Phosphate Gross Margins: Comparison of Key Players in 3Q17
Mosaic (MOS) had a gross margin of 9% in 3Q17, compared to 11% in 3Q16.
Similar to nitrogen prices, phosphate prices also failed to move meaningfully in 3Q17. The median sales price growth for three phosphate producers was 1% YoY (year-over-year).
Compared to the potash and nitrogen segments, the phosphate segment had the weakest performance for fertilizer companies (XLB) in 3Q17.
3Q17 Results Sneak Peak: Gap Shows More Strength
Gap (GPS) reported total revenue of $3.8 billion in 3Q17, beating the consensus estimate by $80 million, the sixth straight top-line beat for the company. Year-over-year, its top line improved…
San Francisco–based Gap (GPS) reported its results for 3Q17 on November 16, 2017.
Gap (GPS), which reported its 3Q17 results on November 16, reported adjusted diluted EPS (earnings per share) of $0.58, topping the consensus expectation by $0.04. Its EPS, however, fell 3.3% YoY…
How Analysts Reacted to Walmart’s Strong 3Q Results
Walmart (WMT) reported strong fiscal 3Q18 results, and several analysts raised their target prices on the stock. Jefferies increased its target price to $110 from $105.
Walmart’s (WMT) profit margins continue to slide despite the company’s improving sales led by higher traffic and average ticket size.
Walmart’s (WMT) Sam’s Club once again posted healthy top-line growth, driven by the company’s multichannel offerings and focus on e-commerce.
Where Wall Street Thinks W&T Offshore Can Trade in a Year
As of November 16, 66.66% of analysts covering W&T Offshore (WTI) have a “hold” recommendation on the stock. As of November 16, 2017, Reuters reported that only three analysts have recommendations on WTI.
For 3Q17, W&T Offshore (WTI) reported total production (USO)(UNG) of ~3.35 MMboe (million barrels of oil equivalent), which was at the lower end of the mid-point of WTI’s 3Q17 production guidance range of 3.30–3.70 MMboe.
For 3Q17, W&T Offshore (WTI) reported revenues of ~$110 million—higher than Wall Street analysts’ consensus of ~$120 million.
Berkshire Hathaway Sold These Positions in 3Q17
Berkshire Hathaway’s top sells in 3Q17 included IBM (IBM), Wells Fargo (WFC), Charter Communications (CHTR), and Wabco Holdings (WBC).
Wells Fargo (WFC), Kraft Heinz (KHC), Apple (AAPL), Coca-Cola (KO), and Bank of America (BAC) were the top five holdings of Berkshire Hathaway’s portfolio in 3Q17.
Legendary value investor Warren Buffett trimmed his position in IBM (IBM). According to the recent 13F filing, Buffett’s firm Berkshire Hathaway (BRK-B) cut its holdings in IBM in 3Q17.
Behind JNJ’s Recent Stock Price Performance: Is More Growth Coming?
Johnson & Johnson (JNJ) has seen a few disappointing quarterly performances, but on October 17, when JNJ announced its 3Q17 results, the stock gained 3.4%.
According to the latest survey, 12 (~52.2%) analysts recommend a “buy” for JNJ stock, while eight (~34.8%) recommend a “hold,” and three recommend a “sell.”
The impact of pricing on Johnson & Johnson’s (JNJ) overall sales in 3Q17 came in at around -2%.
What Analysts Recommend for Teekay Tankers after 3Q17
On November 13, 2017, Deutsche Bank reduced the target price for Teekay Tankers to $2 from $5.
In the third quarter conference call, Teekay Tankers (TNK) gave updates on TNK’s merger with Tanker Investments (TIL).
Teekay Tankers (TNK) generated a net operating cash flow of $66.9 million in the first nine months of 2017, which was 63% lower than the $180.6 million in the same period last year.
Is the Drop in September Building Permits Cause for Concern?
In September 2017, building permits were at a seasonally adjusted annual rate of 1.215 million—a fall from August’s 1.272 million and 4.3% below September 2016.
In September 2017, US housing starts fell from an upwardly revised August number of 1.183 million to 1.127 million units—a negative surprise.
This week, Fed Chair Janet Yellen and the FOMC rolled out the plan to start shrinking the Fed’s massive $4.5 trillion debt with a T balance sheet.
What the Analysts’ Price Targets for QCOM and AVGO Tell Us
Wall Street analysts raised their consensus price target for QCOM from $60 in October 2017 to $64 in November 2017.
The semiconductor industry is undergoing a major transition, moving beyond smartphones and PCs to industrial automation and machine learning.
Broadcom climbed the ladder through acquisitions, while Qualcomm climbed the ladder through its technology advantage in the smartphone industry.
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%.