Geopolitics Alpha

Ripe Olives From Spain: Preliminary Results and Partial Rescission of Countervailing Duty Administrative Review; 2024

Published . Updated .

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

GEOPOLITICS ALPHARipe Olives From Spain:Preliminary Results and PartialRescission of Countervailing Duty…PORGEOPOLITICS ALPHA

The U.S. Department of Commerce (Commerce) preliminarily finds that countervailable subsidies were provided to producers and exporters of ripe olives from Spain. The period of review (POR) is January 1, 2024, through December 31, 2024. In addition, Commerce is rescinding this review, in part, with respect to four companies. Interested parties are invited to comment on these preliminary results.

Directly affected

  • POR Portland General Electric+4.0% 18d

    Named in this report.

Indirectly affected

  • EWP iShares MSCI Spain ETF-0.9% 6d

    iShares MSCI Spain ETF holds stocks listed in Spain, which this story is about (“spain”).

  • SAN Banco Santander, S.A-12.1% 30d

    Banco Santander, S.A (commercial banks) is one of the largest Spain-based companies traded in the US, so news about Spain (“spain”) reaches its shares.

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Spain, which this story is about.

  • XLU Utilities Select Sector SPDR+7.1% 30d

    Utilities Select Sector SPDR holds the utilities sector that Portland General Electric belongs to, so it often moves with news about it.

  • NEE NextEra Energy+10.5% 30d

    NextEra Energy is a peer of Portland General Electric in electric services; rivals often move on the same news.

  • SO The Southern+12.3% 30d

    The Southern is a peer of Portland General Electric in electric services; rivals often move on the same news.

  • CEG Constellation Energy+2.8% 30d

    Constellation Energy is a peer of Portland General Electric in electric services; rivals often move on the same news.

  • AEP American Electric Power+7.9% 30d

    American Electric Power is a peer of Portland General Electric in electric services; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
PORNo price data for this ticker———————
EWPNo price data for this ticker———————
SANNo price data for this ticker———————
EFANo price data for this ticker———————
XLUNo price data for this ticker———————
NEENo price data for this ticker———————
SONo price data for this ticker———————
CEGNo price data for this ticker———————
AEPNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

The U.S. Department of Commerce (Commerce) preliminarily finds that countervailable subsidies were provided to producers and exporters of ripe olives from Spain. The period of review (POR) is January 1, 2024, through December 31, 2024. In…

Source: Federal Register

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

25 out of 100

“Ripe Olives From Spain: Preliminary Results and Partial Rescission of Countervailing Duty Administrative Review; 2024” scores 25 out of 100. The score uses 2 sources.