IBM (IBM) announced in February 2017 that H&R Block was deploying Watson to its 70,000 tax professionals with the aim of eliminating human errors in tax filing.
Microsoft (MSFT) could become a victim of the artificial intelligence partnership IBM (IBM) and Salesforce (CRM) struck in early March 2017.
Intel is looking to mitigate the integration risk by integrating its Automated Driving Group with Mobileye instead of integrating Mobileye into its business.
Intel (INTC) missed out on the mobile revolution, so now it’s trying to catch up, investing in areas such as autonomous cars and artificial intelligence.
The key risk Intel faces with the Mobileye acquisition is that Mobileye could fail to create an autonomous driving solution in time.
Since Intel is a data company, the autonomous car would become its fastest-growing market with an estimated market of more than $70.0 billion by 2030.
Analysts are criticizing the Intel-Mobileye deal. They think the acquisition price is too high and the synergies from the merger are too low.
On March 13, 2017, Intel announced an all-cash deal of $15.3 billion to acquire Mobileye (MBLY), an Israel-based assisted-driving systems supplier.
At ~67.9%, XOP showed the highest correlation with US crude oil among energy ETFs peers from February 16, 2017, to March 16, 2017.
Among the SPDR ETFs, the Utilities Select Sector SPDR Fund (XLU) rose the most, climbing ~1.5% from March 9, 2017, to March 16, 2017.
From March 9, 2017, to March 16, 2017, the United States Natural Gas ETF (UNG) fell 2.2%. Natural gas futures fell 2.4% during the same period.
From March 9, 2017, to March 16, 2017, the United States Oil ETF (USO) fell 1.6%. In the trailing week, WTI crude oil April futures fell 1.1%.
On March 16, 2017, US crude oil futures contracts for April delivery closed at $48.75 per barrel—a ~0.2% fall over the previous trading session.
On March 16, 2017, Alon USA Energy (ALJ) had the highest short interest-to-equity float ratio among our list of integrated energy and refiner stocks.
CVR Refining (CVRR) fell the most in the last five trading days. On March 14, 2017, its stock fell 1.9%, while its implied volatility rose 3.6%.
Calumet Specialty Products Partners’ implied volatility was 54.3% on March 16, 2017. It was ~8% lower than its 15-day average.
NRG Energy had risen 32.4% in the past year as of March 15, 2017. It had the highest implied volatility of all the utility companies that make up the Utilities Select Sector SPDR ETF.
On March 15, 2017, PPL Corporation (PPL) had a short interest-to-equity float ratio of 16.4%, the highest among the utility stocks that make up the Utilities Select Sector SPDR ETF (XLU).
On March 15, 2017, NRG Energy (NRG) had the highest implied volatility among the companies that make up the Utilities Select Sector SPDR ETF (XLU).
The oil rig count is an important factor to watch to understand what’s driving natural gas prices. It could be a major bearish catalyst for natural gas.