Month: November 2019

Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
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Shares of Etsy (NASDAQ:ETSY) plunged in late October after the specialty e-retailer reported mixed third-quarter numbers that included a lame fourth-quarter guide. The broad implication? The Etsy growth narrative is slowing, with the revenue growth trajectory flattening out and margins starting to come under pressure. Source: quietbits / Shutterstock.com Heading into the print, ETSY stock
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A Delta Air Lines jet taxis beyond parked Southwest Airlines planes at McCarran International Airport September 12, 2005 in Las Vegas, Nevada. Ethan Miller| Getty Images Here are the biggest calls on Wall Street on Friday: Citi initiated Delta Airlines & United Airlines as ‘buy’ Citi initiated several airline stocks and said it liked Delta’s
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Check out the companies making headlines before the bell: Exxon Mobil – The energy giant reported quarterly earnings of 75 cents per share, 8 cents a share above estimate. Revenue also beat analysts’ forecasts. CEO Darren Woods said the company was making “excellent progress” on its long-term growth strategy. Alibaba – The Chinese e-commerce giant
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A stock like Hexo (NYSE:HEXO) is going to look intriguing to some investors. After all, the HEXO stock price has dropped 73% in a little over six months. Source: Shutterstock That plunge itself could draw in investors who try to time bottoms, particularly those who are bullish on the long-term opportunity in cannabis. Certainly, in
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U.S. stock futures are edging higher this morning after a messy Halloween session. Sellers emerged early yesterday after concerns over the U.S.-China trade war surfaced, but buyers returned mid-day and powered the market higher into the close. Source: Shutterstock Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.42% and S&P
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Chevron reported a 36% decline in third-quarter earnings as lower oil and natural gas prices offset an increase in production. Chevron earned $2.6 billion in the third quarter, down from $4 billion a year earlier. Both EPS and revenue missed the Street’s expectations. The stock was about 1% lower in early trading. Chevron said that
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U.S. equities, including transportation stocks, were rallying to new record highs on Friday, pushing the S&P 500 up and over the 3,050 level for the first time. The move exits a long consolidation range going back to July and comes in the wake of better-than-expected employment data and a better-than-feared manufacturing report for October. Nonfarm
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An employee passes the Google logo. Carsten Koall/Getty Images Democrats and Republicans don’t agree on much these days, but their mutual distrust of big tech stocks poses an underappreciated threat to companies like Google and Facebook, according to Goldman Sachs. And while the Department of Justice and the Federal Trade Commission already announced investigations into
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