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.
In the week ended June 23, 2017, General Motors (GM) stock settled at $34.2 with a weekly fall of ~0.3%.
In the week ended June 23, 2017, the broader market continued to trade on a mixed note. The S&P 500 Index (SPY) ended the week with a rise of ~0.2%.
Costco (COST) saw a decline in its 12-month forward PE (price-to-earnings) multiple, given the downtrend in its stock price.
Although Amazon’s (AMZN) move to acquire Whole Foods (WFM) made analysts cautious about Costco (COST) stock, the majority of analysts covering Costco still maintain a positive outlook.
Most retailers except for Walmart (WMT) are struggling to drive sales amid weak consumer uptake, while Costco (COST) continues to post strong numbers.
It’s surprising to see Costco (COST) stock being the worst hit from Amazon’s (AMZN) announcement about acquiring Whole Foods (WFM) on June 16.
Southern Copper has received a “buy” or equivalent rating from only three of the 13 analysts surveyed by Thomson Reuters.
The consensus view is bullish on Glencore. The stock has received a “buy” or equivalent rating from 18 of the 24 analysts polled by Thomson Reuters.
Freeport is expected to post revenues of $3.8 billion in 2Q17 compared to $3.3 billion in 1Q17.
Freeport-McMoRan (FCX) has fallen 10.8% in 2017 based on its June 23, 2017, closing price.
According to the consensus estimate, analysts expect Teck Resources to post revenues of $2.8 billion Canadian (~$2.1 billion) in 2Q17, a 2.6% fall from 1Q17.
Teck Resources (TECK) is having a dismal 2017. Based on its June 23, 2017, closing price, the stock has fallen 17.4% this year.
Copper prices continued their good run in 1Q17 with the red metal reclaiming the $6,000 per metric ton price level.
Currently, ~72% of Wall Street analysts rate ConocoPhillips (COP) a “buy,” and ~28% rate it a “hold.”
As of March 31, 2017, Encana’s (ECA) total debt stood at ~$5.8 billion.
In 2013 and early 2014, natural gas (UNG) prices were trending higher.
As of March 31, 2017, Marathon Oil’s (MRO) total debt stood at ~$7.3 billion.
As of March 31, 2017, ConocoPhillips’s (COP) total debt stood at ~$25.3 billion.
Crude oil (USO) and natural gas (UNG) have fallen ~76% and ~75%, respectively, from June 2014 to February 2016.