RECENT Sector Analysis RESEARCH
The US holiday season is the most important sales season for US retailers and department stores.
On October 16, 2017, US crude oil November futures rose 0.80% and closed at $51.87 per barrel, the highest closing price since September 28, 2017.
Last week, the stocks of automakers General Motors (GM), Fiat Chrysler (FCAU), and Ferrari (RACE) continued to outperform the broader market, rising 2.1%, 0.90%, and 2.1%, respectively.
Nordstrom (JWN) stock fell 5.3% to $40.40 on October 16, 2017, in reaction to the news that the Nordstrom family suspended its efforts to take the company private.
Target (TGT) announced that it’s expanding its offering through Google Express nationwide. Shoppers will also be able to place voice-based orders.
In 3Q17, analysts expect an adjusted loss of $0.33 per share for Nabors Industries (NBR). NBR plans to release its 3Q17 financial results on October 24, 2017.
Of the 28 analysts tracking Gilead Sciences in October 2017, three have recommended a “strong buy,” while 11 have recommended a “buy.”
PG&E (PCG) stock lost 10.5% on October 13, 2017. The Northern California wildfires sent the stock tumbling after state fire investigators probed PG&E’s power lines as a possible cause of the fires.
Last year, AT&T (T) made a surprise announcement that it was acquiring Time-Warner (TWX) for $85.4 billion. In this series, we’ll look into that deal and other updates on AT&T and T-Mobile.
US natural gas (UNG)(DGAZ) futures contracts for November delivery rose 0.67% to $3 per MMBtu (million British thermal units) on October 13.
Indexing has become an undeniable force in the investment world…and indexing’s rise didn’t happen by accident.
While broader markets maintained their cautious approach, US utility stocks continued to march higher last week. The Utilities Select Sector SPDR ETF (XLU) rose 1.4%.
Schlumberger (SLB) announced that on October 5, 2017, it received an engineering, procurement, and construction (or EPC) contract from Reliance Industries in India.
United States industrial behemoth General Electric (GE) is slated to release its 3Q17 earnings on October 20. Here’s what you need to know.
In 2Q17, The Medicines Company (MDCO) reported revenues of $18.7 million, which is a fall of 66.0% on a YoY (year-over-year) basis.
The California-based Skechers (SKX) is slated to release its third-quarter 2017 results on Thursday, October 19.
ExxonMobil (XOM) is expected to post its 3Q17 results on October 27, 2017. In 2Q17, XOM’s revenues surpassed Wall Street’s estimates by 2%.
The third quarter earnings season has picked up the pace. The S&P 500 Index finished the week ending October 13 with slight growth of 0.15%.
In the first half of 2017, Neurocine Biosciences (NBIX) generated revenues of $6.3 billion and reported expenses on the cost of product sales of $61.0 million.
American International Group (AIG) is expected to announce its earnings for 3Q17 on November 2, 2017. Wall Street analysts have provided a high estimate of $0.90 for AIG’s 3Q17 EPS.