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Tag: sector

Drones, solar and apps: It's not your father's sector rotation anymore

Drones, solar and apps: It's not your father's sector rotation anymore

Finance
Many individual investors fail to manage their equity portfolios with an awareness of "sector rotation" — ups and downs in different sectors' performance, stemming from changing economic conditions and inevitable shifts in market favor.Historically, determining which sectors were likely to do well at a given time was basically a function of the economy. Different sectors tended to perform well at different points in the economic growth cycle, from recession to expansion and then back down again, affected variously by such factors as commodity prices, the broad state of corporate earnings, interest-rate shifts and consumer confidence.Some of this wisdom may still apply, but things are much different now, especially regarding consumer sectors. As relentless technological advances change cons
Texas energy sector okay after Harvey, Fed survey finds

Texas energy sector okay after Harvey, Fed survey finds

Business
Sept. 28 (UPI) -- Respondents to a survey from the Federal Reserve Bank of Dallas said Hurricane Harvey should have only a modest, but lingering, impact on the energy sector.Hurricane Harvey hit the southern coast of Texas and the largest density of refineries on the southern Gulf Coast in late August. By now, all of the refineries are back in service, though eight are still operating at reduced capacity. Around 15 percent of total U.S. refining capacity was impacted by the storm at the peak.About half of the respondents from 143 energy companies to a survey from the Dallas Fed said they expected minor impacts on their business activity from Harvey."Respondents reported widespread but generally limited impacts on their operations due to Hurricane Harvey, and most believe these effects will...
Industry body calls for easy land and finance availability to boost senior housing sector

Industry body calls for easy land and finance availability to boost senior housing sector

Finance
NEW DELHI: The government should provide easy land availability and finance options to private real estate developers and offer incentives to boost the senior housing sector in India, according to industry body PHD Chamber. The body has urged the Centre to establish a regulatory body for senior housing to invite genuine stakeholders to participate and promote fair plays in the market. In an report published today, PHD Chamber has also called for a single window mechanism for real estate developers planning to develope senior housing. Rajeev Talwar, vice president, PHD Chamber and chief executive officer, DLF, feels motivation to real estate developers is required with lucrative framework and investment opportunities for promoting large scale participation in the senior housing sector b...
Texas oil and gas sector resilience 'extraordinary'

Texas oil and gas sector resilience 'extraordinary'

Business
Sept. 21 (UPI) -- Even though the price of oil is low by historical stands, a state energy official in Texas said the oil and gas sector there has been extraordinarily resilient.Texas is the No. 1 oil producer in the country and accounts for about a quarter of the total U.S. natural gas production. When oil prices moved below $ 30 last year, the sector faltered as companies spent less on oil and gas production.Christi Craddick, the head of the regulatory Railroad Commission, said producers working in the state have learned, however, to do more with less."Even through the recent downturn, the Texas oil and gas industry has shown extraordinary resilience," she said in a statement. "Because of your ingenuity, we're seeing industry growth today despite the price of oil."The Permian shale basin...
Texas energy sector facing slight headwinds

Texas energy sector facing slight headwinds

Business
July 24 (UPI) -- Strong job growth in Texas was apparent, though some energy sector indicators are still presenting headwinds, the Federal Reserve Bank of Dallas said.A report from the Federal Reserve Bank of Dallas found job growth in the state was 3.6 percent and the overall forecast for the year was 2.8 percent, an upward revision from 2.6 expected in its last forecast."Strong job growth in June and a rebound in the leading index pushed the job forecast to its highest level this year," Keith R. Phillips, the fed's assistant vice president, said in a statement. "Growth in the second quarter was 2.8 percent, the fastest we have seen since the end of 2014."The report found indicators from the energy sector were acting negatively on overall prospects, though new exploration and production i...