S&P 500 Total Return hits a new all-time high, up 25% from the December lows.
Archives of “April 13, 2019” day
rssUS pork sales to China surging. Pig flu has reduced Chinese pig population by the size of the entire US stock.
Shale oil players surge on $50bn Chevron-Anadarko deal
It’s a shale party on Wall Street, and everyone’s invited.
A host of American shale oil producers saw their shares spike on Friday after Chevron announced it agreed to buy Anadarko Petroleum in a $50bn deal.
Among the top 10 gainers in the S&P 500, eight were oil companies with sizeable shale operations. Anadarko was the biggest winner in the benchmark index, surging 32.8 per cent. Runner-up Pioneer Natural Resources was up 11.2 per cent, and Concho Resources jumped 10.3 per cent. The duo’s gains added a combined $5bn to their market values.
Other shale-centric oil stocks also posted big gains. Noble Energy, Devon Energy and Diamondback Energy were each up at least 7 per cent, EOG Resources advanced 5.7 per cent and Cimarex Energy rose 5 per cent.
The Anadarko purchase will give Chevron a larger footprint in the fast-growing Permian Basin of Texas and New Mexico, which, according to the US Energy Information Administration, has driven domestic oil production to new record highs this year. Chevron’s offer was worth $65 a share — a premium of nearly 40 per cent based on Thursday’s market close.
CFTC Commitment of traders: EUR short pushes over 100K short
Weekly forex futures non-commercial positioning data from the CFTC
- Prior report
- EUR short 102K vs 99K short last week. Shorts increased by 3K
- GBP short 7K vs 10K short last week. Shorts trimmed by 3K
- JPY short 72K vs 63K short last week. Shorts increased by 9K
- CHF short 28k vs 26k short last week. Shorts increased by 2K
- AUD short 54k vs 56k short last week. Shorts trimmed by 2K
- NZD short 1K vs 0K short last week. Shorts increased by 1K
Key earnings releases next week
JPM got the financials off to a good start today
JPMorgan Chase got financial earnings off to a good start today, easily beating expectations when they announced this morning. Their stock is up $5 or 4.7% at 111.255%. Does their momentum translate for the other financials next week? We will see as a number of Financials including Citi, Goldman Sachs, Bank of America, Morgan Stanley and Amerian express release next week.
Below is a snapshot of the scheduled major earnings releases next week. In addition to a number of financials, Netflix, J&J, United Continental, and IBM will also release.
For your guide, earnings dates for some of the other big names show
- Facebook, April 24
- Alphabet, April 29
- Apple, April 30
- Amazon, April 25
- Microsoft, April 25
- Intel, April 25
- Boeing, April 24
- Twitter, April 23
- Disney May 8
Calendar of Dow stock earnings dates.
Dow stock earnings date for April/May
What is the calendar for the Dow earnings?
Here it is…
US shares end higher. S&P and Nasdaq close at the highest level since October 3rd
Dow closes week with marginal losses. S&P and Nasdaq up about 0.5%
The US major indices are ending the session higher and nearer the highs for the day.
The final numbers are showing:
- S&P index, +19.09 points or 0.66% at 2907.41
- NASDAQ index of 36.805 points or 0.46% at 7984.16
- Dow industrial average +269.25 points or 1.03% at 26412.30
For the week, the Dow ended near unchanged, while the S&P and NASDAQ close with modest gains for the week:
- S&P index, +0.51%
- NASDAQ composite index +0.57%
- Dow industrial average -0.05%
The big winner today was Disney which rose 11.54% on the news it would enter the streaming video market. Netflix suffered as a result of the increased competition and was down -4.49%.
Thought For A Day
