Martin Marietta Materials Inc
The Economy Is on a Roll, and It’s Bringing the Stock Market Along With It
Jobs data released this morning shows that the U.S. economy is firing on all cylinders, and the stock market has responded by rallying.
What Do Natural Resource Partners’ VantaCore Operations Entail?
Natural Resource Partners’ (NRP) VantaCore is one of the top 25 aggregates producers in the US.
Albemarle Finishes Selling Chemetall to BASF
On December 14, 2016, Albemarle (ALB) announced the completion of the sale of its Chemetall surface treatment business to BASF.
Albemarle Hikes Prices of Select Brominated Products
In this series, we’ll discuss the latest business updates and announcements made by chemical companies during the week ended December 2, 2016.
Jacobs Engineering Stock Reacted to Trump’s Victory
After Donald Trump won the US presidential election, Jacobs Engineering (JEC) rose 9% on November 9. For now, the benefits are just speculation.
Top Sectors’ Lackluster Performance Subdued FKGRX’s Poor YTD 2015
None of FKGRX’s core sectors contributed to its returns in any meaningful manner, which negatively affected its performance.
Mixed Economic Review Ended the Stock Market’s Gains in October
The Chicago PMI was 56.2 for October 2015. It beat the consensus reading of 49.2. This figure gives a mixed review of the US economy.
May Housing Starts Rise Year-over-Year but Dip 11% in April
Housing starts are a leading indicator of residential construction activity. Housing starts in May increased 4.6% on a year-over-year basis. However, compared to April, they dipped 11.1%.
Construction Spending Hits the Highest Level since November 2008
The construction sector accounts for more than 40% of total steel consumption in the US. In April, construction spending increased 2.2% over the previous month.
Maverick Capital Sells Its Position in Martin Marietta Materials
MLM’s 4Q14 net sales were up 59% to $779.5 million, compared with net sales of $491.4 million in 4Q13. It beat its 4Q14 revenue estimates by $84 million.
Maverick Capital Adds to Position in Vulcan Materials in 4Q14
Maverick Capital increased its position in Vulcan Materials by $147 million in stock. Vulcan accounts for 2.91% of the fund’s portfolio in 4Q14.
Steven Cohen’s Point72 Asset Management’s 3Q14 positions
Point72 Asset Management’s portfolio decreased slightly to $13.2 billion in the third quarter—compared to $15.6 billion in the second quarter. The third quarter ended in September.