• Earnings, Davos — What to know in the week ahead
    Yahoo Finance

    Earnings, Davos — What to know in the week ahead

    It is a shortened trading week and investors will be focused on earnings and the World Economic Forum taking place in Davos, Switzerland.

  • E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Trader Reaction to 29279 Sets the Tone
    FX Empire

    E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Trader Reaction to 29279 Sets the Tone

    Given the prolonged move up in terms of price and time, the direction of the March E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to Friday’s close at 29279.

  • Thomson Reuters StreetEvents

    Edited Transcript of SLB earnings conference call or presentation 17-Jan-20 1:30pm GMT

    Q4 2019 Schlumberger NV Earnings Call

  • Oil Falls for Second Week as Ample Supply Offsets Trade Hopes
    Bloomberg

    Oil Falls for Second Week as Ample Supply Offsets Trade Hopes

    (Bloomberg) -- Oil declined for the second week as signs that supplies remain plentiful offset optimism over the signing of the U.S.-China trade agreement.Futures in New York were little changed Friday but ended the week 0.9% lower. Refiners have turned a crude surplus into a product surplus with U.S. gasoline and distillate stocks expanding by over 40 million barrels during the last three weeks. The build overshadowed Beijing’s commitment to spending $52.4 billion in additional purchases of American energy in the next two years as part the phase-one trade deal between the world’s biggest economies.“There is a positive vibe after the trade deal, but the fact is we are so oversupplied it’s going to be difficult to get the market up past $60,” said Bob Yawger, futures director at Mizuho Securities USA LLC in New York.Before the landmark U.S.-China accord was signed, prices reached a six-week low Wednesday after U.S. government data showed petroleum inventories in the country expanded to the highest levels since September. Supplies at the critical Cushing, Oklahoma, commercial storage hub rose for the first time in 10 weeks. American crude production continues to set new records, reaching 13 million barrels a day earlier this month.Oil drilling rose for the first time in four weeks, led by the Permian Basin, indicating that oil supplies are poised for more gains in the near term.West Texas Intermediate futures for February delivery settled up 2 cents at $58.54 a barrel on the New York Mercantile Exchange.Brent for March settlement rose 23 cents to $64.85 on the ICE Futures Europe exchange in London after climbing 1% on Thursday. That put its premium over WTI for the same month at $6.27 a barrel.The market may have to contend with another week of inventory builds as fog on the U.S. Gulf Coast has intermittently suspended marine traffic and slowed exports, according to Andy Lipow, president of Lipow Oil Associates LLC in Houston.The International Energy Agency noted on Thursday that global markets have a “solid base” of inventories and climbing supplies from outside the OPEC cartel, even as elevated tensions in the Middle East endanger production from Iraq and elsewhere.(A previous version corrected the timeframe of the stock build in the second paragraph.)\--With assistance from James Thornhill, Elizabeth Low, Grant Smith and Jackie Davalos.To contact the reporter on this story: Sheela Tobben in New York at vtobben@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Catherine Traywick, Mike JeffersFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • US STOCKS-Wall Street hits new highs in strongest week since August
    Reuters

    US STOCKS-Wall Street hits new highs in strongest week since August

    Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. The Dow Jones Industrial Average rose 0.17% to end at 29,348.1 points, while the S&P 500 gained 0.39% to 3,329.62.

  • Oilprice.com

    The Single Biggest Factor In Oil This Week

    China has been the key oil price driver this week, with phase one of the trade deal driving prices higher before worrying economic data from the country dragged prices lower

  • US STOCKS-Wall Street strikes new high as housing data fuels optimism
    Reuters

    US STOCKS-Wall Street strikes new high as housing data fuels optimism

    Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. At 2:42 p.m. ET, the Dow Jones Industrial Average was up 0.08% at 29,321 points, while the S&P 500 gained 0.22% to 3,323.95.

