RECENT Sector Analysis RESEARCH
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).
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.
Online giant Alibaba (BABA) is investing 22.4 billion Hong Kong dollars (about $2.9 billion) in China’s largest grocery retailer, Sun Art Retail Group. In this series, we’ll take a look at the deal and other online shopping and tech news.
Have you ever seen a bad back-test? Investment professionals have been jokingly asking that question for years, and the answer remains the same: of course not.
Vale (VALE) hosted Vale Day in New York on December 6, 2017. Management sounded quite confident about the company’s future prospects and creating shareholder value.
WTI (West Texas Intermediate) crude oil (UWT) (UCO) futures contracts for January delivery rose 1.2% to $57.36 per barrel on December 8, 2017.
Blockchain technology involves massive computer processing power, which requires huge quantities of memory chips, graphics cards, and processors.
Tsakos Energy Navigation (TNP) reported 3Q17 revenue of $124.2 million, which was 13.8% or $22.5 million higher than analysts’ estimates.
Myriad Genetics (MYGN) announced positive results from its Impact study, which evaluated the effectiveness of the GeneSight precision medicine test.
CVR Partners (UAN) emerged as the top gainer last week, rising 17.4% week-over-week to close at $3.70. CF Industries (CF) followed, rising 4.4% to close at $39.30.
Royal Dutch Shell (RDS.A) recently canceled its scrip dividend program, which allowed shareholders to receive cash or shares. Shell’s 4Q17 dividend will be paid in cash.
US-based (SPY) mobile carriers Sprint (S) and T-Mobile (TMUS) announced last month that they decided to cease merger talks.
RH, previously known as Restoration Hardware, on December 5, 2017, reported adjusted EPS (earnings per share) of $1.04 on revenues of $592.5 million.