How Mining Stocks Reacted Yesterday
The start of September was beneficial for precious metals, as most saw up days, However, over the past week, precious metals have been falling, negatively affecting mining stocks.
In this part of our series, we’ll look at the relationships that some miners have with the precious metals they mine.
Chances are that mining stocks closely track changes in precious metals. When investors intend to park their money in miners, there are a few technical indicators they need to analyze.
Key Technical Levels for AutoZone Stock after Its Fiscal 4Q17 Results
On September 19, 2017, AutoZone’s stock price traded on a bearish note at $535.19. The stock posted an all-time high of $819.54 in July 2016.
According to the latest data compiled by Thomson Reuters, 44% of analysts covering AutoZone (AZO) gave its stock “buy” recommendations.
On September 19, 2017, AutoZone’s forward EV-to-EBITDA multiple was 8.0x.
What’s Keeping Analysts on the Sidelines on WMT Stock?
The majority of analysts providing ratings on Walmart (WMT) continue to maintain a neutral outlook on the stock.
Walmart (WMT) continues to generate improved comps and traffic in its US (SPY) segment thanks to the company’s value pricing, multi-channel offerings, and strong digital performance.
In a short timespan, Walmart (WMT) has added several customer-friendly services that are helping it gain market share in the grocery segment despite heightened competition.
Looking at the Price Targets of Top-Yielding SPX Utilities
Public Service Enterprise Group (PEG) has a mean price target of $48.35 against its current price level of $45.60. This indicates a possible gain of ~6.0% going forward.
AES Corporation’s management expects its per-share dividends to grow 8%–10% annually going forward.
FirstEnergy (FE), one of the leading competitive utilities, has not increased its dividends since 1Q14.
How Monetary Policies Could Affect Citigroup and Peers
Central banks are making a coordinated effort to reduce their balance sheets in a bid to prevent market panic. As the Fed has raised rates and is looking to reduce its…
Commercial and investment bankers (XLF) have generated strong trading results over the past couple of years through sales and proprietary trading offerings. Rising markets (SPX-INDEX) (SPY), the Trump administration’s domestic…
Citigroup (C) has expanded its balance sheet thanks to rising deposits and growth in trading assets, which were partially offset by buybacks. The bank has focused on core banking, as…
How Has ZBH Stock Performed Recently?
Zimmer Biomet Holdings (ZBH) has fallen around 0.8% over the last one week.
In 2Q17, Zimmer Biomet Holdings (ZBH) registered a decline of ~5.7% in YoY (year-over-year) operational sales in its dental business.
In July 2016, Zimmer Biomet Holdings (ZBH) acquired LDR Holdings for around $1 billion, which helped strengthen the company’s spine business.
Maxim Group Cut Tsakos Energy Navigation’s Target Price
In week 37, Tsakos Energy Navigation (TNP) released its second-quarter earnings. Maxim Group reduced the target price for Tsakos Energy Navigation.
Since JetBlue Airways’ (JBLU) traffic growth has been lagging behind its capacity growth, utilizations have fallen for the third straight month.
The JetBlue Airways (JBLU) stock is down ~1.6% since September 14.
Markets Started Strong and Finished Solid Last Week
Last week, financial markets opened on a strong note as Hurricane Irma died down and the damage was less than anticipated.
From a sector standpoint, although the banks generally outperformed during the recent weakness, industrials are now at the top of our sector rankings.
These Stocks Are the Top-Performing Large-Cap Telecom Stocks
Telecom stocks, meanwhile, haven’t seen similar returns compared to tech stocks.
Meanwhile, Apple alone has a market cap of over $820 billion, while Apple and Alphabet together have a market cap of ~$1.5 trillion.
In this part of the series, we’ll discuss large-cap tech stocks with the highest year-over-year revenue growth in the latest quarter.
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%.