Weatherford, Nabors Slide into Monday’s 52-Week Low Club
Weatherford International, Nabors Industries, BGC Corp., and Superior Energy Services all posted new 52-week lows Monday.
All Work
Paul Ausick
How Boeing Is Propping Up the Dow
Boeing's share price gain Monday accounts for about 60% of the gain in the Dow. The aircraft maker looks to be on solid footing heading into the end of the year and the 12-month…
Gasoline Pump Prices at Low for the Year
Retail gasoline prices dipped to a year-to-date low to open the week about 2.5 cents below the national average price at this point last year. The low prices are not expected to continue for…
Ram Pickup Sales Soar, Ford F-Series Sales Edge Down
Sales of pickups and SUVs carried U.S. automakers Ford and Fiat Chrysler in November. Toyota's midsize Tacoma posted its best-ever November with more than 21,000 units sold in the month.
Jeep, Ram Send FCA’s November Sales 17% Higher
Fiat Chrysler sales rose by 17% in November led by a gain of 12% in Jeep sales and 44% in Ram pickup sales.
Ford Sales Drop 7% in November, Cars Down 20%
Ford sales dropped 7% year over year in November with sales of passenger cars down nearly 20%. Shares are rising on news that tariffs will be reduced on autos exported to China.
Tesla Depreciation Case Study a Positive Read on Demand
Analysts at Loup Ventures have calculated that the Tesla Model S depreciates more slowly than competitive vehicles in its class, whether electric or gasoline-powered.
OPEC, Canada Make Moves to Raise Crude Prices
Saudi Arabia and Russia agreed last week to curb production next year, but details still need to be worked out. In Canada, the province of Alberta has mandated a production cut in an effort…
Encana, Schlumberger Drop into Friday’s 52-Week Low Club
Weatherford International, Encana, Nabors Industries, and Schlumberger all posted new 52-week lows Friday.
US Oil Rig Count Rises by 2, Price Rises Slightly for the Week
The U.S. land-based oil rig count rose by two this week while rigs drilling for natural gas dropped by five. The net decline of three was equal to the prior week's count. Crude prices…
Can Saudi Arabia Stop the Slide in Crude Prices?
Ahead of next week's OPEC meeting in Vienna, Russian president Vladimir Putin and Saudi crown prince Mohammed bin Salman are planning to meet on the sidelines of this week's G20 meeting to set a…
Apple’s Latest Reinvention: Apple as a Service
When Apple announced that it would no longer report unit sales for iPhones, iPads, and Macs, investors had a tizzy, concluding that the company's hardware sales were beginning to tank. Analysts at Loup Ventures…
Half a Billion Starwood Hotels Customer Records Breached
A data breach that started in 2014 when Starwood Hotels was still an independent company may have released 500 million guest records. Marriott, which acquired Starwood in 2016, may be on the hook for…
Are Big Q3 Earnings at VMware, Dell a Mixed Blessing for Merger?
Dell Technologies and VMware both posted double-digit revenue gains in the third quarter. The better-than-expected results could toss a monkey wrench into Dell's planned re-entry into the public markets.
Tiffany, Express Inc. Tumble into Thursday’s 52-Week Low Club
Weatherford International, Express Inc., Spirit Realty Capital, and Tiffany all posted new 52-week lows Thursday.
How Does Faltering Luxury Retailer Neiman Marcus Survive?
Luxury retailer Neiman Marcus has failed to reach agreement with its debtholders regarding some $4.7 billion in notes due in 2020 and 2021. Although there's still time to avoid bankruptcy, Neiman's choices are few.
Natural Gas Price Weakens Following Lower Inventory Drawdown
The U.S. natural gas stockpile drawdown last week was smaller than expected and that has added more weight on already-falling futures prices. Gas for January delivery is trading about 20 cents below Wednesday's closing…
October Pending Home Sales Presage Coming Declines in Sales, Prices
The year-over-year decline in monthly sales of existing home ran to its 10th straight month in October. The National Association of Realtors does not see a significant turnaround on tap and expects 2019 to…
Why Abercrombie & Fitch Is Soaring After Earnings Report
Shares of Abercrombie & Fitch skyrocketed Thursday following a blowout third-quarter report and an outlook that is better than analysts had expected.
Renault, Nissan, Mitsubishi ‘Fully Committed’ to Alliance Despite Ghosn Arrest
The boards of directors of Renault, Nissan, and Mitsubishi on Thursday said they were fully committed to maintaining their three-way alliance despite the detention of Chair Carlos Ghosn. How might the situation play out…