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
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.
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.
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
Investors were tipping toward a “risk-off” position in the stock market today. Conflicting reports about the trade agreement, impeachment concerns and economic worries pushed stocks down Thursday. All said, the SPDR S&P 500 ETF (NYSEARCA:SPY) slipped 0.27%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) fell 0.5% and the PowerShares QQQ ETF (NASDAQ:QQQ) eked out a
Investors continue to digest the Federal Reserve’s rate cut, while trying to price in trade-war risks and a recession in Hong Kong. Further, we continue to get a plethora of earnings reports. Let’s look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Starbucks (SBUX) Starbucks (NASDAQ:SBUX) opened higher Thursday, after
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
On Oct. 23, Microsoft (NASDAQ:MSFT), released its fiscal first-quarter results. They showed improvement by its cloud segment, Azure, in particular and by its entire business in general. Source: Peteri / Shutterstock.com In 2019, MSFT stock is up about 40%. I believe that the strong performance of Microsoft stock has been based on robust fundamentals, which I
Blockstack, one of the first blockchain startups to have raised money in a Reg A+ offering, has hired GSR Markets to trade its “stacks” (STX) token. According to an Oct. 24 filing with the U.S. Securities and Exchange Commission (SEC), the blockchain startup will pay GSR for providing liquidity in markets outside of the U.S.
Tim Cook, CEO of Apple, laughs during a launch event unveiling new products at the Brooklyn Academy of Music on October 30, 2018 in the Brooklyn borough of New York City. Apple debuted a new MacBook Pro, Mac Mini and iPad Pro. Stephanie Keith | Getty Images Wall Street analysts are starting to feel more
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
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
MBK, a Tokyo-based and Tokyo Stock Exchange-listed merchant bank, has signed a deal for the tokenization of property in Estonia. The Japanese financial company said in an announcement on Monday it will be working with BitOfProperty (BOP), a Singapore-incorporated, Tallinn-operating enterprise that’s already selling fractional ownership of real estate in the EU member state. BOP said
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
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
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
(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
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
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
CME Group has just published the specifications for its upcoming bitcoin options contracts. The Chicago exchange revealed Wednesday that each contract would be based on one of CME’s bitcoin futures contracts (which in turn consists of five bitcoin); the contracts would be quoted in U.S. dollars per bitcoin with a tick size of $25 (or
[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
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