RECENT Industrials RESEARCH
After GE’s investor update on November 13, 2017, the company’s stock plummeted to a new five-year low.
U.S. Steel and ArcelorMittal posted better-than-expected revenues and profits in 3Q17, but AK Steel missed consensus estimates for its top and bottom lines.
In the 44th week of 2017, total rail freight traffic in the United States recorded a ~0.9% fall. Overall volumes, including intermodal, decreased to ~539,000 units.
In this series, we’ll discuss the top ten S&P 500 (SPY) companies with the lowest dividend growth. The energy sector comprises 70% of the list.
Deere (DE) will announce its fiscal 4Q17 earnings on November 22, 2017, before the market opens. The announcement will be followed by a conference call.
BNSF operates in four segments: Consumer Products, Industrial Products, Agricultural Products, and Coal. In this 3Q17 post-earnings series, we’ll examine the operating results for all these segments.
In week 45, which ended on November 10, 2017, the BDTI fell to 803 from 843. In week 44, it fell by 71 points.
Last week started on a positive note for most steel stocks, with most seeing upward price action on Monday. But sentiments were mostly negative after that.
Steel Dynamics released its 3Q17 earnings on October 18 and posted revenues of $2.44 billion during the quarter—compared to $2.1 billion in 3Q16.
In week 44, many of the crude tanker stocks traded in the red. Only Frontline and Navios Maritime Midstream Partners traded in the green.
Industrial behemoth General Electric (GE) will announce plans to revitalize the company at an investor update event on November 13, 2017.
XPO Logistics (XPO) announced its 3Q17 earnings on November 1. On November 7, XPO stock traded at an all-time high of $74.80 per share and closed at $73.60.
In this series, we’ll take a look at the ten US S&P 500 (SPX-INDEX) (SPY) companies with the highest dividend growth rate in the last year.
Overall freight volumes for US railroads rose 0.3% in the 43rd week, compared with the week ended October 29, 2016.
Although steel stocks saw upward price action in the beginning of October, we saw selling pressure in the last week of the month. AK Steel (AKS) lost 17.9% in October and added to its 2017 losses.
Genesee & Wyoming (GWR) fell 2.4% short of the analysts’ estimate of $0.83 for adjusted EPS (earnings per share) and reported $0.81 per share.
Euronav’s (EURN) revenues and EBITDA both fell in 3Q17. The third quarter was very challenging for the freight market—the toughest since 3Q13.
U.S. Steel (X) released its 3Q17 earnings on October 31. The company’s revenues and profits topped analysts’ estimates, and its stock rose 7.8% on November 1.
U.S. Steel Corporation (X), the second largest US-based steel producer, released its 3Q17 earnings on October 31.
AK Steel reported a net loss of $5.8 million, which translates to a per-share loss of $0.02. AK Steel posted an EPS (earnings per share) of $0.21 in 3Q16.