Financials Overview: Week of June 12–16, 2017
On June 12, 2017, the White House issued recommendations to relax banking regulations due to a significant improvement in the financial system and renewed economic growth.
Of the 24 analysts following Panera, none are recommending a “sell,” while 12.5% are recommending a “buy,” and 87.5% are recommending a “hold.”
As of June 14, 2017, Shake Shack was trading at a PE multiple of 69.1x compared to 60.7x before the announcement of its 1Q17 earnings.
The financial sector boosted US stocks last week even as the market continued to trade sideways in the absence of major new economic data.
Financials took a hit in the week of May 29–June 2, 2017, with the S&P 500 Financials Index falling 0.80% compared to a rise of 1.0% in the S&P 500.
During his campaign, President Trump expressed that he would abolish the EPA. He thinks that the EPA hampers business by regularly issuing new laws.
President Trump’s economic stimulus policy and an increase in infrastructure investment are expected to have a positive impact on US GDP growth.
The US pharmaceutical sector is made up of different areas geared toward the development, production, and marketing of drugs. Let’s take a look at some of the sector’s 1Q17 mergers and acquisitions.
Global recovery and resilient domestic demand are expected to support Eurozone (EZU) (FEZ) recovery in 2017.
According to a TransOil report for week 13, bunker fuel prices will strengthen at the beginning of next week.
The start of week 13 wasn’t impressive for the VLCC market since the supply and demand imbalance was at a multiple week high.
Frontline (FRO) and Euronav (EURN) traded in negative territory in week 13. All the other crude oil tanker stocks traded in positive territory.
Snapchat (SNAP) was the first major venture-backed technology IPO (initial public offering) in 2017. It sold ~200 million shares to raise ~$3.4 billion.
Equity market indexes across the United States are surging and recording all-time highs. The volatility index is also falling, which could be a good sign for IPO activity in 2017.
Since the beginning of 2017, the Dow Jones Industrial Average and the NASDAQ have risen ~4% and 10%, respectively, as of March 31, 2017.
The technology sector’s growth has mostly been driven by consumers from others sectors, as they depend on technology to facilitate their smooth functioning.
In the past three months, utility stocks have rallied nearly 6%—marginally ahead of broader markets.
Previously, we discussed mixed opinions on the Eagle Ford Shale. Let’s now look at crude oil price expectations. In its March STEO (Short-Term Energy Outlook) report, the EIA (U.S. Energy…
In the previous two parts, we discussed interest in the Eagle Ford Shale in 2017. Companies, mostly newer players, are either increasing drilling activity or acquiring acreage positions in the…
On January 12, 2017, Anadarko Petroleum (APC) announced that it would be selling its Eagle Ford assets to Sanchez Energy (SN) and The Blackstone Group for a total of ~$2.3…