McCormick Reports 3Q15 Results: Sales Up, Earnings Down
On October 1, 2015, McCormick (MKC) reported its financial results for 3Q15, which ended August 31. MKC stock fell 7% on October 1, closing at $76.68.
On October 1, 2015, Reuters reported that Mondelēz was looking to divest its cheese and grocery business in its Europe segment.
Sector ETF Analysis
The EIA report for the week ending September 25 showed that US natural gas inventories increased by 98 Bcf, rising to 3,538 Bcf that week.
Atmel (ATML), a US-based manufacturer of microcontrollers, is an active player in developing advanced semiconductors for Internet of Things devices.
Why did some crude tanker companies outperform industry peers while other companies underperformed? In this comparative series, we’ll try to answer that question.
Reynolds ranks sixth among the leading tobacco giants worldwide, based on its net sales in 2014. Reynolds reported net revenues of $8.5 billion in 2014.
As we see platinum prices plunging in the wake of the Volkswagen emissions scandal, gold too has seen its fourth consecutive day of losses.
In this series, we’ll analyze the YTD performance of firms in the Technology, Hardware, and Storage subsector and that are a part of the Technology Select Sector SPDR ETF (XLK).
Housing starts fell from a downward-revised ~1.16 million to ~1.13 million in August 2015. This was below Wall Street estimates of just over 1.16 million.
XLV outperformed the broader market representative SPDR S&P 50 ETF on October 1, 2015. SPY rose by 0.26% , compared with XLV’s 1.01%.
On September 29, 2015, Diamond Foods (DMND) reported its financial results for the fourth quarter and fiscal year ending July 31, 2015.
Global ETF Analysis
The Brazilian real underwent massive depreciation of 1.89% against the US dollar on September 10 after the country’s credit rating went from “investment-grade” to “junk” status the night before.
China, the manufacturing hub of the world, has been recording sluggish growth. China’s August PMI numbers were at 47.3, below the crucial level of 50.
The rout in Chinese stocks was only a matter of time. It’s clear that this wasn’t a bull market due to fundamental reasons.
The Swiss franc depreciated against the US dollar by 0.4% on October 1, 2015, as August retail sales released below expectations.
Income ETF Analysis
All three US equity indices that we review in this weekly series fell in the week ended September 25—the second successive week in which they recorded a fall.
AvalonBay Communities is a REIT focused on developing, redeveloping, acquiring, and managing high-quality apartment communities in high barrier-to-entry US markets.
After months of pursuit, Energy Transfer Equity announced a business combination transaction with Williams Companies on September 28. The transaction is valued at $37.7 billion.