SCANA Corporation (SCG) stock seemed to have taken a breather from its free fall in the last few trading sessions. In the last one-month period, SCG stock has corrected more than 17%.
On October 18, 2017, Abbott Laboratories will release its 3Q17 earnings results. Abbott stock was trading at its 52-week high of $55.4 on October 10.
Crude oil prices have risen from last week’s close of $49.29 per barrel on October 6 to $51.09 per barrel on October 10—a rise of almost 4% so far this week.
In this series, we’ll look at the ten MLPs most correlated with crude oil amid crude oil price volatility.
Kinder Morgan (KMI) is expected to report its 3Q17 earnings on October 18, 2017.
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.
Valero Energy (VLO) is expected to publish its 3Q17 results on October 26. Before we proceed with the 3Q17 estimates, let’s recap Valero’s 2Q17 performance versus estimates.
November WTI (West Texas Intermediate) crude oil futures contracts rose 2.7% and closed at $50.92 per barrel on Tuesday, October 10, 2017.
In 3Q17, Wall Street analysts expect an $0.08 adjusted loss per share for National Oilwell Varco (NOV). This outlook indicates that they expect NOV to cut its adjusted loss compared to its 2Q17 adjusted loss of $0.14 per share.
The Utilities Select Sector SPDR ETF (XLU), which represents S&P 500 Utilities Index, has gained ~10% YTD, marginally underperforming broader markets.
The year-to-date stock performances of precious metal miners have been driven more by company-specific factors than by the direction of gold prices.
In the 40th week of 2017, the BDTI fluctuated between 758 and 776. However, on the last day of the week, the index stood at 776, where it was at the start of the week.
As of October 10, 2017, Celanese stock has given a strong return of 35.8% so far in 2017, outperforming the broad-based SPDR S&P 500 (SPY).
On July 5, 2017, CSX stock hit its 52-week high of $55.3 per share. The market sentiment is high for the stock right now.
In this series, we will shed light on Moody’s recent data report, US Municipal Bond Defaults and Recoveries, 1970–2016. Muni bond prices sparked in 2016, especially when President Trump announced his infrastructure spending plans.
A Bank of America Merrill Lynch (BAC) research team recently shared its ideas on semiconductor stocks and its optimism for their future performances.
On October 10, 2017, US crude oil (USO) (USL) (OIIL) November futures rose 2.7% and closed at $50.92 per barrel.
According to research firm MarketsandMarkets, the global cybersecurity market is expected to surpass $231.9 billion by 2022, compared with an estimated $137.9 billion this year.
In this series, we’ll take a look at the final services PMI for the world’s major developed nations and regions, including the United States, Germany, the Eurozone, Japan, and the UK for September 2017.
On October 9, 2017, US crude oil (USO) November futures closed at $49.58 per barrel—0.6% higher than the previous closing price.