On Thursday, Credit Suisse Group AG (ADR) (NYSE:CS)’s shares inclined 2.17% to $27.75.
Credit Suisse Group AG (ADR) (CS) driven by supply fundamentals and macroeconomic factors, according to Credit Suisse Asset Management.
The Bloomberg Commodity Index Total Return performance was negative for the month, with 15 out of 22 Index constituents trading lower.
Credit Suisse Asset Administration observed the following:
- Industrial Metals was the worst performing sector, down 7.70%, as a continued weak economic growth outlook for China weighed on demand expectations.
- Agriculture declined 3.50%, led lower by softs, as a weaker Brazilian Real incentivized exports of sugar, coffee and soybeans. In addition, heavy rainfall improved the coffee harvest outlook in Brazil and Colombia, increasing supply expectations.
- Energy finished the month 2.13% lower, led by Natural Gas. Inventories rose more than predictable towards the end of the month, and forecasts for moderate weather across the U.S. reduced cooling demand expectations.
- Livestock gained the most, up 2.34%. In addition to Lean Hogs, Live Cattle also ended the month higher following raised wholesale beef demand. Furthermore, good pasture conditions incentivized producers to hold back cattle, shrinking near term supplies.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide.
Cree, Inc. (NASDAQ:CREE)’s shares dropped -0.28% to $24.80.
Cree, Inc. (CREE) declared the Connected Cree® LED Bulb’s compatibility with market leader in home automation, SmartThings, which is part of the Samsung Global Innovation Center. The news comes just four months after the Connected Cree LED Bulb’s inaugural launch and reinforces its position as the most compatible connected LED bulb on the market.
The Connected Cree LED Bulb is the first smart LED bulb to deliver the combination of the lighting experience customers expect from Cree with industry-leading simplicity, multi-platform compatibility and affordability. Fully dimmable and controllable through the SmartThings app, the 60-watt replacement Connected Cree LED Bulb consumes 81 percent less energy and has a rated lifetime of 25,000 hours, backed by a three-year warranty. The bulb is accessible at The Home Depot® for just $14.97.
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company’s LED Products segment provides blue and green LED chips that are used in various applications, counting video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications.
At the end of Thursday’s trade, SunPower Corporation (NASDAQ:SPWR)‘s shares dipped -0.15% to $25.98.
SunPower Corp. (NASDAQ: SPWR) declared that on July 31, 2015, it will redeem the entire $79,000 outstanding principal amount of its 0.75% Senior Convertible Debentures due in 2027 (CUSIP No. 867652 AB 5). SunPower intends to use accessible funds to redeem the debentures.
SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters. It also offers rooftop and ground-mounted solar power systems, counting residential systems, commercial roof and ground mounted systems, utility and power plant systems, and utility-scale photovoltaic power plants.
SM Energy Co (NYSE:SM), ended its Thursday’s trading session with 3.79% gain, and closed at $44.35.
SM Energy Co (SM) apprehends that recent NGL price declines will hurt its 2015 total revenue by about $25 million, or by 1.5% of its total budgeted revenue. The company’s full-year budgeted revenue is rooted in production volumes and strip pricing as of Feb 3, 2015.
However, the NGL price sensitivity takes into account the same budgeted production volumes with actual realized NGL prices as of May 31, 2015. The nominal impact predictable from lower liquids prices is unlikely to hurt drilling or production plans.
In the first quarter of 2015, NGL volume was 43.3 thousand barrels per day (MBbls/d), up 34.9% from the first quarter of 2014. The company anticipates total production for 2015 to range 60.4–63.5 thousand barrels of oil equivalent per day (MBoe/d). As of Mar 31, 2015, SM Energy had a cash balance of $0.02 million and long-term debt of $2,616.5 million, with a debt-to-capitalization ratio of 53.9%.
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast region, which focuses primarily on Eagle Ford shale program; Rocky Mountain region comprising the Bakken/Three Forks formations in the North Dakota portion of the Williston Basin; Permian region covering western Texas and southeastern New Mexico; and Mid-Continent region, which manages Haynesville and Woodford shale assets.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
