• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Consumer Discretionary

Energy Companies Climb Though Oil, Market Only Post Small Gains

In a broadly flat day, there were some big winners.
By CARLETON ENGLISH Mar 03, 2016 | 05:31 PM EST
Stocks quotes in this article: SWHC, HPE, BTU, CHK, SWN

Thursday's trading ended relatively flat across the board, although energy companies, including many on Real Money's "Stessed Out" index, were big winners.

The S&P 500 gained 0.35%, the Dow Jones Industrial Average increased 0.26%, and the Nasdaq added 0.09%. 

Even though the price of crude only posted a modest gain Thursday, closing at $34.71 a barrel, energy companies were the biggest gainers on the S&P 500. Chesapeake Energy (CHK) closed up 25%, while Southwestern Energy (SWN) increased 18%. Earlier Thursday, Real Money looked at the intraday rally among "Stressed Out" energy companies.

Shares of Smith & Wesson Holding (SWHC) were briefly halted after climbing 8% in after-hours trading as the Massachusetts-based firearms manufacturer's fiscal third-quarter earnings blew past analyst estimates. The company reported earnings of $0.59 a share on revenue of $211 million. Analysts were expecting earnings of $0.39 a share on $175 million in revenue. Shares of the company rose 76% over the past year. 

"The combined strength of our firearms and accessories businesses delivered an exceptional performance, driven by healthy consumer demand across our growing portfolio of firearm and outdoor lifestyle offerings," CEO James Debney said in Thursday's earnings release.

Elsewhere, shares of Hewlett-Packard Enterprise (HPE) rose 7% in after-hours trading as the company reported fiscal first-quarter earnings of $0.41 a share on revenue of $12.7 billion, in line with analyst expectations of $0.40 a share on $12.6 billion in revenue. It was the first time the Palo Alto, Calif.-based company reported earnings since splitting from Hewlett Packard in November.

Shares of Peabody Energy (BTU) closed up 33% to $3.24 in Thursday's trading. Despite the recent gain, the company has faced trouble in recent weeks. On Thursday, The Deal reported that one of the Missouri-based coal producer's planned asset sales was in jeopardy as the purchaser has faced difficulty securing financing. Proceeds of the sale are crucial to Peabody remaining in compliance with its debt covenants, The Deal reported.

On Friday morning, Real Money will bring readers its "rapid reaction" to February's jobs data, to be released by the Labor Department at 8:30 a.m. ET. Consensus estimates suggest that 195,000 jobs were added in February. Last month's employment report showed 151,000 jobs added in January.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity | Consumer Discretionary

More from Consumer Discretionary

Mattel Is Doing Swell, So Add to It on Fresh Highs

Bruce Kamich
Apr 23, 2021 8:07 AM EDT

It appears buyers of the toymaker's stock have been more aggressive of late based on its charts.

Altria Heads Lower but a Long-Term View May Be Helpful

Bruce Kamich
Apr 20, 2021 12:20 PM EDT

Is there another trade to be made?

Planet Fitness Looks Out of Shape Right Now

Bruce Kamich
Apr 13, 2021 3:11 PM EDT

Our latest look at the PLNT charts.

Cruise Operator Carnival Still Isn't a Stock I Want to Climb Aboard

Jonathan Heller
Apr 9, 2021 9:00 AM EDT

The window the company offered this week on its results and financial state continue to give this value investor pause.

Norwegian Cruise Line Finally May Be Cruising Toward Higher Prices

Bruce Kamich
Apr 6, 2021 9:01 AM EDT

However, the technical signals of the cruise line operator don't entirely indicate smooth sailing ahead.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:38 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The Art of the Remount
  • 07:35 AM EDT BOB LANG

    Join Me for a Special Earth Day Webinar, Talking Volatility and VIX

    After the close Thursday join me for a free webina...
  • 04:17 PM EDT REAL MONEY

    Wednesday on Real Money Pro

    Get-rich quick schemes offer little more than pipe...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login