Little Engine No. 1 beat Exxon with just $12.5 mln – sources

Activist investor Engine No. 1 spent roughly $12.5 million to win three board seats at Exxon Mobil Corp, less than half its original budget, for the year’s biggest and most closely watched corporate contest, people familiar with the number said. Source: Industry Insights

Energy Sector Update for 06/28/2021: MPC,MPC,CGRN,BKR,AY

Energy stocks declined sharply this afternoon, with the NYSE Energy Sector Index falling 3.2% while the SPDR Energy Select Sector ETF retreating 3.5%. The Philadelphia Oil-Service Sector index was posting a 4.8% decline although the Dow Jones US Utilities Index was rising 0.4%. Source: Industry Insights

Japan's Nikkei ends flat as investors cautious ahead of U.S. data

Japan’s benchmark Nikkei index ended flat on Monday, weighed down by chip-related stocks tracking a muted Nasdaq trade in the previous session, while investors were also cautious ahead of key U.S. economic data due later this week. Source: Industry Insights

U.S. refining capacity shrinks 4.5% as pandemic shuts plants

U.S. refining capacity last year fell 4.5% to 18.13 million barrels per day (bpd) from a record 18.98 million bpd a year earlier, the U.S. government reported on Friday, reflecting weak demand for motor fuels during the COVID-19 pandemic. Source: Industry Insights

Notable Monday Option Activity: LESL, MPC, JEF

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Leslie’s Inc (Symbol: LESL), where a total volume of 13,839 contracts has been traded thus far today, a contract volume which is representative of approximately Source: Industry Insights

US STOCKS-Futures rise as focus turns to Fed's inflation stance

S&P 500 futures hit a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Source: Industry Insights

Is Marathon Petroleum (NYSE:MPC) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ It’s only natural to consider a company’s balance sheet when you Source: Industry Insights