4.27k followers • 31 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set MACD bullish crosses within the last week. A bullish crossover occurs when the MACD turns up and crosses above the signal line. Our algorithms use 12,26,9 as MACD parameters. This list is generated daily and ranked based on market cap. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Bank of America Corporation
Royal Bank of Canada
General Electric Company
Dominion Energy, Inc.
Simon Property Group, Inc.
Dollar General Corporation
Lululemon Athletica Inc.
Realty Income Corporation
The Hershey Company
Kansas City Southern
Mid-America Apartment Communities, Inc.
Duke Realty Corporation
Fidelity National Financial, Inc.
W. R. Berkley Corporation
The J. M. Smucker Company
Formula One Group
Fortune Brands Home & Security, Inc.
(Bloomberg Opinion) -- A quick reader’s note on some exciting news: Starting next week, Sparklines becomes part of a new daily climate newsletter from Bloomberg. You’ll get the latest on critical scientific, financial and technological developments all week long, including Sparklines every Thursday. You can unsubscribe at any point or modify your email preferences on your account page.This week, BlackRock Inc. Chief Executive Officer Larry Fink published two letters — one to CEOs, one to BlackRock clients — outlining the asset manager’s environmental, social and governance priorities for 2020 and beyond. To say the letters’ import is significant doesn’t nearly do it justice. On Wednesday, I attended a conference of energy CEOs, executive board members, institutional investors and proxy advisors, and Fink’s letters were mentioned multiple times in every session. A wave of disclosure of climate change risks is coming in force, and with it, a wave of physical and financial asset allocation decisions. One sector, already on notice, will feel that wave breaking first: coal.In his letter to clients, Fink said BlackRock is “in the process of removing from our discretionary active investment portfolios the public securities (both debt and equity) of companies that generate more than 25% of their revenues from thermal coal production, which we aim to accomplish by the middle of 2020.” The parameters he lays out aren’t completely new; insurance firms have placed similar restrictions on coal lending and underwriting, which I wrote about last year.In the U.S., the move away from coal was well underway before the $7 trillion asset manager announced its restrictions. Companies have been shutting down coal-fired power plants and setting “transformative responsible energy plans” removing coal from the mix completely, even in the absence of robust federal policies. U.S. coal consumption in power generation fell below 600 million tons last year. This year, the U.S. Energy Information Administration expects it to fall much further still, below 500 million tons. That’s not only down by more than 50% since 2007, but it would also put coal consumption back to 1978 levels.That decline is thanks to a massive number of plant retirements, now totaling more than 300 since 2010. The U.S. coal fleet has not had any net capacity additions since 2011. 2015 is the most significant year for coal retirements to date, as a suite of Obama-era air quality standards took effect. 2018 wasn’t far behind, however, and 2019 wasn’t far behind 2018.The base effect of a smaller number of operational coal plants also means that consumption is declining at an accelerating rate. Using the EIA’s projection for 2020 coal burn in the power sector, year-on-year consumption will decline nearly 15%, the most since at least 1950.Coal’s decline doesn’t exist in isolation. Most coal in the U.S. travels from mine to plant by rail, so there’s a predictable impact on rail cargoes. A decade ago, U.S. rail carriers shipped nearly 7 million carloads of coal. Last year, that figure was barely 4 million.Rail shipments in other sectors have grown. Total rail carloads are up about about 50 percent since 2001, and chemical carloads are up slightly. Oil carloads, thanks to soaring production in the Bakken formation of North Dakota as well as a significant shortage of pipeline capacity, were up more than 250% by mid-2015 and are now soaring back up after plunging along with oil prices. Coal’s path is negative and, given planned power generation retirements, might never move back up.It wasn’t only the restrictions on coal investment, or what sectors might be restricted next, that people were talking about this week. BlackRock’s call to publish disclosures align with Sustainability Accounting Standards Board and Taskforce on Climate-Related Financial Disclosures guidelines, including companies’ plans for operating in a world where the Paris Agreement’s climate goals are fully met. It’s not just coal that is on notice, or just the power sector, or just energy. It’s every big business, everywhere. BlackRock’s position on coal is set, but it could be a playbook for a wave of more restrictions and disclosures to come. The coal sector is the first to feel this breaking wave. Other sectors no doubt will, too.Finally, a note to readers. For more than two years, I’ve had the great pleasure to write this newsletter for Bloomberg Opinion. Next week, I’ll move to become part of a new daily newsletter series and will be publishing on Thursdays. My thanks to you for reading, and I hope you’ll continue to do so on Thursdays, too. A special thanks is due to my Opinion editor Brooke Sample, too, without whom I could quite literally not have been able to write for you all.To contact the author of this story: Nathaniel Bullard at email@example.comTo contact the editor responsible for this story: Brooke Sample at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The British pound went back and forth during the course of the week, as we get a lot of push back and forth from both buyers and sellers. The Friday session had a very poor retail sales figure release, and that of course weighed upon the market.
