Gross thinks the scope of the central banks is now limited to uphold investors’ beliefs in case of a crisis arising out of a policy mistake, geopolitical issue, or unexpected risk.
Chesapeake Energy (CHK) took a hit last week. It fell 10% in the week ending December 8—compared to the previous week ending December 1.
Among the four precious metals, silver was the only one that rose on Friday, December 8, 2017. Silver futures for February expiration rose 0.22%.
On December 11, US crude oil January 2018 futures rose 1.1%. The 2% rise in Brent crude oil prices could have supported the gain in US crude oil prices.
The eight-year bull market may feel long in the tooth, and the tech sector in the U.S. has been unstoppable. But some traders are looking much further to find profit in tech, and the “BAT”stocks are fast becoming a favorite buy.
For the week ending December 8, 2017, WPX Energy (WPX) stock fell ~1.3% from $13.08 to $12.91.
Merger talks between Sprint (S) and T-Mobile (TMUS) have collapsed after being unable to find mutually agreeable terms. This move marked the second failed attempt by T-Mobile to merge with Sprint.
In 3Q17, BioMarin (BMRN) generated revenues of $334.0 million, which reflected 19.0% growth year-over-year and 5.0% growth quarter-over-quarter.
Most MLPs (master limited partnerships) closed the week ended December 1 in the red, after seeing some gains earlier in the week.
Celanese stock remained flat and closed at $106.54 for the week ended December 8, 2017.
Broader markets continued to make new highs on the expected tax reforms while utilities fell approximately 1% last week.
Biotech firm Spectrum Pharmaceuticals (SPPI) develops oncology and hematology drug products. SPPI generates ~90% of its revenues from the US market, and ~10% of its revenues come from Europe.
SLB has underperformed the SPDR S&P 500 ETF (SPY) since December 1, 2017, having lost 2%, while SPY saw marginally positive returns during that period.
The consumer staples sector rose 0.62% last week, led by Brown-Forman, Sysco (SYY), Altria (MO), Dr. Pepper Snapple (DPS), and Coty (COTY).
Kinder Morgan (KMI) issued financial guidance for 2018 on December 4, 2017. It expects a 3% growth in its DCF (distributable cash flow) in 2018 over the expected 2017 DCF.
China released its trade data for November on December 8, 2017. In dollar terms, the country’s exports rose 12.3% year-over-year (or YoY), and its imports rose 17.7%.
US financial stocks hold a lot of promise going into 2018 due to strong economic growth and the expected rise in interest rates.
Continental Resources (CLR) has a near-term goal to reduce its debt to $6 billion and a long-term goal to reduce it to $5 billion.
Since December 9, 2016, Halliburton (HAL) stock has fallen 19% as of December 8, 2017. XLE has fallen 10% since December 9, 2016.
YouTube is recruiting thousands of human reviewers so that by 2018, there could be more than 10,000 people monitoring the video platform.