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
We are now about halfway through the third-quarter earnings season, and the numbers so far have been much, much better than expected. According to data from FactSet, roughly 80% of companies that have reported earnings have reported better-than-expected earnings. And they’ve been topping profit expectations by about 4%, on average. Meanwhile, 64% of companies have
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
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
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
Chipotle restaurant workers fill orders for customers in Miami. Getty Images The stronger-than-expected October jobs report and big revisions to prior months shows that the labor market is resilient and that should encourage the Fed to stay on the sidelines. The economy added 128,000 jobs in October, despite the negative impact of 42,000 striking General
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
Aurora Cannabis (NYSE:ACB) stock continues to fall. As the supply glut worsens and the cost of regulation turns buyers to the black market, investors continue to sell off Aurora and its peers. Source: ElRoi / Shutterstock.com Given the continuing drop in ACB stock and worsening industry conditions, I would not expect a turnaround soon. Put
Yes, Halloween was yesterday, but endure one more related pun: The October jobs report that was released earlier today didn’t trick investors. Rather, it a provided a treat that boosted stocks to end the week and start November on the right foot. Source: Venturelli Luca / Shutterstock.com The major equity benchmarks rallied today after the
(credit Fidelity.com) Common logic says that when equities go up precious metals go down. We did see silver (and gold) drop on the announcement. But shortly thereafter the metals climbed off the floor and staged a strong comeback rally. Silver closed the New York day session higher than it opened, and looks to be continuing
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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
An Exxon Mobil station in Cincinnati, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Exxon Mobil — Shares of Exxon Mobil climbed more than 2.5% despite the international petroleum giant reporting earnings down 49% in the third quarter. Investors appeared reassured by CEO Darren Woods’s comments
I always keep tabs on IPO stocks, as I’m a big believer in investing early, but I’ll be the first to tell you that it’s not always easy. If you’re looking for large, long-term gains – and who isn’t? – investing early is necessary. One example you probably know is Facebook (NASDAQ:FB). If you’d invested
[Editor’s note: “6 Monthly Dividend Stocks to Buy” was previously published in Sept. 2019. It has since been updated to include the most relevant information available.] Most dividend stocks pay their shareholders quarterly, but a few dividend-yielding stocks offer monthly distributions. The group is small: less than 100, with many of the offerings being exchange-traded funds
Back in July, I wrote that Aurora Cannabis (NYSE: ACB) had a cash burn problem. In the past week, it has become painfully clear HEXO (NYSE: HEXO) stock has one too. Source: Shutterstock The HEXO stock price has tanked another 22.8% in the past two weeks. Unfortunately, analysts are not recommending investors buy the dip
What a week it has been, and it’s not one the bears will have liked. Despite the busiest earnings week of the quarter, a Fed rate decision on Wednesday and the monthly jobs report on Friday, U.S. equities continue to hold strong. In fact, it was another day of record highs in the stock market
Earlier this week, an H.C. Wainwright analyst initiated coverage of GW Pharmaceuticals (GWPH), adding to the buzz already surrounding this increasingly popular cannabis stock. On Wednesday, H.C. Wainwright analyst Douglas Tsao initiated coverage, giving the stock a “Buy” rating and $170 price target. In a note to investors, Tsao said that he expects GWPH stock
Hey everybody Dave Bartosiak with Trending Stocks at Zacks.com. Apparently you folks are a little too swept up in the holiday spirit. I like a good Christmas story as much as anybody out there but the Miracle on Pennsylvania Avenue hasn’t even filmed a trailer yet. King Donald hasn’t had his official coronation and everyone
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Federal prosecutors have asked for two civil cases against J.P. Morgan Chase be put on hold until they have finished a related criminal prosecution involving current and former precious metals traders at the nation’s largest