The NASDAQ Index in 2017 so far has risen nearly 12% as of May 9, outperforming the other major US indexes.
PPG Industries (PPG) announced a dividend of $0.40 per share for 2Q17 on the company’s outstanding common stock.
Gold prices rose to a five-month high on April 13, 2017, as President Donald Trump said that a strong dollar made it difficult to compete with other countries.
In this series, we’ll look into JPM’s expected performance, growth outlook, asset management, and valuations in 2017.
Since the announcement of its 4Q16 earnings on February 21, 2017, Home Depot (HD) stock has risen 10.6%.
AT&T is expected to spend approximately $22 billion on capex in 2017.
The price of gold witnessed a rebound on Monday, May 8, after touching $1,221 per ounce—the lowest level we’ve seen since the middle of March.
Duke Energy (DUK), the largest regulated utility in the US, has declared a quarterly dividend of $0.855 per share.
Eric Rosengren, president of the Federal Reserve Bank of Boston, warned about the jobless rate being below the natural full employment estimate of 4.7%.
Energy Transfer Partners (ETP), the midstream MLP subsidiary of Energy Transfer Equity (ETE), was upgraded by two research firms on Tuesday, May 9, 2017.
Enbridge Energy Partners (EEP) reported its 1Q17 results on May 10, 2017. The company reported adjusted EBITDA of $414.1 million for the quarter.
In the past five trading sessions, natural gas June futures rose 2%. On May 10, 2017, natural gas prices rose 2% and closed at ~$3.29 per MMBtu.
Since the elections, the S&P 500 (SPY) (SPX-INDEX) is up 15% driven by financials (XLF), technology (XLK) (SMH), industrials (XLI), and consumer discretionary (XLY).
Tyson Foods (TSN) reported its fiscal 2Q17 results on May 8, 2017. TSN’s EPS missed analysts’ estimates and decreased year-over-year, reflecting sluggish volume.
Steel stocks have seen heightened volatility over the last few weeks. AK Steel (AKS) and U.S. Steel (X) are trading with year-to-date (or YTD) losses of 41.5% and 36.5%, respectively.
Ackman believes it’s a good time to invest in the Howard Hughes Corporation since it’s poised for strong growth in the current economic situation.
WTI (West Texas Intermediate) crude oil (XOP) (XLE) (VDE) futures contracts for June delivery rose 3.2% and settled at $47.33 per barrel on May 10, 2017.
Whiting Petroleum (WLL) stock showed slight improvement but remained low last week. The stock has returned -32% YTD (year-to-date).
Chesapeake Energy (CHK) stock stayed in a downtrend last week with a decline of ~7% on Thursday, May 4, 2017.
FireEye’s (FEYE) Subscription and Services revenues grew 11.7% to $150 million in 1Q17, comprising 86% of the company’s total revenues.