24 Nov

Is Oil at the End of Its Rise?

WRITTEN BY Rabindra Samanta

US crude oil

On November 22, 2017, US crude oil (USO) (USL) January futures rose 2.1% and closed at $58.02 per barrel—the highest closing price in 2017. The markets were closed on November 23, 2017, due to the Thanksgiving holiday.

Is Oil at the End of Its Rise?

On November 24, 2017, at 2:03 AM EST, US crude oil January futures were trading at $58.59 per barrel. It’s very likely that we could a see another 2017 high today.

However, fundamental drivers like the US oil rig count and growing US crude oil exports could threaten oil’s rally. Since OPEC’s production cut deal was announced on November 30, 2016, US crude oil production has risen by 80% of OPEC’s pledged output cut. The extra supply coming out of the US could undo OPEC’s efforts to boost oil prices.

On November 15–22, 2017, US crude oil active futures rose 4.5%. The S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) rose 1.3% and 1.1% during this period. Did oil help these equity indexes rise? We’ll discuss this in the next part.

Natural gas

In the seven calendar days to November 22, 2017, natural gas (UNG) January futures fell 3.8%. On November 22, 2017, natural gas prices fell 1.6%. The fall in natural gas inventories didn’t boost natural gas prices. Rising natural gas supplies could be dominating natural gas prices.

Latest articles

This year, Pfizer (PFE) stock has fallen 0.34% and Bristol-Myers Squibb (BMY) stock has fallen 6.48%. Both companies are focused on strengthening their position in the high-growth oncology and immunology markets. Let's take a closer look at each.

Walt Disney’s (DIS) latest movie, Toy Story 4, has reportedly broken records in the opening weekend with $118 million in sales. However, the opening weekend collection was behind analysts’ expectations of at least $150 million in the first weekend.

24 Jun

Will Home Depot’s Upward Momentum to Continue?

WRITTEN BY Rajiv Nanjapla

As of June 21, Home Depot (HD) was trading at $209.39, which implies a rise of 9.7% since the announcement of its first-quarter earnings on May 21. Also, the company was trading at a premium of 32.4% from its 52-week low of $158.09 and a discount of 2.8% from its 52-week high of $215.43.

On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.

Shares of Mondelēz International (MDLZ) are scaling new heights thanks to its stellar gains so far this year. Mondelēz stock is up 38.0% on a YTD (year-to-date) basis, and it closed at $55.25—just a shade lower than its 52-week high of $55.71—on June 21.

24 Jun

How Long Will Facebook's Libra Fuel Bitcoin Rally?

WRITTEN BY Mayur Sontakke, CFA, FRM

Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.

172.31.59.107