to Britain’s vote to leave the European Union, crude oil prices started to recover from the Brexit-created lows.

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Apple's Guidance for the June Quarter: As Bad as It Seems?

According to Apple’s guidance for the June quarter, the company’s revenues could decline by 13% to 17% year-over-year.

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Brexit Aftermath: Which Integrated Energy Stock Looks Best?

Brexit’s impact on the integrated energy sector stocks was widespread. Among the integrated energy stocks, Chevron (CVX) was the least impacted.

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How Will Brexit Affect Pharmaceutical and Biotechnology Stocks?

Post-Brexit forecasts resulted in downward pressure on the British pound, which has impacted biotechnology companies.

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Friday’s Consumer Pops and Drops: FCAU, DLPH, PM, and MO

On June 24, 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary as a whole.

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What's in Store for AT&T?

At the recent Wells Fargo Convergence & Connectivity Symposium, AT&T’s president of technology operations said, “rest assured, we’re doing anything anybody else is doing in 5G.”

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Taking the Pulse of the Variables Affecting Iron Ore Prices

Iron ore prices and iron ore miners tumbled following the Brexit vote, but they rebounded in the days following the referendum.

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Could Brexit Change the Bullish Momentum for Crude Oil Prices?

August West Texas Intermediate crude oil futures contracts fell by ~2.8% and settled at $46.33 per barrel on Monday, June 27, 2016. Prices fell for the second day due to the aftermath of the Brexit vote on June 24.

Year-to-Date Change in Price for Dish Network, its Peers and the SPDR S&P 500 ETF
How Dish Network Can Negotiate the Media Industry Landscape

On June 24, 2016, Dish Network’s (DISH) stock closed at $50.59. It has fallen by 12% year-to-date. In this series, we’ll look at the factors that could impact Dish Network’s stock price, including the company’s wireless spectrum strategy.

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United Continental 2Q16 Earnings Preview: What to Expect

United Continental (UAL) is expected to announce its 2Q16 earnings on July 21, 2016. According to Bloomberg consensus, 70.6% of analysts have given the stock a “buy” recommendation.

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What to Expect from Delta's 2Q16 Results

According to the Bloomberg consensus, 93.3% of the analysts tracking Delta Air Lines (DAL) have a buy recommendation on the stock.

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The CHMP's June Results: Positive and Negative Recommendations

The European Medicines Agency’s CHMP (Committee for Medicinal Products for Human Use) prepares opinions on the quality, safety, and efficacy of medicines.

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How Fertilizer Prices Moved in the Week Ended June 24

For the week ended June 24, 2016, the S&P 500 rose slightly by 0.85% compared to the previous week. The overall week was mixed for fertilizer producers.

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Key Events in the Consumer Sector in the Fourth Week of June

At the end of the fourth week of June 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary as a whole.

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Midstream Companies: A Look at Implied Volatility, Short Interest

As of June 27, 2016, Enable Midstream Partners (ENBL) had the highest implied volatility among all the midstream companies.

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What Surprises Might We See in PPG Industries' 2Q16 Earnings?

As of June 21, PPG’s consensus 12-month target price was $125, which represents a potential return of ~15% from its closing price of $108.06 on June 21.

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