Stock Market News for August 02, 2016
Zacks Equity Research - Zacks Investment Research - Tue Aug 02, 9:10AM CDT
Benchmarks ended mostly lower on Monday as energy stocks slumped, thanks to crude oil returning to bear market territory
XOM: 85.83 (-0.03), GOOGL: 796.84 (-4.10), CVX: 98.18 (-0.93), AAPL: 104.41 (-1.64)
ExxonMobil Supports Development of Emerging Technologies at University of Texas at Austin Energy Institute
BusinessWire - Tue Aug 02, 8:05AM CDT
--To take advantage of capabilities in renewable energy, battery technologies and power grid modeling
XOM: 85.83 (-0.03)
Ethylene Propylene Diene Monomer (EPDM) Market - Favorable Developments in Automotive and Construction Industries to Boost Demand for EPDM in Emerging Economies; Global Industry Analysis 2016 - 2024
PR Newswire Europe - Tue Aug 02, 4:31AM CDT
ALBANY, New York, August 2, 2016 /PRNewswire/ --
XOM: 85.83 (-0.03), DOW: 52.72 (-0.93)
Oil Prices Plummet on Continued Supply Glut
Ryan McQueeney - Zacks Investment Research - Mon Aug 01, 1:01PM CDT
Oil futures declined over 15% in July, and prices continued to fall even further to begin the new month today.
USO: 9.27 (-0.14), XOP: 32.41 (-0.35), UWTI: 15.89 (-0.79), XOM: 85.83 (-0.03)
Peek into Aug 2 Oil Exploration Q2 Earnings: DVN, CXO & More
Nilanjan Choudhury - Zacks Investment Research - Mon Aug 01, 6:40AM CDT
Let's see what's in store for five oil explorers DVN, CXO, AR, CIE and XCO that are reporting on Aug 2.
CXO: 118.63 (+0.54), DVN: 35.30 (-0.61), AR: 25.75 (-0.10), RDS.A: 49.19 (-0.39), XCO: 1.28 (-0.08), XOM: 85.83 (-0.03), CIE: 0.99 (-0.37)
ExxonMobil's 10 Top-Valued Projects Chained to Sinking Prices of Commodities, LNG, an Industrial Info News Alert
Marketwired - Mon Aug 01, 6:10AM CDT
SUGAR LAND, TX--(Marketwired - Aug 1, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas)--Friday morning witnessed an easily overlooked milestone in the recent economic recovery: Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) was surpassed in market value by Facebook (NASDAQ:FB) (Menlo Park, California) and Amazon.com (NASDAQ:AMZN) (Seattle, Washington), making it the last oil & gas company to leave the world's five most valuable companies, which are now inhabited entirely by tech firms. ExxonMobil may yet rebound, but investors have known for a long time that two major factors have been weighing it down: the oversupply of liquefied natural gas (LNG) in the global market, and persistently low commodity prices. Industrial Info is tracking about $140 billion in active projects involving ExxonMobil on five continents, more than 95% of which are in three industries: Oil & Gas Production, Oil & Gas Pipelines and Chemical Processing.
AMZN: 759.60 (-8.14), FB: 122.72 (-1.59), XOM: 85.83 (-0.03)
Is Exxon Mobil Stock Still A Buy After Q2 Earnings Miss?
Jack Foley - Amigobulls - Mon Aug 01, 4:49AM CDT
Exxon Mobil second quarter earnings miss was a result of weak commodity prices and weaker refining margins.
XOM: 85.83 (-0.03)
Watch for Exxon Mobil to Potentially Rebound After Falling 2.12% Yesterday
Comtex SmarTrend(R) - Fri Jul 29, 11:47AM CDT
Exxon Mobil (NYSE:XOM) traded in a range yesterday that spanned from a low of $86.12 to a high of $88.61. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $89.61 on volume of 12.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
XOM: 85.83 (-0.03)
Exxon Mobil Falls 2.12% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Fri Jul 29, 11:46AM CDT
Exxon Mobil (NYSE:XOM) traded in a range yesterday that spanned from a low of $86.12 to a high of $88.61. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $89.61 on volume of 12.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
XOM: 85.83 (-0.03)
Oil Stock Earnings Reports: Chevron (CVX) VS. Exxon Mobil (XOM)
Adam Clark - Zacks Investment Research - Fri Jul 29, 11:13AM CDT
Two of the world's largest oil companies in Chevron Corp. (CVX) and Exxon Mobil (XOM) released their second quarter financial results before the bell Friday, and their results clearly showed the two companies are feeling the effects of a low oil price environment.
