8 Apr

XLU: Top Utility Gains and Losses in 2019

WRITTEN BY Vineet Kulkarni

Top gains in 2019

Now, we’ll discuss the top utility gainers this year. AES (AES) stock tops the list with more than a 27% gain year-to-date. The company’s earnings growth prospects and positive outlook by the management boosted the stock. Over the past 12 months, AES stock has risen ~60%. The stock offers a fair yield of 3%, which is in line with its peers.

XLU: Top Utility Gains and Losses in 2019

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Southern Company

So far, Southern Company (SO) stock has risen more than 18% in 2019. The company’s power plant issues in the last few years dented its market performance. The rally might have soothed investors to some extent. The reduced risk at Southern Company’s Vogtle nuclear power plant could be one of the important reasons behind its recent rally.

Sempra Energy (SRE) stock has risen 18%, while American Electric Power (AEP) stock has risen 15% this year.

PG&E

PG&E (PCG) stock is the top loss among utilities this year. The stock has lost more than 18% during this period due to wildfire troubles. The company filed for Chapter 11 bankruptcy protection in January when wildfire-related liabilities exceeded $30 billion.

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Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

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