SPDR® S&P MidCap 400 ETF

The hottest topic for market players right now is the interest rate hike. Last week’s labor releases spurred the recovery. Many investors had thought the recovery was flagging.

During its 3Q16 earnings call, Alcoa lowered the business targets for all three segments under Arconic.

The institutional holdings in Valero Energy (VLO) are higher than the institutional holdings in Marathon Petroleum (MPC), Phillips 66 (PSX), and Western Refining (WNR).

On March 31, 2017, Basic Energy Services’ (BAS) stock price had fallen 6% from December 30, 2016.

Why it’s becoming increasingly difficult to expect sustainable prosperity from additional consumption in the U.S. economy.

Arconic is scheduled to release its 1Q17 earnings on April 25. ARNC was listed as a separate entity on November 1, 2016, when Alcoa split into two entities.

Marathon Petroleum stock has plunged 7% year-to-date. Due to its falling price in 1Q17, the stock has broken below its 50-day moving average.

Patterson-UTI Energy’s (PTEN) dividend yield fell to 0.29% on March 31, 2017. Since then, its dividend yield has risen to 0.38% as of June 2, 2017.

In 1Q17, there were rumors that Rio Tinto (RIO) could acquire Alcoa.

In 3Q17, Jim Chanos has made a substantial investment in the finance sector (XLF) and various ETFs.

Alcoa (AA) released its 1Q17 earnings on April 24 after the markets (MDY) (MID-INDEX) closed. It held the conference call the same day.

As of April 28, 2016, Domino’s Pizza (DPZ) was trading at $120.5. The share price might have already priced in the estimates that we discussed earlier in this series.

The ISM will release the manufacturing PMI for August on September 2. The PMI is a composite measure of economic activity. It’s based on surveys of private-sector firms.

Another common investor mistake is to have an under diversified portfolio. In a 1991 to 1996 study of the customers of a large US discount brokerage, more than 25% held only one stock and more than 50% held three or fewer stocks.

Six Flags’ share price on May 10, 2010, reflects $7.36 per share, the price of new common stock upon the company’s emergence from bankruptcy.

Yesterday, Mike Wilson said in an interview with CNBC, “Risk reward still not great.” Morgan Stanley’s chief strategist is expecting a recession.

In the trailing week, SPY, MDY, and DIA’s returns were 0.8%, 0.7%, and 1.7%, respectively. During this period, US crude oil May futures fell 2.2%.

Mednax (MD) has a proven track record of expertise in the administration of physician services and a methodical approach to clinical data warehousing in fields such as research, education, and quality.

In the last one month, WPX Energy stock’s median target price has risen from $16.00 to $16.50.

In the last one-month period, Marathon Oil stock’s median target price has increased from $17.00 to $17.25.

In 2Q17, Bioverativ’s Alprolix generated revenues of ~$89.7 million, which represents ~12% growth YoY (year-over-year) and ~4% growth sequentially.

In 2Q17, United Therapeutics’ (UTHR) Unituxin generated revenues of around $16 million, a 10% decline on a year-over-year (or YoY) basis and an 11% decline on a quarter-over-quarter basis.

Bioverativ (BIVV) expects its 2017 GAAP and non-GAAP operating margins to fall 38.0%–42.0% and 43.0%–47.0%, respectively.

To target patients across communities, Abiomed (ABMD) has been developing a hub-and-spoke model with hospitals.

In 1Q17, Align Technology’s (ALGN) Invisalign sales volumes in North American markets rose YoY by 20.3% and QoQ by 8.3%.

Patterson-UTI Energy’s capex budget for 2017 is $450.0 million. That’s 275.0% higher than its 2016 capex.

Valero’s crack indicators have fallen in all of these areas in May 2017 (as of May 23) as compared to April 2017.

Refiners’ cash flows have turned volatile over the past few quarters due to volatile refining earnings.

In 1Q17, Bio-Rad Laboratories’ (BIO) Life Science segment reported revenues of ~$174.3 million, which represents a YoY rise of ~5.1%.

MPC’s valuations are above the peer averages likely because it’s now in the process of restructuring its organization to unlock value.

In 1Q17, WellCare Health Plans (WCG) reported revenues of ~$3.9 billion, which totals year-over-year growth of around 11.7%.

Tesoro (TSO) has been rated by 18 analysts. Of those, 12 have assigned the stock a “buy” or “strong buy” rating.

After its earnings, Phillips 66 was rated by 19 analysts. Four analysts gave it a “buy,” 15 gave it a “hold,” and no analysts gave it a “sell.”

Since January 3, 2017, TSO stock has fallen 9.8%. Comparatively, crude oil prices have fallen 5.2%, and natural gas prices have fallen 5.6% year-to-date.

In this article, we’ll analyze the key updates the markets are waiting for in U.S. Steel’s 1Q17 earnings call.

Of the 21 analysts covering Valero Energy (VLO), 12 (57%) analysts have assigned “buy” or “strong buy” ratings, while nine (43%) have assigned “hold” ratings.

Previously, we looked at AK Steel’s (AKS) 1Q17 earnings estimates. In this article, we’ll look at some key updates the markets could be anticipating in the company’s 1Q17 earnings call.

Valero Energy (VLO) has witnessed a rise in its short interest since mid-February 2017.

U.S. Steel Corporation will release its 1Q17 earnings on April 24 after the market closes. The company’s earnings conference call will be on April 25.

