According to oilfield service company Baker Hughes (BHI), there were 885 active oil and gas rigs in the United States in the week ended August 21, 2015.
The Energy Select Sector SPDR ETF (XLE) lost 8.42% in the week ended August 21. This ETF tracks a diverse group of ~45 of the largest American energy stocks.
JCPenney (JCP) trimmed its adjusted loss per share in fiscal 2Q15 to $0.41 compared to $0.75 in the corresponding quarter last year.
The biotechnology and pharmaceutical subgroups comprise 97.43% of the iShares NASDAQ Biotechnology ETF (IBB) portfolio.
Dunkin’ Brands (DNKN) released its 2Q15 earnings on July 23, 2015, with earnings per share of $0.50, which beat analysts’ estimate of $0.48. Dunkin’ has returned an impressive 25% return year-to-date.
On August 17, Liberty Interactive announced its acquisition of Zulily for $2.4 billion. It will purchase all of Zulily’s outstanding shares for $18.75 per share.
Netflix will enter Indian markets in 2016. It’s looking to expand into international markets and launch streaming services in more than 200 countries by 2017.
Marriott International declared its results on July 30, 2015. The company’s stock rose 5% the day before, but the market didn’t like what it heard.
Natural gas inventories increased by 53 Bcf (billion cubic feet), causing inventories to rise to 3,030 Bcf in the week ended August 14.
India’s repo rate stood at 8%, but after three cuts the rate stands at ~7%. Such policy actions affect the rupee, Indian companies, and India-focused ETFs.
Corn futures contracts for December delivery rose on August 14, 2015, by 0.067% and settled at $3.76 per bushel on CBOT (Chicago Board of Trade).
KKR reported its 2Q15 earnings on July 23, 2015, beating Wall Street analysts’ estimates. But KKR stock has fallen approximately 10% over the last month.
US REITs came into existence in 1960 when President Eisenhower signed the REIT Act contained in the Cigar Excise Tax Extension.
The markets are usually dull in late August. However, we’ve been seeing an accelerating global stock market selloff, which has been dominating markets and interest rates.
As per Aquinox’s 2Q15 earnings report, the company’s net income has gone up by 25.9% as compared to 1Q15 earnings of 20.76%.
While the component sectors of SPY declined on August 18, Aetna (AET) continued its upward trend. Aetna’s figures boost confidence.
Reactions to the impact of China’s recent developments on our investments ranged from a shrug to a bloodbath. This series examines investments focused on Asian nations that have close ties with the regional heavyweight.
On August 11, 2015, Symantec (SYMC) made headlines when The Carlyle Group announced it has agreed to acquire Veritas, Symantec’s information management and data storage business.
Retail, which is at the heart of any consumer-driven economy, ranges from small regionally targeted stores to large conglomerates.
September natural gas futures rose by 1.44% and settled at $2.75 per MMBtu on August 20. Natural gas prices rose due to a less-than-expected rise in inventory data.