85.01 -0.72 (-0.84%)
After hours: 6:17PM EDT
|Bid||85.87 x 900|
|Ask||85.88 x 1100|
|Day's Range||85.80 - 87.71|
|52 Week Range||73.94 - 116.63|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||7.71|
|Earnings Date||Aug 2, 2019|
|Forward Dividend & Yield||4.20 (4.78%)|
|1y Target Est||101.70|
Although down for the better part of the day, stocks managed to fight their way back into the black on Monday. The S&P 500's 0.02% rise is anything but impressive, but it gives the bulls another day to build their technical and psychological support.Source: Shutterstock Symantec (NASDAQ:SYMC) held the rally back more than any other name, falling more than 10% after Broadcom (NASDAQ:AVGO) announced it was throwing in the towel in its acquisition effort. Teva Pharmaceutical (NYSE:TEVA) was problematic too, however, falling nearly 8% after Morgan Stanley downgraded the stock. Analyst David Risinger is worried about underestimated competition and litigation risks related to its opioid business.At the other end of the spectrum, Tesla (NASDAQ:TSLA) jumped more than 3% for a bevy of reasons, including winning two different "car of the year" awards.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monthly Dividend Stocks to Buy to Pay the Bills As Tuesday's action gets going, however, it's the stock charts of Ford (NYSE:F), International Paper (NYSE:IP) and LyondellBasell Industries (NYSE:LYB) that merit the most attention. Here's why. International Paper (IP)The last time we looked at International Paper back in mid May, it was trapped in a downtrend largely guided by resistance at the 200-day moving average line, plotted in white on both stock charts. A near-term technical floor was holding it, but the sellers were persistently chipping away.They ultimately won the fight, dragging shares below that support area. The stock tried to bounce back, as it has since early 2018. As has also been the case since then, however, IP once again lost a fight when another ceiling stepped up to the plate. Things are apt to get worse before they get better. Click to Enlarge * The newest technical ceiling is the 50-day moving average line, plotted in purple. Rebound efforts repelled there in early June and again in early July. * This month's weakness has also been on above-average selling volume, suggesting there are more bears waiting in the wings. * The next major technical floor is around $39.50, marked in red. International Paper shares have found a floor there a few times since the beginning of 2016, and late last year in particular. LyondellBasell Industries (LYB)Two weeks ago, LyondellBasell Industries shares appeared to be on the mend. They had snapped back from a rough May, crawling back above the purple 50-day moving average line and then the gray 100-day average line, and then started to find support at that moving average. However, a push up and off the 100-day line to test the white 200-day moving average line ultimately proved disastrous. All it took was a kiss of the 200-day moving average to lead into a significant loss for that day.Before sliding back into trouble though, LYB stock found support at an established floor again, and appears to be positioning for another shot at clearing the 200-day moving average. It's less than an ideal effort though. Click to Enlarge * The support area in play now is once again the 50-day moving average line, bolstered by horizontal support around $83.60 where shares found a floor a few times in the first quarter of the year. * Although the bleeding stopped before too much damage was done, the recent setback has been on huge volume, and the two rebound days were on subpar volume. * If LyondellBasell can punch through the ceiling near $88, the next most meaningful level is around $96, marked in yellow, where LYB stock found support and resistance several times since 2017. Ford Motor Company (F)Ford has been a tough name to own for a long time. Even with the recent rebound effort, the stock remains down more than 40% from its 2014 peak price.This effort could be different though. While we've seen past recovery effort falter when bumping into an established technical ceiling, reinforcing that very ceiling, this advance is better grounded than most of the past ones have been. Click to Enlarge * The ceiling in question is the resistance line that tags all the key peaks going back to 2015, plotted in blue on the weekly chart. It has being tested again. * Since early June, F stock has found pretty persistent support at its purple 50-day moving average line. This support is highlighted on the daily chart. * Although it wouldn't readily appear this is the case on the daily chart, the weekly chart's Chaikin line -- by virtue of pointing upward again after crossing zero in April -- says there's consistent buying volume in place.As of this writing, James Brumley held a long position in Ford. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Big Stock Charts for Tuesday: Ford, International Paper and LyondellBasell appeared first on InvestorPlace.
