S&P Mid Cap 400
Have US Equity Indexes Made Oil’s Fall Sharper?
The Technology Select Sector SPDR ETF (XLK) rose 2%. XLK was the outperformer among sector-based SPDR ETFs.
Will Natural Gas Rise from Almost a Ten-Month Low?
On February 5, natural gas March futures rose 0.1% and settled at $2.66 per MMBtu—the second-lowest closing level since April 19.
Will US Crude Oil Maintain the $54 Level on February 5?
On February 4, US crude oil prices fell 1.3% and settled at $54.56 per barrel. US crude oil active futures made an intraday high of $55.75.
Analysts Might Have Helped Oil’s Rise
On January 24–31, XLE rose 2.6%—the sixth-largest rise among the SPDR ETFs that break the broad market into subsectors.
Natural Gas Is Heading for More than a Four-Month Low
On January 30, at 6:05 AM EST, natural gas March futures fell 1.7% from the last closing level.
Is the Sharp Rise in Natural Gas Sustainable?
On January 16, at 7:37 AM EST, natural gas prices have risen by 1.7 cents from the last closing level.
Broader Market Might Have Pushed Oil Higher
On January 3–10, XLE rose 7.7%—the third-largest gainer among the SPDR ETFs that break the broad market into subsectors.
Will Natural Gas Stay above $3?
On January 8, natural gas February futures rose 0.8% and settled at $2.96 per million British thermal units.
Oil: Famous Recession Indicator Might Be a Concern
On January 2, US crude oil active futures settled at $46.54 per barrel—2.5% higher than the last closing level due to short covering.
What Might Spook Natural Gas in Early 2019?
On December 31, natural gas February futures fell 11% and settled at $2.94 per million British thermal units.
What’s Hindering Natural Gas’s Rise?
On December 24, natural gas February futures fell 8.7% and settled at $3.42 per million British thermal units.
Will the Rebound in Oil Prices Be Short-Lived?
On December 26, US crude oil active futures settled at $46.22 per barrel—8.7% higher than the lowest closing level since June 21, 2017.
Analyzing the Energy Sector Last Week
On December 7–14, US equity indexes ended in the red. Last week, IVOO, SPY, and DIA fell 2.7%, 1.3%, and 1.2%, respectively.
US Equity Indexes and Oil Diverged
On December 6–13, XLE fell 1.4%—the fourth-lowest decline among the SPDR ETFs that break the broad market into subsectors.
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.
Bank of America Eyes Oil at $70 in 2019
Bank of America Merrill Lynch (BAC) expects Brent crude oil to average ~$70 per barrel in 2019, according to a CNBC report.
Why Are Oil and Equity Indexes Diverging?
Last week, the S&P Mid-Cap 400 (IVOO), the S&P 500 (SPY), and the Dow Jones Industrial Average (DIA) fell 5.2%, 4.6%, and 4.5%, respectively.
Russia’s Production Cut Decision Could Make or Break Oil Prices
OPEC members have provisionally decided to implement production cuts but are waiting for Russia to agree to a cut.
What Caused the Upside in Natural Gas Prices?
On December 4, natural gas January futures rose 2.7% and settled at $4.457 per million British thermal units.
Why Oil Might Be Troubling Wall Street
On November 15–21, US equity indexes had the following correlations with US crude oil January futures.
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.
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.
Why Are Energy ETFs Bleeding
On October 19–26, US equity indexes ended in the red. Last week, DIA, SPY, and IVOO fell 3%, 3.9%, and 4.1%, respectively.
Oil Might Have Impacted the Fall in Equity Indexes
In the trailing week, the Utilities Select Sector SPDR ETF (XLU) rose 0.4%—the only gainer on our list.
Are Natural Gas Bulls Betting on Hurricane Michael?
On October 9, natural gas November futures were almost unchanged and settled at $3.27 per MMBtu.
Here’s Why Dominion Energy Stock May Gain Upward Momentum
On October 3, Dominion Energy’s (D) 50-day moving average was 0.9% higher than its 200-day moving average.
EIA Data: Will Oil Bulls Lose Hope for Another Multiyear High?
The EIA reported a rise of 8 MMbbls (million barrels) in US crude oil inventories to 404 MMbbls for the week ended September 28.
Is Oil Pushing Wall Street Higher?
On September 13–20, XLE rose 1.7%—the third-highest gainer among the SPDR ETFs that break the broad market into subsectors.
Natural Gas Bears Might Enjoy a Short Position from This High
On September 18, natural gas October futures rose 4.2% and settled at $2.933 per MMBtu (million British thermal units).
