How Precious Metal Mining Stocks Are Performing Mid-May
On a YTD (year-to-date) basis, Sibanye Gold (SBGL), Gold Fields (GFI), and Pan American Silver (PAAS) have risen 15.2%, 23.6%, and 14.2%, respectively.
Randgold Resources has the lowest correlation with gold, while Kinross has the highest correlation.
The ETFS Physical Swiss Gold (SGOL) and the ETFS Physical Silver (SIVR) have risen 8.5% and 4.1%, respectively, on a year-to-date basis as of May 18, 2017.
US Dollar and US Treasury Yields Are Weaker
On May 24, the US Dollar Index pulled back to levels seen during the US presidential election. The US Dollar Index is weaker in the early hours on May 25.
In 1Q17, Comcast’s theme parks had revenues of $1.1 billion, up 9% year-over-year.
In 1Q17, Comcast’s Filmed Entertainment business had revenues of $1.9 billion, a rise of 43.2% year-over-year.
What Wall Street Recommends for Dollar General
Dollar General is currently trading at $70.21, ~38% below its 52-week high price.
Wall Street predicts that Dollar General’s first quarter earnings will contract 2.8% YoY (year-over-year) to $1 per share.
Dollar General’s (DG) stock has failed to reward investors this year.
What Valero Needs to Soar in 2Q17
Valero’s crack indicators have fallen in all of these areas in May 2017 (as of May 23) as compared to April 2017.
In 2Q17 to date, Tesoro’s refining index values, which refer to regional crack indicators in the areas where TSO operates, have shown improvements
MPC’s refining earnings are influenced by the blended LLS 6-3-2-1 crack, the sweet-sour differential, and the LLS-WTI spread.
Intuit Was the S&P 500’s Top Gainer on May 24
After starting the week on a positive note, Intuit opened higher and closed at all-time high price levels on May 24.
On May 24, the S&P 500 started the day higher and regained momentum after the release of the Fed’s meeting minutes at 2:00 PM EST.
Just as early snowmelt or increased rainfall in the Rocky Mountains will swell the Colorado River come springtime, so too do Upstream announcements eventually lead to increased opportunities for midstream…
Nplate and Vectibix Could Contribute to Amgen’s Revenue Growth in 2017
In 1Q17, Amgen’s (AMGN) Nplate generated revenues of ~$154 million, which reflected a year-over-year growth rate of 9%.
In 2016, Amgen’s (AMGN) Neulasta generated revenues close to $4.6 billion, which was a slight drop from its 2015 net sales of ~$4.7 billion.
Amgen’s (AMGN) Kyprolis has gained considerable market share in second-line multiple myeloma (or MM) indication since its launch in 2012.
Deere: Analysts’ Recommendations after Its 2Q17 Earnings
As of May 22, 2017, 39.0% of the analysts recommended a “buy” for Deere stock, 43.0% recommended a “hold,” and 18.0% recommended a “sell.”
Deere’s Construction and Forestry segment reported revenue of $1.46 billion in fiscal 2Q17—an increase of 7.4% compared to $1.36 billion in fiscal 2Q16.
Deere’s revenue growth was primarily driven by improved sales outside the US and Canada. Outside this region, its revenue grew 14% during 2Q17.
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.
A Look at Comcast’s Valuation Metrics
In our view, Comcast is undervalued compared to its peers on a forward EV-to-EBITDA basis.
On May 22, 2017, Comcast (CMCSA) stock closed at $39.47. The company’s stock price has risen 3.4% in the past one-month period and 14.3% year-to-date.
On May 19, 2017, Comcast (CMCSA) was trading 5% above its 100-day moving average.
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%.