‘They’re Playing With Fire!’: There’s No Geopolitical Risk Priced Into Oil
Citi is out with a new take on crude, which is pretty interesting in the context of Goldman’s “green shoots,” note and against what certainly appears to be a brightening fundamental picture. As we detailed earlier today, oil hit an 8-week high on Wednesday, buoyed by EIA data which largely confirmed Tuesday’s bullish API numbers, jitters […]
‘Pot Odds’ Favor Downside In The Euro
(Video length 00:02:48) In Currency Cycles, we forecast the price action in the near term for the euro. The euro may still have a little upside left, but having just undergone a big rally, it’s due for a pullback as its intermediate cycle comes to a close. Ed. note: Pot odds are defined as the […]
Dow Chemical’s Q2 Earnings & Sales Trump Estimates
Dow Chemical (DOW – Free Report) topped earnings expectations in second-quarter 2017, helped by its cost-cutting and productivity actions, improved pricing and continued focus on consumer-driven markets. The U.S. chemical giant registered adjusted earnings (barring one-time items) of $1.08 per share for the quarter that comfortably beat the Zacks Consensus Estimate of $1.01. On a reported basis, the […]
ConocoPhillips (COP) Q2 Earnings Crush Loss Estimate
Houston, TX-based ConocoPhillips (COP – Free Report) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar. Currently, ConocoPhillips has a Zacks Rank #4 (Sell) but that could change following its second-quarter 2017 report which has […]
Home Ownership Rate: Up 1.3% YoY
Over the last decade, the general trend has been consistent: The rate of home ownership continues to decline. The Census Bureau has now released its latest quarterly report with data through Q2 2017. The seasonally adjusted rate for Q2 is 63.9 percent, up from 63.7 in Q1. The nonseasonally adjusted Q1 number is 63.7 percent, […]
United Parcel Service, Inc. 2Q 17, ConocoPhillips 2Q 17 Earnings Released
UPS (UPS) 2Q 17 earnings and ConocoPhillips (COP) 2Q 17 earnings were released before opening bell this morning. UPS reported earnings of $1.58 per share on $15.8 billion in revenue. Analysts had been expecting $1.47 per share in earnings on $15.5 billion in revenue. In last year’s second quarter, the delivery company reported $1.43 per […]
Shell’s Q2 Earnings Soar As Cost Cuts Pay Off
Europe’s largest oil company Royal Dutch Shell plc (RDS-A – Free Report) reported strong second-quarter results, as its upstream business swung to a profit on rebounding oil prices and refining operations remained robust amid successful cost containment efforts. Shell is the first integrated supermajor to come out with second quarter results. Continental rival BP plc (BP – Free Report) is scheduled […]
Why Sanctions On Venezuela Could Benefit U.S. Refiners
Last week it was reported that the Trump Administration is considering significant sanctions on Venezuela. The threat of sanctions is in response to Venezuelan President Nicolas Maduro’s pledge to rewrite his country’s constitution on July 30. President Trump promised that if he followed through, the U.S. “will take strong and swift economic actions,” which could impact […]
Fiat Chrysler Q2 Earnings & Revenue Beat Estimates
Fiat Chrysler Automobiles N.V. (FCAU – Free Report) is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand […]
A Coming Storm For Wireless?
Increased RF injuries may result from the proliferation of antennas to support expanding wireless activity. As workers and the medical community begin to better understand those RF injuries, the wireless industry could face increased RF safety awareness issues. Insurers no longer provide RF exposure coverage, so wireless providers may find property owners less willing to […]
