Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to
Traders work, as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange, October 30, 2019. Brendan McDermid | Reuters October is ending strong. Here’s what’s next. The market is closing out October from a position of considerable
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after the bell following the company’s third-quarter revenue miss, coming in at $279.7 million, which was
Salesforce (NYSE:CRM) CEO Marc Benioff recently declared that capitalism is dead, suggesting that America “[Needs] a new, more sustainable, more equitable, more fair capitalism.” Benioff’s company is one of 193 American businesses that have signed the Business Roundtable’s Statement on the Purpose of a Corporation that highlight’s the need for companies to address all the
After touching year-to-date 2019 highs of $3.44 in the beginning of April, Chesapeake Energy (NYSE:CHK) has been tumbling fast. CHK stock is already lower by 59% and I don’t see any respite. Source: Casimiro PT / Shutterstock.com Chesapeake Energy has certainly been trying to lower the cost and increase the weight of oil in production.
Stocks were roiled Thursday by the return of headline risk, which was compounded by the variety of that risk — it was both domestic and foreign in nature. Source: Venturelli Luca / Shutterstock.com Starting in the latter category, China appears intent on adding another chapter to the long-running trade saga with the U.S. Today, the
Innovative Industrial Properties (IIPR) – which has been one of the better performing stocks of the cannabis sector – announced yesterday a couple more acquisitions and partnerships that could bode well for this stock. The first announcement highlighted the closing of a sale-leaseback transaction with PharmaCann LLC (PharmaCann) for a property located in Dwight, Illinois.
The Federal Reserve just cut interest rates for the third time this year and said it will likely pause from here. That scenario is usually very good for stocks. CNBC used Kensho, a hedge fund analytics tool, to track what happened to the market after the Fed cut interest rates at least three times. In
Over the trailing year, semiconductor and technology firm Nvidia (NASDAQ:NVDA) has taken stakeholders on a wild ride. Right around this point in 2018, Nvidia stock was desperately treading water after a sharp bout of volatility. Unfortunately, the increasingly vitriolic U.S.-China trade war clouded the entire tech sector. Source: JHVEPhoto / Shutterstock.com Seemingly, though, we’re on
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Check out the companies making headlines after the bell: Lyft shares climbed during extended trading following the company’s raised full-year revenue guidance and posted better-than-expected earnings
Snap (NYSE:SNAP) has benefited from an impressive, unexpected comeback in 2019. Because the company has begun earning more revenue from ads, investors have snapped up SNAP stock. Source: dennizn / Shutterstock.com However, once investors look closely, they may find that SNAP has not entirely escaped the challenges that briefly took Snapchat stock below $5 per
The S&P 500 hit a record high again, just it has each session this week. The market continues to grind higher as investors work through earnings and as the Federal Reserve cut interest rates once more. Both earnings and the Fed were a top focus in the stock market today. Before the open, investors were
Former Exxon CEO Rex Tillerson said the company tried to understand the impact of climate change, and tried to accurately communicate the impact to shareholders, as he testified on Wednesday in New York during the second week of a trial against the oil giant. The case, brought by New York Attorney General Letitia James, alleges
[Editor’s note: This article was previously published on Sept. 13, 2019. Due to changes in the market since then, parts of this article have been rewritten with new information.] The holidays represent great opportunities to take a good look at your portfolio and make sure that you are good to get through the holiday buzz
Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters Stocks were slightly lower and bond yields were near lows of the day after the Fed signaled a pause when it said it would move to “assess” its
U.S. equities are treading water ahead of the Federal Reserve’s latest policy decision, with the Dow Jones Industrial Average holding near the 27,000 level. While most stocks are holding steady ahead of what is expected to be another interest rate cut, energy stocks are weakening here as West Texas Intermediate drops back below the $55-a-barrel
The Federal Reserve again lowered by interest rates by 25 basis points today — the central bank’s third rate cut this year — but as was the case following last month’s rate reduction, stocks did a whole lot of nothing following the news. Source: Venturelli Luca / Shutterstock.com Fed speak may have been the culprit
(credit Fidelity.com) Gold has basically been going sideways for about 2 months now, trending sideways after a local high. There is some debate out there about what level traders should watch for gold. Your friendly Gold Enthusiast likes to err slightly on the side of caution for several reasons. First, keeping levels “tight” leads to
Traders work the floor of the New York Stock Exchange. Getty Images This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the
Shares of Microsoft (NASDAQ:MSFT) soared to all-time highs in late October after the cloud giant prevailed over Amazon (NASDAQ:AMZN) and won the U.S. Department of Defense’s highly coveted, $10 billion JEDI cloud computing contract. Source: VDB Photos / Shutterstock.com Make no mistake about it. This is a huge deal. Indeed, it’s a reason to buy
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
Intel (NASDAQ:INTC) is trading near five-year highs as sales to cloud data centers continue to grow. The company beat earnings estimates on Oct. 24 by a substantial margin. CEO Bob Swan predicted double-digit earnings growth for the second half of the year. Despite this, INTC stock remains cheap relative to the market. Source: dennizn /
It’s been a rough year for U.S. food delivery giant GrubHub (NASDAQ:GRUB), as GrubHub stock has tumbled amid concerns about escalating competition, slowing growth, and eroding profitability. But, while things were bad for GRUB before, they just got a lot worse. In late October, GrubHub reported third quarter numbers that missed estimates across the board.
The market tone has shifted as investors shrug off potentially concerning news, bid up stocks on less-than-stellar earnings and keep the stock market at all-time highs. The latter was achieved again in the stock market today, with the S&P 500 hitting $3,044.40. The only one of the three indices that hasn’t hit new highs on
A stretched rubber band eventually snaps The range in crude oil has narrowed over since early October Three factors that could move oil higher over the coming weeks The price of crude oil was trending lower since late April when the nearby NYMEX futures contract hit the high for 2019 at $66.60 per barrel. Increased
An oil well owned and operated by Apache Corp. in the Permian Basin of Garden City, Texas. Spencer Platt | Getty Images Third-quarter growth is expected to come in at a weakish 1.6%, with the biggest hits to come from slowing business investment. The first reading on real GDP for the third quarter is expected
More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.
Earlier this month, Credit Suisse analyst John Walsh said that “it takes a village” to assess General Electric (NYSE:GE) stock. Source: Jonathan Weiss / Shutterstock.com I don’t agree with that sentiment. Heading into the company’s third-quarter earnings, due Oct. 30, I remain convinced that prior results show that the company’s aerospace unit remains strong, while
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types of stocks achieve 25 consecutive years of payout hikes, analysts refer to them as “dividend aristocrats.” As many of the top tech stocks matured, they embraced the practice of annual dividend increases. Now, dividend
This year, Amazon.com (NASDAQ:AMZN) had some good news for customers: one-day shipping is now standard for Amazon Prime orders. But in last Thursday’s quarterly report, this translated into bad news for investors in AMZN stock. The effort contributed to a spectacular earnings miss: Last year, Amazon earned $5.75 per share in the third quarter. Analysts were expecting