What’s the Energy Sector’s Dividend Yield?
Of all the energy segments, the oil and gas transportation services segment noted the highest dividend yield.
Integrated Energy Losses this Week: CEO, PBR, YPF, PTR
To conclude our series on the biggest movers in the energy sector, we’ll look at the biggest losses from the US integrated energy sector this week.
Integrated Energy Gainers This Week: CVE, PBR, CEO, STO, XOM
Cenovus Energy (CVE) is the leading gaining stock in the current week from the integrated energy sector.
A Look at Hess’s Guyana Interests
Hess’s Guyana interests Hess (HES), ExxonMobil (XOM), and CNOOC (CEO) jointly own interests in the Stabroek Block, located approximately 120 miles offshore Guyana. Hess, ExxonMobil, and CNOOC have 30%, 45%, and 25% stakes in the venture, respectively, and XOM is the operator. Hess and its partners sanctioned the first phase of a planned multiphase development of the Liza Field […]
Integrated Energy Gainers: PTR, CEO, BP, RDS.A, and STO
Continuing with the biggest movers in the energy sector, we’ll now look at the top gainers from the US integrated energy sector for the week starting December 11.
Integrated Energy Losers This Week: CVE, PBR, PTR, CEO, and YPF
Cenovus Energy is the biggest loser this week from the integrated energy sector. It has fallen from last week’s close of $11.26 to $10.17 on November 15.
Analyzing Wall Street’s Targets for CVRR, PARR, CEO, and SU
Of the eight analysts covering CVR Refining (CVRR), one has rated it a “strong buy,” six have rated it a “hold,” and one has rated it a “sell.”
Which Integrated Energy Stocks Are Rising This Week?
This week, which started on October 9, 2017, China National Offshore Oil (CEO) is at the top of the list of gainers in the integrated energy sector.
Where Manufacturing Activity Stands in China
China’s (FXI) (MCHI) economy, based on some of its economic indicators, has recently shown signs of a slowdown.
Exports Recover as China Shifts Its Base in 2017
Chinese exports in US dollar terms fell 7.7% in 2016 compared to 2015, making it the worst decline since 2009.
China Caixin Manufacturing PMI Expands
The China Caixin Manufacturing PMI (Purchasing Managers’ Index) rose to 50.6 in July from 48.6 in June. This indicates renewed improvement in operating conditions.
China’s Industrial Profits Accelerate in June
According to the National Bureau of Statistics, China’s industrial profits for firms above a designated size rose by 5.1% year-over-year to 616.3 billion yuan ($92.4 billion) in June.
China’s Fixed-Asset Investments Ease in June: A Matter of Concern
China’s urban fixed-asset investments grew by 9.0% year-over-year in the first six months of 2016, compared with a 9.6% growth from January to May 2016.
OPEC and Russia: More Negative Forces for Crude Oil Market
The EIA reported that OPEC’s crude oil production rose by 510,000 bpd (barrels per day) to 32.7 MMbpd (million barrels per day) in June 2016.
Why China’s Industrial Profits Have Slowed Down
According to the National Bureau of Statistics (or NBS), China’s industrial profits for firms above a designated size rose 3.7% year-over-year to 537.2 billion yuan.
What’s Hindered FSEAX’s Rise Year-to-Date in 2016?
The Fidelity Emerging Asia Fund (FSEAX) has emerged as a below-average performer among the nine funds in this review YTD (year-to-date) in 2016.
Nigeria, Canada, OPEC, and Negative Crude Oil Price Drivers
In the previous three parts of this series, we covered bullish catalysts for crude oil prices. Now, let’s look at some important bearish drivers for crude oil prices in 2016.
Tech Stocks Have Helped the Invesco Pacific Growth Fund in 2016
The Invesco Pacific Growth Fund – Class A (TGRAX) has been an above average performer.
What Does the World Bank Believe about Rebalancing in China?
The World Bank projected that China’s economy will decelerate to a 6.7% growth rate in 2016, which would be 0.2 percentage points lower than one year prior.
The Caixin China Manufacturing PMI Contracted Sharply in May
The Caixin China manufacturing PMI (or purchasing managers’ index) contracted further in May 2016 and came in at 49.2 compared to 49.4 in April.