Is Oil Boosting Equity Indexes?
Between September 7 and 14, US equity indexes rose.
Has Oil Impacted Equity Markets?
Between August 30 and September 6, 2018, the Energy Select Sector SPDR ETF (XLE) fell 2.9%.
Did Oil’s Fall Impact the S&P 500 Index?
On August 3–10, US equity indexes reported small declines. Last week, DIA fell 0.6%, while SPY and IVOO each fell 0.2%.
Why Oil Could Halt the Broader Market’s Recovery
DIA, SPY, and IVOO have energy sector exposures of ~5.5%, ~6.3%, and ~5.3%, respectively.
Is Oil Dragging US Equity Indexes?
Between May 18 and May 25, US crude oil July futures fell 4.9%.
Have Oil and Equity Markets Moved Inversely?
Between April 12 and April 19, 2018, the Energy Select Sector SPDR ETF (XLE) rose 4.3% and was the top performer among the SPDR ETFs.
Did Bearishness in Equity Markets Cause Oil’s Fall?
On March 29–April 6, 2018, the Energy Select Sector SPDR ETF (XLE) fell 0.1%—the least on our list of SPDR ETFs.
Analyzing Oil and the US Equity Market
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%.
Have Oil and Wall Street Diverged?
The US equity indexes’ correlations with US crude oil April futures between March 8 and March 15 were…
Did Wall Street Ignore Oil’s Rise?
On February 15–22, 2018, the Energy Select Sector SPDR ETF (XLE) fell 1.4%—the third-largest loser on our list of sector-based SPDR ETFs.
Are Wall Street Indexes Motivated by Oil’s Moves?
On January 25–February 1, 2018, Wall Street indexes like SPY, IVOO, and DIA had above 80% correlations with US crude oil futures.
S&P 500, NASDAQ, and Dow’s Performance on January 29
The S&P 500 started this week on a mixed note by pulling back on January 29, 2018. On Monday, the S&P 500 opened the day lower and closed with a loss.
Will AMD’s Earnings Feel the Heat of Spectre?
While AMD stock has risen—despite the revelation of the security flaws in its chip design—the company now faces a class-action lawsuit.
How Broad Indexes’ Correlations with Crude Oil Are Trending
Between January 18 and January 25, 2018, the FTSE 100 Index (EWU) (UKX-INDEX) and the CAC 40 Index (EWQ) (PX1-INDEX) fell 1.1% and 0.2%, respectively, while Brent crude oil futures rose 1.6% during this time.
How Did the S&P 500, NASDAQ, and Dow Perform on January 25?
On January 25, six out of the S&P 500’s 11 major sectors moved higher. Strength in the utilities and health care sectors pushed the market higher.
Micron Technology’s CEO Focuses on the Storage Business
Micron Technology’s (MU) fiscal 1Q18 revenues were driven by strong demand for server, mobile, and SSD (solid-state drive) memory solutions.
What Is Micron’s NAND Strategy for Fiscal 2018?
At the end of fiscal 1Q18, 3D NAND accounted for 80% of Micron’s total NAND output. The company expects to increase this mix to 95% by the end of fiscal 2018.
Micron’s Strategy to Improve Its DRAM Gross Margin in 2018
According to its latest earnings report, Micron’s (MU) DRAM (dynamic random-access memory) revenue rose 88% YoY (year-over-year) in fiscal 1Q18.
Micron Starts Fiscal 2018 with Strong Revenue Growth
The increasing adoption of SSDs by various PC OEMs saw Micron’s SSD revenues increase 61.0% YoY in fiscal 1Q18.
Analyzing the S&P 500, NASDAQ, and Dow on January 3
On January 3, eight out of the S&P 500’s 11 major sectors closed the day in profits. Strength in the energy and IT sectors pushed the market higher.
Understanding NVIDIA’s Expanding Growth Opportunity
As the year comes to an end, NVIDIA has added two more segments: GPU-as-a-service (graphics processing unit) and domain-specific AI.
How Worried Is NVIDIA about Intel’s Entry into the Discrete GPU Space?
Intel has explored all its possibilities to compete with NVIDIA’s Tesla GPUs (graphics processing units), but Intel’s efforts haven’t achieved seen success.
Inside NVIDIA’s First Consumer-Grade Volta GPU: The Titan V
NVIDIA has been focusing its efforts on growing in AI, and the outcome of these efforts was visible at the annual NIPS conference in December 2017.
Is Wall Street Overlooking Oil Prices?
