Intel, Apple, Microsoft Buoy DJIA Friday
Intel, Microsoft, Apple, and UnitedHealth kept the DJIA on an upward track Friday.
All Work
Paul Ausick
US Oil Rig Count Drops by 1,Total Rigs Down by 4
The Baker Hughes rig count for this week showed a gain of one oil rig and the loss of five natural gas rigs. Crude prices have pulled back a little from their intra-day highs.
2017 Data Breaches Continue Rising
Nearly 172 million user records have been compromised so far in 2017 as a result of some 1,120 data breaches according to the Identity Theft Resource Center.
iPhone X Preorders Explode, Shipments Push Into December
Within two hours of beginning to take orders for the new iPhone X, Apple was quoting delivery times of five to six weeks. That is a positive signal for demand according to one long-time…
Volkswagen Profit Drops 48% on Dieselgate Charges
Volkswagen reported solid revenue growth for the third quarter, but a €2.65 billion charge related to settling the firm's Dieselgate scandal in the United States cut profits in half.
Chevron Earnings Dip on Lower US Production
Chevron reported mixed third-quarter 2017 results before markets opened Friday and said U.S. production of natural gas was down as prices dipped.
Exxon Mobil Earnings Jump on Higher Crude Prices, Refining Margins
Exxon Mobil reported better-than-expected revenues and profits Friday morning, but investors were looking for more.
JC Penney Slashes Q3 Outlook
J.C. Penney announced Friday morning that it is cutting its full-year by 88% to 95% as it clears its apparel inventory, primarily in women's clothes.
Microsoft Earnings Reflect Wide Range of Revenue Hikes
Microsoft beat both earnings and profit estimates in its first fiscal year 2018 quarter. Intelligent cloud revenue rose 13%.
First Solar Earnings Boosted by Project Sales
First Solar posted a solid third-quarter revenue and earnings beat on the sale of two solar projects during the quarter.
Celgene, General Electric Flop into Thursday’s 52-Week Low Club
General Electric, Celgene, Chesapeake Energy, and Southwestern Energy all posted new 52-week lows Thursday.
Nike, DowDuPont Lead DJIA Higher Thursday
Nike, DowDuPont, American Express, and Disney were among the leaders pushing the DJIA higher Thursday.
US to Offer 77 Million Acres in Gulf Oil and Gas Leases
Congress has approved a 2018 budget bill that includes a provision to open the Arctic National Wildlife Refuge to oil and gas exploration.
Holiday Shopping Online to Top In-Store: Deloitte
For the first time ever, holiday shoppers are expected to spend more online than in brick-and-mortar stores. The 2017 holiday season is shaping up as a win for retailers who can tap the online…
Pending Home Sales Flat in September, Remain at Near 3-Year Low
The National Association of Realtors pending home sales index was unchanged in September as sales continue to languish due to higher prices and lower inventory.
Natural Gas Price Steady After Storage Increases
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased by 64 billion cubic feet for the week ending October 20.
UPS Earnings Matter Less Than Holiday Volume, Higher Rates
UPS reported in-line earnings and revenues Thursday morning, but the share price is reacting to a rate increase announced yesterday and an expected increase in holiday package deliveries.
What Matters Most to American Airlines Investors: Earnings or Its Corporate Culture?
American Airlines reported a better-than-expected third-quarter profit this morning while meeting revenue expectations. But the airline still has a problem.
What Makes Ford Earnings Look So Good?
Ford beat profit and revenue estimates when it reported third-quarter results Thursday morning. Sales improved in North America, particularly for trucks, but a low effective tax rate really helped.
AT&T, General Electric Stuck in Wednesday’s 52-Week Low Club
General Electric, AT&T, Nabors Industries, and Chesapeake Energy all posted new 52-week lows Wednesday.