Exxon Revenue Decline Not Preventing New Stock Highs
Exxon Mobil reported first-quarter 2014 results before markets opened Thursday morning. Revenues declined more than expected, but shares are poised to hit a new 52-week high.
All Work
Paul Ausick
ConocoPhillips Tops High Bar
ConocoPhillips reported better-than-expected first-quarter 2014 results before markets opened Thursday morning. "We are off to a great start in 2014," the CEO said in the report.
Can Boeing Deliver Six New Planes in Six Years?
Boeing now has in the works six new aircraft models in three different families, and all are planned to be in the air by 2020. Given its history with the 787 Dreamliner, we may…
Yelp Raises Guidance, Gets a Scare
Yelp Inc. (NYSE: YELP) reported first quarter 2014 results after the markets closed Wednesday. The local business guide company posted a diluted earnings per share (EPS) loss of $0.04 on revenues of $76.4 million.…
The 4 Stocks That Helped Float the Market Higher
thinkstockApril 30, 2014: Markets opened lower on Wednesday but perked up following the FOMC’s mid-afternoon announcement that it would continue to cut its asset buying even though the first reading on Q1 GDP showed…
Get Ready for Even Higher Milk and Beef Prices
ThinkstockThe U.S. Department of Agriculture (USDA) released its preliminary report on April farm prices Wednesday afternoon. The all-products price index rose by 4 points month-over-month (4.3%) to 115, with the crop index up 4.3%…
What Exelon Gets With Pepco
ThinkstockThe $6.8 billion acquisition of Pepco Holdings Inc. (NYSE: POM) by Exelon Corp. (NYSE: EXC) announced this morning creates a utility company with some 10 million customers in the region around the District of…
GM Recalls Not Affecting Shoppers
courtesy of General MotorsJust 5% of new car shoppers in a recent survey said that they would not consider buying a General Motors Co. (NYSE: GM) car as a result of the massive recalls…
Exxon, Chevron, Conoco: What to Expect From Earnings
The top two public oil and gas companies in the world, according to Platts Top 250 rankings from last October, are Exxon Mobil and Chevron. They and ConocoPhillips report first-quarter earnings this week.
Refineries Boost Production as Summer Driving Season Nears
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial crude inventory to 399.4…
The Garmin Turnaround Surprise Keeps Going
Garmin reported better-than-expected first-quarter 2014 results before markets opened Wednesday morning. Garmin reiterated that it plans to increase in its yearly dividend at its annual meeting.
S&P Downgrades Gaggle of European Banks
ThinkstockSaying that a recent decision by the European Parliament calls into question government support of European banks, Standard & Poor’s on Tuesday cut its outlook on 15 of the continent’s banks from “stable” to…
Phillips 66 Asset Sale, Exports Drive Profit
Oil refiner Phillips 66 reported lower first-quarter 2014 earnings before markets opened Wednesday morning. And the company is also expanding its capability for exporting refined products.
Mortgage Rates Shuffle Lower, but Refinancing at Five-Year Low
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 5.9% in the group’s seasonally adjusted composite index. That followed a drop of 3.3% for the…
eBay Tax Bill, Outlook Stymie Shares
courtesy of ebayeBay Inc. (NASDAQ: EBAY) reported first quarter 2014 results after the markets closed Tuesday. The e-commerce giant posted adjusted diluted earnings per share (EPS) of $0.70 on revenues of $4.3 billion. In…
Twitter Earnings Crushes Shares
courtesy of TwitterTwitter Inc. (NYSE: TWTR) reported first quarter 2014 results after the markets closed Tuesday. The social messaging company posted adjusted diluted earnings per share (EPS) of $0.00 on revenues of $250 million.…
The 4 Stocks That Kept Markets Higher
thinkstockApril 29, 2014: Markets opened higher on Tuesday getting a boost from energy and biotech stocks right at the start of trading. Economic data was both sparse and not supportive, with the Case-Shiller house…
Home Foreclosures Rose in March
ThinkstockIn the month of March, 48,000 U.S. home foreclosures were completed, up 5.9% month over month but down 10% from 53,000 in March 2013, according to research firm CoreLogic (NYSE: CLGX). While an improvement,…
FOMC Meeting Preview: Are Any Big Moves on Tap?
ThinkstockThe two-day Federal Open Market Committee (FOMC) meeting began Tuesday and will culminate Wednesday afternoon with an announcement from Federal Reserve Chair Janet Yellen that is virtually guaranteed to be less exciting than the…
Tesla Back Over $200
After a brief trip south of $200 a share, Tesla Motors stock has moved solidly above that level again Tuesday as markets continue to recover from last week's losses.