XOM: 85.83 (-0.03), CVX: 98.18 (-0.93)
Chevron (CVX) Overcomes Low Oil Prices to Q2 Earnings Beat
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 10:49AM CDT
Despite continued commodity price rout, energy major Chevron (CVX) posted strong Q2 earnings on cost control.
RDS.A: 49.19 (-0.39), XOM: 85.83 (-0.03), BP: 33.18 (unch), CVX: 98.18 (-0.93)
Dow 30 Stock Roundup: Apple, GE, DuPont Beat, Boeing Posts Narrower-than-Expected Loss
Swarup Gupta - Zacks Investment Research - Fri Jul 29, 10:43AM CDT
The Dow slipped over an earnings heavy week, where results took precedence over other developments.
KO: 43.44 (-0.01), MMM: 177.90 (-0.39), GE: 31.08 (-0.07), UTX: 106.00 (-0.94), XOM: 85.83 (-0.03), BA: 131.45 (-1.76), YHOO: 38.40 (-0.40), T: 43.20 (+0.02), V: 78.14 (-0.12), RDS.A: 49.19 (-0.39), MCD: 117.60 (-0.41), DD: 67.95 (-1.40), CAT: 80.99 (-0.96), CVX: 98.18 (-0.93), VZ: 53.88 (-0.62), AAPL: 104.41 (-1.64)
ExxonMobil (XOM) Misses Q2 Earnings & Revenue Estimates
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 10:13AM CDT
ExxonMobil Corporation (XOM) posted second-quarter 2016 earnings of 41 cents per share, widely missing the Zacks Consensus Estimate of 64 cents.
MDR: 4.78 (-0.02), QEP: 17.35 (+0.13), XOM: 85.83 (-0.03), VNR: 1.62 (-0.10)
Stock Market News for July 29, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 9:10AM CDT
Despite decline in energy stocks, benchmarks ended mostly in the green on Thursday on the back of gains in major tech companies.
AMZN: 759.60 (-8.14), F: 11.92 (-0.56), FB: 122.72 (-1.59), XOM: 85.83 (-0.03), HP: 60.49 (-0.26), SLB: 78.10 (-0.36), T: 43.20 (+0.02), LVLT: 48.76 (-0.81), RDS.A: 49.19 (-0.39), MUR: 24.70 (-0.93), GOOGL: 796.84 (-4.10), WMB: 23.31 (+0.78), CVX: 98.18 (-0.93), VZ: 53.88 (-0.62), AAPL: 104.41 (-1.64), APC: 50.48 (-1.37)
Q2 GDP Disappoints, Q2 Earnings Mixed Ahead of Bell: XOM, CVX, UPS, ABBV, BCS
Mark Vickery - Zacks Investment Research - Fri Jul 29, 8:55AM CDT
Both GDP results and Exxon's (XOM) earnings for Q2 were below expectations. Who outperformed the consensus before the bell Friday?
BCS: 7.81 (-0.18), XOM: 85.83 (-0.03), ABBV: 66.46 (-0.48), CVX: 98.18 (-0.93), UPS: 107.19 (-0.82)
ExxonMobil (XOM) Q2 Earnings, Revenues Miss
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 8:22AM CDT
ExxonMobil misses on earnings.
XOM: 85.83 (-0.03)
ExxonMobil Earns $1.7 Billion in Second Quarter of 2016
BusinessWire - Fri Jul 29, 7:00AM CDT
-- Strong Chemical results highlight sustainable competitive advantages
XOM: 85.83 (-0.03)