Related Energy Downturn Finally Bites Refiners Energy Excellence: It Could Be The Refiners ETF
If the conventional wisdom is that refiners equities are usually less bad than other energy stocks when oil prices decline, then it can be argued the nearly 4 percent year-to-date being sported by the Market Vectors Oil Refiners ETF (NYSE: CRAK) is fairly impressive.
The gains posted by some refining stocks, including several of the 26 held by CRAK, are enough to make investors ponder if the ETF and its holdings can remain firm going forward. CRAK tracks the Market Vectors Global Oil Refiners Index (MVCRAKTR), a modified market cap-weighted index intended to track the performance of the largest and most liquid companies in the global oil refining segment, according to Market Vectors.
Top 5 Performing Stocks To Watch Right Now: City Holding Company(CHCO)
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of a residence; home equity junior lien loans; consumer loans that are secured by automobiles, boats, recreational vehicles, certificates of deposit, and other perso nal property; and demand deposit account overdrafts. In addition, the company offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, production of conventional and government insured mortgages, secondary marketing, and mortgage servicing. Further, it provides deposit services for commercial customers comprising treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services. As of January 25, 2016, the company operated through a network of 85 branches in the states of West Virginia, Virginia, eastern Kentucky, and southeastern Ohio. City Holding Company was founded in 1982 and is headquartered in Charleston, West Virginia.
- [By Monica Gerson]
City Holding Company (NASDAQ: CHCO) is expected to report its quarterly earnings at $0.74 per share on revenue of $42.04 million.
Compass Minerals International, Inc. (NYSE: CMP) is projected to post its quarterly earnings at $1.33 per share on revenue of $347.03 million.
Top 5 Performing Stocks To Watch Right Now: Net 1 UEPS Technologies, Inc.(UEPS)
Net 1 UEPS Technologies, Inc. provides payment solutions and transaction processing services for various industries in South Africa, South Korea, and internationally. The company develops and markets transaction processing solutions that comprise its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies, and for mobile transaction channels. It operates through three segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies. The South African Transaction Processing segment provides welfare benefit distribution services to the South African government and transaction processing for retailers, utilities, medical-related claim service customers, and banks. The International Transaction Processing segment offers payment processing services to merchants and card issuers through its value-added netw ork. The Financial Inclusion and Applied Technologies segment provides short-term loans; and smart card accounts, as a fixed monthly fee per card. This segment also sells prepaid products comprising electricity and airtime, as well as hardware and software products; and offers life insurance products. Net 1 UEPS Technologies, Inc. was founded in 1989 and is headquartered in Johannesburg, South Africa.
- [By Javier Hasse]
Friday’s after-hours trading session did not see many stocks on the move. Shares of Net 1 UEPS Technologies Inc (NASDAQ: UEPS) were down almost 2.5 percent in what seemed like a correction of the 1.83 percent surge seen during the day.
Best Quality Companies To Own For 2016: Container Store (The)(TCS)
The Container Store Group, Inc. engages in the retailing of storage and organization products in the United States. It operates in two segments, TCS and Elfa. The companys retail stores provide various lifestyle products, including bath, box, closets, collections, containers, food storage, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products. It also designs, manufactures, and sells component-based shelving and drawer systems that are customizable for any area of the home, such as closets, kitchens, offices, and garages, as well as made-to-measure sliding doors. As of July 7, 2015, the company operated 72 store locations with an average of 25,000 square feet each. It also offers its products directly to customers through its Website and call center, as well as sells to various retailers and distributors, and on a wholesale basis. The company was founded in 19 78 and is headquartered in Coppell, Texas.
- [By Monica Gerson]
Container Store Group Inc (NYSE: TCS) is expected to post its quarterly earnings at $0.21 per share on revenue of $230.53 million.
J & J Snack Foods Corp (NASDAQ: JJSF) is estimated to post its quarterly earnings at $0.78 per share on revenue of $231.58 million.
Top 5 Performing Stocks To Watch Right Now: Marathon Oil Corporation(MRO)
Marathon Oil Corporation, through its subsidiaries, operates as an international energy company with operations in the United States, Canada, Africa, the Middle East, and Europe. It operates through three segments: Exploration and Production, Oil Sands Mining, and Integrated Gas. The Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta, Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Integrated Gas segment markets and transports products manufactured from natural gas, such as liquified natural gas and methanol. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is based in Houston, Texas.
- [By Ben Levisohn]
Barclays analyst Thomas Driscoll and team see more dividend cuts and equity raises coming for oil & gas stocks like Apache (APA), Devon Energy (DVN),Encana (ECA), Anadarko Petroleum (APC), and Marathon Oil (MRO). They explain why:
- [By Matt Egan]
Before Tuesday, Big Oil’s credit ratings had been left largely intact by S&P. But with oil sinking back to $30 a barrel, the ratings firm took action by downgrading Chevron (CVX), EOG Resources (EOG), Apache (APA), Devon Energy (DVN), Hess (HES), Marathon Oil (MRO), Murphy Oil (MUR), Continental Resources (CLR) and Southwestern Energy (SWN).
Top 5 Performing Stocks To Watch Right Now: Costco Wholesale Corporation(COST)
Costco Wholesale Corporation operates membership warehouses that offer a selection of branded and private label products in a range of merchandise categories in no-frills, self-service warehouse facilities. The company’s product categories include candy, snack foods, tobacco, alcoholic and non-alcoholic beverages, and cleaning and institutional supplies; appliances, electronics, health and beauty aids, hardware, office supplies, garden and patio, sporting goods, toys, seasonal items, and automotive supplies; dry and institutionally packaged foods; apparel, domestics, jewelry, house wares, media, home furnishings, cameras, and small appliances; meat, bakery, deli, and produce; and gas stations, pharmacy, food court, optical, one-hour photo, hearing aid, and travel. It also provides business and gold star (individual) membership services. As of April 26, 2011, the company operated 581 warehouses, including 425 in the United States and Puerto Rico, 80 in Canada, 22 in the Uni ted Kingdom, 7 in Korea, 6 in Taiwan, 8 in Japan, 1 in Australia, and 32 in Mexico. It also has Costco Online, an electronic commerce Web site, at costco.com in the United States and at costco.ca in Canada. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
- [By Monica Gerson]
Analysts are expecting Costco Wholesale Corporation (NASDAQ: COST) to have earned $1.22 per share on revenue of $27.09 billion in the latest quarter. Costco shares gained 0.27 percent to $142.95 in after-hours trading.
- [By Lawrence Meyers]
As a convenience store, it doesn’t have direct competition fromDollar Tree (DLTR) or Family Dollar (FDO) because these dollar stores arent exclusively focused on food (and they have no gasoline or cigarette sales), and theyre targeted at the folks who are trying to save money over convenience, not vice versa. The convenience angle is another reason whyWalmart (WMT) and Costco (COST)aren’t competitors, since those behemoths are about a total shopping experience.
- [By Ben Levisohn]
American Express reported monthly loss and delinquency numbers for March: Ending period loan balance for US Consumer Services and U.S. Small Business was $50.7Bn, representing 2% m/m growth from February and 12% y/y growth from last year’s balance (excluding U.S. Costco Wholesale (COST) and JetBlue Airways (JBLU)). The sale of JetBlue was completed on March 18, 2016.