Despite being a much younger company than legacy automakers such as General Motors (GM), Ford, and Fiat Chrysler (FCAU), Tesla has gotten a great deal of fanfare in recent years.
As part of Obamacare, a medical device tax of 2.3% has been implemented on medical device companies in the United States.
In the past 12 months, Qualcomm stock has risen 6.6%, whereas the S&P 500 Index has risen 15.7%. While Qualcomm has underperformed the market, its peers have outperformed.
On May 15, 2017, DISH Network (DISH) stock closed at $61.51. It’s risen 6.2% YTD (year-to-date), and it’s fallen 4.5% since its 1Q17 earnings were announced on May 1, 2017.
Shares of Electronic Arts (EA) rose 14.6% last week. EA announced its fiscal 4Q17 results on May 9, 2017, and reported revenue of $1.5 billion, a rise of 16.7% year-over-year.
Shares of NVIDIA (NVDA) rose 23% in the week ended May 12, 2017. The company reported revenue of $1.94 billion, compared to analysts’ consensus estimate of $1.91 billion.
Snap released its first quarterly results as a publicly traded company last week, reporting revenue of $149.6 million.
Shares of telecommunications company Frontier Communications (FTR) fell 17% in the week ended May 12, 2017, after the company announced its 1Q17 results.
Shares of Yelp (YELP) fell almost 20% in the week ended May 12, 2017, after the company announced its 1Q17 results and provided weak guidance for 2017.
Williams Companies (WMB) is currently trading below its peer average EV-to-adjusted EBITDA multiple of 13.3x.
Short interest in Williams Companies (WMB) as a percentage of float has come down to ~1.3% compared to ~1.4% in the previous week.
Williams Companies’ (WMB) 30-day implied volatility of 23.2% is higher than the sector average of 16.3%.
Williams Companies (WMB) rose 0.2% during the week ended May 12, 2017. WMB outperformed the Alerian MLP ETF (AMLP) and the SPDR S&P 500 ETF (SPY).
The correlation coefficient between Weatherford International’s stock price and crude oil prices from May 12, 2016, to May 12, 2017, was 0.47.
Weatherford International’s (WFT) short interest as a percentage of its float was 14.9% on May 12, 2017, compared to ~14% on March 31, 2017.
On May 12, 2017, Weatherford International’s (WFT) implied volatility was ~55%.
In the past year, Weatherford International’s (WFT) stock has fallen 11% through May 12, 2017. WFT has sharply underperformed the SPDR S&P 500 ETF (SPY), which produced 17% returns during the same period.
The short interest in Energy Transfer Equity (ETE) as a percentage of float ratio has risen to 7.9%, as compared to 7.2% last week (ended May 12).
Energy Transfer Equity (ETE) has now risen above its 50-day simple moving average, driven by the stock’s rally last week (ended May 12).
Energy Transfer Equity (ETE) is now trading at a price-to-distributable cash flow of 18.9x, which is high compared to its ten-quarter average of 17.9x.