Standard & Poor's 500 Index
Latest Standard & Poor's 500 Index News and Updates
Understanding Investors’ Response towards Apple’s Bond Sale
Apple continues its bond sale trend in 2017 Earlier in this series, we discussed how IBM had continued its trend of share buybacks, and how the IT (Information Technology) sector continued to be the top spender among industries. In early February 2017, Apple (APPL) raised $10 billion in debt. The Financial Times, citing Dealogic estimates, stated […]
Philip Morris Stock Falls on Weak 3Q17 Earnings
Philip Morris International (PM) announced its 3Q17 earnings on October 19. The company posted adjusted EPS (earnings per share) of $1.27 on revenues of $7.47 billion.
What Drove Whiting Petroleum Stock in 2017?
Whiting Petroleum (WLL) stock rose 5.3% in the week ending December 29 from the previous week. However, the stock fell ~47.6% by the end of 2017.
Why Carlyle’s 4Q16 Performance Nosedived
Carlyle Group posted economic net income of $0.02 in 4Q16 on February 8, which was lower than the analyst estimate of $0.41.
Must-know: Cabot Oil & Gas’ market performance
Despite COG’s recent negative stock market movement, the fact that it was able to hold its own and sustain significant levels of production should ensure that it maintains relatively high stock market returns.
Analyzing DuPont’s Stock Performance in 2017
With DuPont stock continuing to rise, it’s trading 8.1% above its 100-day moving average of $72.10. The movement indicates the stock’s upward trend.
These Factors Could Drive Cleveland-Cliffs’ Valuation in 2018
Among the US steel and iron ore peers, Nucor (NUE) is trading at the highest forward multiple of 7.7x.
These Factors Could Impact CLF’s US Volumes in 3Q17 and Beyond
In 2Q17, Cleveland-Cliffs (CLF) achieved 4% growth year-over-year in US volumes to 4.3 million tons.
US Steel Demand: 2018 Could Be a Strong Year
If the Trump administration moves forward on the proposed infrastructure investments, it could boost US steel demand.
Mondelēz International Aims for Margin Improvement in 2017
Mondelēz International (MDLZ) has been streamlining its business and reducing costs to improve its profitability.
Weekly Roundup: Steel Stocks Saw Their Fortunes Reverse
Last week was mixed for steel stocks—they followed different trajectories. With gains of 6.6%, AK Steel (AKS) was the biggest gainer.
Steel Stocks Recoup Losses after MT’s Earnings Lift Sentiments
Last week started on a positive note for most steel stocks, with most seeing upward price action on Monday. But sentiments were mostly negative after that.
ISE Cyber Security Index Beats S&P 500 Index
Since December 2015, the ISE Cyber Security Index (HACK) has beaten the S&P 500 Index (SPX) by 10.54 percentage points. Cybersecurity stock is expected to grow rapidly.
Bloomin’ Brands’ year-to-date return as of 3Q14
As of November 2014, Bloomin’ Brands’ (BLMN) year-to-date (or YTD) return was -7.6%. BLMN operates casual dining restaurants. It competes with companies like EAT and TXRH.
Coca-Cola, PepsiCo, Dr Pepper Snapple: A Valuation Showdown?
As of March 28, Coca-Cola and PepsiCo were trading at 12-month forward PE multiples of 22.7x and 22.0x, respectively.
Target Could Sustain Its Growth Momentum in Q3 2018
Target is scheduled to announce its third-quarter results on November 20. Analysts expect Target to maintain its growth momentum.
Understanding Cliffs’ New Estimates: Why Are Iron Ore Analysts Second-Guessing?
Most of Cliffs Natural Resources’ (CLF) revenues and earnings are derived from its US steel division. This makes its drivers unique among peers.
Markets Tumble, Gold Shines as Trump Cancels North Korea Meeting
In a classic Donald Trump move, the president wrote a letter to North Korean leader Kim Jong-un to cancel their planned meeting in Singapore next month.
Chesapeake’s Year in Review—and What to Expect in 2018
Chesapeake Energy (CHK) stock rose 2.9% in the week ended December 29, 2017, compared to the previous week ended December 22.
