Weighing Flotek’s Current Valuation against Peers
Sell-side analysts expect FTK’s adjusted EBITDA to rise more sharply over the next four quarters than those of its peers.
Miscellaneous
Iran’s Crude Oil Exports and Production: Crucial for Oil Prices
Iran’s crude oil exports are expected to fall 7% in July 2017, according to Reuters. Exports are expected to fall to 1.86 MMbpd in July 2017.
Will the US Dollar Continue Its Bearish Momentum This Week?
August 2017 West Texas Intermediate crude oil futures contracts fell 0.5% and were trading at $46.83 per barrel in electronic trade at 1:45 AM EST on July 4, 2017.
OPEC’s Crude Oil Production Hit a 2017 High
OPEC’s production cut compliance was at 92% in June 2017. Lower compliance from OPEC members and Russia could pressure crude oil prices.
Can the Rebound in Chinese Steel Prices Support Iron Ore Miners?
One of the major factors that led to the iron ore price rally in 2016 and 1Q17 was stronger-than-expected Chinese steel prices.
Average Daily Rate Will Drive US Hotel Industry Growth
The average daily rate (or ADR) measures the average room price paid in the market. In 1Q17, the ADR rose 2.5% year-over-year (or YoY) to $124.27.
Why China’s June Iron Ore Import Outlook Is Strong
China’s iron ore imports recovered from a six-month low in April by importing 91.5 million tons in May 2017.
US Hotel Industry Supply to Outpace Demand in 2017
The US hotel industry saw its largest revenue fall of 14% year-over-year (or YoY) in 2009. Since then, recovery has been steep.
Will Libya and Iran Swing Crude Oil Prices?
Market surveys project that Libya’s crude oil production is near 1 MMbpd—the highest level in three years. High production could pressure crude oil prices.
Micron Doubts That China Could Sustain in the Memory Market
According to Micron’s Ernest Maddock, even if China succeeds in securing legitimate IP, it would still fail in the memory market.
These Mining Companies Are Showing an Uptrend Correlation with Gold
When we try to interpret the performance of precious metals, it’s crucial to study the impact of metal price variations on mining shares.
Inside the Gold-Platinum Spread Now
The platinum industry is now headed for its third-straight year of surplus, likely due to the higher demand for petroleum-based cars.
US Crude Oil Production: Biggest Weekly Fall since July 2016
The EIA (U.S. Energy Information Administration) reported that US crude oil production fell by 100,000 bpd to 9,250,000 bpd on June 16–23, 2017.
How Long Can US Gasoline Inventories Support Crude Oil Bulls?
The EIA (U.S. Energy Information Administration) reported that US gasoline inventories fell by 0.1 MMbbls to 241 MMbbls on June 16–23, 2017.
Why the Natural Gas Inventory Spread Supports Its Recent Recovery
In the week ended June 16, 2017, natural gas inventories rose 61 Bcf (billion cubic feet) to 2,770 Bcf based on EIA data released on June 22, 2017.
Susquehanna: Under Armour Changes Are ‘Temporary Pause’ to Growth
UAA is covered by 34 Wall Street analysts who together rate the company a 2.9 on a scale of 1.0 for “strong buy” to 5.0 for “sell.”
Under Armour Trading 40% Lower Than a Year Ago
Under Armour (UAA) stock remained unfazed after the company announced its new senior level executives, rising ~1.0% and closing at $25.06.
US Gasoline Demand: Positive or Negative for Crude Oil?
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 547,000 bpd or 6% to 9,816,000 bpd on June 9–16, 2017.
Where Is BlackBerry Trading Compared to Moving Averages in June?
Canada’s (EWC) BlackBerry (BBRY) generated returns of -3.3% in the trailing-one-month period and 58% in the trailing-12-month period.
What Institutional Investors Think about Micron Technology
Currently, institutional investors own 81.1% and insiders own 0.69% of the total outstanding shares of Micron.
Why Mining Stocks’ Relative Strength Levels Keep Falling
In this article, we’ll take a look at the variables that determine how attractive particular mining stocks or shares are or could become.
Insight into the Silver Market in June 2017
Silver has seen a five-day trailing loss of 2.6%, while gold and platinum fell 1.7% and 1.9%, respectively.
Take a Look at Fund Flows in MLP ETFs Last Week
After three weeks of negative flows, the Alerian MLP ETF (AMLP) witnessed a net inflow of $5.6 million for the week ended June 23, 2017.
Coffee Futures: Arabica Down, Robusta Up in the Week Ended June 23
In this series, we’ll explore the price movements of five soft commodities—coffee, sugar, cocoa, orange juice, and cotton. Arabica coffee, which is considered superior in flavor and quality to Robusta coffee, has seen its futures price falling during the past six months.
Kansas City Southern’s Containers Rose, Trailers Fell in Week 24
In week 24 of 2017, Kansas City Southern (KSU) saw its overall intermodal volumes rise 10.6%, unlike in the previous two weeks.