Aluminum premiums are key indicators that investors in primary producers such as Century Aluminum (CENX), Norsk Hydro (NHYDY), and Rio Tinto (RIO) should track.

Short interest in Nabors Industries (NBR), as a percentage of its float, rose to 11.5% as of March 31, 2017—compared to 6.5% as of December 30, 2016.

In this article, we’ll look at February 2017’s flat rolled steel imports and study whether there’s a divergence in the imports of these products.

In this article, we’ll compare Tesoro’s (TSO) PEG ratio (price-to-earnings to blended growth rate) to those of its peers. We’ve considered the mean estimate of PEG.

ArcelorMittal’s mining operations generated an operating income of $203 million in 4Q16, almost double what they generated in 3Q16.

AK Steel (AKS) closed at $7.95 on March 14—0.8% higher than the previous day’s closing. So far, 2017 has been a dismal year for AK Steel investors.

Valero’s Midcon crack indicator rose to $11.90 per barrel in 1Q17 from $10.90 per barrel in 4Q16.

For 2016, Consol Energy’s (CNX) Pennsylvania mining operations, which is part of its coal division, expects coal production of 23.6 million–24.4 million tons.

Demand for Gold Withstood Recent Selloff Despite the drop in the gold price in October, demand for gold bullion-backed exchange traded products (ETPs) held firm. Inflows have no doubt slowed down compared to earlier in the year (0.4% increase in holdings in October compared to 12% and 6% increases in February and June respectively), but […]

U.S. Steel’s earnings guidance During its 3Q16 earnings call, U.S. Steel Corporation (X) cut its fiscal 2016 EBITDA (earnings before interest, tax, depreciation, and amortization) guidance to $475 million. The company also reduced its net income guidance and now expects to post a net loss of $355 million this year. We should note that this […]

U.S. Steel (X) announced a $30 increase in flat-rolled steel products. Some of the other producers including AK Steel (AKS) have also followed suit.

The issue of the Fed’s credibility is not a new one. The effectiveness of the prolonged monetary accommodation has sparked a lot of debate in the past.

Versum Materials (VSM), a spin-off company of Air Products and Chemicals, will be added to the S&P MidCap 400 after the close of trading on September 26.

Though Remodulin is expected to face generic competition starting in 2018, UTHR is confident in maintaining the majority of its market share.

The EIA (U.S. Energy Information Administration) expects crude oil production to slow down at the key US shales.

In terms of the macro calendar, the major data releases for the week starting August 15 from the US side will include the CPI and the building permits release.

After losing ~84% of its market capitalization between September 2014 and February 2016, Marathon Oil’s stock price has begun to show signs of new uptrends.

For 2Q16, Devon Energy (DVN) expects total production in a range of 616 Mboe (thousand barrels of oil equivalent) to 653 Mboe per day.

In response to the ongoing coal market uncertainty in early 2016, Consol Energy’s (CNX) coal division has reduced its 2016 expected sales forecast to 27 million–32 million tons.

In this article, we’ll analyze how Superior Energy Services’ (SPN) operating cash flows trended over the past few quarters.

Revenue growth drives earnings and, in turn, raises investor confidence. In 1Q16, casual dining restaurant companies in our series posted a median revenue growth of 6.9%.

By the end of 2015, CAKE was operating 188 The Cheesecake Factory restaurants, 12 Grand Lux Cafes, and one RockSugar Pan Asian Kitchen restaurant.

By the end of 2018, Encana expects Montney to produce 1 Bcf per day of natural gas and 50,000 barrels of liquids.

The Cheesecake Factory has positioned itself as an upscale casual dining concept that focuses on providing a distinctive, high-quality dining experience.

According to a Bloomberg survey of 17 analysts, 29.4% recommended a “buy,” 64.7% recommended a “hold,” and 5.9% recommended a “sell.”

In 1Q16, analysts are expecting Domino’s Pizza to post an EPS of $0.98. The increased revenue and EBIT margin expansion are expected to drive the EPS growth.

Since the beginning of 2016, Panera Bread’s PE ratio has been trading at 29.4x–32.9x. As of April 17, 2016, it was trading at 30.9x.

Analysts expect a healthy 15% earnings growth for Noble in the next three to five years. This could boost NE’s valuation in the medium to long term.

The volatility of the financial markets began in 1997 when the currency markets in Thailand decided to no longer peg their currency to the US dollar. This spread rapidly to other Asian countries.

Centene managed to increase its public exchange membership from 75,000 members in 2015 to 146,000 members in 2015.

The US Dollar Index rose to a high of 94.6 when the labor and inflation data were released on October 15, 2015. The US Dollar Index closed at 94.4.

Companies with strong balance sheets could still outperform amid challenging market conditions. We’ll explore different steel companies’ leverage ratios.

Nucor reported a 2Q15 EPS of $0.39, beating analysts’ estimates for its financial performance. Its share price then went up ~3%.

US steel imports have now fallen on a yearly basis for four consecutive months.

The annual Jackson Hole Symposium attracts a high-profile audience including finance ministers, central bankers, and academics from around the world.

U.S. Steel’s Flat-Rolled segment posted negative EBIT of $24 per ton in 2Q15. This represents a slight improvement over 1Q15 results.

Since 98% of mined iron ore goes into making steel, it’s important to track steel production. This helps decipher trends for iron ore demand.

Engaged Capital’s relationship with Rovi dates back to April 2013, when the fund first invested in the company.

The Fed will release the consumer credit figures on Tuesday, July 8. This is a monthly release. Its headline number is total consumer debt.