HOUSTON and LONDON, July 12, 2019 /PRNewswire/ -- LyondellBasell (LYB) today announced the final results of its "modified Dutch Auction" tender offer, which expired one (1) minute after 11:59 p.m., New York City time, on July 8, 2019. LyondellBasell has accepted for purchase 35,144,596 shares at a price of $88.00 per share, for an aggregate cost of approximately $3.09 billion, excluding fees and expenses relating to the tender offer. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as dealer managers for the tender offer.
The largest change — a 20,100-person increase — was thanks to a multibillion-dollar acquisition that closed in 2018.
LyondellBasell Industries NV NYSE:LYBView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for LYB with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.71 billion over the last one-month into ETFs that hold LYB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
HOUSTON and LONDON, July 9, 2019 /PRNewswire/ -- LyondellBasell (LYB) today announced the preliminary results of its "modified Dutch Auction" tender offer, which expired one (1) minute after 11:59 p.m., New York City time, on July 8, 2019. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the Depositary, LyondellBasell expects to acquire approximately 35,145,068 shares at a price of $88.00 per share, for an aggregate cost of approximately $3.09 billion, excluding fees and expenses relating to the tender offer. These shares represent approximately 9.5 percent of the shares outstanding as of July 8, 2019.
The final Daily VWAP is $87.3671 and the Final Price Cap for the tender offer is $96.1038. As set forth in the offer to purchase, the "Daily VWAP" is the daily per share volume-weighted average price for Shares on the New York Stock Exchange, as defined in more detail in the offer to purchase and the "Final Price Cap" is a price that equals 110% of the Daily VWAP on the Expiration Date of the tender offer. Since the Final Price Cap of $96.1038 is greater than $88.00, the greatest single per Share price that the Company could pay for Shares properly tendered and not properly withdrawn from the tender offer, the Final Price Cap will not affect the single per Share price (the "Final Purchase Price") the Company will pay for Shares properly tendered and not properly withdrawn from the tender offer.
The second quarter of 2019 has ended and that means we're at the halfway point in the Best Stocks for 2019 contest.Over the last three months, trade-war headlines and Federal Trade Commission announcements kept the markets interesting to say the least. But the S&P 500 and Dow are making new all-time highs, and the Nasdaq is close to doing the same.In the Best Stocks contest, we had wild swings as marijuana stocks briefly fell out of favor and the trade war hit some stocks more than others. While the stock that finished in first place clearly broke away from the pack, the race was tight between second and fifth places.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy for the Rest of 2019 So without further ado, let's take a look at how each of the Best Stocks' competitors did in Q2. Syrah Resources (SYAAF)Investor: Eric Fry Year-to-Date Change Through Q2: -40%Syrah Resources (OTCMKTS:SYAAF) is an all-in bet on the electric vehicle revolution -- and revolution hasn't come just yet. No matter which auto company ends up dominant and which battery they use, the anode on these batteries must be graphite. And SYAAF holds the largest graphite mine in the world.Right now, however, Syrah is cash flow-negative and the current demand for graphite isn't enough to drive it.But Eric Fry points out two positives:* "Syrah has been narrowing its operating losses, mostly by mining its graphite more efficiently … Quarterly cash-flow from operations has improved from a low of -$41 million in September 2016 to -$8 million in the most recent quarter. But a minus sign is still not a plus sign.* SYAAF is in the process of issuing new debt and equity to raise an additional $78 million. But this new cash isn't coming cheap. In order to attract these funds, the company is issuing stock at 56 cents a share -- a steep 20% discount to where the stock was trading before the company announced this financing."However, the stock has one thing going for it in this contest. As of this writing, SYAAF trades at just 61 cents and has a market cap of $213 million. And the best stocks for 2019 contest counts percent gained. That means less is needed to move the needle here than with other stocks on this list -- namely the Reader's Choice.Read more about SYAAF from Eric Fry here. Weibo (WB)Source: Shutterstock Investor: Kyle WoodleyYTD Change: -28%Those who follow the markets even casually won't need an explanation for a nearly 35% drop in a Chinese stock over the last three months. Of course it was the trade war.Weibo (NASDAQ:WB), the Chinese microblogging platform, has little to do with trade between the U.S. and China. But it has been caught in the crossfire nonetheless.As Investorplace's