Shares of ExxonMobil (XOM) traded up as much as 1.5% this morning after the oil giant beat earnings forecasts. They’ve been coming in ever since.
Exxon reported a profit of 95 cents a share, beating forecasts for 88 cents, on sales of $63.3 billion, missing forecasts for $66.4 billion.
In a note released before the open this morning, Wells Fargo’s called the result “neutral” for the stock. He explains why:
Versus our expectations, XOM beat on better downstream performance, as chemicals fell short of expectations and upstream net income was in line with our estimates. Capex was meaningfully below expectations and run rate for FY2017 guidance. Cash flow from operations was slightly below our expectations, but net cash flow after capex and dividends exceeded $2.0 billion.
stock trading software: HD Supply Holdings, Inc.(HDS)
- [By WWW.THESTREET.COM]
Next, on Tuesday, Cramer’s eyes will be on HD Supply (HDS) , the little-known construction supplier with 500,000 customers. This is one investors need to know about, Cramer said.
- [By Chris Lange]
HD Supply Holdings Inc. (NASDAQ: HDS) saw a few analysts bolster its position with upgrades after the firm beat expectations in its most recent earnings report. The price target raises included: Raymond James to $42 from $40, RBC to $45 from $40, SunTrust Robinson Humphreyto $42 from $35 and Wells Fargo to $45 from $42.
- [By Trey Thoelcke]
HD Supply Holdings Inc.s (NASDAQ: HDS) latest quarterly earnings report is expected before Wednesday’s open. The consensus estimates call for a profit of $0.64 in per share and $1.35 billion in revenue. Shares closed trading most recently at $33.02, in a 52-week range of $28.97to $44.73. The consensus price target is $39.00.
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
stock trading software: Popular, Inc.(BPOP)
- [By Peter Graham]
Founded in 1893, mid cap Popular Inc (NASDAQ: BPOP) is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets. Popular provides retail, mortgage and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey and Florida under the name of Popular Community Bank.
- [By Ben Levisohn]
We believe investors should continue to own three types of bank stocks: “Return of Capital (RC) Stocks”, “Risk On (RO) Stocks”, and “Multiple Revaluation (MR) Stocks.” RC stocks include M&T Bank (MTB), PNC Financial Services Group (PNC), and SunTrust Banks (STI); RO stocks include Bank of America, Popular (BPOP), Citigroup, JPMorgan, and KeyCorp (KEY); and MR stocks include BB&T (BBT) and PNC Financial Services Group (PNC).
stock trading software: Allegheny Technologies Incorporated(ATI)
- [By Dan Caplinger]
The stock market performed well on Tuesday, responding to steady improvement among many companies as earnings season kicked into high gear. Although political issues are likely to remain in the spotlight for some investors for the foreseeable future, many market participants are looking to economic and business issues in driving their investing decisions. Major market benchmarks finished the day with gains of 0.5% to 1%, but some stocks did much better. Among the best performers on the day were Allegheny Technologies (NYSE:ATI), II-VI (NASDAQ:IIVI), and Beazer Homes (NYSE:BZH). Below, we’ll look more closely at these stocks to tell you why they did so well.
- [By Lisa Levin]
Tuesday morning, the basic materials shares climbed by 0.95 percent. Meanwhile, top gainers in the sector included Allegheny Technologies Incorporated (NYSE: ATI), up 5 percent, and Mechel PAO (ADR) (NYSE: MTL), up 5 percent.
stock trading software: Facebook, Inc.(FB)
- [By Adam Levy]
Facebook (NASDAQ:FB) doesn’t disclose how much revenue Instagram generates, but if the numbers it does provide are any indication, it’s a lot. Most recently, the company announced it surpassed 1 million active advertisers. That’s up from 500,000 just six months ago and 200,000 around this time last year.
- [By Craig Jones]
Jim Strugger of MKM Holdings, spoke on Bloomberg Markets about his options trades in Facebook Inc(NASDAQ: FB) and Twitter Inc (NYSE: TWTR).
Both companies are going to report earnings this week and Strugger wants to use options to set up a position going into earnings. He wants to buy the October 170/185 calls spread for $4 in Facebook. The trade breaks even at $174 and it can maximally make a profit of $11.
- [By Michael A. Robinson]
Tech Wealth Gem No. 1
The iShares North American Tech ETF (NYSE Arca: IGM) covers the big leaders in tech. Apple Inc. (Nasdaq: AAPL), Microsoft Corp. (Nasdaq: MSFT), Amazon.com Inc. (Nasdaq: AMZN), and Facebook Inc. (Nasdaq: FB) anchor this fund, making up 30% of its portfolio. IGM has a great track record. It rose 16.6% in 2016, and over the past five years it has clocked 17.4% yearly gains. Plus, it’s up 8.3% since I brought it to you back on Jan. 6. IGM trades at roughly $136.50, with a 0.48% expense ratio.
- [By Sreekanth Anasa]
In its latest research report, eMarketer states that the search giant will maintain its dominance in digital ads taking in40.7% of US digital ad revenues in 2017more than double of what Facebook (NASDAQ:FB) would make. TheeMarketer research “expects Googles share of the search market to grow 16.1% to $28.55 billion in 2017. The search giant will claim roughly 78% of total US search ad revenues this year”.eMarketer forecasting analyst Monica Peart states that Google is set to benefit greatly from users’ behavioral shift to mobile search on increasing usage of smartphones. An important point to note here is that the ongoing ad fiasco is largely related toGoogle’s Display Network, where Google lags Facebook by some distance, but in that too eMarketer projectsDisplay Network revenue will rise to $5.24 billion in 2017. The above-cited research had just come recently before the YouTube ad exodus. However, as highlighted by the Morgan Stanley analyst above, the impact on the Google’s bottom line due to current ad woes could be minimal and the above estimates may not vary in a drastic way.
- [By Evan Niu, CFA]
Unsurprisingly, Apple has already assembled a team of experienced hardware and software engineers, while also tapping “talented outsiders,” according to the report. The team includes engineers who have worked on Facebook’s (NASDAQ:FB) Oculus Rift and Microsoft’s HoloLens. Some special effects artists from the movie industry are supposedly even in the mix. The company has also made a handful of AR-related acquisitions to accelerate its efforts, such as the 2015 purchase of AR start-up Metaio or the 2016 acquisition of spatial perception start-up Flyby, among others.
- [By Kumar Abhishek]
It has been a very good year for Facebook Inc (NASDAQ:FB) stock investors. The shares of eCommerce giant have delivered over 55% return this year, outperforming widely outperforming the Nasdaq Composite. Not only that, Facebook stock is also one of the best performersin the so-called’FAANG’ grouping comprising of tech giants like Apple, Amazon, Netflix and Microsoft. Only Netflix stock has performed better, that too by a slight margin.
stock trading software: MDU Resources Group, Inc.(MDU)
- [By Lisa Levin]
In trading on Monday, utilities shares fell by 1.08 percent. Meanwhile, top losers in the sector included South Jersey Industries Inc (NYSE: SJI), down 4 percent, and MDU Resources Group Inc (NYSE: MDU), down 4 percent.