Merck Takes Over as Dow’s Top-Performing Dow Stock
Drugmaker Merck wrestled away from Apple the top ranking last week as the best performing stock among the Dow 30.
All Work
Paul Ausick
Puma Biotech, General Electric Plummet into Friday’s 52-Week Low Club
General Electric, Encana Energy, Puma Biotechnology, and Kraft Heinz all posted new 52-week lows Friday.
Apple, Intel Tank the Dow Friday
Apple, Intel, Pfizer, and Merck were the worst performing Dow stocks on Friday.
US Oil Rig Count Drops by 1, Crude on Track to Lose More Than 6% for the Week
The U.S. land-based oil rig count dropped by one this week but is contributing nothing to the week's price decline for crude oil.
US Shoppers to Spend $124 Billion Online This Holiday Season
The holiday season is expected to see online sales grow by nearly 15% year over year. About one of every six dollars spent this year will be spent online.
Smartphone Shipments Fall 8% in Q3; Samsung Leads in Market Share as Huawei Surges
Global smartphone shipments dropped more than 8% year over year in the third quarter. One China-based maker is making big gains while perennial leaders are just hanging on.
Chevron Thrives on Higher Prices, More Production
Chevron beat the third-quarter consensus profit estimate but was light on revenue. Higher prices and increased volume
Exxon Mobil Easily Beats Estimates on Higher Prices, Production
Higher prices for crude oil and a modest increase in production added up to a solid third-quarter earnings beat for Exxon Mobil.
Apple’s Message: Think ‘Apple as a Service”
By Gene Munster and Will Thompson of Loup Ventures Apple reported its results for the Sept. 2018 quarter essentially in line with expectations and gave guidance for Dec. quarter revenue 2% below Street expectations.…
Encana, Hanesbrands Sink into Thursday’s 52-Week Low Club
Encana, Hanesbrands, Abbvie, and Annaly Capital Management all posted new 52-week lows Thursday.
Did Encana Pay Too Much for Newfield Exploration?
Calgary-based Encana has agreed to pay $5.5 billion in an all-stock deal for Texas-based Newfield Exploration and to assume $2.2 billion in Newfield debt. This could be a better deal than it looks like…
Ford F-Series Sales Drop 7%, Still Dominates Pickup Market
Sales of Ford's best-selling F-Series pickups dropped more than 7% in October, but monthly sales remained above 70,000 for the eighth consecutive month.
Natural Gas Price Loses Gains Following Inventory Report
The U.S. natural gas stockpile rose slightly less than expected last week, but the effect on prices was still negative likely due to a more moderate weather forecast for the next week.
Jeep, Ram Lift FCA’s October Sales 16%
Jeep and Ram got help in October from both the Dodge and Chrysler brands and pushed Fiat Chrysler's sales up 16% year over year.
Ford Sales Drop 4% in October Leading to Inventory Boost
Ford's October sales were propped up by an increase of nearly 8% in SUV sales. The company reported overall record transaction pricing for the month as well.
Walmart Kicks Off First Pre-Black Friday Deals
Walmart launched a pre-Black Friday promotion Thursday with its "Dash Through the Deals" sale that is likely to continue right up until Black Friday. Nearly 1,900 items are available and more will be added…
DowDuPont’s So-So Earnings Get Boost From $3 Billion Buyback
Industrial giant DowDuPont reported third-quarter earnings Thursday that beat the profit estimate and came close on the revenue target. A new $3 billion share buyback program was what investors liked best.
October Job Cut Total Is Highest Since July 2015
On company accounted for more than half of 75,000 job cuts announced in October according to the latest report from outplacement firm Challenger, Gray & Christmas.
Visa, Caterpillar Pace the Dow Higher Wednesday
Visa, Goldman Sachs, Microsoft, and Caterpillar were among the Dow stocks posting large gains on Wednesday.
IBM, General Electric Drop into Wednesday’s 52-Week Low Club
IBM, General Electric, McDermott International, and Clovis Oncology all posted new 52-week lows Wednesday.