US markets were trading on a higher note on May 25, 2016, as crude prices continued to rise following a sharper-than-expected decline in inventory figures. A fall in crude inventories indicates higher demand for crude prices, which led to a rally in oil futures yesterday.
Oil prices have recovered from their January lows, but offshore drillers still haven’t seen any relief. Offshore drilling activity is at its lowest level since the 1980s.
Crude oil continued to trade at seven-month highs on Wednesday, May 25, 2016, as better-than-expected crude oil inventory data supported the sentiment.
Concho Resources’ stock was very volatile in 2015. However, due to the recent rally in crude oil prices, Concho’s stock has been on an uptrend in 2016.
The BDTI (Baltic Dirty Tanker Index) stood at 731 on May 23, 2016. For the week ended May 20, 2016—week 20—the BDTI rose to 744 from 732 at the beginning of the week.
After trading weaker in the early morning hours on Tuesday, crude oil recovered and inched up higher.
Because fertilizer prices are the biggest factor impacting the performance of fertilizer companies, investors must track fertilizer prices regularly.
In this series, we’ll take a look at some macro indicators that Freeport investors should track. They should help you understand what lies ahead for the company in this volatile year.
Gold futures for June expiration slipped yet another day on May 23, 2016—the fifth straight day of decline for the precious metal. Gold closed 0.11% lower and ended the day at $1,251.50 per ounce.
Payment processors are seeing major changes in 2016, including increased competition on pricing and the adoption of new technologies such as wearables.
Texas Instruments (TXN) has increased its exposure in the automotive, industrial, and communications segments, which accounted for 64% of the company’s revenue in fiscal 1Q16.
The VanEck Vectors ETF (GDX) has risen 71% year-to-date. The rise in GDX was led by senior gold miners like Barrick Gold (ABX), Goldcorp (GG), and Kinross Gold (KGC).
In the last six trading sessions from May 17–24, 2016, WTI crude oil rose 0.64%. It closed at $48.62 on May 24, 2016. That’s the highest level so far in 2016.
In this series, we will perform a comparative analysis of downstream solar companies’ 1Q16 earnings and SunPower’s downstream operations. We will take a close look at its management’s guidance and analyst expectations for 2016.
Investment-grade bond yields jumped in the week ending May 20 as the FOMC (Federal Open Market Committee) minutes indicated that the Federal Reserve may go ahead with a rate hike in June.
After Ocean Rig (ORIG) released its first quarter results on May 20, 2016, the stock rallied to $2.20 from its previous day’s close of $1.80, a 22% rise in one day.
Altice signed the agreement for the acquisition of Cablevision in September 2015. The transaction was Altice’s second expansion in the US cable industry.
Toll Brothers (TOL) reported fiscal 2Q16 revenues of $1.1 billion. Deliveries in the second quarter rose 31% in dollar terms and 9% in units.
Richard Bernstein spoke with CNBC’s Michael Santoli about what drives stock markets. He noted that his firm employs a top-down, macro research approach.
On May 22, Netflix’s stock price closed at $92.49. The company’s stock price has fallen by 20.3% year-to-date and 3% in the past month.