Dow Jones Industrial Average (Dow 30)
What S&P 500 Index Moving Averages Could Indicate
The S&P 500 Index is trading 1.2% above its 20-day moving average and 6% above its 100-day moving average.
Inside Schlumberger’s 1-Year Returns as of June 16
Schlumberger’s trailing-one-year stock price has fallen 12% as of June 16, 2017, while XLE, the broader energy industry ETF, has fallen 3%.
These Key Economic Indicators Were Released Last Week
In this series, we’ll take a look at the global final manufacturing PMIs and services PMIs for March 2017. These indicators help us understand the business condition of an economy.
WFT, FMSA, and SPN: Returns and Outlook after 3Q17
WFT, SPN, and FMSA have significantly underperformed the SPDR S&P 500 ETF (SPY), which has produced 23.0% returns since November 3, 2016.
Why BTIG Is Bullish on PayPal
PayPal (PYPL) could have bright prospects despite the competitive threat it faces from Square and Apple in the online payment market, according to equity research firm BTIG.
Crude Oil Is Firming: Are Traders Looking for a Breakout?
US crude oil April futures rose 0.4% in the week ending on February 24, 2017. WTI crude oil April futures closed at $53.99 per barrel on February 24.
These Stocks Were the Biggest Oilfield Services Losers Last Week
In the week ending September 8, 2017, Flotek Industries (FTK) led the losing stocks from the oilfield services sector.
Why Larry Fink Thinks Markets Could See Some Setbacks
In a recent interview with CNBC, Larry Fink, CEO of BlackRock (BLK), shared his views on market movement, the US economy, and the dangerous impact of the lower interest rates.
What Analysts Recommend for Integrated Energy Stocks
BP has the most “hold” ratings among the four stocks we’ve discussed in this series.
Is $30 for Crude Oil Coming?
US crude oil (USO) (OIIL) (USL) (DBO) futures contracts for May delivery closed at $48.24 per barrel on March 21, 2017.
Natural Gas Prices Driving Chesapeake Energy Stock in 2017
Chesapeake Energy’s (CHK) 2016 debt management efforts included a combination of debt exchanges, open market repurchases, and equity-for-debt exchanges.
Schlumberger’s 1-Year Returns on August 11
Schlumberger’s (SLB) one-year stock price fell 21.0% as of August 11, 2017. In the past year, the Energy Select Sector SPDR ETF (XLE) has fallen 7.0%.
Natural Gas Prices: Is a Reversal Possible?
On July 19, 2017, natural gas August futures closed at $3.07 per MMBtu (million British thermal units), 0.7% below their previous settling price.
Shell’s Upstream Portfolio: Is it Poised to Grow?
Royal Dutch Shell (RDS.A) produced 3.8 MMboepd in 1Q17 from its worldwide operations, compared to 3.7 MMboepd in 1Q16.
What’s the Forecast for Shell Stock for the Next 7 Days?
Implied volatility in Royal Dutch Shell (RDS.A) has fallen 4.9% since July 3, 2017, to the current level of 12.8%.
How Did Markets Respond to April Jobs Data?
Non-farm payrolls in April showed a marginal improvement compared to March.
How Volatility Is Affecting Market Movement
The CBOE Volatility Index rose 0.6% in March 2018.
Why COG Is the Second-Best-Performing Upstream Stock Year-to-Date
In 9M17, Cabot Oil & Gas (COG) reported revenues of ~$1.4 billion, which is ~63.0% higher than its 9M16 revenues of ~$839.0 million.
What Goldman Sachs Thinks about Bank of America
Bank of America (BAC) is currently trading at $25.26. Its 52-week high is $25.80 and 52-week low is $12.05.
Election Over, Market Still Undecided
We know the nation is politically divided, and now the market is showing us its split personality as well.
How Did Phillips 66 Stock Perform after Its 1Q18 Earnings?
On April 27, Phillips 66 opened at $110.8 per share—lower than the previous close of $112.5. Phillips 66 opened lower despite its 1Q18 earnings beat.
Why Energy Could Spell Worry for Wall Street Bulls
US crude oil (USO) (USL) April futures fell 6.3% between March 2, 2017, and March 9, 2017. The fall in XLE corresponded with weakness in crude oil prices.
US Indexes Fell Sharply—Is a Trade War with China in the Offing?
On March 22, 2018, President Trump announced the imposition of retaliatory tariffs on up to $60 billion on China’s imports.
Comcast Moves To Boost Growth In Business Unit
In 3Q17, Comcast’s Business Services segment generated revenues of $1.6 billion, which rose 12.6% year-over-year.
Apple Hopes to Prevail in Several Patent Lawsuits
Apple is embroiled in high-stake patent disputes with Qualcomm (QCOM) and Nokia (NOK) featuring suits and countersuits.
