|Bid||65.07 x 900|
|Ask||65.12 x 800|
|Day's Range||64.57 - 65.11|
|52 Week Range||59.21 - 85.02|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||14.79|
|Forward Dividend & Yield||1.36 (2.13%)|
|1y Target Est||93.52|
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)Short interest in ExxonMobil ExxonMobil’s (XOM) short interest, which is expressed as a percentage of its outstanding shares, has risen from 0.67% on October 1,
Subsidiaries of PetroChina (PTR) ink deals worth more than $1.7 billion with Yantai Port Group to expand LNG & crude oil terminals.
2018 was not a good year for the Chinese stock market. The Shanghai composite, the market's major average, fell nearly 25%, the worst performance of any Asian stock market. Most Chinese stocks declined: of 86 China-based stocks listed on U.S. markets, according to a finviz.com screen, just 10 rose more than 1% in 2018. It's far from certain that 2019 will be any better -- at least initially. Trade war concerns aren't going anywhere. Investors across the globe still are fearful of recession, re-igniting long-running fears of a "hard landing" in the Chinese economy, and thus Chinese stocks. * 9 A-Rated Safety Stocks for a Grossly Oversold Market That said, there are some intriguing values in the Chinese stock market. Long-term, the movement of hundreds of millions of citizens into the middle class and beyond promises explosive economic growth. It may be a bumpy ride -- indeed, it already has been -- but a great deal of promise remains. These five Chinese stocks all look cheap relative to their potential. And after the Chinese stock market bottoms, they could be the biggest winners when the rebound comes. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### JD.com (JD) Source: Daniel Cukier via Flickr E-commerce operator JD.com (NASDAQ:JD) has had one of the steepest falls of any Chinese stock, dropping by nearly half in 2018. Investments behind the business have pressured earnings. The CEO wound mired in an ugly incident in the U.S. E-commerce leader Alibaba (NYSE:BABA) has sold off -- albeit not the same extent -- adding to the pressure on second-place JD.com. I've been a long-time bull on JD stock, which has been one of my favorite Chinese stocks. But amid the endless selling pressure, even I've waved the white flag. The "risk-off" attitude in the market and the lack of patience in JD.com's higher spending suggests it will take some time for investors to return to the bull case. That said, I still believe that will happen at some point. JD.com has big-money partnerships with Walmart (NYSE:WMT) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), the latter of whom took a stake in JD.com at over $40 per ADS, nearly double the current price. The e-commerce market in China will be big enough for two winners, at least. And JD's better supply chain could allow it to take share from Alibaba over the long haul. JD stock seemingly has bottomed over the past six weeks, so a rebound may be at hand. Near-term, investors still need to be careful: if support breaks again, the downtrend can resume. But at some point, I still believe JD will rebound. ### Nio (NIO) Electric vehicle company NIO (NYSE:NIO) closed the year up under 2% from the price at which it went public in September. In the context of the overall market -- and the Chinese stock market -- over that stretch, the performance certainly isn't that bad. But a seemingly "cheap" price above $6 belies how expensive NIO truly is. This is a company still valued at over $8 billion despite the fact that it doesn't yet manufacture its own vehicles. (NIO contracts with a state-owned manufacturer, and aims to get a license at some point.) A 3x multiple to 2019 revenue estimates doesn't sound that big, but it's certainly high for an automaker. The only other company with a similar valuation is Tesla (NASDAQ:TSLA), to which NIO is often compared. That said, there's an intriguing long-term bull case here, as I detailed last month. The near-term risks, however, seem huge in this market. Another market downturn and/or further pressure on Chinese stocks without question is going to take NIO stock down. Put selling can create a hedged entry -- and for investors willing to try and time the bottom, might be the wisest choice. * 10 Oversold Stocks Due for a Bounce This seems like a story that could be huge -- but in this market, there also seems to be little reason to rush in. ### Huya (HUYA) Source: Shutterstock Huya (NYSE:HUYA) is often referred to as China's version of video game streaming company Twitch, now owned by Amazon.com (NASDAQ:AMZN). Like NIO, Huya went public this year, with