On March 21, 2017, Tidewater’s (TDW) had the highest implied volatility among OFS constituents of OIH. TDW’s implied volatility was 164.5% on that day.
From the beginning of 2017 to March 21, 2017, Dow Chemical (DOW) has been an outstanding performer. It rose 10.20% and outperformed SPY.
In a recent research note, a Deutsche Bank analyst warned about a sharp plunge in Rite Aid’s share price if its proposed deal with Walgreens Boots Alliance falls apart.
Crude oil (XOP) (UCO) (USL) prices hit a 20-month high on February 23, 2017, due to major producers’ production cut deal. Prices are ~12% below their peak.
Alcoa (AA) released its 4Q16 financial results on January 24, reporting a net loss of $125 million in 4Q16—a loss per share of $0.68.
On March 20, 2017, Teekay LNG Partners (TGP) had an implied volatility of 36.8%, the highest among the midstream companies in the Alerian MLP ETF (AMLP).
In a much-awaited announcement, the FOMC raised the federal funds rate 0.25% to 0.75%–1% on March 15, 2017. A higher interest rate scenario could be negative for gold as well as miners.
In the week ended March 17, 2017, the BDTI (Baltic Dirty Tanker Index) fell from 850 to 824. The index fell each day of the week.
According to a recent Bloomberg report, Walgreens is working on preparing a new deal with Rite Aid in order to please regulatory authorities.
Despite intense competition, AstraZeneca (AZN) managed to report 11% year-over-year (or YoY) revenue growth for its diabetes franchise in 2016.
When the interest rate hike took place on March 15, 2017, much of the upside in precious metals had already been priced in by the market.
President Trump’s first budget calls for a massive increase in the country’s military spending.
Whiting Petroleum (WLL) stock didn’t make much headway last week. It continued to stay low as crude oil prices remained at sub-$50 levels.
Utility giants NextEra Energy and Dominion Resources are among the top large-cap utilities in the US. Both companies have a unique set of characteristics.
In the past year, as of March 20, 2017, Patterson-UTI Energy’s (PTEN) stock has risen 45%.
During the Deutsche Bank Media, Internet and Telecom Conference on March 8, 2017, John Stephens, AT&T’s chief financial officer, talked about the company’s guidance for 2017.
BlackBerry (BBRY) will announce its fiscal 4Q17 earnings on March 31, 2017. Analysts estimate that the company will post revenues of ~$288.5 million.
WTI crude oil futures contracts for May delivery fell 0.8% and closed at $48.9 per barrel on March 20, 2017. Crude oil prices are near a four-month low.
Chesapeake Energy (CHK) stock showed signs of improvement in the last few weeks. The stock tracked natural gas prices higher.
So far, 2017 has been a mixed year for steelmakers. U.S. Steel Corporation has gained 12.9% in 2017, while Nucor is trading with year-to-date gains of 8.0%.