Year: 2020

Exxon Mobil Corp is “very close” to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce. Exxon has exceeded a target of reducing operating expenses by $1 billion and capital budget spending by $10 billion, he wrote. …read more […]

Stock futures opened lower Wednesday evening, extending regular-session declines, as traders continued to fixate on dimming prospects of more stimulus before the election. Third-quarter corporate earnings results also continued to roll in mixed. …read more […]

(Bloomberg) — Tesla Inc. reported a fifth consecutive quarter of profits Wednesday, handily beating analysts’ estimates, and said it remains on track to deliver 500,000 cars in 2020 despite weaker sales in the rest of the global auto industry.The earnings streak could add momentum for Tesla’s inclusion in the S&P 500 Index and defies a downbeat trend among other automakers struggling to overcome a pandemic-induced slump. The Palo Alto, California-based company reported third-quarter profit of 76 cents a share on an adjusted basis, surpassing analysts’ consensus estimate for 55 cents a share.Shares of the company rose as much as 4.5% …read more […]

WD-40 Chairman and CEO Garry Ridge chats with Yahoo Finance about the outlook for his business. …read more […]

Roth Capital Partners analyst Craig Irwin joins The Final Round to break down what everything you need to know about Tesla’s latest earnings report and the company’s role in the autonomous driving space. …read more […]

Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Realty Income’s dividend safety.
Realty Income (NYSE: O) is a favorite among dividend and real estate investment trust (REIT) investors because the company pays monthly dividends and is a Perpetual Dividend Raiser (a company that raises its dividend every year).
In fact, Realty Income has boosted its dividend every quarter for 92 straight quarters. For those of you who don’t feel like doing the math, that’s 23 years – and a hell of a track record.
Its most current dividend is $0.234 per share, which comes out to a 4.6% yield. But …read more […]

(Bloomberg) — Peloton Interactive Inc. slid in extended trading Wednesday after Goldman Sachs issued a rare downgrade of the stock to a hold-equivalent rating, citing a more than fivefold share-price rally over the past year.The 458% gain in Peloton shares since it was added to a Goldman buy list in 2019 suggests that “much of the near term opportunity is priced in,” analyst Heath Terry wrote in a research report cutting the rating to neutral from buy. Peloton fell as much as 3.9% in postmarket trading.Shares of the New York-based company surged this year as Covid-19 lockdowns led to major …read more […]

Chipotle Mexican Grill released its third quarter earnings report after hours on Wednesday, beating on its top line and bottom lines. The company saw its comparable sales up 11% year-over-year, and its digital sales triple year-over-year. Yahoo Finance’s Jared Blikre breaks down the company’s earnings report on The Final Round. …read more […]

Tesla shares are up in after hour trading following a third-quarter earnings report that beat expectations. The electric car manufacturer reported $8.77 billion in revenue, compared to the Street’s estimate of $8.26 billion, while posting its fifth straight quarter of net profit. The company reiterated its guidance to achieve a record half-million vehicle deliveries by year’s end. Jared Blikre breaks down the results on The Final Round. …read more […]

Tesla reported third-quarter earnings results after market close on Wednesday. …read more […]

Over the past several years, the stock market has seen a pretty decent run. Companies in most sectors of the economy have seen their share prices rise significantly.
But this hasn’t been the case for oil and gas…
Over the last two years, the S&P 500 has risen a modest 19%. Shares of oil and gas exploration and production companies, represented by the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP), are down a whopping 75%.
Compare that with shares of clean energy companies, reflected by the iShares Global Clean Energy ETF (Nasdaq: ICLN). It has an impressive two-year gain …read more […]

Earlier this month, the Wall Street Journal reported that rival Advanced Micro Devices Inc is in talks to buy Xilinx in a deal that could be valued at more than $30 billion. San Jose, California-based Xilinx makes programmable chips used in data centers to speed up tasks like artificial intelligence work and in 5G telecommunications base stations. Xilinx saw sequential growth of 38% in its automotive business, echoing a similar boost highlighted by peer Texas Instruments, which credited it to resuming of operations by vehicle assembly plants in North America and Europe. …read more […]

The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year, a goal that will require it to significantly ramp up vehicle sales in the fourth quarter. Tesla said it had the capacity installed to produce and deliver 500,000 vehicles this year, but added that achieving its goal has become more difficult. Earlier this month, Tesla said it delivered 139,300 vehicles in the third quarter, a quarterly record for the electric carmaker, yet some analysts questioned whether the company could hit its ambitious year-end target. …read more […]

With so much uncertainty leading up to election night, investors need to be prepared no matter the outcome. Now we’re not going to make any predictions today, but there are definitely markets that will either see a boost or a decline depending on the outcome. So, with that in mind, we’re going to look at some stocks to buy if Joe Biden wins the election.

This is without question the most important Trade Talk Tuesdays I’ve ever published. And here’s why…Nearly 75% of U.S. Investors say they’re more worried about the November election than COVID-19! 75%!!!
Financial markets hate uncertainly, and this …read more […]

The concern over a “pull forward in demand” has come up repeatedly during the pandemic, about a number of companies, sometimes incorrectly. In Netflix’s case, it’s real. …read more […]