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MicroSectors
@msectors
Providing 3X/-3X exposure to the names you know in the sectors you follow. Brought to you by @rexshares | Important disclosure:
Joined June 2018
814 Following    20.3K Followers
All 25 names in the oil and gas E&P index have reported Q2. Twenty beat on EPS, and the services names got the best of the tape. $SLB cleared its estimate by 6.3% at $0.55 excluding charges and credits and gained 11.0%, the largest move on the board. $BKR beat by 31.5% at $0.64 adjusted, the widest surprise in the index, and added 5.8%. The other two service names went the other way, with $HAL down 5.5% on a 2.3% beat and $FTI down 3.9% on a 13.4% beat. Refining and integrated results were strong and unevenly rewarded. $MPC beat by 27.1%, $PSX by 25.4%, $VLO by 23.8%, and $DINO by 18.3% at $5.31 adjusted. $OXY topped that group at 29.8%. $EOG cleared its estimate and still fell 6.5%. The five misses were $OVV (-10.5%), $DTM (-4.8%), $LNG (-4.3%), $EQT (-3.3%), and $XOM (-3.0%). $EQT missed and rose 8.5% anyway. $XOM and $CVX together carry 29.6% of the index and split, with $CVX up 2.4% on a beat and $XOM down 1.0% on a miss. Full scorecard below.
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