Massive Draw in US Crude Oil Inventories: Just the Beginning?
The API estimated that US crude oil inventories fell by 8.67 MMbbls on May 19–26. US crude oil inventories also fell by 19.77 MMbbls in the last five weeks.
Miscellaneous
How IBM’s iX Unit Could Get a Big Boost from Bluewolf Group
After the Bluewolf acquisition is finalized, the company will become part of IBM’s iX, or Interactive Experience, unit.
US Crude Oil Exports: Will They Affect OPEC’s Production Cut Deal?
On November 7, 2017, the difference between Brent crude oil (BNO) active futures and US crude oil (USO) active futures, or the Brent-WTI (West Texas Intermediate) spread, was $6.50.
Fertilizer Affordability Didn’t Change Last Week
Last week, the Fertilizer Affordability Index remained unchanged at 0.65x week-over-week. Fertilizers are more affordable than during the base year.
What Could Impact Oil Prices in 2018?
On December 29, 2017, US crude oil’s (USO) (USL) February 2018 futures rose 1% and closed at the 2017 highest closing price of $60.42 per barrel.
Crude Oil Prices Could End 2017 on a High Note
A Reuters poll estimated that WTI crude oil (USL) prices could average $54.78 per barrel in 2018 after extending the production cuts.
Analyzing Gas-Heavy Stocks amid Falling Natural Gas Prices
From February 17–27, 2017, natural gas futures contracts for April 2017 delivery fell 8.8%. On March 3, 2016, natural gas futures touched a 17-year low.
Integrated Energy and Refiner Stocks That Lead in Short Interest
As of November 3, 2016, CVR Energy (CVI) had the highest short interest-to-equity float ratio among our list of integrated energy and refiner stocks.
Rationale for the Starwood-Marriott Merger
With the Starwood-Marriott merger, the companies expect to generate at least $200 million in annual cost savings beginning in the second year after the deal closes.
Libya’s Crude Oil Production Is at a 4-Year High
August West Texas Intermediate (or WTI) crude oil futures contracts rose $1.03 per barrel, or 2.2%, and settled at $47.07 per barrel on July 3, 2017.
Crude Oil Futures: Next Important Resistance Level
WTI crude oil (UCO) futures closed at $62.01 per barrel on January 4, 2018—the highest level since December 2014. WTI prices rose ~12.4% in 2017.
How Closely Is Natural Gas Tracking Oil?
Between November 15 and 22, natural gas (UNG)(FCG) January futures had a correlation of 52.5% with US crude oil January futures.
Will President Trump Boost the US Crude Oil Rig Count?
Baker Hughes released its weekly US crude oil rig count report on June 2. US crude oil rig counts rose by 11 to 733 between May 26, 2017, and June 2, 2017.
Will Coffee Peers Step Up Their Game with Jacobs Douwe Egberts?
With the emergence of Jacobs Douwe Egberts, Keurig and other coffee producers will focus more on expanding their product portfolios. They’ll also focus on an international presence to capture the growing global demand for coffee.
What to Expect from Crude Oil Prices
On November 9, US crude oil active futures rose 0.6% and closed at $57.17 per barrel. Geopolitical concerns in the Middle East could have helped crude oil.
Why Are Intermediate Gold Miners so Exuberant?
Intermediate gold miners are smaller than senior gold miners in terms of production and market capitalization, but they are still generally liquid.
JCPenney: Analysts’ Recommendations and Target Price
As of July 13, 15 analysts covering JCPenney (JCP) stock have a “hold” rating. Seven analysts have a “buy” rating, while two analysts have a “sell” rating.
Did Analysts Change Their Views on Target after 1Q17 Results?
The majority of analysts covering Target (TGT) remain neutral on the stock.
OPEC, Russia, and the US Could Pressure Crude Oil Futures
US crude oil (RYE) (VDE) (SCO) futures contracts for August delivery fell 2.8% and settled at $44.23 per barrel on July 7. Prices are near a ten-month low.
What to Expect from Crude Oil Prices in 2018
The EIA estimates that US crude oil (USO) (UCO) prices could average $49.7 per barrel in 2017—1.7% higher than the survey in September 2017.
Natural Gas Could Reach the $3.4 Mark Next Week
On November 9, 2017, natural gas had an implied volatility of 43.5%—9.4% more than its 15-day average. Natural gas active futures settled at $3.2 per MMBtu.
Is Rachel Maddow Married?
Although most people know what Rachel Maddow does professionally, only certain details are known about her private life. Is Rachel Maddow married?
What Is Affirm CEO Max Levchin's Net Worth?
Over the years, Max Levchin has been successful in the tech sector with PayPal and Affirm. What is his net worth?
What Is Adam Silver's Net Worth?
Adam Silver, NBA Commissioner since 2014, has a reported net worth of $35 million.
Does Tim Ferriss Have a Girlfriend and What's His Dating Advice?