Why Buffett Believes US Businesses Aren’t Really Hurting from the US Corporate Tax
The US economy has been improving gradually, but some businesses in the US have suffered a lot over the years.
The Boon of Tax Reform and Infrastructure Spending: More Than Just High Hopes?
President Trump is expected to submit a tax reform and infrastructure spending package to Congress this year—all aimed at increasing business investments.
Tracking Natural Gas–Weighted Stocks after the Inventory Report
On December 13, 2017, natural gas (UNG) (BOIL) January futures rose 1.4% and closed at $2.715 per MMBtu (million British thermal units).
US Dollar and Oversupply Concerns Pressure Crude Oil Prices
March WTI (West Texas Intermediate) crude oil (ERX) (IEZ) (USO) (PXI) futures contracts fell 1.6% and settled at $52.17 per barrel on February 7, 2017.
Backwardation: What It Could Mean for Crude Oil Prices
When the crude oil futures forward curve to slopes downwards, the situation in the crude oil futures market is called “backwardation.”
Why J.P. Morgan Believes the Market Rally Could Pause
Various US indexes such as the S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite have performed well since the US election.
Why Oil Prices Could Increase More
On January 22, 2018, US crude oil active futures were 3.1%, 7.8%, 15.8%, and 23.7% above their 20-day, 50-day, 100-day, and 200-day moving averages.
XOM, CVX, RDS.A, BP: Integrated Energy Stocks Compared to SPY
In this series, we’ll do a cross-sectional analysis of integrated energy stocks. We’ll examine their moving average crossovers, price forecasts, analyst ratings, and much more.
What Does the IEA Think about the Oil Market?
On January 17, US crude oil March futures fell 0.5% and settled at $52.36 per barrel. In the trailing week, US crude oil prices fell 1%.
How the Inventory Spread Could Boost Natural Gas Prices
In the week ended October 6, natural gas inventories rose by 87 Bcf (billion cubic feet) to 3,595 Bcf—13 Bcf more than the market expected inventories to rise.
Are Supply Fears Returning to the Oil Market?
On December 5, 2017, the January 2018 futures contract for US crude oil settled at a premium of $2.5 to January 2019 futures.
Oil Inventory Spread Could Help Oil Prices Rise
On May 24, 2017, the EIA released crude oil inventory data for the week ending May 19, 2017. It reported a fall of ~4.4 MMbbls in oil inventories.
Saudi Arabia Cutting Oil Exports: Which Stocks Could Gain?
On July 24, 2017, US crude oil (USO)(DBO)(USL) September futures rose 1.2% and closed at $46.34 per barrel.
Natural Gas above $3: Which Gas–Weighted Stocks Could Gain?
On September 1, natural gas (UNG) October futures closed at $3.07 per MMBtu (million British thermal units). On the same day, natural gas prices rose 1%.
China’s Economic Data Might Drag Oil Prices
On December 14, China reported the November industrial output growth at 5.4% on a year-over-year basis—the lowest growth since early 2016.
Why Twitter Can Afford to Be Vague about ‘Fake News’
After rumors that Twitter (TWTR) was developing a feature that would be dedicated to combating “fake news,” the company came out to deny those claims.
Revisiting the Case: How Does Cleveland-Cliffs Look Now?
Cleveland-Cliffs (CLF) has witnessed a turnaround of sorts in the last four years.
How Flotek Could React to Upstream Operators’ Capex and the Rig Count
From 1Q16 to 1Q17, Flotek’s EBITDA margin shrank to 3.3% from 4.1%. FTK’s EBITDA margin has been 1.7%, on average, for the past five quarters.
Why Is Amazon Opening Physical Bookstores?
According to PricewaterhouseCoopers, the global book market could grow to $121.1 billion by 2020, up from $114.8 billion in 2016.
Will Trade Based on Buying Natural Gas and Selling Oil Unwind?
On December 11, natural gas January futures fell 3% and settled at $4.41 per million British thermal units.
How Schlumberger Stock Has Performed in the Past Year
In this series, we will look at investors’ short interest in Schlumberger and SLB’s implied volatility.
Crude Oil’s Recovery Could Be Difficult
WTI (West Texas Intermediate) crude oil June futures closed at $46.22 per barrel on May 5, 2017—a 1.5% rise from the previous trading session.
EIA Inventory Data Might Concern Oil Bulls
In the week ending January 4, US crude oil inventories were 8% higher than their five-year average—the same as the previous week.
Will the Energy Sector Enter a Bear Market?
On March 23, 2017, US crude oil futures contracts for May delivery closed at $47.70 per barrel—an ~0.7% fall over the previous trading session.
