IIR Top Refining News Today: January 18th 2021
Industry Segment: Petroleum Refining | Word Count: 366 Words
Syncrude Canada will conduct a 50-day planned maintenance turnaround on April 3 of the 93,000-BBL/d Coker 8-3 unit at its 265,000-BBL/d Mildred Lake Oil Sands Upgrader and Refinery in Fort McMurray, Alberta.
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The three major U.S. stock indexes closed with nominal losses. Investors, however, remain upbeat about the trajectory of the economy, based on the strength in value and small-cap stocks.
The three major U.S. stock indexes were mixed Thursday, but beneath the surface, there was strength in the market.
The
S&P 500 slid 14.30 points, or 0.38%, to end at 3,795.54, and the
Nasdaq Composite fell 16.31 points, or 0.12%, to close at 13,112.64. The biggest gainer in the S&P 500 was petroleum refiner
HollyFrontier (ticker: HFC), with an 11% stock surge.
President-elect Joe Biden is expected to speak in the evening in detail about fiscal stimulus. Trillions of dollars of fiscal stimulus have already shored up consumers’ savings, and a few trillion dollars more would add to the pent-up demand that could be unleashed when Covid-19 vaccines are widely distributed.
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Space is cold, but space investing is heating up. Space-linked stocks are rocketing higher Wednesday because a well-known Tesla bull has turned her gaze upward.
ARK Invest, founded by technology disruption guru Cathie Wood, is planning a new exchange-traded fund focused on space stocks, based on filings with the Securities and Exchange Commission.
Wood,.
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Space is cold, but space investing is heating up.
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Industry Segment: Petroleum Refining | Word Count: 163 Words
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Investors don’t have to guess, explains Julian Emanuel, chief equity and derivatives strategist at BTIG. A stock with a high short interest may pop after earnings because numbers that elicit a shrug could be enough to put upside pressure on a stock and force short sellers to buy back their borrowed stock.
Earnings revisions the changes analysts are making to their estimates are also a good way to judge whether a company faces high or low expectations. If revisions have been rising, the bar might be high, while lowered estimates could mean it’s easier for a company to clear it. Finally, a stock that is trading at a low valuation might also be primed to rise, even if earnings aren’t all that, Emanuel says.