Assessing Institutional Investor Activity in Top Transport Stocks
So far this year, institutional investor 13F filings reveal increased allocations toward C.H. Robinson Worldwide (CHRW) and Landstar System (LSTR).
The state of the trucking industry provides a good basis for assessing the health of the economy, as motor carriers move over two-thirds of freight transported in the US.
Over the last week, air freight and courier service providers registered the largest gains among subindustry groups within the iShares Transportation Average ETF (IYT).
ETFs tracking the performance of the transportation sector in the US, namely the iShares Transportation Average ETF (IYT) and the SPDR Transportation ETF (XTN), rose over the last week.
Russia and Saudi Arabia will have to offer more competitive prices in order to maintain market share in China. This implies that the Saudis may cut prices soon for crudes to Asian refiners.
Oil giant Royal Dutch Shell reported a 2Q15 profit of $3.4 billion, a 33% fall from $5.1 billion over 2Q14 using a current cost of supplies basis.
BP has reported a 2Q15 loss of $5.8 billion. The company attributed the losses to charges involved in the Gulf of Mexico oil spill in 2010 and low crude oil prices.
According to Bloomberg, there was a 34% fall in small-cap shares over the past three months. The stocks saw a 24% fall since June 26, a series of losses over four straight weeks.
The 13F filings of major institutional asset managers for the second quarter of 2015 offer a gloomy picture for Brazil.
US refiners have profited from access to cheaper crude oil inputs. But a series of refinery projects being ramped up in Latin America could stall exports.
Wood Mackenzie research shows that the oil majors have deferred more than 45 significant oil and gas projects since the beginning of the crude oil price collapse last year.
Consol Energy posted a net loss of $603 million for 2Q15, which translates to a loss of $2.64 per diluted share. In 2Q14, the company posted a net loss of $25 million.
The coal subsector within the Energy Select Sector SPDR ETF (XLE), represented solely by Consol Energy (CNX), rose by 2.5% last week.
Morgan Stanley analysts Haythem Rashed and Martijn Rats presented a series of premises prevailing in the market regarding a possible rebound in oil prices.
With sanctions against Iran slowly going away, there are indeed opportunities for US and European oil companies in Iran.
As per data from the U.S. Commodity Futures Trading Commission, hedge funds and other asset managers have turned extremely bearish on oil prices.
Oil and gas drilling firm Chesapeake Energy (CHK) is cutting its common stock dividend in order to maintain capital expenditure in the wake of a sharp nosedive in energy prices.
While oil drillers are reeling from a free fall in crude oil prices, refiners such as Phillips 66 (PSX) and Valero Energy (VLO) are churning out healthy margins.
Default rates for the high yield energy sector rose with two more E&P (exploration and production) firms filing for Chapter 11 bankruptcies.
Carl Icahn believes that the high yield bond market is becoming riskier than ever. Icahn asserted that if a correction were to occur in the junk bond market, it is likely to be massive.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.