Risks of a Slowdown Rise on Trade War Risks—Can Gold Benefit?
According to a survey by Bank of America Merrill Lynch, 31.0% of respondents see a trade war as the biggest tail risk for the markets, up from 25.0% in May.
Why these Iron Ore Miners Could Offer Valuation Upside
Vale’s (VALE) is trading at a forward EV-to-EBITDA (earnings before, interest, tax, depreciation, and amortization) multiple of 6.4x, which reflects a discount of 5% to its last-five-year average multiple.
Where Newmont Mining Ranks among Gold Miners Today
NEM stock is being covered by 18 Wall Street analysts today, of which 61% recommend a “buy” for the stock, while 39% recommend a “hold.”
Relational continues to lower stake in SPX Corporation
Based in Charlotte, North Carolina, SPX Corporation is a global, multi-industry manufacturing leader with around $5 billion in annual revenue.
S&P 500 Index Nears Record High amid Earnings Season
The S&P 500 Index, represented by the SPDR S&P 500 ETF (SPY), rose 0.3% on October 23, nearing the all-time high it saw in July.
Conagra’s Valuation after Its 3Q17 Earnings
As of March 24, 2017, Conagra Brands (CAG) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.9x.
Did Druckenmiller and Buffett Get ‘Trumped’ This Year?
Druckenmiller and Buffett got “trumped” by the President’s economic policies this year. Incidentally, the US economy posted better-than-expected growth.
Why Ray Dalio and John Paulson Are Still Betting on Gold
As per the 13Fs filed for the first quarter, hedge funds still seem to have confidence in gold’s price outlook.
What Drove Whiting Petroleum Stock Lower Last Week
Whiting Petroleum (WLL) stock fell ~11% in the week ended November 17. The stock seems to have seen extended losses from the week before, when it finalized a one-for-four reverse stock split.
Look Out for These Valuation Catalysts for Iron Ore in 2018
Vale SA’s (VALE) forward EV-to-EBITDA (enterprise value to earnings before, interest, tax, depreciation, and amortization) multiple is trading at close to 7.2x, the highest among its seaborne iron ore peers.
What High US Equity Market Valuations Mean for Gold
One asset class that is still riding on “Trump trade” appears to be US equities —tech stocks, in particular.
What Bill Miller Thinks about Valeant Pharmaceuticals
According to Bill Miller, Valeant Pharmaceuticals (VRX) is correctly valued.
Nucor’s Waiting for ‘Christmas Gift’ from Trump Administration
Nucor expressed optimism over the Section 232 imports probe that was ordered by the Trump administration earlier this year.
Factors that Can Reverse Cleveland-Cliffs’ Trendline in 2018
Within the steel space, AK Steel (AKS) registered the poorest performance with a 44.6% loss in 2017. After disappointing 1Q17 results, U.S. Steel (X) recovered to end 2017 with an annual gain of 6.6%.
Key Highlights from Cleveland-Cliffs’ 3Q17 Results
Cleveland-Cliffs (CLF) achieved revenues of $698.0 million for 3Q17, an increase of 26% year-over-year.
Can Trump’s Probe into US Steel Imports Stem Them Further?
Cliffs Natural Resources’ (CLF) USIO (US Iron Ore) segment mainly sells iron ore to integrated steel companies in the United States (SPY).
Cisco Systems’ Resurgence May Just Be Getting Started
Cisco (CSCO) stock was under pressure in 2019 due to the US-China trade war. Options traders are betting on CSCO’s rise by the middle of March.
Why Roku Shares Could Surge in the Short Term
Roku shares (ROKU) have had an eventful year! They rose approximately 400% in 2019. However, the stock price fell more than 10% in December.
Why You Should Buy Aurora Cannabis Stock in 2020
Options traders are betting that Aurora Cannabis stock will start to rise by the middle of March after some trying times for the company.