Natural Gas Is near a Nine-Month High: What’s Next?
On November 6, natural gas December futures fell 0.3% from a nine-month high and settled at $3.56 per MMBtu.
What Does Jack Bogle Predict for US Real GDP?
In 4Q16, US (SPY) (QQQ) (IVV) (VFINX) real GDP grew at an annual rate of 1.9% compared to a 3.5% rise in 3Q16.
What Are Large Oilfield Companies’ Correlations with Crude Oil?
The correlation coefficient between Schlumberger’s stock price and crude oil prices from January 11, 2017, to January 11, 2018, was 0.47.
Natural Gas Prices: What Could Happen on January 24?
On January 24, at 5:39 AM EST, natural gas prices have risen 1.7% from the last closing level.
ExxonMobil, Chevron, Shell, BP: Which One Is Analysts’ Favorite?
Royal Dutch Shell (RDS.A) has received the most “buy” ratings, most likely due to its strategy to cut capex, reduce costs, and divest non-competitive assets.
Inventories Spread Could Boost Your Long Bets on Oil
The EIA’s crude oil inventory report for the week ending July 14 will be announced on July 19. Analysts expect crude oil inventories to fall by 3.6 MMbbls.
Why Oil Prices Could Lose Momentum
On January 25, 2018, US crude oil’s (USO) (USL) March 2018 futures fell 0.2% and settled at $65.51 per barrel.
US Crude Oil Is 3.1% Away from a Bear Market
On November 5, US crude oil December futures fell 0.1% and settled at $63.1 per barrel—the lowest closing level since April 6.
Why Oil Rigs Could Stymie Oil’s Gains
For the week ended December 29, 2017, the US oil rig count was unchanged at 747, but it has risen 42.3% from last year.
Will the Sharp Sell-Off in Europe and China Impact Oil Prices?
On September 28–October 5, US crude oil November futures rose 1.5% and closed at $74.34 per barrel on October 5.
Can Chevron Stand up to Exxon Mobil?
But XOM managed to generate positive segment revenue and earnings in 2016, which places XOM in a better position than CVX for dividend chasers.
The Big Push for Oil this Year
Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. Let’s take a closer look.
What Are Schlumberger’s SPM Project Plans?
In the past one year, SLB has performed nearly in line with the industry ETF and has hugely underperformed the broader market index.
Sell-Off in US Stocks as US Treasury Yields Soar
On October 3, US bond yields (BND) soared due to a bond sell-off. The sell-off continued on October 4, though at a slower pace.
Why Was Energy Sector a Drag for Investors despite Rise in Oil?
Between April 6 and April 13, 2017, the Energy Select Sector SPDR ETF (XLE) fell 1.9%.
Why Is the Risk in Oil Prices Rising?
On December 5, 2017, US crude oil (USO) (USL) January 2018 futures rose 0.3%. The API’s oil inventory data might have supported oil prices on the same day.
Oil Traders: Goldman Sachs Expects a Slowdown
On January 14, US crude oil February futures fell 2.1% and settled at $50.51 per barrel. The Energy Select Sector SPDR ETF (XLE) fell 0.2%.
Could Crude Oil Prices Fall to $40 in April 2017?
OECD commercial crude oil and other liquids inventory days of supply could rise in April, possibly pushing oil prices back near $40.
Rising Inventories Spread Might Drag Oil Prices
In the week ending on November 2, US crude oil inventories were 3% above their five-year average.
Where Oil Prices Could Head this Week
Between November 10 and November 17, US crude oil (USO)(USL) January futures fell 0.5%—the first weekly loss in the last six weeks.
US Natural Gas: Will It Maintain the $3 Mark?
On September 6, natural gas October futures rose 0.9% and settled at $3 per MMBtu. On August 30–September 6, 2017, natural gas October futures rose 2.1%.
Why Most Analysts Are Calling Marathon Petroleum a ‘Buy’
Marathon Petroleum (MPC) has been rated by 19 Wall Street analysts. Seventeen analysts (or 89%) have rated it as a “buy” so far in May 2017.
What Are Baker Hughes’s 2018 Growth Prospects?
Baker Hughes, a GE company (BHGE) released its financial results for 4Q17 on January 24, 2018. Immediately following the earnings release, BHGE’s stock reacted negatively.
AvalonBay: What’s Driving the Dividend and Valuations?
AvalonBay’s revenue grew 7% in the first quarter, driven by rental and other income.
Which Oil-Weighted Stocks Might Be Most Affected by OPEC Meeting?
On December 5, US crude oil January futures fell 0.7% and closed at $52.89 per barrel.
Will George Soros’s Position in IWM Provide a Strong Return?
