May 6, 2021
While the easiest ETF move for rising oil prices would be a pure play oil fund, investors shouldn’t ignore the oil services side of the equation with funds like the
OIH is going from strength to strength, with a year-to-date gain of about 33%. Stretch that performance out to a one-year span and investors will see a gain of just over 100%.
OIH seeks to replicate the price and yield performance of the MVIS® US Listed Oil Services 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index.
The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the oil services segment. Such companies may include small- and medium-capitalization companies and foreign companies that are listed on a U.S. exchange.
Arcus Biosciences, Inc (RCUS) Reports Q1 Loss, Lags Revenue Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Copa Holdings (CPA) Incurs Narrower-Than-Expected Loss in Q1 Zacks.com 2 days ago
Copa Holdings CPA incurred a loss (excluding 37 cents from non-recurring items) of $2.23 per share in the first quarter of 2021, narrower than the Zacks Consensus Estimate of a loss of $2.25. In the year-ago period, the company reported earnings of $1.75. Results were hurt by coronavirus-induced limited flight operations. The company’s flight operations were only 39% of the 2019 (pre-pandemic) level in the quarter.
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On a consolidated basis, traffic (measured in revenue passenger miles or RPMs) fell 61.6% and capacity (measured in available seat miles/ASMs) declined 54.8%. As traffic decline was more than the amount of capacity contraction, load factor (% of seats filled with passengers) contracted 12.3 percentage points to 69.2% in the reported quarter. Passenger revenue per available seat miles decreased 33.3% year over year to 7 cents. Additionally, t
Groupon (GRPN) Surpasses Q1 Earnings and Revenue Estimates yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Airline Stock Roundup: GOL & ALGT Report Q1 Loss Amid Coronavirus Woes Zacks.com 2 days ago
Gol Linhas Aereas Inteligentes GOL and
Allegiant Travel Company ALGT incurred losses for first-quarter 2021. Results were hurt by the huge plummet in passenger revenues. Also, air-travel remained weak on a year-over-year basis. Further, heavyweights like
American Airlines AAL and
Southwest Airlines LUV reported first-quarter loss due to dwindling passenger revenues as mentioned in the previous week’s write up.
Additionally,
SkyWest SKYW underperformed estimates in the March quarter despite reporting earnings, unlike the above two carriers. SkyWest’s results were affected by a significant cut in the number of scheduled flights as a result of the pandemic.