Recently, Freeport-McMoRan (FCX) hit a 52-week low, falling to $16 per share on intraday trading. Incidentally, copper prices also hit a six-year low around the same time.
Natural gas prices fell by 0.84% and settled at $2.84 per MMBtu on Tuesday, July 14. Natural gas prices fell due to the consensus of rising natural gas stocks.
MPLX LP (MPLX) was the top gainer among midstream MLPs at the end of trading on Tuesday, July 14. It rose 3.37% yesterday.
NYMEX-traded WTI (West Texas Intermediate) crude oil futures contracts for August delivery rose by 1.10% and settled at $53.04 per barrel on July 14, 2015.
Although the dollar has appreciated for most of 2015, it has fallen about 5% in the last quarter. Currency headwinds for eBay could be less intense as the dollar weakens slightly. eBay is expected to release its earnings on Thursday, July 16.
Under Armour clocked revenue growth of 25% in 1Q15, with sales coming in at $805 million. The number two sportswear company in the US has beaten estimates in its last 25 quarters.
The $28 billion Chubb merger with ACE Limited should result in the second-largest property and casualty insurer in the US by market cap.
Domino’s transformation started in 2010, when the company reformulated its pizza recipe to win back its customers. Five years later, the company continues to perform well above its peers.
US equities fell 0.01% in the week ended July 10. Markets remained flat amid the Greek referendum, the IMF’s cut in the forecast of global growth, the expansion of the US service sector, and a higher trade deficit.
Natural gas inventory has risen over the past few weeks since the injection season has started. If inventory is higher than expected, it indicates a higher-than-expected supply, which pressures natural gas prices. A fall in natural gas prices hurts coal producers.
REITs outperformed, surging 1.54% last week while banks underperformed and lost 0.84% in value.
Launched in December 1998, the Financial Select Sector SPDR ETF (XLF) is an ETF that’s comprised of roughly 90 securities with $18.1 billion in assets.
The FOMC meeting minutes give you an idea of what policymakers are thinking—not just about monetary policy, but also about the state of the economy.
Google is testing changes to its Product Listing Ads, comparing a product’s price with its average online price. Now, shoppers can start their e-commerce transactions on Google.
August natural gas futures rose for the third consecutive day. Natural gas prices rose by 3.24% and closed at $2.86 per MMBtu on July 13, 2015.
Since June 2015, stock markets in China have seen a downward spiral. This was due to concerns over the longevity of the stimulus.
There were 863 active oil and gas rigs in the US in the week ending July 10, 2015, which is one more than in the previous week.
August WTI (West Texas Intermediate) crude oil futures contracts fell for the second day. Prices fell by 1.02% and closed at $52.20 per barrel on July 13, 2015.
MarkWest Energy Partners (MWE) was the top gainer among midstream MLPs at the end of trading on Monday, July 13. Yesterday, it rose 13.96%.
Sprint’s recently launched All-In Wireless plan includes monthly phone lease payments and subscription charges for unlimited voice, data, and text services on the home network.