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- Written by TradersCom
- Category: Energy
EIA reported a draw in Crude of 7195kbbl, a draw of 263kbbl Cushing. and a builds in gasoline. US production unchanged at 11,000 mbpd, off record high of 13.10 mbpd. Futures are reacting to OPEC comments and risk off and production cut moves.
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- Written by ThePitBoss
- Category: Earnings Reports
FedEx reported a huge beat in second quarter earnings after a series dissappointing earnings affected severeing its Amazon contracts. $FDX was up over 8% after hours. FedEx had been wounded by a slow European economy but is benefiting from the stay at home world at cheap het fuel and diesel.
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- Written by TradersCom
- Category: Energy
The U.S took off 1 oil rigs out of service as U.S.oil production roses 500kbpd to fall to 11100kbpd. US Natural Gas rigs were unchanged. Canadian oil rigs fell 1, natural gas rigs fell 3.
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- Written by ClemSnide
- Category: Earnings Reports
With the Covid-19 crisis US consumer has gone on-line, we know that from Amazon (AMZN) and Walmart's (WMT) online segment and we see the same with Big Lots. With record unemployment also making consumers price conscioss the discount and closeout retailer $BIG guided earnings sending the stock soaring 32%
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- Written by The Bipolar Trader
- Category: Central Banks
The Federal Reserve completed its annual stress test on Thursday for 2020 and additional sensitivity analyses that the Board conducted in light of the coronavirus event. The Fed capped bank dividend payments and suspended share-buybacks for the third quarter.
