July Consumer Sentiment Slips but Still Robust
The final July reading from the University of Michigan's consumer sentiment survey is down slightly from the June reading, but over the past 12 months, sentiment remains strong.
All Work
Paul Ausick
Higher Prices, More Production, Share Buyback Don’t Add Up for Chevron
Chevron badly missed both profit and revenue estimates Friday morning even though both were higher year over year. A $3 billion share buyback didn't boost investor sentiment much either.
Exxon Mobil Pours Money Into Capex, Refining Profits Sag
Exxon Mobil reported preliminary second-quarter results that missed profit estimates but beat revenue expectations largely due to higher oil prices.
Oil Patch Briefs: BP Buying, Chesapeake Selling
Two major energy patch transactions were announced Friday morning. BP paid $10.5 billion for shale assets in Texas and Louisiana while Chesapeake sold assets in Ohio for around $2 billion.
Intel Earnings Miss a Key Estimate
Intel exceeded most expectations for second-quarter performance but missed on a key growth metric in its cloud business. Investors were not amused.
Ford, NXP Semiconductor Plummet into Thursday’s 52-Week Low Club
Ford, Barrick Gold, NXP Semiconductors, and Nielsen Holdings all posted new 52-week lows Thursday.
Disney, Travelers Send the Dow Higher Thursday
Travelers, Disney, 3M, and Caterpillar pushed the Dow higher Thursday.
Venezuela to Drop 5 Zeros From Currency, Back It With Crypto Token
Venezuelan President Nicolas Maduro on Wednesday said that a new currency will next month replace the wildly inflated bolívar. But what does that mean?
Intel Earnings Preview: Will It Walk the Talk?
When Intel announced last month that CEO Brian Krzanich was leaving the company, the chip maker also offered second-quarter guidance that was above then-consensus estimates. After the bell Thursday, Intel gets a chance to…
Natural Gas Price Turns Higher on Small Storage Increase
The U.S. natural gas stockpile added 24 billion cubic feet last week, well short of estimates. The Energy Information Agency is predicting that this year's injection season will come up about 10% below the…
Facebook Earnings: Resetting Growth Profile
Loup Ventures analyst Gene Munster evaluates Facebook's second-quarter earnings report and suggests that analysts are going to be resetting their expectations to match those of the company.
Walmart Launches Nursery Website to Fill Hole Left by Toys ‘R’ Us Closure
Walmart on Thursday launched a specialized section of its website dedicated to items new parents might need to furnish and stock a nursery. The company has also added new features in the baby department…
Airbus Irons Out Some Engine Problems, Getting Deliveries Back on Track
Airbus has gotten back on track with shipments of its single-aisle A320neo and expects to have worked through a backlog of around 80 planes by the end of September. Shares hit an all-time high…
Why Visa Earnings Are Not Impressing Investors
Credit card giant Visa reported fiscal third-quarter results last night that beat estimates on both the top and bottom lines. Investors are not pleased, however, with a large provision the company set aside a…
Why Ford Earnings Sent Investors to the Exits
Ford topped revenue estimates for the quarter, but profits fell short and the company lowered its EPS guidance. Investors had been inching toward the exits all day, and the results finally drove them out.
Qualcomm Earnings Overshadowed by Massive Share Buyback
Qualcomm reported third fiscal quarter earnings that surpassed expectations, but the end of its deal to acquire NXP is what really put a smile on investors' faces.
Ford, AT&T Plunge into Wednesday’s 52-Week Low Club
AT&T, Ford, JetBlue, and New York Community Bancorp all posted new 52-week lows Wednesday.
Microsoft, Nike Lift the Dow Wednesday
Microsoft and Nike were the big gainers Wednesday among the Dow 30 stocks while Boeing and Verizon were the losers. Boeing staged a sharp comeback in the last half hour of trading, however.
The Party Goes On! iRobot Continues to Prove Market Dominance
The domestic robot market is one of the fastest growing robotic categories and iRobot is a clear leader.
What Happened to Fiat Chrysler in Q2?
Fiat Chrysler announced this morning that long-time CEO Sergio Marchionne had died and then posted second-quarter results that were well below expectations. The automaker also cut revenue and profit guidance.