NYMEX-traded natural gas futures contracts for September delivery rose by 0.44% on August 19. Natural gas prices rose due to warm weather estimates.
The merger spread on the Zulily acquisition is currently negative. Liberty Interactive has decided to structure the merger as an exchange offer, which means no vote is required on either side.
The iShares Nasdaq Biotechnology ETF (IBB) and the SPDR S&P Biotech ETF (XBI) provide a similar sort of exposure to investors.
This week has more major data coming out than last week, with the FOMC minutes of August 19 leading the pack.
After the announcement of its second quarter earnings, E*TRADE (ETFC) stock has fallen by ~10%. The company’s market capitalization has fallen to $8.21 billion.
The US market rose by 0.67% during the week ending August 14, mainly due to improved retail sales and industrial output.
The value of the Chinese yuan was reduced against the US dollar three time last week—on three successive days—by China’s central bank, the People’s Bank of China.
Southcross Energy Partners (SXE) was the top gainer among midstream MLPs at the end of trading on Wednesday, August 19. It rose 27.74%.
The devaluation of the yuan last week triggered turbulence among Asian stock markets. The indonesian rupiah, South Korean won, Thai baht, and Malaysian ringgit also significantly fell.
September natural gas futures contracts fell by 0.88% and settled at $2.70 per MMBtu on August 18. Natural gas prices fell due to the slowing demand consensus.
Precision Castparts manufactures complex products for aerospace and power applications that supplies General Electric, United Technologies, and Rolls Royce.
NYMEX-traded WTI crude oil futures contracts for September delivery fell on August 19. Crude oil prices fell due to an unexpected rise in US crude oil inventories.
After 2014’s uptrend, the US rig count fell for 28 straight weeks until the week ended June 19. Despite recent rises, the US rig count is still at its lowest level since June 2009.
In its fiscal 2Q15 earnings release, IBM stated that its customers are moving away from big on-premise ERP projects towards smaller projects.
Verizon’s monthly installment plan is now called Device Plan rather than Verizon Edge. And the new no-subsidy offering is called the Verizon Plan.
In this series, we’ll look at investment-grade corporate debt issuance for the week ended August 14 in detail.
Hilton reported its 2Q15 earnings on July 29. Hilton stock surged by about 3% on that day, as the company’s results exceeded analyst estimates.
The EIA estimates that the Permian Shale’s July crude oil production was ~2.02 MMbpd, only 0.1% higher than June’s production total. However, this is a 24% increase over production in July 2014.
Housing starts and building permits figures for July, released by the United States Census Bureau, were highly anticipated by investors in the US real estate sector.
Smart beta ETFs are simply funds that follow their indexes. They’re designed unconventionally to take advantage of the inefficiencies in the market.