CRON versus APHA December Valuation Update
Cronos Group (CRON) missed analysts’ EBITDA estimates this year. The bad performance and weakness in the cannabis sector caused the stock to fall by 34.9%
Best Energy Stocks: Target Prices and Upside Potential
Integrated energy stocks have underperformed the equity market in 2019. We’ll see what 2020 has in store for Chevron, ExxonMobil, Royal Dutch Shell, and BP.
Could Intel Stock Reach New Highs?
Intel stock closed at $58.95 on December 20, up 1.71% from the previous trading session. This performance lagged the S&P 500’s 0.49% increase on the day.
Why AAPL Stock Could Take a Hit in 2020
Apple (AAPL) closed at $279.74 yesterday, falling 0.24% from the previous trading session. This change lagged the S&P 500’s (SPX) 0.04% decrease on the day.
Micron Stock Will Fall, Says Technical Analysis
Micron stock closed at $47.93 on Friday, rising 2.81% from the previous trading session. This change lagged the S&P 500’s (SPX) 0.91% increase on the day.
Options Traders Think AT&T Stock Will Climb Higher
AT&T stock (T) closed trading at $38.10 on December 4, rising 1.44% from the previous trading session, and I’m seeing more upside ahead.
Facebook Options Traders Think the Stock Can Rise More
Over the past week, there have been several bullish bets placed on Facebook (FB) stock, suggesting that it could rise higher in the coming weeks and months.
Alibaba Stock Has Options Traders Betting on a Jump
Shares of Alibaba Group Holding Limited (BABA) closed at $200.82 in the latest trading session, marking a 3.14% rise from the previous day.
How Strong Is MPC’s Debt and Cash Position?
Marathon Petroleum (MPC) stock has underperformed the equity market and its peers in the current year. MPC’s stock price has risen 2.8% YTD.
ExxonMobil: How Will XOM Trend for the Rest of the Year?
This quarter, ExxonMobil (XOM) stock has fallen 2.4%. Let’s try to forecast XOM’s upper and lower price limits until the end of the year.
Chevron Stock: Has the Short Interest Fallen?
So far, Chevron’s (CVX) stock price has risen 2.1% in November due to stronger equity markets and higher crude oil prices.
Is Suncor Stock Entering the ‘Buy’ Zone?
Suncor stock has risen 3.8% this month, the highest among its peers, due to its robust results, higher oil prices, and stronger equity markets.
Hawaiian Electric bucks the trend in a weak market
Hawaiian Electric withstood the fall in the markets. It was up 0.6% for the week ending on January 30, 2015. Hawaiian Electric closed the week at $34.30 per share.
Will the Dow Jones Industrial Average Climb to 30,000?
The Dow Jones Industrial Average (DJIA) (DIA) seems to be touching new highs despite pessimism related to progress in trade talks.
BP Stock: Will Higher Crude Oil Prices Boost Its Earnings?
BP stock has been rising in the current quarter. The rise in the stock price is in line with increased crude oil prices and equity markets in the quarter.
Options Analysis: What’s Next for Aurora Cannabis Stock?
In the November 14 trading session, Aurora Cannabis (ACB) stock fell 12.7% from the previous session during after-hours trading.
Disney Stock Options: Still a Great Buy after Disney+?
Some options traders are betting large, bullish bets in favor of Disney stock and Disney+ in particular. Let’s take a closer look at the options.
Shell Stock: Are Its Shareholder Returns in Danger?
This month, Shell’s stock returns have been lower than most peers’. The company believes its returns could be vulnerable to macroeconomic conditions.
Tesla Stock: Baillie, BlackRock, Sumitomo Raise Holdings
In the third quarter, some prominent institutions raised their stakes in Tesla stock. Here’s why it’s no surprise that institutions are grabbing the stock.
Why Markets Love BP Compared to XOM, CVX, and Shell
BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.
Has Shell Performed Better than BP in Q3?
Royal Dutch Shell (RDS.A) and BP’s (BP) earnings fell in the third quarter. While BP’s profits fell 41%, Shell’s earnings fell 15%.
