RECENT Industrials RESEARCH
In week 43, which ended on October 27, 2017, the Baltic Dirty Tanker Index rose to 914 from 896.
For the first 42 weeks of 2017, US rail carriers (XLI) registered ~10.9 million railcars, up 3.6% on a year-over-year basis.
After a remarkable run in the preceding two weeks, US steel stocks lost momentum last week.
Union Pacific (UNP) posted adjusted EPS (earnings per share) of $1.5, just beating the analyst estimate by 0.6%.
According to eMarketer, retail e-commerce holiday season sales have been projected to grow by 16.6% in 2017 compared to 14.3% in 2016.
On October 24, Canadian National Railway (CNI) released its 3Q17 results. CNI posted adjusted earnings per share of $1.31 Canadian, just short of the analyst estimate of $1.32 Canadian.
In week 42, which ended on October 20, 2017, the BDTI fell from 903 to 896. In week 41, the index rose by 127 points.
Norfolk Southern (NSC) has reported earnings of $1.75 per share for 3Q17, up 13% from $1.55 in 3Q16.
AK Steel is scheduled to release its 3Q17 earnings on October 31. U.S. Steel will release its 3Q17 results the same day, with a conference call on November 1.
On October 19, 2017, Navios Maritime Midstream Partners (NAP) announced its 3Q17 revenue and earnings before the markets opened.
General Electric (GE) announced its 3Q17 earnings on October 20. GE’s reported earnings per share of $0.21 fell short of the estimated $0.45—a significant earnings miss of 53.6%.
U.S. Steel Corporation (X) is scheduled to release its 3Q17 earnings on October 31, 2017. In this series, we’ll see what analysts are projecting and what investors could be watching.
Last week, AK Steel was the biggest gainer among the top five US-based steelmakers (CLF). AK Steel stock rose 6.7% in the week ending October 20, 2017.
American Airlines (AAL) is expected to announce its 3Q17 earnings on October 26. AAL stock has fallen since mid-July due to several challenges facing the airline industry.
In the week ended October 14, US railroads’ overall freight volumes rose 3% compared with the same week in 2016. US railroads carried ~10.6 million carloads, up 3.7% for the first 41 weeks of 2017.
Steel Dynamics (STLD) released its 3Q17 earnings on October 18, 2017. It reported revenues of $2.44 billion compared to $2.1 billion in 3Q16 and $2.39 billion in 2Q17.
This series will discuss the top ten aerospace and defense products and services companies based on their dividend yields.
In week 41, which ended on October 13, 2017, the BDTI rose to 903 from 776. In week 41, the index remained unchanged at 776.
JetBlue Airways (JBLU) is expected to release its third-quarter earnings on October 24, 2017. In this series, we’ll look at its expansion plans, declining profitability, and valuations.
There’s been a lot of action in the US steel space in the past month, and we’ve seen analysts revise their ratings to reflect the view of steel stocks ahead of 3Q17 results.