Chemours by Valuation: Where CC Stands among Peers
On June 23, 2017, Chemours one-year forward PE (price-to-earnings) multiple was 10.0x, as compared to KRO’s one-year forward PE multiple of 16.30x.
Chemours has $1.4 billion variable interest rate debt. Now that the Fed has begun raising the interest rates, CC’s interest expenses could go up.
Among the eight analysts covering Chemours stock, 75% have issued a “buy” recommendation, while 12.5% have issued a “hold” recommendation.
Could Tesla Stock Continue to Outperform after Its Solid 2Q17?
In the week ended June 23, 2017, Tesla stock rose 3.2% to $383.45. The stock has been trading positively for the last four consecutive weeks.
In the week ended June 23, 2017, Ford Motor Company (F) stock settled at $11.04 with a weekly fall of ~1.6%.
In the week ended June 23, 2017, Fiat Chrysler Automobiles (FCAU) stock turned positive and rose ~2.2% to end the week at $10.84.
How Orange Juice Futures Traded for the Week Ended June 23
During the week ended June 23, 2017, orange juice futures, or FCOJ-A near-month futures prices, ended in negative territory week-over-week.
On average, cotton futures traded lower week-over-week for the week ended June 23, 2017.
In the week ended June 23, 2017, the near-month futures for Sugar No. 11 and No. 5 contracts trended downward, a pattern observed since the beginning of this year.
Energy Snapshot: What Happened on June 19–23, 2017?
McDermott International rose 13.5%—the most in the energy sector on June 16–23, 2017. Gulfport Energy was the second-highest gainer in the energy sector.
As of March 31, 2017, Encana’s (ECA) total debt stood at ~$5.8 billion.
Currently, ~72% of Wall Street analysts rate ConocoPhillips (COP) a “buy,” and ~28% rate it a “hold.”
Financials Overview: Week of June 19–23, 2017
US stocks ended the week with a marginal gain. Weak financials and consumer staples shares eclipsed a rally in the healthcare and biotechnology sectors.
EQT announced its plan to acquire Rice Energy for $6.7 billion. The acquisition would include a cash payment of $1.3 billion and $5.4 billion valued equity.
After falling for three consecutive trading days, the S&P 500 closed positive on June 23. Six out of 11 of the S&P 500’s major sectors closed with losses.
Baxter Is Focusing on Inorganic Growth Opportunities in 2017
Baxter (BAX) has entered into a strategic partnership with ScinoPharm for the development and manufacturing of five generic oncology injectable therapies.
Baxter International has been focused on leveraging both organic and inorganic growth opportunities for its IPS business.
In 1Q17, Baxter’s (BAX) renal segment reported revenues close to $896.0 million, which is an operational growth of around 2.0% YoY.
Canadian National Railway Saw Strong Intermodal Growth in Week 24
Like its freight railcar volumes, Canadian National Railway’s (CNI) intermodal traffic has exhibited a robust rise so far in 2017.
In this final part of our rail freight series, we’ll discuss Canadian Pacific Railway’s overall volumes, including intermodal volumes.
Canada’s largest freight rail, Canadian National Railway (CNI), is undoubtedly the YoY (year-over-year) volume growth superstar of 2017.
How a Trump Presidency Could Impact US Markets
Trump recently attacked Fed rates and even talked about trying to gain more control over the independent body.
We’re nearing the end of August—many investment professionals will be watching markets from the beach. The second revision to Q2 GDP will be out on Friday.
The NAHB Wells Fargo Housing Market Index, which measures homebuilder sentiment, peaked at 71 during the height of the housing bubble in late 2005. It bottomed out at 8 in early 2009.
Valuation Metrics: How Does Netflix Compare to Peers?
On June 23, Netflix (NFLX) had a forward EV-to-EBITDA (enterprise value–to–earnings before interest, taxes, depreciation, and amortization) multiple of 41.4x.
Netflix’s (NFLX) stock price closed at $158.03 on June 23. Netflix is trading 6.1% and 2% above its 100-day and 50-day moving averages of $149.00 and $155.00, respectively.
Netflix’s (NFLX) business model is such that it depends on the Internet for the efficiency of its video streaming service.
Why Is NRG Energy’s Implied Volatility Up?
On February 1, 2017, NRG Energy had the highest implied volatility among the utility companies that make up the Utilities Select Sector SPDR ETF (XLU).
On January 11, 2017, NRG Energy (NRG) had a short interest-to-equity float ratio of 6.7%—the highest among the utility stocks that make up XLU.
NRG Energy rose 45.5% in the past year. It has the highest implied volatility of all the utility companies that make up XLU. In the past week, it rose 8.2%.