Tesla Stock Gains Dim Einhorn’s Greenlight
Tesla stock has risen 23% since the company’s October earnings release, bringing trouble for short sellers such as David Einhorn’s Greenlight Capital.
Will Shell’s Earnings Recover from a Two-Year Low?
Shell plans to release its third-quarter results on Thursday. Analysts expect Shell’s earnings to fall YoY (year-over-year) in the third quarter.
A must-know investor’s guide to General Motors Company (GM)
General Motors Company (GM) designs, builds, and sells automobiles worldwide. It’s the largest U.S.-based automobile manufacturer and the second largest automobile manufacturer globally.
Could the Fed Trigger an S&P 500 Crash This Week?
The S&P 500 Index, which is trading close to an all-time high, could be affected by the Fed’s tone in its upcoming meeting.
BP’s Q3 Results Are around the Corner: What to Expect
BP will release its third-quarter earnings results on October 29. In the quarter, integrated energy companies faced severe business conditions.
Welcome (Back) To the Stock Market Clown Show
With the major indices pushing higher and higher, we need to again look at whether any new money should be put to work here.
Kellogg Stock: Analysts’ Recommendations
Analysts continue to suggest a “hold” rating on Kellogg (K) stock. Analysts’ target price shows a downward trend.
How Can Cleveland-Cliffs Start Dividend Distributions Again?
Cleveland-Cliffs’s (CLF) CFO Tim Flanagan mentioned that the company is expected to generate $400 million of free cash flow in the second half of 2018.
Why Philip Morris’s Q2 2018 Earnings Failed to Impress
Philip Morris International (PM) reported its Q2 earnings on July 19, posting adjusted EPS of $1.41 on revenues of $7.73 billion.
Could Philip Morris’s Q2 2018 Earnings Boost Its Stock Price?
Philip Morris (PM) plans to release its Q2 earnings on July 19. On July 11, PM stock traded at $82.84, down 18.3% from its Q1 earnings.
How Much Upside Is Left in Dunkin’ Brands’ Stock Price?
Dunkin’ Brands (DNKN) traded at $68.56 on July 3, which represents a 10.5% increase since its Q1 2018 earnings were released on April 26.
Consumer Staples Stocks: Separating the Wheat from the Chaff
The Consumer Staples Select Sector SPDR ETF (XLP) fell 9.4% in the first six months of 2018.
Can We Establish a Relationship between Gold and the SPX Index?
The correlation between gold and the S&P 500 (SPX) is 0.18 on a year-to-date basis.
More Blood for Cryptocurrencies: What’s the Cause?
Breaking the cycle of alternate days of gains and losses, the cryptocurrency markets seem to have experienced an extreme downturn.
Could Herbalife Stock’s Bullishness Continue?
Herbalife Nutrition (HLF) stock has followed a strong uptrend due to improving fundamentals.
Altria’s Stock Price Falls on Weak Cigarette Shipment Volume
Altria Group (MO) posted its 1Q18 earnings before the market opened yesterday. What went wrong?
Could McCormick’s Improving Fundamentals Boost Its Stock?
McCormick (MKC) has seen double-digit sales and earnings growth over the past couple of quarters.
Why Darden’s Stock Price Fell after Its Fiscal 3Q18 Earnings
Darden Restaurants (DRI) posted its fiscal 3Q18 earnings before the market opened on March 22.
How Much Upside Could Be Left in Chipotle’s Stock Price
In this series, we’ll look at analysts’ revenue and earnings expectations for Chipotle in 2018.
Has McDonald’s Stock Price Bottomed Out?
In this series, we’ll look at analysts’ revenue and earnings estimates for McDonald’s in the next four quarters.
What’s Microsoft’s Value Proposition in the US Software Space?
Despite the massive surge in Microsoft stock, which helped its market cap to cross the $724 billion mark, it’s lagging behind Amazon (AMZN), which has a market cap of ~$726 billion.
Why Home Improvement Stocks Are Falling
The S&P 500 Index and the SPDR S&P Homebuilders ETF (XHB) have returned -0.9% and -6.3%, year-to-date, respectively.
