Investors were in a better mood this week despite some choppiness. Equities were up nicely during mid-week, bracketed by Monday and Friday’s triple digit declines. In all, the major market averages were higher by about 2.5%. Small and mid-cap stocks did even better with advances of 4.3%. The Dow Transportation Average also came out of… Continue reading Week in Review
Today I am adding oil refining and gasoline marketing company Marathon Petroleum Corp. (NYSE: MPC - $71.08) to the aggressive account, replacing Harris Corp., which was removed last week. I will provide more details as to my inclusion off Marathon in an upcoming post.
Netherlands's LyondellBasell Industries N.V (NYSE: LYB - $86.03) reported a 5.4% rise in third-quarter profit as revenue increased. The chemicals and oil refining company earned a $1.11 billion, or $2.85 a share, compared with $1.06 billion, or $2.67, for the same period last year. Analysts were predicting $2.70. Sales rose to $10.16 billion from $8.52 billion and also exceeded Street expectations… Continue reading LyondellBasell Profits and Revenue Rise
Power and data management component provider ON Semiconductor Corp. (NASDAQ: ON - $14.62) announced that total revenue in the third quarter was $1.54 billion up approximately 11% compared to revenue in third quarter of 2017 and about 6% from this year’s second quarter. Adjusted earnings per share were seven cents ahead of Street estimates to $0.57… Continue reading ON Semiconductor Beats Street Estimates
It was not a fun week as investors shied away from equities to the tune of a 3% decline in the Dow Industrials and nearly 4% for the S&P 500 and Nasdaq Composite. All the major market sectors had down arrows, notably energy stocks with a 7.4% selloff, telecoms -5.5%, and industrial and basic material… Continue reading Week in Review
Shares of New York-based Colgate-Palmolive Co. (NYSE: CL - $60.02) are trading lower by about 6% in today’s market after the consumer products company reported third-quarter revenue that missed expectations. Net income for the quarter totaled $523 million down from $607 million last year. Adjusted earnings were $0.72 vs. $0.73 a year ago and in line with consensus.… Continue reading Colgate Results Disappoint; Lowers Guidance
French oil major Total SA (NYSE: TOT - $58.02) said third-quarter net profit rose 48% from last year, supported by higher oil prices with Brent crude around $75/bbl. Sales also improved to $54.7 billion from $43.04 billion. Adjusted net profit rose to $3.96 billion, slightly over analyst expectations of $3.89 billion, thanks to strong performance from the exploration and production… Continue reading Total’s Quarterly Income Jumps