  • US STOCKS-Wall Street hits new high as data boosts growth outlook
    Reuters

    US STOCKS-Wall Street hits new high as data boosts growth outlook

    The S&P 500 gained 0.21% to 3,323.61 and the Nasdaq Composite was up 0.05% at 9,362.01. Declining issues outnumbered advancers for a 1.06-to-1 ratio on the Nasdaq. The S&P index recorded 122 new 52-week highs and no new lows, while the Nasdaq recorded 186 new highs and nine new lows.

  • Market Sentiment Around Loss-Making TETRA Technologies, Inc. (NYSE:TTI)
    Simply Wall St.

    Market Sentiment Around Loss-Making TETRA Technologies, Inc. (NYSE:TTI)

    TETRA Technologies, Inc.'s (NYSE:TTI): TETRA Technologies, Inc., together with its subsidiaries, operates as a...

  • US STOCKS-Wall St at record levels after strong U.S., China data
    Reuters

    US STOCKS-Wall St at record levels after strong U.S., China data

    "Housing reports have come out quite positive, the job growth continues to be healthy and all the worries we had about a recession seem to have passed," said Brad McMillan, chief investment officer for Commonwealth Financial Network, an independent broker-dealer. Declining issues outnumbered advancers for a 1.12-to-1 ratio on the Nasdaq.

  • Baystreet

    Markets Stretch Ever Higher

    Equity markets in Toronto hit yet another all-time high on Friday, tracking gains in global equities, ...

  • Schlumberger (SLB) Q4 Earnings & Revenues Beat Estimates
    Zacks

    Schlumberger (SLB) Q4 Earnings & Revenues Beat Estimates

    Improved OneSubsea revenues from the international market aid Schlumberger (SLB) in Q4 earnings.

  • Oilprice.com

    Why Oilfield Service Giants Are Dumping Assets

    The three biggest oilfield service providers have all announced asset sales as they adapt to an environment featuring lower demand for their services

  • US STOCKS-Strong data, earnings drive Wall Street to new highs
    Reuters

    US STOCKS-Strong data, earnings drive Wall Street to new highs

    U.S. stock indexes edged higher to hit fresh record highs on Friday on optimism over corporate earnings, economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States. "There's a lot of enthusiasm out there and it is a combination of earnings and strong data that is supporting the market," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

  • TechnipFMC Retains Spin-Off Date, Expects to Boost Prospects
    Zacks

    TechnipFMC Retains Spin-Off Date, Expects to Boost Prospects

    TechnipFMC's (FTI) move to split into two entities is seen as a strategic effort to explore different markets and enrich potential benefits.

  • U.S. Senate Approves New North American Free Trade Deal
    FX Empire

    U.S. Senate Approves New North American Free Trade Deal

    On Thursday, the U.S. Senate overwhelmingly approved the new free-trade agreement between Canada, the United States and Mexico. The deal, which covers the biggest free-trade zone in the world, should boost the economies of all three countries.

  • Schlumberger (SLB) Q4 Earnings and Revenues Top Estimates
    Zacks

    Schlumberger (SLB) Q4 Earnings and Revenues Top Estimates

    Schlumberger (SLB) delivered earnings and revenue surprises of 5.41% and 0.49%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • China’s Economy Holds Steady as Focus Shifts to the GBP and the USD
    FX Empire

    China’s Economy Holds Steady as Focus Shifts to the GBP and the USD

    UK retail sales figures and a busy U.S calendar put the GBP and USD in focus.

  • Investing.com

    Day Ahead: Top 3 Things to Watch for Jan. 17

    Investing.com - Here are three things that could rock the markets tomorrow.

  • Why Helmerich & Payne (HP) Could Beat Earnings Estimates Again
    Zacks

    Why Helmerich & Payne (HP) Could Beat Earnings Estimates Again

    Helmerich & Payne (HP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Can Solid Overseas Market Aid Halliburton (HAL) Q4 Earnings?
    Zacks

    Can Solid Overseas Market Aid Halliburton (HAL) Q4 Earnings?

    The deceleration in E&P activity is likely to have dented demand for Halliburton's (HAL) services and equipment in the fourth quarter.