Luke Lango writes:"Broadly speaking, Weibo is China's Twitter (NYSE:TWTR). But, Wiebo has more users than Twitter, is more profitable than Twitter, and is growing more quickly than Twitter. Despite all that, Weibo has a market cap about half that of Twitter. Why? ARPU rates. Weibo monetizes its users less than Twitter. This is just a time issue."WB's growth -- particularly when it comes to digital ads -- has stalled out as a result of the macro concerns surrounding the Chinese economy, largely as a result of the trade war.Weibo reported earnings of 56 cents and revenues of $399 million for the first quarter, both beating expectations and showing large amounts of growth from the year-ago quarter. But WB fell on lowered Q2 guidance. * The 7 Top Small-Cap Stocks Of 2019 So WB stock's outlook for the second half largely depends on the trade war. If it continues, the stock will likely stall out, but if an agreement is finally reached, look for a nice pop in the price. Canada Goose (GOOS)Source: Shutterstock Investor: Will AshworthYTD Change: -11%Canada Goose (NYSE:GOOS) had posted at 10% YTD gain by the end of Q1, and it has now swung just as far in the opposite direction. The main culprit? A May 29 earnings report that showed the clothing brand's explosive growth is finally slowing.But InvestorPlace's Will Ashworth thinks that this slowing growth is not only okay, it's inevitable:"Canada Goose, like all growth stocks, is moving through a transitional period, where it goes from the 'It' brand to something more sustainable with the corporate infrastructure in place to meet the increased demand. "With the shock of slowing growth already priced into GOOS stock, the second half should hold more gains as margins improve and the company's expansion into China continues to take hold.Read more about GOOS from Will Ashworth here. LyondellBasell (LYB)Source: Via LyondellBasellInvestor: Charles SizemoreYTD Change: 3.7%LyondellBasell (NYSE:LYB) has jumped from 9th place to 7th over the course of Q2. With a gain of just 3.7% YTD, this just goes to show the current volatility of the market. So what happened for LYB this quarter?First, and best for LYB stock price, LyondellBasell walked away from a merger with Brazilian chemical company Braskem in early June. Shares ripped higher on the news. LYB shares hit a multi-year low on May 31, and gained 16% in the month of June.Is there more growth ahead for LYB? It's a plastics company, so it's rightfully under increased scrutiny and regulation when it comes to environmental impact. But Sizemore believes LYB is positioning itself well for a more environmentally conscious world:"LYB is not quietly waiting for its business to be regulated into extinction. The company recently announced a partnership with Finnish refiner Neste to begin commercial-scale production of bio-based plastic from renewable materials, and the company has numerous other green initiatives. Environmentalists may never love the company. But LYB is giving fewer reasons to hate it with every passing day." * 7 Value Stocks to Buy for the Second Half LyondellBassell also has a dividend payout of 4.8%. The higher yield is at least partially attributable to stock price, the company has steadily increased its dividend since its introduction seven years ago and still has a low payout ratio of just 36%.Read more about LYB from Charles Sizemore here. Viper Energy Partners (VNOM)Source: Shutterstock Investor: Neil GeorgeYTD Change: 21%Petroleum-company landlord Viper Energy Partners (NASDAQ:VNOM) has fallen from third place to sixth over Q2. This isn't great. But since VNOM is a property holder, not directly a petroleum producer, it misses a lot of highs and lows of the industry.Consider Diamondback Energy (NASDAQ:FANG), which originally set up the company. It's stock chart for the year looks more like a rollercoaster than most stocks described as such -- and it's only up 16% in the first half. If you're looking for a thrill ride, go with a more traditional petroleum play, but if you're looking for an investment, VNOM is safer, albeit less exciting. Neil George writes:"Petroleum prices never, ever keep going in one direction for long. There is a constant flow of supply and demand estimates and news and analysis that send prices for crude oil and natural gas up or down day by day and week by week … So, zero or infinity pricing just isn't in the cards for petroleum products. Rather than placing bets on oil soaring or plummeting, I've focused primarily for the longer-term on companies that go about their businesses whether crude oil prices are popping or dropping".George also points out that at current prices, VNOM is cheap. It trades at just 2.37 book value. VNOM also has a dividend yield just below 5%, which is incredible for a stock that's doubled in value since just June 2017.VNOM may have fallen this quarter, but it definitely still has the potential to take the crown.Read more about VNOM from Neil George here. Amazon (AMZN)Source: Shutterstock Investor: