All posts by Todd Mitchell

Schlumberger Gains After Q4 Earnings, Dividend, Offset 2019 Outlook Uncertainty

Fourth- Quarter gains

Schlumberger Ltd  posted stronger-than-expected fourth-quarter revenue Friday, and declared a 50 cent share dividend, even as it cautioned that recent oil price volatility has added more uncertainty into its 2019 outlook. Schlumberger said adjusted earnings for the three months ended in December came in at 36 cents a share, largely in-line with the consensus forecast. Revenues […]

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Dow rises 312 points with China and US Trade Negotiations Talks

Trade Negotiations

Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S. The Dow Jones Industrial Average rose 314 points, led by gains in Caterpillar and Home Depot. The S&P 500 climbed 1.3 percent, trading out of correction territory, as the materials and industrials sectors outperformed. The Nasdaq Composite advanced 1.1 […]

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Dow/ S&P 500 Clear 50-Day MA’s

U.S. markets showed slight weakness on Thursday’s open before regaining momentum shortly afterwards to push higher highs and near-term resistance levels. The major indexes got an added spike in the final hour of action on reports the U.S was weighing lifting China tariffs to hasten a trade deal. The overall gains and continued closes above […]

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Cramer: Not all of retail is struggling—just look at these 3 winners

Retail Trading

Department store operators like Macy’s may be struggling after a weaker-than-expected holiday season, but other, more focused retailers are thriving, CNBC’s Jim Cramer said Wednesday after a positive day for the major averages. “The department stores may be in rough shape here, but that’s just because people are buying stuff online or from stores that are […]

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New Strong Buy Stocks for January 17th

Strong Buy Stocks

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: General Motors Company (GM – Free Report): This company that designs, builds, and sells cars, trucks, crossovers, and automobile parts has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days. General Motors Company Price and ConsensusSponsored […]

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Small-Caps Clear 50-Day MA

U.S. markets showed strength for the 2nd-straight session following better-than-expected earnings from the Financial sector that will be in focus throughout the week. The gains helped the major indexes edge closer to near-term resistance levels with the 50-day moving averages in play. The continued January rebound rally continues to look bullish with the major indexes […]

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US Stocks Gain as Goldman, BofA Top Earnings Forecasts, Offsetting Trade Concern

Earnings

The Wednesday Market MinuteU.S. equity futures turn green after stronger-than-expected earnings from Goldman Sachs and Bank of America.Global stocks mixed amid the increasing confusion over the impact of Prime Minister Theresa May’s historic parliamentary defeat on Brexit last night and concern over the lack of progress in U.S.-China trade talks.U.K. lawmakers will debate a non-confidence […]

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If you invested $1,000 in Netflix in 2007, here’s how much you’d have now

Netflix Stock

Video-streaming giant Netflix announced Tuesday that it is raising prices between 13 and 18 percent for new and existing customers. That’s the most substantial increase in its history. Following the announcement, the company’s stock shot up more than 6 percent. If you had invested in Netflix in 2007, when it first began its streaming service, that […]

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Disney Shares Are Soaring Off the Market Lows

Disney Shares

Disney shares are up more than 11 percent since the market bottomed Dec. 24, and options traders don’t seem to see any signs of slowing for the rally. The stock rose 1 percent Monday despite the company announcing that it would raise admission prices to Disneyland ahead of the opening its brand-new, 14-acre “Star Wars” area. […]

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JPMorgan misses estimates, caused by trading troubles

fourth quarter profits

JPMorgan Chase & Co.’s fourth quarter profits badly missed analysts’ expectations on Tuesday, caused by difficulties in the bank’s bond-trading business.The nation’s largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4.23 billion, or $1.07 a share, in the same period a year […]

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