Stock Market News for August 01, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Fri Aug 01, 9:10AM CDT
Benchmarks suffered their biggest losses in months on Thursday, following a default by Argentina, and a spike in US labor costs
ConocoPhillips (COP) Crosses Pivot Point Support at $81.73
Comtex SmarTrend(R) - Fri Aug 01, 9:02AM CDT
Shares of ConocoPhillips (NYSE:COP) have bearishly opened below the pivot of $83.14 today and have reached the first support level of $81.73. Analysts will be watching for a cross of the next downside pivot targets of $80.95 and $78.76.
American Energy - Permian Basin, LLC Announces Naming Of Jeffrey L. Mobley As Chief Financial Officer
PR Newswire - Fri Aug 01, 6:00AM CDT
American Energy - Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), today announced it has named Jeffrey L. Mobley as the company's Chief Financial Officer. Mobley, 45, most recently served as Senior Vice President - Major Acquisitions for AELP. Previously he served as Senior Vice President - Investor Relations and Research for Chesapeake Energy Corporation and also worked in Equity Research for Raymond James & Associates and in Investment Banking for Prudential Securities and ABN AMRO. He began his career in the energy sector at Enron Capital & Trade Resources in the Producer Finance and Equity Investments groups. Mobley is a CFA Charterholder and holds a Masters of Business Administration degree from The Wharton School of Business and a Bachelor of Science degree in Agricultural Economics from New Mexico State University.
ConocoPhillips'
at Investor's Business Daily - Thu Jul 31, 5:53PM CDT
ConocoPhillips' (COP) Q2 EPS leapt 14% to $1.61, beating views by 1 cent. Oil and natgas output rose 3.3% to 1.56 mil barrels oil equivalent per day. The energy giant sees Q3 production falling on maintenance. Shares fell 2.5% to 82.50.
SmarTrend Watching for Potential Rebound in Shares of ConocoPhillips After 2.52% Loss
Comtex SmarTrend(R) - Thu Jul 31, 4:50PM CDT
ConocoPhillips (NYSE:COP) traded in a range yesterday that spanned from a low of $82.37 to a high of $84.56. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $84.11 on volume of 7.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Occidental Petroleum Beats Q2 Earnings and Revenue Estimates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 31, 4:20PM CDT
In second-quarter 2014, Occidental Petroleum Corporation's (OXY) earnings per share and revenues surpassed the Zacks Consensus Estimate.
Apache Eyes Overseas Exit As Jana Urges U.S. Focus
at Investor's Business Daily - Thu Jul 31, 1:58PM CDT
Apache (APA) decided to divest some international assets, and may unload more, after a large shareholder urged the oil and gas company to focus on U.S. shale plays. In an earnings release Thursday, Apache said that it intends to exit the Wheatstone...
Jobs, Manufacturing Hurt Stocks; 3D Systems, KapStone Slide
at Investor's Business Daily - Thu Jul 31, 9:28AM CDT
Stocks buckled early Thursday under a heavy load of disappointing economic news. The Nasdaq axed off 1.1%. The S&P 500 dumped 1% and the Dow Jones industrial average dropped 0.9%, as nearly a third of its components shed 1% or more. A wave of early...
Alphabet Soup: GDP, ECB, QE and Q2 - Ahead of Wall Street
Sheraz Mian - ZACKS - Thu Jul 31, 9:12AM CDT
Including this morning's releases from Exxon (XOM), ConocoPhillips (COP) and others, we now have Q2 results from 358 S&P 500 members.
ConocoPhillips Q2 Earnings Beat on Higher Prices and Volume - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 31, 8:16AM CDT
ConocoPhillips (COP) reported second-quarter 2014 adjusted earnings of $1.61 per share, surpassing the Zacks Consensus Estimate of $1.60 per share and increasing 14.2% from the year-earlier profit of $1.41.
ConocoPhillips 2Q profit rises 1.5 percent
AP - Thu Jul 31, 8:05AM CDT
HOUSTON (AP) — ConocoPhillips (COP) on Thursday reported net income that increased by 1.5 percent in its second quarter. The results beat analysts' expectations.
ConocoPhillips Reports Second-Quarter 2014 Results; Strong Operational Performance
Business Wire - Thu Jul 31, 6:01AM CDT
ConocoPhillips (NYSE:COP) today reported second-quarter 2014 earnings of $2.1 billion, or $1.67 per share, compared with second-quarter 2013 earnings of $2.1 billion, or $1.65 per share. Excluding special items, second-quarter 2014 adjusted earnings were $2.0 billion, or $1.61 per share, compared with second-quarter 2013 adjusted earnings of $1.8 billion, or $1.41 per share. Special items for the current quarter primarily related to additional income associated with pending claims and settlements, partially offset by leasehold impairments in the Canadian arctic.
Jim Cramer's 'Mad Money' Recap: Thinking 5 Steps Ahead and Being Wrong
at The Street - Wed Jul 30, 6:55PM CDT
There are five groups of investors fighting over the direction of the markets, making for a confusing jumble of cross-currents, Cramer says.
Will Microchip (MCHP) Surprise on Q1 Earnings Season? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 30, 5:10PM CDT
Microchip Technology, Inc (MCHP) is scheduled to report first-quarter fiscal 2015 results after the closing bell on Jul 31.
Is ConocoPhillips (COP) Poised to Beat Earnings Estimates? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 30, 3:25PM CDT
We expect ConocoPhillips (COP) to beat expectations when it reports second-quarter 2014 financial results before the opening bell on Jul 31, 2014.
Hess Corporation Q2 Earnings Beat on Higher Prices, Down Y/Y - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 30, 2:40PM CDT
Hess Corporation (HES) reported adjusted second-quarter 2014 earnings of $1.38 per share, breezing past the Zacks Consensus Estimate of $1.20.
Valero Tops As Volume Rises, Phillips 66 Misses
at Investor's Business Daily - Wed Jul 30, 11:47AM CDT
Valero Energy's (VLO) second quarter beat estimates as refining throughput volumes increased on discounted crude on the Gulf Coast. The refiner's Q2 earnings rose 27% to $1.22 per share, in line with an earlier announcement. Analysts polled by...
Early Glance: Oil companies
AP - Wed Jul 30, 9:42AM CDT
NEW YORK (AP) — Shares of some top oil companies are mixed at 10 a.m.:
Oando Energy Resources Completes Landmark Acquisition of ConocoPhillips Nigerian Oil and Gas Business for US$1.5 Billion
PR Newswire Europe - Wed Jul 30, 9:16AM CDT
CALGARY, Alberta, July 30, 2014 /PRNewswire/ --