Readers' ChoiceYTD Change: 29%Readers' Choice stock Amazon (NASDAQ:AMZN) waned in the last few days of Q2. When I wrote the update on June 26, the e-commerce giant was a hair's breadth from second place, but it ultimately finished the first half in fifth. That just shows the close nature of the Best Stocks for 2019 contest.Readers don't need to wonder if Amazon has more to come in 2019. It's Amazon, of course it does. Next week, Amazon has its now two-day long Prime Day. Last year, AMZN sold $1 billion worth of profits in 36 hours with a site outage.Furthermore, the company's famous two-day Prime shipping is being cut to one day. The initial cost will hit Amazon's profit in the Q2 report, but the move should further establish dominance for the company over Walmart (NYSE:WMT), Target (NYSE:TGT) and other traditional brick-and-mortar retailers.Of course the threat of government regulation looms large, especially when President Donald Trump targets Amazon by name at random. But will the current government manage to enact any regulation in the next two quarters? How efficiently has the current administration accomplished other pet projects for the president? * 7 Retail Stocks to Buy That Are Down in 2019 Regardless of whether regulation comes this year, next year, or in a future presidential administration, the back half of 2019 is unlikely to be boring for AMZN stock.Read more about Reader's Choice AMZN here. Adobe (ADBE)Source: Shutterstock Investors: John Jagerson and Wade HansenYTD Change: 33%After holding the second spot for some time, software company Adobe (NASDAQ:ADBE) finished the quarter in fourth. John Jagerson and Wade Hansen still believe ADBE stock is undervalued based on its fundamentals.Over the past few years, Adobe has been shifting most of its software to a subscription model, which has done wonders for ADBE's top and bottom lines. But as John and Wade said:"Revenue and EPS have been rising with the stock's price, but its earnings multiple remains near historical lows … The point behind a value-price comparison like this is to determine if investors are paying more, or less, for each dollar of earnings than they have in the past. Because growth is still strong, paying less for the stock now indicates the likely probability that the shares are still undervalued."This means there's likely more growth ahead for ADBE stock. But will it be enough to beat out the competition?Read more about ADBE from John and Wade here. Teladoc (TDOC)Source: MayApps207 via WikiMedia Investor: Jason MoserYTD Change: 40%Teladoc (NYSE:TDOC) made a last-minute sprint for third place as the first half drew to a close. TDOC rallied 10% in the last three sessions of June, winning the tight race for third among ADBE and AMZN.Teladoc reported some great Q1 earnings and crossed 1 million doctor's visits for the first time, despite a weaker flu season. This company specializes in telehealth, or remote doctors' visits and other healthcare services. This places it at the forefront of the evolving healthcare industry, and its explosive growth shows that."The business is still unprofitable but what else is new? Profitability will come in time and management reiterates that the company will be cash flow positive for the first time in 2019 so we'll hold them to that target," wrote Jason Moser of The Motley Fool. * 10 Best S&P 500 Stocks to Buy For the Rest of 2019 TDOC has a growing business and investors are excited about it. Moser also anticipates additional partnerships with more traditional healthcare companies to be announced in the remainder of the year, meaning there's likely share price growth ahead as well.Read more about TDOC from Jason Moser here. Lululemon (LULU)Source: Shutterstock Investor: Louis NavellierYTD Change: 52%In Q2, the race was close … for second place. Lululemon (NASDAQ:LULU) was previously in first.The athleisure company, which Louis Navallier called "the North Star of retail clothing stocks," reported a remarkable double-beat-and-raise Q1 that showed the company is still growing -- and fast. The company also reported same-store sales of 14% compared to the expected 11.6%.Navellier cautioned that the ongoing trade war could lead to disappointing Q2 earnings for LULU, but also talked about many upcoming growth areas for the company:"LULU is now in expansion mode. It has built out its e-commerce business and is expanding its brick and mortar presence.Along with that expansion Lululemon has begun to offer yoga classes in some stores. It also keeps a tight rein on its brand, so it has complete control of its margins. This is one of the secrets of its success.Lululemon has even expanded its brand to include men's and children's lines as well. It has also launched a membership program that's still in beta testing, and just this week announced that it's going to begin a line of personal care products with Sephora."Can LULU reclaim the top spot? Definitely.Read more about LULU from Louis Navellier here. Charlotte's Web Holdings (CWBHF)Investor: Matt