Key for Investors: 5 Issues Are Choking Real Growth in China
We think that 2016 will be challenging for the Chinese economy. With policy support and improved credit conditions, economic activity stabilized in 1Q16.
Analyzing Bullish and Bearish Views on China
Hedge fund managers had mixed opinions about China at the SALT (SkyBridge Alternatives) Conference. The conference ended on May 13.
Debate about China Signals an Inflection Point for Its Direction
Hedge fund managers such as John Burbank of Passport Capital and Michael Novogratz of Fortress Investment Group LLC turned bearish on China this year.
When China Sneezes, the World Catches a Cold!
China is the world’s second-largest economy. Its economy started going downhill due to sluggish global demand. This impacted its trading partners.
Did China’s Exports and Imports Slow Down in April?
According to customs data, China’s exports to the United States—the country’s biggest market—fell 9.3% YoY in April.
China’s Caixin Manufacturing PMI Still below Threshold in April
China’s Caixin Manufacturing PMI fell to 49.4 in April from 49.7 in March. This indicated further deterioration in the manufacturing sector.
China’s Exports Jump: Can the Growth Be Maintained?
According to the General Administration of Customs, China’s exports, in US dollar terms, jumped 11.5% YoY (year-over-year) in March.
China Crude Imports Hit Record: How Will It Affect Global Market?
The slowing Chinese crude oil production and robust demand from teapot refineries will lead to a 4% rise in Chinese crude oil imports.
The Invesco Pacific Growth Fund Sees Turbulence in 2016
From a purely net asset value return standpoint, the Invesco Pacific Growth Fund Class A (TGRAX) fell the least among its peer group during the one-year period ending March 31, 2016.
Eyeing the Threshold: Caixin China Manufacturing PMI in March
The Caixin China Manufacturing PMI rose to 49.7 in March—its highest level 13 months—from 48.0 in February, indicating deterioration in operating conditions.
China’s Exports Fell in February amid Lackluster Global Demand
China’s exports fell sharply by 25.4% YoY (year-over-year) in February—compared to a decline of 11.2% in January. It was the largest decline since May 2009.
China’s Crude Oil Imports Could Impact Crude Oil Prices
On March 8, China’s Customs Department reported that its crude oil imports hit a record. China’s crude oil imports averaged 8 MMbpd in February.
Quantitative Metrics Don’t Favor CAJAX
CAJAX is invested into stocks of companies such as Tencent Holdings, Westpac Banking, Lenovo Group, Korea Electric Power, and CNOOC.
Fast Facts about CAJAX
CAJAX aims to invest 80% of its net assets in securities of companies located in the Asia-Pacific region, excluding Japan.
Yuan Maintained 5th Position in Global Currency Payments
The yuan accounted for 2.5% of global payments in January, slightly up from 2.3% in December 2015.
SSE Composite Index Rose after Rate Cut Announcement
The SSE Composite Index rose by 4.3% from February 25 to March 3, 2016, after the PBoC announced its fifth rate cut since February 2015.
Why China’s Exports and Imports Fell Sharply in January 2016
Some analysts believe that the unexpected drop in foreign trade was mainly due to a change in the timing of the Lunar New Year.
How Do China’s Crude Oil Imports Impact the Crude Oil Market?
China’s crude oil imports fell by 20% in January 2016—compared to December 2015. It’s the lowest Chinese crude oil import level since October 2015.
Will the Year of the Monkey Bring Good Fortune to China?
The Year of the Monkey is believed to be energetic and positive. Leading up to the New Year, the Shanghai Stock Exchange Composite Index was flat for the week ending February 5 and closed at 2,763.49 points.
A Performance Breakdown of the Invesco Pacific Growth Fund (TGRAX)
In NAV (net asset value) terms, in the one year period ending January 2016, Invesco Pacific Growth Fund (TGRAX) came in second place among our nine funds.
Get Your Essentials on the Invesco Pacific Growth Fund (TGRAX)
The Invesco Pacific Growth Fund, under normal circumstances, will invest “at least 80% of its net assets in securities of issuers in the Pacific region.”
