Key energy events
Between January 22 and January 26, 2018, the events listed below could be important for oil (USO) (OIIL) (DBO) and natural gas (UNG) (BOIL) (GASL) prices.
On January 24, 2018, oil prices could react to the EIA’s crude oil inventories and US crude oil weekly production data. Similarly, the EIA’s natural gas inventory report could influence natural gas prices. In part one, we analyzed the sensitivity of oil and natural gas prices to these reports. Moreover, the energy holdings of the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) could react to these reports.
As of January 22, 2018, according to a recent Reuters survey of 17 investment research firms, 65% (or 11) of the analysts rated ISRG stock a "buy."
Hibbett Sports (HIBB) stock surged 22.3% as of 1:54 PM ET today as the company reported impressive results for fiscal 2019's fourth quarter, which ended on February 2.
Wall Street analysts expect a potential upside of 21.63% for Alexion Pharmaceuticals based on the stock's closing price on March 21.
Today, we got another round of dismal data points from Europe (VGK)(EZU). According to a Markit survey, Germany’s (EWG) March PMI Composite Output Index fell to a 69-month low of 51.5.
On March 21, US crude oil’s implied volatility was 24.9%, which was 6.7% below its 15-day average. Usually, lower implied volatility supports oil prices.
The overall cannabis sector took a hit today amid the broader market's declines. The volatility index (VIX) jumped 17.9%, and the cannabis sector is more sensitive than the market.
The tech-heavy NASDAQ Composite Index (QQQ) is on track to post its 12th weekly gain in 13 weeks.