You are currently browsing the archives for the Earnings category.
21. June 2011 by Jim Sutliff.
Stocks moved higher on Tuesday with investors showing confidence that Greece will support their Prime Minister. The Dow topped 12,200 for part of the trading day but still finished up over 100 points. Also, the Dollar fell against major currencies like the Yen, Euro, and Pound.
To read a related CNN Money article, please click here:
http://money.cnn.com/2011/06/21/markets/markets_newyork/index.htm?iid=HP_LN
Jim Sutliff
Posted in Stocks, Trading, Earnings, Investments, General, Currency, Economic News, Banking | No Comments »
17. June 2011 by Jim Sutliff.
The Dow Jones Industrial Average rose almost fifty points and finished slightly above 12,000. This was the first weekly gain for the Dow after having six losing weeks. Investors were optimistic that Greece would receive a bailout and that sent the Dow higher in early trading.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Stocks, Trading, Earnings, Political News, Investments, Economic News, General, Banking | No Comments »
1. May 2011 by Jim Sutliff.
Exxon Mobil reported earnings on Thursday that indicated a very strong first quarter. Exxon earnings beat analyst expectations and were $2.14 per share. Exxon quarterly profit was almost $11 billion which is up from the $6.3 billion the company posted for the first quarter last year. Trading activity was high for Exxon Mobil (XOM) at the end of last week.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/oil-shares-shrug-off-criticism-as-profits-swell-2011-04-29
Jim Sutliff
Posted in Stocks, Trading, Earnings, Options & Futures, Oil, General, Investments, Gasoline | No Comments »
28. April 2011 by Jim Sutliff.
IBM announced that it is increasing their stock buyback plan by $8 billion dollars. This increases the total stock buyback program to $12.7 billion with additional increases likely to be approved in October. IBM also raised their quarterly dividend to 75 cents which is an increase of 15%. IBM went up to $168.70 a share after the announcements.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/04/26/us-ibm-idUSTRE73P41N20110426
James Sutliff
Posted in Trading, Earnings, Stocks, Options & Futures, General, Investments, Banking | No Comments »
19. April 2011 by Jim Sutliff.
IBM released their corporate earnings after the close of the market and the numbers beat analysts expectations. The first quarter operating profit and revenue both exceeded estimates and sales increased by 7.7%. IBM also increased their forecast for operating profits.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Trading, Earnings, Stocks, Investments, General, Banking | No Comments »
14. April 2011 by Jim Sutliff.
The Dow Jones Industrial Average finished slightly higher on the day because of corporate earnings reports. High expectations for earnings reports helped to reverse an earlier downward trend for the Dow. The market moving earnings reports will be announced after the closing bell.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Earnings, Trading, Stocks, Investments, General | No Comments »
19. December 2008 by Jim Sutliff.
Valero has cut refinery activity due to fog slowing their shipments of crude. The plant processes 325,000 barrels a day and may have to halt production for a longer time period if shipment delays continue. Crude oil has fallen to almost $35 dollars and some analysts have predicted an additional $10 dollar decline. Sustained low prices are not likely once the production cuts from OPEC will start to have an effect.
To view a related article, please click here:
http://www.bloomberg.com/apps/news?pid=20601072&sid=aYdDDpR8Sq9o&refer=energy
Jim Sutliff
Posted in Earnings, OPEC, Oil, Investments, General, Gasoline | No Comments »