HollyFrontier (HFC) is expected to post its 3Q16 results on November 3, 2016. In 2Q16, HFC’s revenue surpassed Wall Street analysts’ estimates by 13%.
Mosaic, the fourth-largest potash producer in the world, is set to announce its 3Q16 earnings on November 1, 2016.
California Resources (CRC) is set to report its 3Q16 earnings on November 3, 2016, after the markets close. Analysts expect revenues of ~$437 million, which is ~30.0% lower than 3Q15.
Superior Energy Services (SPN) released its 3Q16 financial results on October 24. The company recorded total revenues of $326.2 million in 3Q16.
In week 42, Teekay Tankers (TNK) and General Maritime Partners (GNRT) traded in negative territory, while other crude tanker stocks had positive returns.
GlaxoSmithKline is set to release its 3Q16 earnings on October 26, 2016. Analysts estimate EPS of 0.29 pounds. GSK stock has risen nearly 3.2% over the last 12 months.
A Bloomberg survey of two brokerage houses on October 24, 2016, reflected a 50% “buy” rating and a 50% “hold” rating for the stock.
Cognizant Technology Solutions (CTSH), a US-based technology company, will announce its 3Q16 earnings on November 2, 2016. Cognizant’s earnings per share are estimated to be $0.84, with a high estimate of $0.86 and a low estimate of $0.82.
After a disappointing first half of 2016, Expedia (EXPE) stock has had a good run in 3Q16. It has risen almost 10.0%.
Southern Company will announce its 3Q16 financial results on October 31, 2016. For the quarter, analysts are expecting the company to report sales of $6 billion.
On October 24, 2016, Shell Midstream Partners (SHLX) had an implied volatility of 57.7%—the highest among the midstream companies that are part of AMLP.
On October 24, the WTI crude oil December contracts closed at $50.52 per barrel. Oil prices fell due to growing doubts about OPEC’s recent deal.
U.S. Steel’s stock rose almost 12% in 3Q16. However, the stock saw extreme volatility during the quarter.
After having a poor start to the week by falling on October 24, crude oil prices are stable in the early hours on October 25.
At the end of the third week of October 2016, the S&P Consumer Discretionary slightly outperformed the S&P Consumer Staples and the S&P 500. The indexes had respective returns of 0.92%, -0.44%, and 0.38%.
Qualcomm (QCOM) has been the talk of the stock market in October 2016, as rumors of the possible acquisition of NXP Semiconductors (NXPI) spread. On October 20, 2016, QCOM’s share price rose 2.5% and NXPI’s share price rose 3.5% after a Bloomberg report stated that the two are close to finalizing a deal.
For 3Q16, Wall Street analysts expect Devon Energy to report revenue of ~$2.7 billion, which is ~26% lower when compared with 3Q15 revenue of ~$3.6 billion.
Tesoro (TSO) is expected to post its 3Q16 results on October 31, 2016. In 2Q16, Tesoro reported revenues of $6.3 billion, which surpassed Wall Street analyst estimates.
Apache (APA) is expected to release its 3Q16 earnings on November 3, 2016.
On October 21, 2016, the S&P Consumer Discretionary slightly outperformed the S&P 500 and the S&P Consumer Staples. The indexes had respective returns of 0.77%, -0.01%, and 0.50%.