From December 7–14, 2017, the S&P 500 Index (SPY), the S&P Mid-Cap 400 Index (IVOO), and the Dow Jones Industrial Average Index (DIA) had negative correlations with US crude oil futures.
A Look at Chip Suppliers with High Exposure to Apple
KeyBanc estimates that Cirrus Logic and Skyworks Solutions could earn $0.05–$0.08 in earnings per share for every 5 million iPhone 8 and iPhone X models sold by Apple.
How Wall Street Analysts Have Changed Their Targets for Marathon Oil
In the last one-month period, Marathon Oil stock’s median target price has increased from $17.00 to $17.25.
What Does Wall Street Predict for WPX Energy?
In the last one month, WPX Energy stock’s median target price has risen from $16.00 to $16.50.
Why Morgan Stanley Is Bearish on AMD
Morgan Stanley analyst Joseph Moore is bearish on AMD, believing its two growth catalysts, cryptocurrency mining and gaming consoles, will fall in 2018.
Prolonged Stock Consolidation Is Bad for AMD
AMD stock has consolidated in 2017 after year-long growth in 2016. The stock price fell even though the company’s fundamentals improved.
These Analysts Have Changed Their Targets for Marathon Oil
In November, Marathon Oil stock’s median target price has risen from $16.00 to $17.00.
What Wall Street Analysts Predict for ConocoPhillips
On November 24, 2017, of the 21 analysts covering COP, 28.6% recommended a “strong buy,” 42.9% recommended a “buy,” while the remaining 28.6% recommended a “hold.”
Intel Gears up to Battle Xilinx in the FPGA Market
Intel’s (INTC) Altera FPGAs (field programmable gate arrays) are central to its success in the AI (artificial intelligence) space.
Why Is EMIB Technology so Important for Intel?
Intel (INTC) is developing an MCM (multi-chip module) by integrating AMD’s semi-custom discrete GPUs (graphics processing units) inside its processors.
Can Qualcomm Survive the Changing Smartphone Industry?
Qualcomm (QCOM) has enjoyed strong growth since the mobile revolution took off in 2007, thanks to its cellular modem technology.
Why Is Broadcom so Bent on Acquiring Qualcomm?
The probability of AVGO making another acquisition offer for QCOM is not unlikely because its CEO has a strong record of completing complex acquisitions.
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.
How Did the S&P 500 and NASDAQ Perform on November 8?
After rising for eight consecutive trading weeks, the S&P 500 started this week on a stronger note by rising to record high price levels on Monday.
Have Equity Markets Captured Oil’s Gains?
Last week, the FTSE 100 Index (EWU) fell 0.2%, while the CAC 40 Index (EWQ) rose 2.3%. Oil’s movements could impact these equity indexes.
Wall Street Pulled Back on October 25 amid Weak Earnings
On October 25, the NASDAQ and Dow Jones Industrial Average opened the day lower. The NASDAQ closed the day at 6,563.89 with a loss of 0.52%.
Wall Street Regained Strength on October 24 amid Strong Earnings
The S&P 500 started this week on a weaker note. On October 24, seven out of the 11 major sectors closed the day with gains.
Where the Intel-AMD Core War Could Be Headed
Coffee Lake is the fourth processor on Intel’s 14 nm node. But the delay in its 10 nm chip and increasing pressure from AMD have forced Intel to rush its CPU design.
How Wall Street Is Reacting to Oil’s Gains
Between October 12 and October 19, 2017, the S&P 500 Index (SPY) had a correlation of 61.7% with US crude oil active futures.
How Did the S&P 500 Perform on October 19?
After rising for five consecutive trading weeks, the S&P 500 started this week on a stronger note. It rose in the first three trading days of the week.
The Gray Areas in the US Tax Reform Proposal
Under the Obama plan proposed in his fiscal 2016 budget, there would be no tax exemption on foreign earnings.
Is Fall in Oil Limiting Wall Street’s Upside?
Between October 5 and October 12, 2017, US equity indexes had positive correlations with US crude oil prices.
Micron Bets on Storage for Long-Term Growth
The transition to SSD encouraged HDD giant Western Digital (WDC) to acquire SSD giant SanDisk in 2016.
S&P 500, NSADAQ, and Dow Reached Record Highs
On October 11, the S&P 500 opened the day with improved sentiment and rose to new record highs. The CBOE Volatility Index fell 2.3% to 9.85 on October 11.
Why Analysts Are Bullish on Micron Technologies
Of the 30 analysts monitoring Micron stock, 87% have a “buy” recommendation, and 13% have a “hold” recommendation.
