Market Malleable Metal: What Shapes the Price of Gold?
In this series, we’ll see how some indicators are supporting gold prices, and how others—such as US real interest rates—are putting pressure on gold prices.
On May 14, 2015, Symantec (SYMC) declared its fiscal 4Q15 and 2015 earnings results. It missed 4Q15 earnings estimates, and the share price went down 3.5%.
Sector ETF Analysis
June natural gas futures increased by 1.17% on Thursday and settled at $2.94 per MMBtu on May 21. Natural gas prices increased for the first time in last four days.
Dry bulk shipping got a major boost from China’s increased appetite for iron ore and coal almost eight years ago. Large ship orders are driving the current oversupply.
Comcast is the largest pay-TV provider in the US. The company had ~22.4 million video subscribers at the end of 1Q15.
Chipotle Mexican Grill (CMG) is currently trading around $636. The stock tumbled 6% after the April 21 earnings announcement. So should investors be worried?
Spot copper prices on the LME were trading at $6,356 per metric ton on May 15, 2015. Copper lost some heat in the last few trading sessions.
We have some very important economic data for real estate investors this week, particularly for homebuilders.
The US market advanced by 0.31% during the week ending May 15, 2015, on the expectation that the Fed will delay the first rate hike after a series of weak fundamental data reports.
Macro ETF Analysis
What makes the utilities unattractive is the fact that interest rates will likely be rising soon. The utilities require a huge amount of infrastructure.
Stock markets were operating on the bad-news-is-good-news philosophy last week. But with a rate hike looming, these weak indicators may force the Fed to delay the hike.
The consensus of a sudden decrease in supply means the gap between supply and demand will decrease. This supports an increase in crude oil prices.
Income ETF Analysis
Real estate private equity funds have been attracting unprecedented amounts of capital, with assets under management reaching an all-time high of $724 billion.
Sunoco Logistics (SXL) released its 1Q15 earnings on May 6. EBITDA increased year-over-year by $13 million to $221 million but fell short of the $261.7 million estimate.