Moving Average Analysis of Chinese Oil and Gas Companies
Chinese energy companies CNOOC, China Petroleum & Chemical, and PetroChina fell below their 100-day and 20-day moving averages by an average of 11.6%.
Caixin China Manufacturing PMI Continued to Fall in January
The Caixin China Manufacturing PMI (or purchasing managers’ index) came in at 48.4 in January, slightly up from 48.2 in December.
SSE Composite Index Was Flat from January 27 to February 3
The SSE Composite Index was flat from January 27 to February 3. It ended at 2,739.25 points on February 3, 2016.
SSE Composite Index Fell Due to Depreciation Concerns
The SSE Composite Index fell by 8.1% from January 20 to January 27. It ended at 2,735.56 points. Crude oil prices fell below $30 on January 26.
Chinese Integrated Energy Companies May Rise by an Average of 25%
The Chinese energy companies CNOOC, China Petroleum & Chemical Corporation, and PetroChina have fallen below their 100-day and 20-day moving averages.
Moving Average Analysis of Chinese Energy Companies
Chinese energy companies CNOOC, China Petroleum & Chemical, and PetroChina Company have fallen below their 100-day and 20-day moving averages.
Chinese Energy Companies Trade below Moving Averages
Chinese energy companies CNOOC (CEO), China Petroleum & Chemical Corporation (SNP), and PetroChina (PTR) have fallen below their 100-day and 20-day moving averages by an average of 2.2% and 6%, respectively.
Decoding China’s Diplomatic Policy for Investors
A week after the sanctions on Iran were lifted, the growing closeness between China and Iran points toward the start of a new economic alliance.
Reading the SSE Composite Index’s Reaction to China’s Latest GDP Data
China’s GDP data grew at 6.9% in 2015 as the Chinese economy has been cooling down. This represents China’s slowest growth rate since 1990.
Comparing the Cost of Extraction and Proven Crude Reserves
Kuwait has the lowest cost of extraction of crude oil at $8.5 per barrel. Alternatively, Iran has a cost of extraction that lies around $12.6 per barrel.
China’s December Exports and Imports Were Better than Expected
According to China’s General Administration of Customs, China’s exports fell 1.4% year-over-year in December 2015, compared to a fall of 6.8% in November.
SSE Composite Index Has Fallen 12.3% in the Last Week
The SSE Composite Index fell by 12.3% from January 6 to January 13, 2016, and closed at $2,949.60 on January 13 on concerns about China’s economic growth.
Caixin China Manufacturing PMI Deteriorated Further in December
Staying below the neutral reading of 50, the Caixin China manufacturing PMI came in at 48.2 in December, down from 48.6 in November.
How the SSE Composite Index Performed Last Week
The Shanghai Stock Exchange (or SSE) Composite Index was dragged down 2.4% from December 22 to December 29 and ended at 3,563.7 points on December 29, 2015.
Leading Economic Indicator for China Rose in November
The Conference Board’s Leading Economic Indicator for China rose 0.6% in November, following a 0.3% rise in October and a 1.6% increase in September.
A Sectoral Holding Analysis of EBSAX
EBSAX holds a major portfolio of fixed income securities such as bonds and notes of various corporations and the federal government.
Negative Investor Sentiment Caused NCEAX to Fall
NCEAX fell by 1.3%. Weak PMI data, lower commodity prices, and uncertainty regarding the Fed’s interest rate hike contributed to negative investor sentiment.
The SSE Composite Index’s Performance since the Fed Rate Hike
The SSE Composite Index rose after the US Federal Reserve decided to raise the interest rate by 25 basis points. From December 9–16, 2015, the index rose 1.3% and closed at 3,516.2 points on December 16.
SSE Composite Index Falls despite China’s New IPO System
The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.
Could Investing in AQMIX Benefit Your Portfolio?
AQMIX gave a total YTD return of 4.1% to its investors. It’s better than the market S&P 500’s (SPY) YTD return of 3.5%. AQMIX is an alternative mutual fund.
Analyzing AQMIX’s Investment Methodology
As of December 10, 2015, AQMIX has a price-to-dividend yield of 3.9%. AQMIX’s three-year Sharpe ratio, a popular measure of risk, is 0.92%.
