Key energy events
On February 13–14, the EIA (U.S. Energy Information Administration) is scheduled to release its oil and natural gas inventory data. Early this week, the EIA’s Short-Term Energy Outlook report will likely be important for oil and natural gas prices. If the EIA downgrades the natural gas outlook more, it might drag natural gas–weighted stocks like Range Resources (RRC) and Gulfport Energy (GPOR), which we’ll discuss in Part 4.
Global oil supply
The International Energy Agency’s Oil Market Report and OPEC’s Monthly Oil Market Report scheduled to be released early this week could be important for US crude oil prices, which fell 4.6% last week. The Brent-WTI spread might react to these reports. In Part 1, we discussed how the global oil supply impacted the spread. Oil-weighted stocks like Oasis Petroleum (OAS), Whiting Petroleum (WLL), and Devon Energy (DVN) might react to changes in oil prices.
Apart from these events, Antero Resources (AR) is scheduled to report its fourth-quarter earnings on February 13. The results could be important for the upstream subsector.
Demand for imported goods is growing in China as living standards improve in the country.
With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.
Qualcomm (QCOM) stock fell more than 10% in the first half of trading on May 22 after it lost its licensing lawsuit with the US FTC (Federal Trade Commission).
Apple (AAPL) suffered a setback recently when the US Supreme Court allowed an antitrust lawsuit against the company to proceed.
Today doesn’t seem to be a good day for electric vehicle companies. Earlier today, NIO stock hit an all-time low of $4.00.
The cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half.
The US equity markets have come under pressure this month because of the ongoing US-China trade war.