The British pound pulled back after initially trying to rally during Friday as the retail sales numbers were miserable in the United Kingdom. That being said, we are still very much in an uptrend and it will be interesting to see whether or not we can continue.
A sturdy labor market, rising income and improving confidence certainly encouraged consumers to spend more. While bargain hunters did hit the streets, enthusiasm for online shopping was palpable.
The 2019 holiday season mirrors gains from increased investments and opportunities in the retail sector. The online channel continues to be the preferred shopping medium for customers.
Kansas City Southern (KSU) delivered earnings and revenue surprises of 0.55% and -1.20%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Dentsply (XRAY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
(Bloomberg Opinion) -- This is a big year for the U.S. oil and gas industry. If the past five have constituted a reckoning with the old frack-it-till-you-make-it model, then this one is where we find out if the reckoning stuck.The new mantra espoused by many energy companies is that returns are king. They are. The chart below, which I have adapted from one used by Kimmeridge Energy Management Co., shows the close relationship between return on capital and stock performance. It compares how share prices moved in the five years through the end of 2018 with an implied change in the market cap based on that period’s cumulative economic value added, a measure of value creation or destruction.(1)The sample consists of 55 U.S. oil and gas companies with a market cap of at least $250 million (as it runs through the end of 2018, it includes a couple of companies acquired since then, Anadarko Petroleum Corp. and Carrizo Oil & Gas Inc.).Start with the obvious. There’s a reasonably strong relationship between whether a company has been earning above or below its cost of capital and how well its shares performed in that period(2). Also, the vast majority of the sample — with an aggregate market cap of $1 trillion at the end of 2018 — destroyed value and had the price declines to show for it.More pertinent is that bigger companies — especially refiners — tended to fare better than the cloud of smaller bubbles trailing off to the bottom left of that chart. This gets at a critical issue regarding what comes next for the sector.The past decade’s boom in U.S. oil and gas production owed much to a crowd of relatively small companies competing with each other and backed by enthusiastic capital markets. But as oil has settled into a lower, more volatile range (and gas has fallen into a coma), so the advantages of being bigger have become apparent. Smaller exploration and production companies, in particular, tend to have higher unit costs and lower valuation multiples (i.e., a higher cost of capital; see this).The sector has been structurally devalued versus the wider stock market. Moreover, while average yields on energy junk bonds have come in from December’s peak of almost 10%, they remain above 8%, markedly higher than the 5-7% range that held through much of the past decade.Higher risk premiums mean a higher hurdle to beat than the one the sector largely missed already over the past five years or so. Notwithstanding President Donald Trump’s efforts to reduce regulatory costs, climate concerns are likely to widen those risk premiums further over time.That was the message in BlackRock Inc. CEO Larry Fink’s latest missive on the subject. As I wrote here, even if most of the money BlackRock manages is passive, it can still use that to vote for change in the governance standards prevalent in the sector that have prioritized growth above all and protected incumbent management teams. And based on data compiled by Bloomberg, BlackRock holds roughly $25 billion worth across more than 100 U.S. E&P firms, adding up to an average stake of 7% (albeit ranging from virtually zero for some stocks all the way up to 15%).With capital costlier than it used to be, the imperative for smaller companies in particular to consolidate and jettison the cost burden that comes with maintaining separate identities (and management and campuses and accounting and ...) is getting ever stronger. Two decades ago, the supermajors were created in response to a structural change in the investment landscape for oil and gas. We are at that point again, only at the opposite end of the scale.\-- With assistance from Elaine He and Denise Cochran(1) Economic value added values are pulled from the Bloomberg Terminal. They are calculated by multiplying invested capital by the spread between return on capital employed and weighted average cost of capital, with a positive value indicating value creation and negative indicating destruction. I then compare the cumulative figure with each company's market cap at the end of 2018 to get an implied percentage of value that was either created or destroyed. Data run for the five years through 2018 as that is the last year of complete annual economic value added figures.(2) The correlation coefficient is 0.74; coefficient of determination is 0.55.To contact the author of this story: Liam Denning at email@example.comTo contact the editor responsible for this story: Mark Gongloff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The FDA recently authorized diabetes care companies to start pairing their medical devices for diabetes management, by combining insulin pumps and glucose monitors.
Dominion Energy (D) continues to pursue the aim of lowering emissions over the long term. The deployment of electric school buses is set to assist the company in achieving this target.
Retails sales in the UK were much worse than analysts expected, fueling rate cut expectations and putting Sterling under pressure.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
GBP/USD showed a bullish bounce at the 88.6% Fibonacci retracement level and also made a bullish breakout above the resistance trend line