Month: January 2020

Mr. David Alton Clark, the founder of Clark Capital, has earned a reputation for recommending solid investments that stand the test of time. According to TipRanks, a fintech company that tracks and measures the performance of financial experts, Clark’s investment ideas have seen an average yearly return of 25.6% with a success rate of 70%. It’s not a surprise, then, that Clark has held down the 1 spot on Tiprank’s Top 25 Financial Bloggers list for a majority of the past decade.Highlighting the current geopolitical and macro-economic landscape, Clark advises against making any big bets until the Chinese Coronavirus outbreak …read more […]

Net loss attributable to Chevron was $6.61 billion, or $3.51 per share, in the three months ended Dec. 31, compared with a profit of $3.73 billion, or $1.95 per share, a year earlier. Chevron’s net oil equivalent production was flat at 3.08 million barrels per day in the quarter, while average sales prices fell in the United States and internationally. …read more […]

Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of $10.4 billion related largely to a deepwater Gulf of Mexico project, shale gas assets in Appalachia and the Kitmat LNG project in Canada. Net loss attributable to Chevron was $6.61 billion, or $3.51 per share, in the three months ended Dec. 31, compared with a profit of $3.73 billion, or $1.95 per share, a year earlier. Chevron’s net oil equivalent production was flat at 3.08 million barrels per day in the quarter, while average sales prices fell in the United States …read more […]

(Bloomberg) — If its pre-market trading holds up, Amazon Inc. is about to break a bigger record than just its own peak share price.The largest U.S. e-commerce company saw its shares jump by more than 10% after Thursday’s earnings report crushed Wall Street estimates. If that gain stands through Friday’s close of trading, the company could see its market capitalization surge by more than $90 billion, and push the total value above $1 trillion — a level the stock has flirted with intraday, but never held through the market close.That’d be the biggest single-day gain on record for a U.S. …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]

Navistar shares shot up by 50% to just over $36 a share in after-hours trading following Traton’s proposal, suggesting investors expect a potential deal could be richer than Traton’s opening offer. Traton said its offer was subject to Navistar and Traton reaching a merger agreement. …read more […]

Exxon Mobil Corp reported a 5.2% drop in fourth-quarter profit on Friday, as assets sales propped up flat year-over-year oil and gas output and weakness in its refining and chemicals businesses. Oil companies last quarter suffered from weaker prices for their products, and in Exxon’s case it has been spending heavily to boost its oil output to reverse production declines. Net income attributable to Exxon fell to $5.69 billion, or $1.33 per share, in the three months ended Dec. 31, from $6 billion, or $1.41 per share, a year earlier. …read more […]