In the tenth week of 2017, BNSF Railway’s (BRK-B) overall intermodal traffic rose 11.5% on a YoY (year-over-year) basis to ~96,000 containers and trailers.
BNSF Railway (BRK-B) operates in the Western United States and competes primarily with Union Pacific (UNP).
In the week ended March 11, 2017, Union Pacific (UNP) hauled over 68,000 containers and trailers as compared to ~64,000 plus units in the corresponding week of 2016.
In recent weeks, CSX’s intermodal traffic had been on an upward path. However, in the week ended March 11, 2017, CSX’s (CSX) total intermodal traffic dropped 3%.
In the Western United States, Union Pacific (UNP) competes with BNSF Railway, which is owned by Berkshire Hathaway (BRK-B).
In the week ended March 11, 2017, CSX’s (CSX) overall railcar volumes contracted 3% YoY (year-over-year).
In the week ended March 11, 2017, NSC’s overall railcar volumes rose 3%.
Norfolk Southern’s (NSC) total intermodal traffic rose 2.4% in the week ended March 11, 2017.
During the tenth week of 2017, US rail traffic (BRK-B) rose 4.4% YoY (year-over-year) to ~511,000 railcars.
China’s (MCHI) auto sales for the first two months of 2017 were 8.8% higher than sales for the same period in 2016.
In February 2017, China’s manufacturing PMI, a key indicator of the country’s economic health, was 51.6, which was slightly higher than 51.3 in January 2017.
China’s total exports fell 1.3% YoY (year-over-year) in February 2017, which was worse than the 14.0% rise estimated by a Bloomberg survey.
China has released its key economic data for February 2017. The information is crucial for assessing the outlook of the crude oil tanker industry.
The correlation coefficient between Schlumberger’s stock price and crude oil prices from March 2016 to March 2017 is 0.62.
Short interest in SLB stock as a percentage of its float was ~1.0% as of March 17, 2017, which reflects a fall from its level on December 30, 2016.
Implied volatility On March 17, 2017, Schlumberger’s (SLB) implied volatility was 16.6%. Since its 4Q16 financial results were announced on January 20, Schlumberger’s implied volatility has fallen from 17%. IV…
In the past year, SLB stock has risen 7% as of March 17, 2017. During that period, SLB has underperformed OIH, which has risen 11%.
The correlation coefficient between Weatherford International’s stock price and crude oil prices from March 2016 to March 2017 is 0.43.
Short interest in Weatherford International (WFT) stock, as a percentage of its float, was 12.1% as of March 17—compared to 10.5% as of December 30, 2016.
Weatherford stock will likely close between $6.64 and $5.66 in the next week. Weatherford’s stock price was $6.15 on March 17, 2017.