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home / news releases / TRP - Stocks Up Midstream Down


TRP - Stocks Up Midstream Down

MLPs staged a comeback effort late in the week (+3.7% Wednesday to Friday), but finished down vs. last week, and well below the S&P 500's 3.3% gain. Utilities were also negative, as it seemed a lower for longer rate environment and looser inflation targets were bullish growth stocks over income ones this week. Apparently, midstream fell into the income category rather than the energy category this week.

The FTSE Infrastructure index was positive, with transportation stocks globally able to overcome that weakness in utilities and midstream. Airport stocks in Europe traded particularly well this week.

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Stock Information

Company Name: TransCanada Corporation
Stock Symbol: TRP
Market: NYSE
Website: www.tcenergy.com

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