Micron’s Technology Roadmap Aimed at Improving Cost Competitiveness
Micron (MU) has expanded its manufacturing capabilities by acquiring small companies like Inotera Memories and Tidal Systems.
S&P 500, NASDAQ, Dow Surged to Record Highs on October 6
After starting this week on a stronger note and gaining for seven consecutive trading days, the S&P 500 surged higher to a new record-high price on Thursday.
AMD’s Ryzen Threadripper Surrounded by Speculation
Ryzen Threadripper is comparable with AMD’s EPYC server processor, as they share the same architecture.
Did AMD’s Vega Cards Live Up to the Hype?
NVIDIA is still ahead of AMD, as the former launched a high-end version of the GTX 1080—the GTX 1080 Ti and Titan XP in March and April 2017, respectively.
Tax Reform Plans Supported the S&P 500, NASDAQ, and Dow
The S&P 500 started this week on a weaker note by pulling back on Monday. The market started to stabilize and regained strength as the week progressed.
Wall Street Rose amid Trump’s Tax Cut Proposal on September 27
The S&P 500 started this week on a weaker note due to the market’s lower risk appetite amid geopolitical concerns. The S&P 500 rose on September 27.
Wall Street Pulled Back from Record Highs on September 21
On September 21, nine out of the S&P 500’s 11 major sectors fell. Weakness in the telecom services and consumer staples sectors pushed the market lower.
Why Did the S&P 500 and Dow Rise to Fresh Record Highs?
After rising to record high price levels last week, the S&P 500 carried the buying momentum to this week. It closed with gains on September 20, 2017.
S&P 500, Dow, NASDAQ Moved Higher on September 13
After a brief pullback last week, the S&P 500 started this week on a stronger note and continued to move higher.
Are Oil’s Gains Propelling Wall Street?
On August 31–September 7, 2017, the S&P 400 Mid-Cap Index (IVOO) had the third most negative correlation of 77.6% with US crude oil active futures.
How a Recovery in Oil Prices Could Drive Wall Street’s Gains
Between August 24 and August 31, 2017, the S&P 400 Mid-Cap Index (IVOO) had the second-highest correlation of 72.3% with US crude oil active futures among our list of equity indexes.
Wall Street Regained Strength amid Improved Market Sentiment
After regaining strength last week by breaking the two-week losing streak, the S&P 500 started this week on a mixed note.
These Factors Could Impact Intel’s Revenue in Fiscal 2017
While PC continues to be Intel’s largest segment, contributing 55% to total revenues, Intel has reduced its spending in the declining PC market.
What Happened to Intel’s Technology Model?
The slowdown in innovation is giving competitors including Advanced Micro Devices, TSMC, and Samsung a chance to bridge the technology gap they have with Intel.
How Intel Plans to Address Competition in the Data Center Space
Intel’s strategy to address data center competition As the world moves towards connected technology, more companies are looking to grab a share of the data center market. Intel (INTC) dominates the server processor market, with a ~99% share. However, the data center market is moving away from server processing to accelerated processing that can handle […]
Is Wall Street Insulated from Oil’s Moves?
On August 17–24, 2017, US equity indexes such as SPY, DIA, and IVOO had negative correlations of 4.7%, 25.1%, and 7.1% with US crude oil active futures.
S&P 500, NASDAQ, and Dow Pulled Back on August 23
After a disappointing performance for two consecutive trading weeks, the S&P 500 started this week on a stable note.
Natural Gas: Why Traders Should Stay Cautious
On August 16, 2017, natural gas active futures were 0.6%, 2.1%, 5.9%, and 6.8% below their 20, 50, 100, and 200-day moving averages.
How AMD’s Ryzen 3 and Intel’s Core i3 Stack Up
Advanced Micro Devices (AMD) recently released its Ryzen 3 series for the budget PC (personal computer) segment.
Factors Impacting Crude Oil: China, Rig Count, and Spreads
On August 15, US crude oil September futures fell 0.1% and closed at $47.55 per barrel. From August 8 to August 15, US crude oil September futures fell 3.3%.
S&P 500, NASDAQ, and Dow Rebounded amid Better Global Sentiment
The S&P 500 fell lower last week amid geopolitical concerns. But it started this week on a stronger note by rebounding on Monday.
Why Did S&P 500, NASDAQ, and Dow Rebound on August 11?
After declining for three consecutive trading days, the S&P 500 broke the losing streak and rebounded on Friday.
Why Natural Gas Prices Are Rising
On August 9, 2017, natural gas (UNG) September futures closed at $2.88 per MMBtu (million British thermal unit).