RECENT Industrials RESEARCH
AK Steel stock has been weak for the most part of 2017. The stock made a closing high of $11.11 on January 4 and slid to its 2017 closing low of $5.11 on August 11.
In the 34th week of 2017, US railcar traffic rose marginally by 1% to 272,000 plus units compared with ~269,500 railcars in the corresponding week last year.
For the crude tanker industry, week 34 ended on August 25, 2017. The BDTI rose from 621 to 643. The index remained constant in week 33.
US steel stocks are having a tepid year despite a presumably supportive administration in Washington, DC, and a rebound in the Chinese steel industry.
After falling in July, most airline stocks have continued their decline in August 2017. Alaska Air (ALK) has seen the biggest fall, at 12.8%, followed by American Airlines (AAL).
For the week ended August 19, 2017, the total US rail freight volumes including intermodal expanded 4.5% to ~554,000 units from ~530,500 units in the week ended August 20, 2016.
In 1Q17, Frontline (FRO) achieved net income of $27 million or $0.16 per share. The company had declared a cash dividend of $0.15 per share in 1Q17.
On August 24, 2017, Hoegh LNG Partners (HMLP) released its 2Q17 earnings. It earned revenue of $35.0 million in 2Q17 compared to $22.8 million in 2Q16.
As the dominant force in the US transportation sector, trucks moved ~66% of all US–NAFTA trade in 2016. The performance of the trucking industry is a barometer to assess the US economy.
Steel stocks have been consolidating for the last few trading sessions. But so far, they’re having a tepid year.
In this series, we’ll see how crude tankers—very large crude carriers, Suezmax, and Aframax—fared in Week 33.
In this series, we’ll be looking at ten dividend aristocrats with low PE ratios. Dividend aristocrats are S&P 500 stocks that have raised their dividend payouts for at least 25 successive years.
In week 32 of 2017, railcars in the US rose a marginal 0.3% to 268,000 compared to 267,000 railcars in the corresponding week last year.
Steel companies have high sensitivity to steel prices and their earnings tend to be volatile. Spot steel prices have been volatile in the last few years.
Deere (DE) announced its fiscal 3Q17 earnings on August 18, 2017, before the market opened. It reported EPS of $1.97, beating analysts’ estimate of $1.91.
The BDTI Index gives us an idea of the direction that crude oil tanker rates are heading. The index has fallen ~33% so far this year.
On August 14, Berkshire Hathaway divulged the details of its 13F filed for 2Q17. Warren Buffett’s behemoth firm liquidated its holdings in General Electric (GE) during the quarter.
Euronav’s revenues and EBITDA both fell in 2Q17. But the second quarter was challenging for the entire crude tanker industry.
With a supportive administration in the White House and a sharp fall in Chinese steel exports, we would expect steel stocks to be posting strong returns. But that’s not exactly the case.
The S&P 500 Dividend Aristocrat Index is made up of 51 S&P 500 (SPY) (SPX-INDEX) companies that have increased their dividends for 25 successive years.