Earnings Reports

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Valero Energy Corporation $VLO based in San Antonio, Texas reported better than expected third-quarter results Thursday before the open. Valero higher throughput margin due to 92% throughput capacity utilization despite Harvey supported Valero Energy’s strong results. 

ConocoPhillips $COP reported better than expected third quarter earnings and maintained production levels but lowered capex before the market opened Thursday. $COP is the largest U.S. based independent exploration and production firm.

Oil and gas explorer Hess Corporation $HES reported third-quarter 2017 earnings below expectations before the market opened. Stock off 4.5% with production, concerns, with debt worries eased by asset sales.

Boeing $BA reported better than expected third quarter earnings, beating expectations and raising guidance before the market open Wednesday. Boeing has been the best performing Dow stock in 2017 and has benefited more than most from the Trump Administration.

Global industrial equipment manufacturer Caterpillar $CAT reported better than expected third quarter 2017 earnings before the market open Tuesday. $CAT followed up Q1 & Q2 where it crushed earnings and also raised guidance. Shares soared 7% in the pre market.

Oil and gas servicing giant Halliburton $HAL reported better than expected Q317 results on Monday before the market. $HAL like Schlumberger $SLB has benefited from the American shale boom.

Ahead this week we have the three U.S. major oil companies ExxonMobil $XOM, Chevron $CVX and ConocoPhillps $COP reporting Q3 results . With oil over $50 WTI and near $60 Brent positive news is expected.

Amazon.com $AMZN joins FAANG Alum Alphabet $GOOGL to report this week on Thursday, $NFLX has already reported and Facebook $FB reports Nov 1. The big questions will be the Whole Foods and intergration and what is Jeff Bezos up to?

Industrial and aerospace heavyweight Honeywell $HON reported better than expected earnings on Friday before the market opened and reffirmed guidance.  Just last week Honeywell confirmed it would split two noncore units into separate publicly traded companies by years end.

General Electric reported worse than expected earnings on Friday October 20 before the market opened.  The stock has been moving the opposite to the general market with $GE near 2 year lows as the S&P and Dow trade at all time highs. $GE was down nearly 5% after the release.

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