Department Stores Looking for Opportunities Beyond the US
Facing heavy competition from online retailers, US department store sales have declined recently. Department stores are looking for growth opportunities in international markets.
American Express competes in the global payments industry with charge, credit, and debit card networks, issuers and acquirers, as well as evolving alternative payment providers.
Sector ETF Analysis
Natural gas futures for July delivery slumped by 4.95% on Thursday. Natural gas prices declined due to rising inventory data. It continued its losing streak.
CSX (CSX) is headquartered in Jacksonville, Florida. It provides an important link to the transportation supply chain through an ~21,000-mile rail network.
On May 21, Hewlett-Packard (HPQ) declared its fiscal 2Q15 earnings results. Its fiscal 2Q15 revenue of $25.45 billion missed analysts’ estimates by $180 million.
The ICSC–Goldman Sachs Weekly Retail Chain Store Sales Index and the Johnson Redbook Index are two significant economic indicators that follow retail sales trends.
Iron ore prices rallied close to 30% in May to reach a peak of $63 per ton on May 13. However, after that, they started a downward march once again.
The Federal Housing Finance Agency House Price Index only looks at houses with mortgages guaranteed by Fannie Mae and Freddie Mac.
US equities (SPY) advanced alongside European equities (EFA). Meanwhile, emerging market equities (EEM) declined in the week ending May 22, 2015.
Macro ETF Analysis
Modi promised systemic changes in the way India goes about its business. These changes, he assured, would get India to its deserved place in the world—socially and economically.
The main goal of the iShares Multi-Asset Income ETF is to deliver high current income, while also providing diversification benefits and maintaining long-term capital appreciation.
June gold futures contracts increased marginally by 0.19% and closed at $1,188.80 per ounce on May 28, 2015. Gold prices increased marginally.
Income ETF Analysis
We have some important real estate data this week. If GDP does turn out to be almost a 1% contraction, it’s hard to see how the Fed could raise rates in June.
Crestwood Midstream Partners (CMLP) released its 1Q15 earnings on May 6. Its major announcement was the merger of CMLP and Crestwood Equity Partners (CEQP).