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IBDvalueinvestin (99.65)

Consumer stocks taking off now that Crude falling heavy on Build of 5.5M barrels when a loss was expected.

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July 29, 2009 – Comments (1) | RELATED TICKERS: JNY , ARO , M

The extra build in crude inventories is great news for consumer dependent stocks: Retail, look at JNY, ARO, M, the lower the Oil the more money consumers have for retail.

 

Summary of Weekly Petroleum Data for the week ending July 24
Production: U.S. crude oil refinery inputs averaged 14.6 mln bpd during the week ending July 24, 171 thousand bpd below the previous week's avg. Refineries operated at 84.6% of their operable capacity last week. Gasoline production fell last week, averaging nearly 9.0 mln bpd. Distillate fuel production decreased last week, averaging about 4.0 mln bpd... Imports: U.S. crude oil imports averaged 10.0 mln bpd last week, up 821 thousand bpd from the previous week. Over the last four weeks, crude oil imports have averaged 9.5 mln bpd, 586 thousand bpd below the same four-week period last yr. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged nearly 1.0 mln bpd. Distillate fuel imports averaged 254 thousand bpd last week... Inventory: At 347.8 mln barrels, U.S. crude oil inventories are above the upper boundary of the avg range for this time of yr. Total motor gasoline inventories decreased by 2.3 mln barrels last week, and are in the upper half of the avg range. Both finished gasoline inventories and gasoline blending components decreased last week. Distillate fuel inventories increased by 2.1 mln barrels, and are above the upper boundary of the avg range for this time of yr. Propane/propylene inventories increased by 2.0 mln barrels last week and are above the upper limit of the avg range. Total commercial petroleum inventories increased by 5.5 mln barrels last week, and are above the upper limit of the avg range for this time of yr... Demand: Over the last four weeks, motor gasoline demand has averaged 9.2 mln bpd, up by 0.8% from the same period last yr. Distillate fuel demand has averaged about 3.3 mln bpd over the last four weeks, down by 10.7% from the same period last yr. Jet fuel demand is 13.3% lower over the last four weeks compared to the same four-week period last yr. (Click here for a chart of stockpiles and imports)

1 Comments – Post Your Own

#1) On July 29, 2009 at 11:17 AM, IBDvalueinvestin (99.65) wrote:

I like JNY longterm as employers switch higher paid Men with Women in the service industry. That spells big profits for JNY stores as employers cut costs and hire women instead of men.

If you don't believe this trend then you need to read up on the employment trends currently occuring. If your a man in the services industry? I advise you to work very hard or a women could be your replacement and she won't mind making $10k less a year.

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