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This list tracks the largest earnings beats for companies recently reporting earnings. This list is produced daily using the real-time earnings results reported by Selerity and limited to the top 30 stocks that meet the criteria.
Amid surging health care costs and acrimonious public debate, a new study found that a public-run system would save money over time.
It's shaping up to be a tough period for Progress Software Corporation (NASDAQ:PRGS), which a week ago released some...
(Bloomberg) -- Oil rose to a more than one-week high in London as supply disruptions in Iraq and Libya reignited concerns over the market’s vulnerability to geopolitical risk in key production regions.Brent futures increased to more than $65 a barrel after Libya’s oil production almost ground to a halt as armed forces closed a critical pipeline, shuttering output from the nation’s biggest oil project. In fellow OPEC nation Iraq, escalating protests stopped work at a minor field on Sunday.The latest incidents mark the second time this month that the market has been jolted by supply fears in OPEC nations, coming within weeks of a tense exchange between the U.S. and Iran that imperiled the region’s energy exports.While the dramas have roiled markets, with Brent swinging between a trading range of $8 a barrel, prices are now little changed with the end of last year. Supplies are continuing uninterrupted, and traders remain reassured by what the International Energy Agency calls a “solid base” of plentiful inventories and surging American shale-oil production.“The amount of oil which is off is substantial, but right now the expectations are that it’s not going to last because it’s part of a negotiation process,” said Olivier Jakob, managing director at consultant Petromatrix GmbH in Zug, Switzerland. “We are in this situation where you have some supply concerns if one looks at protests in Iraq and the situation in Libya, but on the other hand the products are weak.”Brent crude traded 35 cents higher at $65.20 a barrel on the ICE Futures Europe exchange as of 10:41 a.m. in London, having earlier climbed 1.8% to $66, the highest since Jan. 9. West Texas Intermediate futures rose 21 cents to $58.75 a barrel on the New York Mercantile Exchange.See also: The Man Who Cut Libya’s Oil Supply Is Getting Harder to HandleLibya’s oil production will collapse to just 72,000 barrels per day once its storage tanks are full, according to state-run National Oil Corp., down from more than 1.2 million barrels per day on Saturday. That would be the lowest level since August 2011, data compiled by Bloomberg show.The output plunge started when an eastern military commander, Khalifa Haftar, blocked exports at ports under his control, according to a statement on Saturday from NOC. The company declared force majeure, which can allow Libya -- home to Africa’s largest-proven oil reserves -- to legally suspend delivery contracts.Separately, security guards in Iraq seeking permanent employment contracts blocked access to the Al Ahdab oil field, prompting a production halt, according to an official who declined to be identified. The Badra field, which has an output of about 50,000 barrels a day, is also at risk of closure.See also: Iraq Oil Supplies Vulnerable as Mideast Tensions Flare, IEA Says\--With assistance from James Thornhill, Serene Cheong, Andrew Janes, Saket Sundria and Heesu Lee.To contact the reporters on this story: Grant Smith in London at firstname.lastname@example.org;Alex Longley in London at email@example.comTo contact the editors responsible for this story: James Herron at firstname.lastname@example.org, Christopher Sell, Helen RobertsonFor 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.
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.
(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 email@example.comTo contact the editors responsible for this story: James Herron at firstname.lastname@example.org, 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.
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.
(Bloomberg) -- A swirling mess of winter weather is roaring out of the Midwest toward the Northeast, threatening to drop a blanket of snow on upstate New York, New Hampshire and Maine, to the joy of skiers, and as much as 4 inches on Manhattan.High winds and heavy snow were moving across the Great Lakes on Friday. A winter weather advisory has been issued for New York City, Long Island and parts of New Jersey and Connecticut starting at 10 a.m. on Saturday and running until 1 a.m. Sunday.“It’s just a mess over a wide area,” Brian Hurley, a senior branch forecaster with the U.S. Weather Prediction Center in College Park, Maryland. “Every winter storm has its own nature, and this one isn’t going to wow us in the end with its snowfall amounts. But just the area of snow covered at six inches or more is pretty impressive.”Across the U.S., 1,065 flights were canceled Friday as the storm moved east, and another 76 were scrubbed for Saturday, according to FlightAware, a Houston-based airline tracking service. A Delta Air Lines flight slipped off a taxiway in Kansas City, according to the Associated Press.After the storm passes through New York, the forecast is for a mostly sunny Sunday with a high of 36 degrees Fahrenheit (2 Celsius), according to the National Weather Service.It will be the first time since Dec. 2 that the New York metropolitan region has gotten more than an inch of snow, and it follows a weekend in which temperatures reached into the high 60s Fahrenheit. Overall this season, only 2.7 inches (6.9 centimeters) of snow have fallen on Manhattan’s Central Park, or 5.7 inches less than normal.Along with the snow, areas south of the storm’s northern track could end up with a dangerous coating of ice. That condition could range across the Ohio Valley, into the Appalachian Mountains in West Virginia and Maryland and along Interstate 80 that crosses the region west to east.(Updates New York forecast in first paragraph, flights canceled in fourth)To contact the reporter on this story: Brian K. Sullivan in Boston at email@example.comTo contact the editors responsible for this story: Tina Davis at firstname.lastname@example.org, Reg Gale, Christine BuurmaFor 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.
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
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.
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.
"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.
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.
SkyWest (SKYW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Progress Software (PRGS) fourth-quarter 2019 results benefit from continued strength in OpenEdge, Ipswitch and Data Connectivity and Integration revenues, driven by multiple deal wins.
TechnipFMC's (FTI) move to split into two entities is seen as a strategic effort to explore different markets and enrich potential benefits.
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?
Teachers from Los Angeles County's Park Avenue Elementary School held back tears on Friday as they described the moment they were showered with jet fuel from a Delta airplane that was forced to return to LAX to make an emergency landing due to engine trouble. Attorney Gloria Allred, at a news conference on Friday announcing the litigation, said four teachers affected by the incident have sued Delta for negligence for dumping fuel in a densely populated area at low altitude earlier this week. On Friday, an airline spokesman declined to comment on pending litigation. Critics have said the jet could have dumped fuel over the ocean more safely, unless it were in an absolutely dire situation. Social media users captured video of the Boeing 777 jet, which had taken off to Shanghai with 181 people on board, emitting streams of fuel from the tips of its wings as it returned to the airport. The fuel dump caused minor injuries to at least 44 children and adults on the ground. Delta said on its website that airline cleaning crews worked with school crews to clean surfaces students may come into contact with. The crew that decided to dump the fuel, which fell on several Los Angeles area schools, didn't inform air traffic controllers they planned to do so, and the FAA is investigating. Delta previously said the fuel was dumped to reach a safe landing weight.