Key Support and Resistance Levels for US Crude Oil Futures
August US crude oil futures key support level is $43 per barrel. Prices tested this level three times in the last 15 months.
Cushing Inventories Fell for the Ninth Time in 10 Weeks
The EIA (U.S. Energy Information Administration) will release weekly data on crude oil and gasoline inventories on June 28, 2017.
Will US Crude Oil Hit $40 Next Week?
On June 22, 2017, WTI crude oil (USO) (OIIL) active futures’ implied volatility was 29.7%, up 1.7% compared to its 15-day average.
US Crude Oil Prices Could Be Range Bound Next Week
August WTI (West Texas Intermediate) crude oil (XOP) (VDE) (RYE) futures contracts rose 0.5% and closed at $42.74 per barrel on June 22, 2017.
Natural Gas Inventories Spread: Savior for Natural Gas Bulls?
The EIA reported that natural gas inventories rose by 78 Bcf (billion cubic feet) to 2,709 Bcf in the week ending June 9, 2017.
What US Crude Oil Inventories Mean for Oil
The EIA reported that US crude oil inventories fell by 2.7 MMbbls (million barrels) to 509.1 MMbbls on June 9–16, 2017.
Comparing Growth and Value Stock Sectors
The SPDR S&P 500 Growth ETF (SPYG) has generated a YTD return of 13.3% versus 4.3% from the SPDR S&P 500 Value ETF (SPYV).
How Are the Defensive and Cyclical Sectors Performing?
If we compare the performances of the defensive sectors, we can see that their YTD performance and one-year performances have been reasonably uniform with the exception of the energy and telecom sectors.
What Are Nabors Industries’ Capex Plans for 2017?
Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 1Q17, compared to its positive CFO a year earlier.
Rising Oil Rigs: Oil Bears’ Friend, Oil Bulls’ Foe
In the week ended June 16, 2017, the US oil rig count was 747, its highest level since the week ended April 17, 2015.
Analyzing Iran’s Crude Oil Production and Export Plans
Iran’s crude oil production is at a seven-year high. Iran was able to scale up production after the US lifted sanctions on the country in January 2016.
Where Will US Crude Prices Settle?
On June 15, 2017, US crude oil active futures’ implied volatility was 27.9%.
Mining Stocks’ Relative Strength Index Hits Rock Bottom
The rise and fall of precious metals also significantly impact mining-based leveraged funds like the Direxion Daily Gold Miners (NUGT) and Proshares Ultra Silver (AGQ).
How Does Amazon Gain from the Whole Foods Deal?
News of the Whole Foods acquisition has already given Amazon a boost, pushing its stock up 2.4% and adding $11.0 billion to its market cap, which nearly pays for the $13.7 billion deal.
How Wall Street Analysts View AvalonBay Stock
In May 2017, 11 of 23 analysts covering AVB stock issued “buy” or “strong buy” ratings.
What’s the Volatility of Mining Stocks?
Though the precious metals survived the Fed’s interest rate hike, the miners took a hit. Most mining stocks saw a considerable down day on Wednesday.
Analysts’ Recommendations for Halliburton
On June 12, 92% of the analysts tracking Halliburton rated it as a “buy,” ~3% of the analysts rated it as a “sell,” and the other 5% rated it as a “hold.”
Analyzing US Gasoline Inventories and Gasoline Demand
US gasoline inventories rose by 2.1 MMbbls to 242.3 MMbbls on June 2–9, 2017. Inventories rose 0.9% week-over-week and 2.3% year-over-year.
What’s in the Natural Gas Inventory Spread—Bears?
In the week ended June 2, 2017, natural gas inventories rose by 106 Bcf.
What Investors Can Expect from Halliburton
On June 13, Halliburton’s implied volatility was 24.1%. Since its 1Q17 financial results were announced on April 24, its implied volatility has fallen.
Analyzing Halliburton’s Free Cash Flow and Capex Plans
Halliburton’s cash from operating activities (or CFO) in 1Q17 was an improvement over 1Q16, although it was a steep deterioration compared to 4Q16.
What’s Happening to Halliburton’s Net Debt?
In 1Q17, Halliburton’s (HAL) total debt fell 29% compared to a year earlier, while its cash and marketable securities fell 78%.
Palladium Skyrockets: A Look at What’s in Store Next
Although gold and silver had a down day on Friday, June 9, 2017, platinum and palladium rose about 0.23% and 1.2%, respectively.
Monsanto’s Price Targets and Recommendations in June 2017
On June 9, Monsanto (MON) stock closed at $117.5 per share.
Barrick Gold’s and Other Miners’ Correlation with Gold
Metal stocks As we study the impact of global variables on precious metals and the mining sector, we should also analyze the relationship between mining stocks and gold. Correlational analysis can help us compare price movement in mining stocks and the metal. In this part of our series, we’ll examine New Gold’s (NGD), Newmont’s (NEM), Coeur […]