RECENT Industry RESEARCH
Although banks’ earnings were better than expected, banking stocks fell due to weak trading revenue and disappointing forecasts.
Last week, financials got a boost after major banks cleared the latest round of the Fed’s stress tests. Financial stocks rose 1.5% last week.
Schneider National (SNDR) topped the list with a stock price gain of 6.5%. It was the top gainer in the logistics and air travel sector.
Major banking stocks rose after the Fed approved huge payout plans. Wells Fargo (WFC) rose 2.7% and Citigroup (C) rose 2.8%.
US stocks ended the week with a marginal gain. Weak financials and consumer staples shares eclipsed a rally in the healthcare and biotechnology sectors.
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.
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.
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.
Frontline (FRO) and Euronav (EURN) traded in negative territory in week 13. All the other crude oil tanker stocks traded in positive territory.
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.
The Eagle Ford Shale is a gas and oil producing shale formation in south Texas. It extends to northeast Texas and touches the Mexican border. In this series, we’ll look at drilling activity in the region.
Since the US presidential election, emerging markets have bounced back as though the election never happened.
The Permian Basin, which spans parts of West Texas and New Mexico, is considered one of the most prolific regions for oil and gas production in the US.
In this series, we’ll be taking a close look at the agricultural fertilizer industry and why it serves one of the most important functions in the agricultural sector.
The oilfield equipment and services industry refers to all products and services associated with the oil and gas exploration and production process, or the upstream energy industry.
This series will provide you a complete overview of the refining industry as well as a quick snapshot of downstream sector stocks in the US.