shares priced at $12. Unlike NIO, HUYA stock actually rose from those prices, closing the year above $15. But that gain is small solace to most HUYA shareholders. The stock rose 300% out of the gates; it fell nearly 70% from highs above $50 to the end-of-year price. The chart still suggests a falling knife, and between competition from privately held Douyu and others, plus a 3x-plus multiple to 2019 revenue estimates, HUYA stock could have further to fall. That said, here, too, there's a bull case worth buying. Video game demand in China continues to rise -- and should do so for years at a pace that exceeds even that of the U.S. The company has turned profitable already. And a buyout isn't out of the realm of possibility. The risks here looks similar to those facing many issues in the Chinese stock market. The rewards, however, do not. A return even close to 2018 highs suggests huge upside for HUYA. And a heavy short interest, plus a thin float, means a short squeeze provides a potential catalyst once sentiment finally turns. ### PetroChina (PTR) For a $200 billion company, PetroChina (NYSE:PTR) gets a surprisingly small amount of attention. What news there has been of late, however, certainly hasn't been good. PTR trades near its lowest levels in almost three years - and is only a few points away from touching a thirteen-year low. It's not hard to see why that is. Oil prices are falling; the spike in natural gas is fading. Concerns about the Chinese economy are rising. If anything, it might seem surprising that PTR fell "only" 12% in 2018. * 10 Top Stock Picks From the Street's Best Analysts But those obvious risks also set up a potential case for a rebound. It's hard to think of any large-cap stock that could benefit more from a broad reversal in sentiment. If investor fear turns back to greed, oil bounces, Chinese stocks bounce and PTR could gain big. After all, the stock traded above $80 -- 30% or more above current levels as recently as early October. ### Baidu (BIDU) Source: Shutterstock On this site in early November, Luke Lango laid out the value-based bull case for Baidu (NASDAQ:BIDU). Lango isn't alone: Wall Street analysts on average see over 50% upside for BIDU. And yet the stock has dropped another 20% in the last two months, closing out a year in which BIDU declined some 32%. The bulls may not be wrong, however -- just early. The chart is ugly, and Baidu is going to need some help from the Chinese stock market to end its long decline. When that reversal comes, however, there's a lot to like here. BIDU trades at a mid-teen multiple to forward earnings despite heavy investments in the business and losses from iQiyi (NASDAQ:IQ). Its search dominance seems assured. Like a lot of Chinese stocks, BIDU probably just needs some time for investor confidence to return. As of this writing, Vince Martin has a bearish out-of-the-money options position in Tesla. He has no positions in any other securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top Stock Picks From the Street's Best Analysts * 7 Tech Stocks Without China Exposure * 5 Strong-Buy Stocks That Crushed 2018 Compare Brokers The post 5 Chinese Stocks to Avoid Now (But Buy Later) appeared first on InvestorPlace.
Suncor Is Trading at a Premium Despite Falling 30% in Q4 (Continued from Prior Part) ## Short interest in Suncor Suncor Energy’s (SU) short interest (its percentage of outstanding shares) has risen 0.5% since October 1, the beginning of the fourth quarter, to 0.8%. Suncor stock has fallen 30.3%. A rise in short interest implies increased bearishness toward a stock. ## Why the change in sentiment? Bearishness toward Suncor may have risen due to its lower-than-expected third-quarter earnings of 0.96 Canadian dollars and weak fourth-quarter earnings forecast, and the Government of Alberta’s announcement of production cuts. Despite the cuts, which aim to address the province’s supply glut, Suncor expects its production to grow by 10% in 2019. A rise in volumes could soften bearishness toward the stock. In the fourth quarter, the company’s earnings could fall due to upstream earnings being impacted by lower oil prices. WTI has fallen 40% since October 1. ## Peers’ short interest Since October 1, Suncor peers PetroChina (PTR), ExxonMobil (XOM), and Chevron (CVX) have seen their short interest rise by 0.1% to 0.2%, 0.8%, and 1.1%, respectively, and their stock prices fall 26.4%, 20.6%, and 12.7%. Browse this series on Market Realist: * Part 1 - Why Suncor Is Trading at a Premium after Falling * Part 2 - What Prompted Suncor Stock to Fall 30% in the Fourth Quarter * Part 3 - What Do Suncor’s Moving Averages Suggest?
