Enterprise Products Partners Continues to Attract Investors
The short interest as a percentage of float in Enterprise Products Partners (EPD) stock is 1.5%. It’s higher compared to 1.2% at the end of February 2017.
Enterprise Products Partners is trading at a forward EV-to-EBITDA multiple of nearly 13.9x. It’s lower compared to its four-year average multiple of ~14.9x.
For ONEOK, the short interest is ~18.8 million shares. The average daily trading volume over the last 30 days is ~2.8 million shares.
Short interest as a percentage of float in Kinder Morgan (KMI) stock is 1.4% and has risen from 1.2% at the end of February.
Short interest as a percentage of float in EEP stock is currently 2.6%. This represents a significant rise from the nearly 1.6% at the end of February 2017.
Increased spending and expansion in 2017 Earlier in this series, we discussed IBM’s acquisition of Agile 3 Solutions, which is in line with the company’s focus on cybersecurity and its…
Currently, Ron Baron has ~$300 million in investments and owns ~1.5 million shares in Tesla bought over three years at ~$208 per share.
Emerging markets have done well this year and should continue to attract investor interest around the globe. Latin America is leading year-to-date.
The Barbell strategy involves putting half your portfolio in defensive, low-beta sectors or assets and the other half in aggressive, high-beta sectors or assets.
Investors are stepping back into emerging market bonds after removing billions of dollars from emerging markets in 2016.
Strong investor interest in emerging market debt has continued despite adverse political and economic issues in some countries.
According to a recent BofA Merrill Lynch Global Investment strategy report, emerging markets are expected to grow at a modest pace of 4.7% in 2017.
Negative bond yields in Japan and low Fed funds rates in the United States and the Eurozone were one reason emerging market bonds performed well in 2016.
Short interest in KMI is on the lower side of its average of ~2.5% over the past five years.
On January 17, 2017, Huntsman (HUN) announced the name of its proposed spin-off for its pigments and additives business. It will be called Venator Materials Corporation.
On January 17, 2017, RPM International (RPM) announced that it has acquired Prime Resins. The acquisition will be integrated into RPM’s USL Group.
On January 17, 2017, International Flavors & Fragrances (IFF) announced that it has completed the acquisition of Fragrance Resources. IFF stock rose 1.3% for the week ended January 20, 2017.
Many investors look to the stock performance in January to predict results for the whole year.
Opportunistic tax-loss selling, $46 billion in maturities and coupon payments, and constrained supplies in municipal bonds all point to one thing: the January Effect may be a “slam dunk.”
Treasuries recorded a spike in their yields last year due to the sell-off after Donald Trump’s victory.