McCallYTD Change: 71%A 71% gain for a stock at the halfway point doesn't seem disappointing -- unless the stock was up 81% at the end of Q1. This is the case for Charlotte's Web holdings (OTCMKTS:CWBHF). But, as Matt McCall wrote, marijuana isn't just the hot sector of the moment, it's a sector at the beginning of a long-term growth narrative."Interest in sectors and asset classes ebbs and flows, and because the marijuana industry has been flying so high in recent months, we were overdue for a short-term correction.We're seeing that now. But don't make the same mistake a lot of people are making. Don't sell your holdings because some idiot tells you 'the marijuana bubble has popped.'Instead, focus on the long-term picture."A number of things happened in Q2 that should help CWBHF in Q3. The company named a new CEO, Adrienne Elsner, a former Kellog's (NYSE:K) executive. As McCall pointed out, her former position will help Charlotte's Web focus more on branding going forward. In Canada, CWBHF is now trading on the Toronto Stock Exchange. The next stop is the Nasdaq or New York Stock Exchange.In the days since Q2 ended, CWBHF has already reclaimed the top slot, meaning this is definitely one to watch for the rest of the year.Read more about CWBHF from Matt McCall here.As of this writing, Regina Borsellino held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post 10 Best Stocks for 2019: A Volatile First Half appeared first on InvestorPlace.
LyondellBasell Industries NV (NYSE: LYB) is spending $550,000 to expand its footprint near Clear Lake as it shifts staff to the area. The company is relocating 35 employees from its Bayport facility in Pasadena to the third floor of its office at 16055 Space Center Blvd., a company spokeswoman said in an email. LyondellBasell currently occupies 12,775 square feet in the building, and it will lease an additional 9,936 square feet as part of the expansion.
LyondellBasell's stock performance turned sharply upward in June, with improving investor sentiment backed by a late-month update.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
HOUSTON and LONDON, July 3, 2019 /PRNewswire/ -- LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, today announced Kenneth (Ken) Lane will assume the role of executive vice president, Global Olefins & Polyolefins (O&P) effective July 15. Lane will have responsibility for the O&P Americas and O&P Europe Asia International (EAI) segments, reporting to Chief Executive Officer Bob Patel. Prior to joining LyondellBasell, Lane held a variety of positions with BASF, including president of the Monomers Division and president of BASF Catalysts.
The unit is slated to be the most advanced unit globally, which will use LyondellBasell's (LYB) Spherizone production technology.
Moody's Investors Service, ("Moody's") has upgraded to Ba3 from B1 the rating on EIF Channelview Cogeneration, LLC's (Channelview, Borrower or Project) senior secured credit facilities. The facilities consist of a $275 million senior secured term loan B due 2025 (approx. $250 million currently outstanding) and a $30 million revolving credit facility due 2023. Channelview owns an 856 MW and 1.9 MM lbs/hr of steam, natural-gas fired, combined-cycle cogeneration facility located in the Houston zone of ERCOT.
HOUSTON and LONDON, June 26, 2019 /PRNewswire/ -- LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, today announced net income, EBITDA and earnings per share guidance for its second quarter financial results. Based on currently available information, LyondellBasell expects that second quarter EBITDA will improve by approximately 10 to 20 percent over results for the first quarter of 2019. Net income is expected to be in the range of $1,035 million to $1,080 million with EBITDA projected between $1,575 million to $1,675 million and diluted earnings between $2.79 and $2.91 per share.
LyondellBasell's (LYB) collaboration with Neste indicates a major milestone in the commercialization of the latter's renewable polymers and chemicals business.
ROTTERDAM, Netherlands , June 18, 2019 /CNW/ -- LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, and Neste (NESTE, Nasdaq Helsinki), the world's largest producer of renewable diesel from waste and residues, today jointly announce the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.
Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America's largest-ever in-court debt restructurings. The bankruptcy filing comes after years of struggles for Odebrecht, the biggest of the Brazilian engineering groups caught in a sweeping political corruption investigation that has rippled across Latin America. Shares in Braskem are pledged as collateral to the creditors.
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 9 percentage points since the end of the third quarter of 2018 as investors worried over the possible ramifications of rising interest rates and escalation of the trade war with China. The hedge funds and institutional investors we track typically invest more […]