Suncor Is Trading at a Premium Despite Falling 30% in Q4(Continued from Prior Part)Forecasting Suncor’s stock price In this part, we’ll estimate Suncor Energy’s (SU) stock price based on its implied volatility.
Suncor Is Trading at a Premium Despite Falling 30% in Q4(Continued from Prior Part)Suncor’s moving averages Previously, we saw that Suncor Energy (SU) stock fell 30% in the fourth quarter. In this part, we’ll look at its moving average trends.
In the previous part, we looked at Total’s (TOT) moving average trend. Now, we’ll consider its implied volatility to forecast its stock price range until December 31, 2018.
In the previous part, we saw that Total (TOT) stock has fallen 21% in the current quarter. Now let’s look at Total’s moving average trend in the quarter.
Total (TOT) stock has fallen 21% in the fourth quarter so far. In the same period, crude oil prices and equity markets have also slumped. WTI (West Texas Intermediate), the benchmark oil, has fallen 39% in the current quarter. Plus, the SPDR S&P 500 ETF (SPY), a broader market indicator, has declined 17% in the fourth quarter so far.
Dec 27 (Reuters) - Sichuan Expressway Co Ltd : * SAYS IT SIGNS FRAMEWORK AGREEMENT TO BUY OIL PRODUCTS FROM PETROCHINA'S SICHUAN BRANCH WITH TOTAL TRANSACTION OF UP TO 1.6 BILLION YUAN ($233.11 million) ...
In the previous part, we reviewed the changes in institutional holdings in BP (BP). In this part, we’ll discuss the changes in the short interest in BP.
Billionaire hedge fund managers such as Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the big players […]
So far, BP (BP) stock has fallen 18% in the fourth quarter due to the fall in oil prices. WTI, the benchmark oil, has fallen 34% in the fourth quarter. Equity markets have also fallen in the fourth quarter. The SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index, has declined 12% in the fourth quarter.
In the previous part, we reviewed the changes in the institutional holdings in Royal Dutch Shell (RDS.A). In this part, we’ll discuss the changes in Shell’s short interest.
We started this series by reviewing Royal Dutch Shell’s (RDS.A) stock price performance and moving average trends. In the previous part, we estimated Shell’s stock price forecast range based on its current implied volatility. In this part, we’ll discuss Shell’s dividend yield trend. First, let’s look at Shell’s dividend payment in the current quarter.
The implied volatility in Royal Dutch Shell (RDS.A) has risen by nine percentage points compared to October 1 to the current level of 26%. During the same period, Shell stock has declined 15%. The implied volatility in Shell stock and its stock price have moved inversely during the quarter.
Determined to avoid a natural gas supply crunch, the Chinese authorities are handling gas supplies much better this winter as both imports and domestic production are rising
In this series, we’ve reviewed Chevron (CVX) stock’s moving averages, its decline this quarter, and how the company’s robust third-quarter earnings boosted it in November. In this part, we’ll estimate Chevron’s stock price based on its implied volatility.
The short interest (percentage of outstanding shares) in ExxonMobil (XOM) stock has risen from 0.67% on October 1 (the beginning of the current quarter) to 0.71%. Usually, a rise in the short interest indicates an increase in the bearish sentiment for the stock. During the same period, ExxonMobil’s stock price has fallen 10.3%. The short interest in ExxonMobil and its stock price have moved in the opposite direction in the fourth quarter.
We started this series by analyzing ExxonMobil’s (XOM) stock performance compared to crude oil and the equity market in the fourth quarter. We saw that ExxonMobil stock, oil prices, and equity markets have all fallen in the fourth quarter. We also reviewed ExxonMobil’s moving averages.