Insys Led IBB’s Mid-Cap Stocks
Insys Therapeutics (INSY) gained 8.1% on November 23, 2015. The stock gained on high trading volume of ~1.3 million shares.
AMGN closed at $162.47 and was trading at 3.9% above its 100-day moving average of $156.45. The stock also witnessed high trading volumes.
The iShares Nasdaq Biotechnology ETF (IBB) rose ~0.75% on November 23. IBB closed at $335.92 and was trading 1.8% higher than its 20-day moving average price of $330.
For the week ended November 20, 2015, PRB (Powder River Basin) spot coal prices came in at $9.55 per ton, down from $9.67 per ton at the end of the previous week.
According to the EIA’s (U.S. Energy Information Administration) estimates, US coal shipments remained at 16.5 million tons during the week ended November 6, 2015.
Electricity generation in the United States increased marginally to 69.3 million MWh (megawatt-hours) in the week ended November 13, 2015.
US electricity generation rose 1.1% to 69.3 million MWh (megawatt-hours) in November 13, 2015, over the previous week’s 68.6 million MWh.
Crude oil prices remained almost steady during the week ended November 20, 2015.
Henry Hub benchmark natural gas prices saw an uptick during the week ended November 20, 2015.
For the week ended November 13, 2015, natural gas inventory came in at 4,000 Bcf (billion cubic feet) compared to 3,985 Bcf a week earlier.
Upstream is a capital-intensive industry. Low cash flow increases a company’s chances of being caught in a vicious cycle of debt-raising and refinancing.
The average cost of production per BOE for was $14.09 for the largest E&P companies at the end of 2014, representing a decrease of 3% compared to 2013.
After the FOMC’s meeting on October 28, the stock of upstream companies fell by 8% as of November 23.
As of November 23, 2015, the 100-day moving averages of many upstream companies’ stocks showed strong resistance.
Most upstream companies hedge their production to avoid the effects of changes in prices of crude oil and natural gas.
Sprint generated $7.5 billion in revenue from its wireless segment during fiscal 2Q15 and $609 million in wireline revenue during the same quarter.
Based on the RootMetrics results, among the top four US wireless carriers, Sprint’s call performance rank improved two places in 2H15.
Among the top four wireless carriers in the US, Sprint shared the first-place spot with T-Mobile in the overall network performance metric in 2H15.
Sprint’s press release on November 16, 2015, mentioned the carrier’s top position in network speed and data performance as per RootMetrics results.
Among the top four US wireless carriers, Sprint and T-Mobile shared first place in overall network performance in the Corpus Christi market in 2H15.