The British Columbian government’s decision to join the battle against KMI’s Trans Mountain expansion project contributed to the recent fall in the stock.
On August 11, 2017, Axalta (AXTA) introduced its waterborne refinish coating brand, Syrox, in China.
Between August 4 and 11, 2017, US crude oil (USO)(DBO) September futures fell 1.5% and closed at $48.82 per barrel on August 11.
The highlight of Disney’s fiscal 3Q17 earnings release was the company’s announcement regarding the launch of two streaming services.
For 2Q17, Wendy’s (WEN) reported adjusted earnings per share of $0.15 on revenues of $320.3 million—50.0% higher YoY—but its revenue fell 16.3%.
Upscale department store Nordstrom (JWN) exceeded analysts’ revenue and earnings estimates for fiscal 2Q17, which ended on July 29.
For the week ended August 11, 2017, crude oil (USO) retreated from $49.58 per barrel to $48.82 per barrel, a 2.0% fall.
WTI (West Texas Intermediate) crude oil (XLE)(XOP)(USO) futures contracts for September delivery rose 0.5% to $48.82 per barrel on August 11, 2017.
The markets last week were weak due to geopolitical tensions between the United States and North Korea. Utilities fell 0.40%.
Whether making buy and sell decisions on individual securities or allocating to asset classes, we must tune out the noise and use reason to determine the right course to set.
The consumer discretionary and retail sectors had a rough week from August 7–11. Many stocks in the consumer discretionary sector suffered due to dismal 2Q17 results.
Of the 24 analysts covering Amgen, four have recommended a “strong buy” for the stock, while six have recommended a “buy.”
Wall Street analysts expect Walmart’s (WMT) fiscal 2Q18 adjusted earnings per share to remain flat at $1.07 on a year-over-year basis.
Georgia-based Southern Company (SO) declared a dividend of $0.58 per share on July 18, 2017. Its ex-dividend date is August 17, 2017.
On August 10, 2017, US crude oil (USO) (DBO) September futures fell 2.0% as concerns about the supply-glut situation increased, closing at $48.59 per barrel.
Natural gas (BOIL) (GASL) futures have risen 7.4% in the last five trading sessions.
In the past year, Weatherford International’s (WFT) stock has fallen 28% as of August 11, 2017.
Asian markets rebounded on Monday as concerns about the geopolitical tensions between North Korea and the United States abated.
Schlumberger’s (SLB) one-year stock price fell 21.0% as of August 11, 2017. In the past year, the Energy Select Sector SPDR ETF (XLE) has fallen 7.0%.
The European economy has expanded in the last 17 consecutive quarters. The Eurozone’s annual growth rate is 2.1%—the highest growth rate in the last six years.