How Did AQMIX Perform Compared to the Market?
The AQR Managed Futures Strategy Fund STR I (AQMIX) uses the modern alternative hedge fund strategy “Managed Futures” for investment purposes.
Alternative Mutual Funds: A Structural Analysis of AQMIX
AQMIX is an alternative mutual fund that invests in long and short positions across global equities, fixed income, currencies, and commodities.
Caixin China Manufacturing PMI Stabilizes in November
The Caixin China Manufacturing PMI was 48.6 in November, slightly up from 48.3 in October, as manufacturing units signaled stabilized output in November.
Iran Could Become OPEC’s Leading Natural Gas Producer
The market is expecting that after the ban is lifted, Iran will be the leading natural gas producer in OPEC. The cartel has been led by Saudi Arabia.
Why China’s Industrial Profits Fell Sharply in October
According to the National Bureau of Statistics of China (or NBS), China’s industrial profits fell sharply by 4.6% in October from a year earlier.
Why the SSE Composite Index Fell Last Week
The SSE Composite Index fell 5.3% week-over-week and ended at 3,436.3 points on November 27, 2015, after several large broking houses came under investigation.
Are Moving Averages Bearish for Chinese Energy Companies?
CEO, SNP, and PTR are trading 9%, 8%, and 17%, respectively, below their 100-day moving averages.
Performance of SSE Composite Index for Week Ended November 13
The SSE Composite Index fell 0.25% and closed at 3,580.8 points for the week ended November 13, 2015. The SSE Composite Index was down after most of China’s macroeconomic indicators pointed to a slowdown.
Portfolio Composition of China-focused Mutual Funds: ALQAX and RSCHX
The AllianzGI China Equity Fund Class A (ALQAX) and the RS China Fund Class A (RSCHX) benchmark their performance to the MSCI China Index.
Assessing the Performances of China-Focused Mutual Funds in 3Q15
In the quarter that ended on September 30, 2015, the returns of all four of our selected China-focused mutual funds were negative.
The Shanghai Stock Exchange Composite Index Was Up October 16–23
The SSE Composite Index was up by 0.6% from October 16 to October 23, 2015, and ended at 3,412.43 points on the week ended October 23, 2015.
Performance of 4 China-Focused Mutual Funds in September 2015
For the one-month ended September 30, 2015, the Clough China Fund Class A (CHNAX) stands out as the worst performer of our China-focused mutual funds with a return of -2.2%.
Conference Board’s LEI Rose in August 2015 for China
The Conference Board LEI (Leading Economic Indicator) for China aggregates six economic indicators that measure economic activity in China.
China’s Industrial Production Data for August 2015
China’s industrial production data were weaker than expected and grew by 6.1% year-over-year, or YoY, in August.
Turbulence in China’s Stock Market
Due to recent stock market turbulence in China’s stock market, the SSE (Shanghai Stock Exchange) Composite Index was down 22.7% month-over-month and ended at 3,200.23 points on September 11.
What Led to the Fall in China’s Forex Reserves?
China’s stock market has been in turmoil since June 2015. Its stock market had been soaring, but after May, there was a share selloff, which led to a crash.
What Are the Portfolio Compositions of CHNIX and MCHFX?
Stocks from the financial sector form the biggest chunk of both funds. These stocks make up 33.9% of CHNIX, while forming 23.8% of the MCHFX.
Indian Population Irked by Consumer Prices, Especially Food
Consumer prices have come down, with the CPI rising by just 4.9% in April 2015, compared to 8.5% a year ago. Yet food inflation shot up to 5.7% in April 2015.
Chinese stock market is opening up to foreign investment
On November 17, China took its first step towards opening up its stock market to foreign investment with the Shanghai-Hong Kong Stock Connect program.
Key highlights: Schlumberger drilling group’s 3Q14 performance
Revenues increased primarily on account of higher offshore activity in Mexico, Russia, and North America. Rig revenue from Saxon also attributed to the growth.
Why Petrobras engages in certain production agreements
Petrobras (PBR) explores, develops, and produces energy through three kinds of agreements in Brazil—the Concession agreement, the Assignment agreement, and the Production Sharing agreement.