Wealth Management Helped Morgan Stanley Beat 4Q17 Estimates
Morgan Stanley (MS) announced its 4Q17 earnings on January 18, 2018. Its adjusted EPS (earnings per share) were $0.84, and its revenue was $9.5 billion.
How Whiting Petroleum’s 4Q17 Earnings Could Affect Its Stock
Whiting Petroleum (WLL) stock increased 5.8% in the week ended January 12, 2018, compared to the week ended January 5, 2018. WLL has been on an uptrend, mirroring crude oil prices.
What Analysts Recommend for CLF ahead of 4Q17 Results
Out of the nine analysts covering Cleveland-Cliffs (CLF) stock, 55.6% rate it as a “hold.”
Jagged Peak Energy’s Stock Performance in 2017
Now, let’s look at Jagged Peak Energy’s (JAG) stock performance in comparison to the benchmark energy sector, the broader market, as well as crude and natural gas prices.
Why Lowe’s Hit a New 52-Week High on January 12
On January 12, 2018, Lowe’s Companies (LOW) hit a 52-week high of $102.28. It closed the day at $100.86, which represents a growth of 5.4% from the previous day.
U.S. Steel: The Ball Is in President Trump’s Court Now
Last year, the Trump administration ordered a Section 232 investigation to assess whether steel imports threaten US national security.
How Will 4Q17 Drive Whiting Petroleum Stock?
Whiting Petroleum (WLL) stock rose 4.4% in the week ending January 9, 2018, from the previous week ending January 2, 2018.
Domino’s Stock Rises on Stock Upgrade
On January 4, Credit Suisse and Oppenheimer upgraded Domino’s Pizza (DPZ) from “market perform” to “outperform,” which appears to have increased investors’ confidence, leading to a rise in the stock price.
Could US Steel Demand Indicators Mean an Upside for CLF in 2018?
The Architectural Billing Index (or ABI), which is a leading indicator of non-residential construction, increased significantly from 51.4 in October to 55.0 in November 2017.
China’s Industrial Production and Asset Investment in 1H17
China’s industrial output rose 6.1% in November 2017 compared to November 2016.
What’s Driving Wendy’s Stock Price
In this series, we’ll look at analysts’ earnings and revenue estimates for the next four quarters. We’ll also review Wendy’s valuation and analysts’ recommendations.
Will Target’s Business Investments Boost Its Stock in 2018?
Target stock has fallen 8.9% on a YTD (year-to-date) basis and has underperformed the S&P 500 (SPX) and its peers.
How Could Automotive Industry Steel Demand Shape Up in 2018?
In the previous part of this series, we looked at some of the leading indicators of the construction sector. The automotive industry is the second-largest end steel consumer after the construction sector.
Why Whiting Petroleum Stock Rose Last Week
Whiting Petroleum (WLL) stock rose 12.6% in the week ending December 22 from the previous week. Since the start of the year, however, the stock has fallen ~50.28%.
Why Chesapeake Stock Rose Last Week
Chesapeake Energy (CHK) stock rose 9.7% in the week ended December 22, compared to the previous week ended December 15. However, since the beginning of this year, CHK stock has fallen ~44.4%.
Shake Shack Stock Falls on Downgrade from Jefferies
The downgrade of Shake Shack (SHAK) to “underperform” by Jefferies appears to have made investors skeptical of the company’s future earnings, leading to a fall in its stock price.
Why Did Whiting Petroleum Stock Fall Last Week?
Whiting Petroleum (WLL) stock fell 2.3% in the week ending December 15, 2017. Since the beginning of the year, Whiting Petroleum stock has fallen ~55%.
Qdoba Sale Boosts Jack in the Box’s Stock
Compared to the Jack in the Box brand, Qdoba’s SSSG (same-store sales growth) has been on the lower side in recent quarters and has been a drag on Jack in the Box’s (JACK) top line.
Will Bed Bath & Beyond’s 3Q17 Earnings Boost Its Stock?
Bed Bath & Beyond (BBBY) is scheduled to announce its 3Q17 earnings after the market closes on December 20, 2017.