When Winter Storm Stella hit the East Coast, almost 7,500 flights were canceled on March 14, 2017.
Despite these cancellations, Southwest Airlines (LUV) and Alaska Air Group (ALK) outperformed their peers, rising 8.7% and 6.1%, respectively.
To streamline its product portfolio and reduce its debt, Valeant Pharmaceuticals (VRX) announced divestiture plans in 4Q16. This strategy is expected to improve investor sentiment towards Valeant.
Last week, crude oil and natural gas producer Marathon Oil (MRO) saw its stock price underperform crude oil prices by a wide margin.
Kinder Morgan (KMI) stock fell 1% last week (ended March 17, 2017), giving back some of its previous gains.
Last week, ConocoPhillips (COP) stock underperformed crude oil prices. The stock rose marginally from $45.67 to $45.69.
Wal-Mart Stores (WMT) appears to be on an acquisition spree, buying small online retailers to solidify its position in the fast-growing online space.
During the tenth week of 2017, US rail traffic (BRK-B) rose 4.4% YoY (year-over-year) to ~511,000 railcars.
Gross is a big critic of the Fed’s prolonged lower interest rate, believing that the leveraged based financial system is a major problem for the economy.
China has released its key economic data for February 2017. The information is crucial for assessing the outlook of the crude oil tanker industry.
In the past year, SLB stock has risen 7% as of March 17, 2017. During that period, SLB has underperformed OIH, which has risen 11%.
Williams Companies (WMB), the midstream c-corp general partner of Williams Partners (WPZ), fell 1.2% last week.
Energy Transfer Equity (ETE), which directly and indirectly owns the general partner of Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), rose 2.4% last week.
Lululemon Athletica (LULU) is slated to release its results for the fourth quarter and 2016 overall on Wednesday, March 29.
On March 15, Scana stock rose 1.9%, while its implied volatility rose 9.6%. The recent rise in natural gas demand could be causing Scana stock to rise.
US stocks rose slightly on March 15, the day of the Fed’s latest interest rate hike, with technology stocks leading the market after the announcement.
Juniper reported revenue of $1.4 billion in 4Q16, a rise of 5.0% YoY and 8.0% QoQ. Non-GAAP net income rose 3.0% YoY and 15.0% QoQ.
Iron ore miners had an unexpectedly good year in 2016, and 2017 is turning out to be even better. Vale SA (VALE) is leading the miners with a year-to-date gain of 30% through March 14, 2017.
According to Southern Company’s SEC filing on March 16, 2017, it doesn’t expect the Kemper County power plant to be operational by mid-March.
In the past year, Weatherford stock fell 20% until March 17. During this period, Weatherford underperformed the VanEck Vectors Oil Services ETF (OIH).
WTI (West Texas Intermediate) crude oil May futures closed at $49.31 per barrel on March 17, 2017, a 0.10% rise from the previous trading session.