According to the recent 13F filings, Soros Fund Management has increased its position in the iShares Russell 2000 ETF (IWM) by 36% in 1Q17 compared to the previous quarter.
Natural Gas’s Multiyear Rise Might Not Be Stoppable
On November 13, natural gas December futures rose 8.3% and settled at $4.10 per MMBtu—the highest closing level since November 26, 2014.
Is IBM Plotting to Put PayPal Out of Business?
IBM (IBM) announced in February 2017 that it was teaming up with Visa (V) to enable people to pay for goods and services through virtually any connected device.
US Oil Production Growth Might Slow Faster than Expected
The oil rig count could keep rising until at least March. By the second quarter, US crude oil production growth might slow down.
Oil Might Feel Pressure from US-China Trade Talks on January 28
Between January 18 and January 25, US crude oil March futures fell 0.6% and closed at $53.69 despite a fall in the US dollar.
Why Oil Traders Should Stay Cautious after OPEC Meeting
On November 30, 2017, US crude oil (USO) (USL) active futures rose just 0.2% and closed at $57.4 per barrel.
Don’t Get Too Carried Away with Record Chinese Copper Imports
China is the world’s biggest copper importer.
What Rising Global Oil Inventories Could Mean for Crude Prices
US crude oil futures contracts for April delivery closed at $47.72 per barrel on March 14, 2017—1.4% lower than the previous day’s closing price.
Are Oil Bulls in Trouble?
WTI (West Texas Intermediate) crude oil June futures closed at $49.62 per barrel on April 21, 2017—a 2.1% fall from the previous trading session.
BP on the Street: Analyst Ratings Prior to the 1Q17 Results
Of the 11 analysts covering BP stock, four (36%) have assigned “buy” or “strong buy” ratings, while seven (64%) have assigned “holds.” None has assigned a “sell.”
What Challenges Does Baker Hughes Face?
Baker Hughes (BHI) released its financial information for 1Q17 on April 25, 2017.
U.S. Steel Corporation’s 1st-Quarter Conundrum Continues
U.S. Steel Corporation released its 1Q18 results yesterday after markets closed.
Will Non-OPEC Oil Supply Dominate Oil Prices in 2018?
On December 14, 2017, US crude oil (USO) (USL) January 2018 futures rose 0.8% and closed at $57.04 per barrel.
Are Equity Markets’ Valuations Stretched?
The International Monetary Fund (or IMF) also warned that the downside risks to the world financial stability have increased over the past six months.
Aluminum Prices Reflect the Impact of Tariffs and Sanctions
Aluminum prices rose sharply after the imposition of sanctions on RUSAL, which accounts for ~6.0% of global aluminum production.
Oil Market Could Be Pricing in a Supply Deficit
The rise in the premium, along with the rise in oil prices in the trailing week, could mean that the market expects a supply deficit in the oil market.
Oil-Weighted Stocks at Maximum Risk, Oil Declines
On October 17, US crude oil November futures fell 3% and closed at $69.75 per barrel—below $70 for the first time since September 18.
Midstream Stocks: How Returns Affect Implied Volatility
Teekay LNG Partners (TGP) stock has risen 37.9% in the past year as of March 20, 2017.
Is Oil Causing Trouble for Wall Street?
Between November 9 and November 16, 2017, the S&P 500 Index (SPY) had a correlation of 42.5% with US crude oil (OIIL) active futures.
Why Inventory Data Might Boost Oil Prices
In the week ended August 31, 2018, US crude oil inventories were almost on par with their five-year average.
Understanding the Economic Sense behind Amazon’s Echo Show
Amazon (AMZN) has a brand new Echo smart speaker called Echo Show. Including Echo Show, there are now five variants of Echo-branded products.
Whiting Petroleum Stock Changes Track, Shows an Upward Trend
Whiting Petroleum stock has returned -25% since the beginning of 2017. It’s underperformed the Energy Select Sector SPDR ETF, which has seen a return of -8.2% during the same period.
Crude Oil Falling to $30? Which Oil-Weighted Stocks to Avoid
On March 27, 2017, WTI (West Texas Intermediate) crude oil May futures closed at $47.73 per barrel, ~0.5% lower than their previous closing price.
Oil’s Fall: A Reversal or a Breather in the Rally?
On August 1, 2017, US crude oil September futures closed at $49.16 per barrel—2% below their closing price on July 31, 2017.
Natural Gas Prices Could Rise in 2018
On January 2, 2018, natural gas (UNG) (FCG) February 2018 futures rose 3.5% and closed at $3.056 per MMBtu (million British thermal units).
Analyzing Weatherford’s Stock in the Past Year
In the past year, Weatherford International stock has fallen 19% as of August 4, 2017. It has underperformed the VanEck Vectors Oil Services ETF (OIH).