Tag: Energy

Be in the know. 10 key reads for Friday…

  1. Fed moves to ease some restrictions under the Volcker rule (CNBC)
  2. Russia’s Ministry of Health names three drugs that can treat new Chinese coronavirus (RT)
  3. OPEC curbs, supply risks to buoy oil prices in 2020: Reuters poll (Reuters)
  4. New coronavirus: How soon will a treatment be ready and will it work? (New Scientist)
  5. After Brexit, the EU Will Have to Be Flexible, Too (Barron’s)
  6. Brexit is happening tonight: Here’s how we got here, and what comes next (CNBC)
  7. Biotech Giant Biogen Banks On Alzheimer’s Approval In 2020 Outlook (Yahoo! Finance)
  8. Ray Dalio: We ‘Don’t Have a Clue’ How Coronavirus Will Impact Markets (Institutional Investor)
  9. Trump set for acquittal as bid to call witnesses falters (Financial Times)
  10. Pound Ends Tough Month on a Bright Note After BOE Decision (Bloomberg)

Be in the know. 10 key reads for Thursday…

  1. BoE’s Carney says rate cut would have led to above-target inflation (Reuters)
  2. Biogen Rallies After Q4 Earnings Top Views (Investor’s Business Daily)
  3. Ken French: ‘There Is No Way to Tell’ If Value Premium Is Disappearing (Institutional Investor)
  4. Alibaba Stock Looks Like a Buy on China Virus Fears (Barron’s)
  5. The one word that defined Davos, investing in India’s hyper-growth, and fading recession fears (Business Insider)
  6. Here’s what is worrying one stock-market bull (MarketWatch)
  7. OPEC May Move Up Meeting As Coronavirus Continues To Batter Oil Prices (OilPrice)
  8. US Oil Exports Could Explode After Once In A Lifetime Power Shift In China (OilPrice)
  9. US energy ‘junk’ bonds hammered by oil plunge (Financial Times)
  10. The “‘Great Wall’ of Worry” Stock Market (and Sentiment Results)…(ZeroHedge)

Unusual Options Activity – Occidental Petroleum Corporation (OXY)

Data Source: barchart

Today some institution/fund purchased 924 contracts of June $42.5 strike calls (or the right to buy 92,400 shares of Occidental Petroleum Corporation (OXY) at $42.5). The open interest was just 474 prior to this purchase. Continue reading “Unusual Options Activity – Occidental Petroleum Corporation (OXY)”

Be in the know. 10 key reads for Wednesday…

  1. Chesapeake Energy’s stock bounces off 26-year low after production update (MarketWatch)
  2. For Fed’s Policy Meeting, Balance-Sheet Plans Take Focus (Barron’s)
  3. How to Profit From Stock Buybacks (Barron’s)
  4. 4 Big Dividend Oil Stocks to Buy Now With Crude Down Almost 20% in January (24/7 Wall Street)
  5. House Democrats call for $760 billion in infrastructure spending over five years (Reuters)
  6. Johnson & Johnson starts developing vaccine for coronavirus (Yahoo! Finance)
  7. USMCA to create 600,000 jobs, US Energy Secretary tells FOX Business (Fox Business)
  8. Red Flags in Alluring Private Equity Track Records (Institutional Investor)
  9. More affordable iPhone 11 is unlikely star of Apple earnings (Financial Times)
  10. Boeing Just Reported a Massive Loss. Why Its Stock Is Gaining. (Barron’s)

Be in the know. 12 key reads for Sunday…

  1. Mario Gabelli Says It’s Time to Invest in Stocks That Will Save the World. These Two Stocks Fit the Bill. (Barron’s)
  2. How Will You Measure Your Life? (HBR)
  3. The House From Entourage Sells for $5.32 Million (Architectural Digest)
  4. DeLorean Confirms Plans to Produce Limited Run of Iconic DMC-12 (Maxim)
  5. Metallica frontman’s built-from-scratch vintage car collection goes on view in LA (designboom)
  6. February Almanac: Weak Link in Best Six Months (Almanac Trader)
  7. ECRI Weekly Leading Index Update (Advisor Perspectives)
  8. Episode 966: The Rise Of Putin (NPR)
  9. Why Is Joe Rogan So Popular? (The Atlantic)
  10. Taylor Swift: No Longer ‘Polite at All Costs’ (Variety)
  11. Japan’s Mystical Masterpiece, The Four Seasons Hotel Kyoto (JustLuxe)
  12. Libya Oil Closure a ‘Bullet in the Head,’ Says Bank Governor (Bloomberg)

Energy Estimates Up Again This Week

Data Source: Factset

Quick notes on earnings this week.  Th most notable change is that 2020 estimates for the Energy Sector went up again this week jumping from 21.4% earnings growth to 25.5% in the past few weeks.

Earnings:

The S&P 500 remains strong at 9.5% EPS growth ($177.41).

Guidance:

The percent of companies issuing negative EPS guidance so far is 58% (7 out of 12). This is below the 5-year average of 70%.