Stock Market News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), XOM: 89.39 (-2.41), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CVX: 101.90 (-2.54), BRK.B: 139.71 (-6.27)
Brexit specter rocks global financial markets
By YOUKYUNG LEE - AP - Thu Jun 23, 11:34PM CDT
SEOUL, South Korea (AP) — Global financial markets dived on Friday as media reports forecast that British voters had opted to leave the European Union, shocking investors and triggering jitters across the globe.
VLO: 52.56 (-1.15), C: 40.30 (-4.16), M: 32.08 (-1.30), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), CVX: 101.90 (-2.54), MS: 24.52 (-2.77)
Asian stocks rise amid hopes Britain will stay in EU
By JOE McDONALD - AP - Mon Jun 20, 9:59PM CDT
BEIJING (AP) — Asian stocks edged higher Tuesday on optimism Britain will vote to stay in the European Union but gains slowed as investors awaited an economic report by the head of the U.S. Federal Reserve.
FDX: 150.57 (-7.32), GE: 29.82 (-1.37), HON: 112.98 (-4.34), DIS: 95.72 (-3.30), WMT: 71.96 (-0.14), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), BA: 126.52 (-7.03), NTRS: 65.50 (-6.04), JPM: 59.60 (-4.45), EBAY: 23.13 (-1.72), MRO: 14.59 (-0.68), CVX: 101.90 (-2.54)
Watch for Chevron to Potentially Pullback After Gaining 1.29% Yesterday
Comtex SmarTrend(R) - Mon Jun 20, 12:46PM CDT
Chevron (NYSE:CVX) traded in a range yesterday that spanned from a low of $102.64 to a high of $103.40. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $101.74 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
CVX: 101.90 (-2.54)
SmarTrend Watching for Potential Pullback in Shares of Chevron After 1.29% Gain
Comtex SmarTrend(R) - Mon Jun 20, 12:44PM CDT
Chevron (NYSE:CVX) traded in a range yesterday that spanned from a low of $102.64 to a high of $103.40. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $101.74 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
CVX: 101.90 (-2.54)
Chevron, Shell to Divest Refineries to Retain Profitability
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:03AM CDT
Chevron Corporation (CVX) is contemplating the sale of its refinery and gasoline stations in Burnaby, British Columbia, while integrated energy major, Royal Dutch Shell plc (RDS.A) is seeking buyers for its refinery in Martinez, CA.
BAK: 11.39 (-0.63), RDS.A: 51.62 (-3.55), PBFX: 22.31 (-0.14), CVX: 101.90 (-2.54)
Oil Slips as Brexit & Fed Fears Outweigh Small Stock Draw
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 16, 11:08PM CDT
WTI futures fell yesterday as the market's nervousness over Brexit and Fed rate decision more than offset the modest inventory decline.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
A Bullish Case for Oil with No Production Growth in Sight
Adam Arif - Zacks Investment Research - Wed Jun 15, 5:23PM CDT
Depleting supplies and a record demand of oil products are likely to act cohesively and systematically bring balance to the market.
PBR: 6.74 (-0.47), RDS.A: 51.62 (-3.55), CHK: 4.37 (-0.27), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), CVX: 101.90 (-2.54)
Is Chevron (CVX) Stock a Solid Choice Right Now?
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 7:40AM CDT
Chevron (CVX) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
CVX: 101.90 (-2.54)
Chevron Signs Lauren Fix as New Brand Champion of Techron Bottled Fuel Additives
BusinessWire - Mon Jun 13, 11:29AM CDT
Chevron announced today the signing of Lauren Fix, The Car Coach(R), as the new brand champion of Techron(R) bottled fuel additives. She will be featured as part of its upcoming brand marketing campaign. The campaign focuses on the benefits that Techron Complete Fuel System Cleaner and Techron Fuel Injector Cleaner can bring to all kinds of gasoline engines, helping to restore lost power and performance, maximize fuel economy and minimize emissions.
CVX: 101.90 (-2.54)
Militants claim blast of another Nigeria oil pipeline
AP - Fri Jun 10, 6:43AM CDT
WARRI, Nigeria (AP) — Nigerian militants say they have blown up another crude pipeline owned by Italian oil company Agip.
CVX: 101.90 (-2.54)
CB&I's 10 Top-Valued Projects Fueled by Major LNG Projects on Four Continents, an Industrial Info News Alert
Marketwired - Fri Jun 10, 6:30AM CDT
SUGAR LAND, TX--(Marketwired - Jun 10, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- CB&I Incorporated (NYSE:CBI) (The Hague, Netherlands), also known as Chicago Bridge & Iron Company, is maintaining a healthy slate of projects, despite a slowing business environment due to the consistent weakness in commodity prices. According to Industrial Info's project database, CB&I is involved in more than 140 projects, with a total investment value (TIV) of $175.6 billion. More than half of the TIV is attributed to the 10 highest-valued projects, all of which involve construction and additions at liquefied natural gas (LNG) facilities.
CBI: 34.13 (-2.75), SRE: 110.34 (-0.74), CVX: 101.90 (-2.54), APC: 52.83 (-2.69)