Tim Ferriss has given his fans some advice about their love lives, but does he have a girlfriend?
What Is Tiger Woods' Net Worth?
Tiger Woods has been playing golf competitively for over two decades. Currently, his net worth is $800 million or more.
Toyota President Akio Toyoda Has a Passion for Racing
Toyota Motor's president, Akio Toyoda has a love for cars beyond his position with the automaker. He has been racing cars for years and even participated in a race in 2019.
Here Are the Best Three Movies About the Stock Market You Have to Watch
These are the best movies about the stock market and Wall Street intrigue, full of drama and fraud that you'll have to see for yourself.
Greece Debt Drama: What’s Next?
Keep a close eye on further developments in the unfolding Greek debt drama and hope that it does not turn into a tragedy.
How Does Seasonality Impact Crude Oil Inventories?
US commercial crude oil inventories fell by around 4.2 MMbbls for the week ending on May 20, 2016—compared to the previous week.
Will the U.S. Stock Market Crash Again in 2020?
Why is the stock market so high despite the economic pain amid the COVID-19 pandemic? Will the U.S. stock market crash again in 2020?
Why Oracle Acquired DataScience.com
Now, let’s take a look at Oracle’s (ORCL) acquisition of DataScience.com, which it announced last month.
Comparing Domino’s and Papa John’s Dividend Policies
Importance of dividends Dividends help smooth out return volatility for shareholders. Both Domino’s Pizza (DPZ) and Papa John’s (PZZA) have a strong history of returning cash to shareholders. . 3Q16 dividends In 3Q16, Domino’s Pizza paid dividends of $0.38, which represents a growth of 22.6% from $0.31 in fiscal 3Q15. For the next four quarters, […]
A Look at Apollo’s Definitive Deal to Acquire The Fresh Market
Apollo Global Management (APO) announced today, March 14, 2016, that it has entered into a definitive agreement to acquire The Fresh Market (TFM).
What Are Dow Jones Companies and What Is Their Weight?
The Dow Jones components have changed 60 times since its formation. See what our analysts say about Dow Jones companies and their weight in the index.
Will Gold Rally if Volatility Picks Up?
It’s true that market volatility has been unusually low lately, but it’s expected to rise. There are several ways to mitigate the impact of rising volatility and historically, gold has been one of the more effective tools.
High-Yield Bonds Are Turning Out to Be the Real Winners
High-yield bonds gained popularity due to higher yields compared to Treasury bonds, whose yields were being pushed down by the Fed’s interest rate policy.
Nokia Acquires Alcatel-Lucent to Challenge Ericsson
Nokia agreed to acquire Alcatel-Lucent in an all-share transaction that values the deal at $16.6 billion. The merger will help reduce operating expenses.
Will US Oil Production Pressure Crude Oil Futures?
February WTI crude oil futures contracts fell 0.9% to $63.73 per barrel on January 16. Brent oil futures fell 1.6% to $69.15 per barrel on the same day.
OECD’s Crude Oil Inventories Are near June 2015 Low
According to the EIA, OECD’s crude oil inventories declined 0.2% to 2,865 MMbbls in January 2018—compared to the previous month.
China Wants Huawei Ban Lifted, Trump Talks 5G with India
Discussing 5G with India could be part of President Trump’s mind game before his meeting with President Jinping.
Gold and Miners: To Buy or to Hold?
Since lower interest rate expectations, a weakening US dollar, and geopolitical factors pushed gold above its long-term resistance of $1,350 per ounce, technical factors seem to have taken over.
Caterpillar Got a Downgrade, Global Growth Stalled Last Week
Atlantic Equities downgraded Caterpillar (CAT) from “neutral” to “underweight.” Atlantic Equities analyst Richard Radbourne also lowered Caterpillar’s earnings estimates for fiscal 2019 and fiscal 2020.
Rise in Oil Pushed Energy ETFs Higher
US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.
Why Analysts Expect Hershey Stock to Fall
Wall Street maintains a consensus target price of $122.93 per share on the Hershey Company (HSY), which implies a potential downside of 10.9% based on its closing price of $137.90 on June 19.
Comparing McDonald’s and Starbucks’s Revenue Growth Prospects
For the next four quarters, analysts expect McDonald’s to post revenue of $21.1 billion, which represents a rise of 1.3% from $20.8 billion in the corresponding four quarters of the previous year.
Is Oil Dominating Over Natural Gas-Weighted Stocks?
Except Cabot Oil and Gas (COG), all of these natural gas–weighted stocks had a correlation of at least 75% with the S&P 500 Index (SPY).
Next Chapter in US-China Trade War and US Semiconductor Industry
Technology IP (intellectual property) is the center of the US-China trade war.
Is the Oil Rig Count Dragging US Oil Production?
Last week, the oil rig count fell by three to 802—the lowest level since March 30.
Are Analysts Gaining Confidence in BP?
Analysts seem to be gaining confidence in BP due in part to its expected upstream production growth.