Arconic Earnings Clobbered by Slashed Guidance
Aluminum products maker Arconix beat estimates for earnings and revenues, but slashed full-year guidance to levels well below previous estimates. Investors and analysts hate that sort of thing.
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Paul Ausick
Marathon, Andeavor to Merge, Create Largest US Oil Refiner
Marathon Petroleum and Andeavor have agreed to merger in a deal that will create the largest oil refining firm in the United States with more than 3 million barrels a day of refining capacity.
Walmart Sheds UK’s Asda, Looks to India for Growth
Walmart has agreed to sell a majority stake in its U.K.-based Asda grocery store chain to Britain's Sainsbury. The U.S. company is focused on investing in an Indian company that promises more growth.
IPO News This Week: 8 Offerings on Tap in Another Busy Week
After a week that saw 5 successful IPOs, we'll see another 8 firms taking their shots at entering the capital markets in the coming week. The 8 companies are seeking more than $700 million…
A Couple of Items Boeing Didn’t Talk About Last Week
Boeing reported better-than-expected results for Q1, but the company avoided discussing a couple of not-so-pleasant issues.
Cisco Systems Remains Top-Performing Dow Stock in 2018
With the tech sector propping up equity markets, networking giant Cisco is the best performing tech stock among the Dow 30 for a second week in a row.
Procter & Gamble Settling In as Worst-Performing Dow Stock of 2018
Consumer products giant Procter & Gamble remains the worst performing Dow stock of the year to date and, unless it can come up with some way to turn around sales, it could be there…
10 Cities Where Bidding Wars for Homes Are Heating Up
Bidding wars for homes in some cities have been common for decades. Now these wars are spreading to smaller cities, increasing the difficulty some buyers face in finding the home they want and can…
Comcast, Charter Communications Land in Friday’s 52-Week Low Club
Comcast, Charter Communications, Cemex, and Flex all posted new 52-week lows on Friday.
Exxon, Caterpillar Weigh on the Dow Friday
Verizon and Nike traded higher Friday but could outweigh a down trend in the Dow led by Exxon and Caterpillar.
US Oil Rig Count Adds 5; Crude Price Up Slightly
The Baker Hughes land-based rig count total rose by eight this week. Five new rigs are out there looking for oil and three are searching for more natural gas.
Boeing KC-46A Tanker Deliveries May Be Delayed Until May 2019
Boeing's new U.S. Air Force tanker, the KC-46A, has completed tests required for FAA certification. Now it has to work on getting deliveries to the Air Force ASAP.
April Consumer Sentiment Weighs Tax Cuts vs Tariffs
The final April consumer sentiment index reading from the University of Michigan was down more than 2% month over month but remains up 1.9% year over year.
Who IBM Is Laying Off and What They Have to Say About It
Although there has been no official announcement, IBM continues to lay off employees, many of whom have been with Big Blue for 10 years or more.
How Higher Prices and Production Lifted Chevron Earnings
Chevron reported earnings that crushed the consensus estimate, but revenues fell short of expectations. Higher prices and rising production worked their magic for the company.
Why Exxon Mobil Earnings Failed to Meet Expectations
Exxon Mobil's first-quarter results did not meet consensus expectations when the company reported results Friday morning. Higher oil prices were not enough to offset production declines.
Airbus Earnings Stalled by Lack of A320 Engines
Airbus reported first-quarter results Friday morning and there were no big surprises. The company's well-publicized problems with the new engines on its best-selling A320 sharply curtailed deliveries to customers.
Could Microsoft Earnings Have Been Better?
Microsoft reported results that beat both top- and bottom-line estimates and posted solid growth in each of its businesses. Investors did not exactly jump for joy.
Why Starbucks Earnings Failed to Please Investors
Starbucks beat estimates for both earnings and revenues, but same-store sales did not live up to analyst expectations in China.
AT&T, American Airlines Plunge into Thursday’s 52-Week Low Club
AT&T, American Airlines, Cemex, and HRG Group all posted new 52-week lows Thursday.