Market Maker Surveillance Report. BAC, FCX, SWFT, HLT, XLI, UNG, Bullishly Biased Price Friction For Wednesday, November 23rd
November 24, 2016 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 5399 companies with "abnormal" market making, 3166 companies with positive Friction Factors and 2863 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. Bank of America Corporation (NYSE:BAC), Freeport-McMoran Copper & Gold Inc. (NYSE:FCX), Swift Transportation Company (NYSE:SWFT), Hilton Worldwide Holdings Inc. (NYSE:HLT), Industrials Select Sector SPDR (NYSE:XLI), United States Natural Gas Fund LP (NYSE:UNG). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Market Maker Friction Factor is shown in the chart below:
Symbol Change Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction BAC $0.280 0.01% 37,714,178 34.02% 43,201,016 38.97% -5,486,838 Abnormal FCX $1.090 0.07% 23,090,143 33.61% 28,857,003 42.00% -5,766,860 Abnormal SWFT $0.500 0.02% 808,918 15.49% 3,069,197 58.79% -2,260,279 Abnormal HLT $0.150 0.01% 1,547,417 22.17% 3,322,310 47.60% -1,774,893 Abnormal XLI $0.460 0.01% 4,398,185 28.36% 7,668,191 49.45% -3,270,006 Abnormal UNG $0.240 0.03% 15,223,664 40.55% 16,946,206 45.14% -1,722,542 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Wednesday and their stock prices rose. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows BAC with 5,486,838 greater shares of selling than buying (NetVol) and the stock price was up $0.28000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
Bank of America Corporation (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. The Legacy Assets & Servicing segment engages in mortgage servicing activities related to residential first mortgage and home equity loans; and managing legacy exposures related to mortgage origination, sales, and servicing. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina..
Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) - Freeport-McMoRan Inc., a natural resource company, acquires, explores, and develops mineral assets, and oil and natural gas resources. The company explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, as well as oil and gas. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo, Africa. The company s oil and gas operations include oil production facilities in the Deepwater Gulf of Mexico; oil production facilities onshore and offshore in California; onshore natural gas resources in the Haynesville shale in Louisiana; natural gas production from the Madden area in central Wyoming; and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore located in South Louisiana. As of December 31, 2015, its consolidated recoverable proven and probable mineral reserves included 99.5 billion pounds of copper, 27.1 million ounces of gold, 3.05 billion pounds of molybdenum, 271.2 million ounces of silver, and 0.87 billion pounds of cobalt; and its estimated proved oil and natural gas reserves totaled 252 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona..
Swift Transportation Company (NYSE:SWFT) - Swift Transportation Company operates as a multi-faceted transportation services company in North America. The company operates through four segments: Truckload, Dedicated, Swift Refrigerated, and Intermodal. The Truckload segment provides services through one-way movements over irregular routes utilizing company s and owner-operator tractors with dry van, flatbed, and specialized trailing equipment in the United States, Mexico, and Canada. The Dedicated segment offers tailored solutions under long-term contracts utilizing refrigerated, dry van, flatbed, and other specialized trailing equipment. The Swift Refrigerated segment primarily offers shipments for customers who require temperature-controlled trailers. This segment s shipments include one-way movements over irregular routes, as well as dedicated truck operations. The Intermodal segment moves freight over the rail in containers and other trailing equipment; and provides drayage services to transport loads between the railheads and customer locations. The company also offers logistics and freight brokerage services, as well as support services to its customers and owner-operators, including repair and maintenance shop services, equipment leasing, and insurance. As of December 31, 2015, it operated a fleet of 15,211 company tractors and 4,653 owner-operator tractors; 65,233 trailers; and 9,150 intermodal containers from 40 terminals near key freight centers and traffic lanes. Swift Transportation Company serves various customers primarily in the retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. The company was formerly known as Swift Holdings Corp. Swift Transportation Company was founded in 1966 and is headquartered in Phoenix, Arizona..
Hilton Worldwide Holdings Inc. (NYSE:HLT) - Hilton Hotels Corporation is engaged, together with its subsidiaries, in the ownership, management and development of hotels, resorts and timeshare properties, and the franchising of lodging properties. As of December 31, 2005, the Company's system contained 2,388 properties with approximately 375,000 rooms. Of such properties, it owned an interest in and operated 84 hotels, leased six hotels, managed 210 hotels owned by others, and franchised 2,054 hotels owned and operated by third parties. All of these properties are located in the United States, with the exception of 16 hotels in which it owns an interest and/or manages, and 63 hotels that it franchises. On February 23, 2006, the Company consummated the acquisition of the lodging assets of Hilton Group plc operated by its subsidiary, Hilton International Co. (HI).
The Company's operations consist of three segments: Hotel Ownership, Managing and Franchising, and Timeshare. The Hotel Ownership segment derives earnings from owned, majority-owned and leased hotel properties, and equity earnings from unconsolidated affiliates (primarily hotel and other real estate joint ventures). The Managing and Franchising segment provides services, including hotel management and licensing of its family of brands to franchisees. This segment generates its revenue from fees charged to hotel owners. The Timeshare segment consists of multi-unit timeshare resorts. This segment sells and finances timeshare intervals, and operates timeshare resorts. At December 31, 2005, its hotel brands included Hilton, Hilton Garden Inn, Doubletree, Embassy Suites, Homewood Suites by Hilton, Hampton and Conrad. The Company develops and operates timeshare resorts through Hilton Grand Vacations Company and its related entities, which it wholly owns. As of December 31, 2005, it managed (and in some cases, partially owned) hotel properties in Belgium, Egypt, England, Hong Kong, Indonesia, Ireland, Mexico, Puerto Rico, Singapore, Thailand and Turkey. It also franchised hotel properties in Canada, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Peru, Puerto Rico and Venezuela.
Hotel Ownership
As of December 31, 2005, the Company owned a majority or controlling financial interest in and operated 30 hotels, representing 22,971 rooms. The owned hotels include the 1,416-room Waldorf-Astoria, the 1,980-room Hilton New York, the 2,860-room Hilton Hawaiian Village, the 1,240-room Hilton Waikoloa Village, the 1,908-room Hilton San Francisco, the 1,544-room Hilton Chicago, the 1,119-room Hilton Washington and the 1,572-room Hilton New Orleans Riverside.
As of December 31, 2005, the Company leased six hotels, representing 2,245 rooms. It leases the hotel from its owner, manages the hotel and is generally responsible for all aspects of the hotel's operations, and recognizes all revenues and substantially all expenses associated with the hotel's operations. As of December 31, 2005, it had a minority or non-controlling financial interest in and operated 54 hotels, representing 17,040 rooms. The Company manages each of the partially owned hotels for the entity owning the hotel.
Managing and Franchising
As of December 31, 2005, the Company managed 210 hotels, representing 53,115 rooms, which are wholly owned by others. Under its standard management agreement, it operates a hotel for the benefit of its owner, which either owns or leases the hotel and the associated personal property. Its management fee is generally based on a percentage of each hotel's gross revenue plus, for the majority of properties, an incentive fee based on operating performance.
As of December 31, 2005, the Company franchised 2,054 hotels, representing 275,350 rooms, which are owned and operated by third parties. In general, franchisees pay the Company an initial fee based on the number of rooms in a franchise hotel and a continuing fee based on a percentage of the hotel's rooms revenue, which may be up to 5% of rooms revenue depending on the brand. Although the Company does not directly participate in the management or op.
Industrials Select Sector SPDR (NYSE:XLI) - INDUSTRIAL SPDR.
United States Natural Gas Fund LP (NYSE:UNG) - United States Natural Gas Fund LP.
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