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☆ Oracle stock is set for its best year since the dot-com boom after a 75% surge
▼ + stars: | 2024-12-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

AdvertisementOracle shares are set for their best year since 1999 after a 75% surge. Oracle has surged 75% since January, putting the stock on track for its best year since a tripling in 1999 during the dot-com boom. Oracle's soaring stock price has boosted the net worth of Larry Ellison, who cofounded the company and is chief technology officer. The chipmaker's stock has tripled in the past year and it now rivals Apple as the world's most valuable company. Yet Oracle is still headed for its best annual stock performance in a quarter of a century — and its bosses are promising there's more to come.

Persons: Larry, Trump, aren't, Larry Ellison, Elon Musk's, Safra Catz, Catz, Ellison Organizations: Oracle, Exxon Mobil, Mastercard, Costco, Netflix, Forbes, Microsoft, Google, Nvidia, Apple

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

☆ Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says
▼ + stars: | 2024-11-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Exxon Mobil 's new businesses aimed at lowering carbon-dioxide emissions are a long-term growth engine that will deliver earnings by the end of the decade, according to UBS. UBS has a 12-month price target of $149 for Exxon, indicating about 22% upside from Friday's close of $121.79 per share. The oil major is investing some $20 billion in a suite of emissions-reducing businesses including carbon capture and storage, biofuels, lithium and hydrogen through 2027. Balanced growth Exxon's $20 billion investment in low-carbon businesses represents about 13% of the company's total capital expenditures through 2027. The company's downstream refining and retail sales business should grow earnings by $4 billion starting in 2027, according to UBS.

Persons: Josh Silverstein, Silverstein, Trump Organizations: Exxon Mobil, UBS, Exxon, U.S, Baytown Hydrogen Locations: U.S, Baytown, That's, Guyana

☆ Hedge fund bets on a key oil and gas supply chain stock, saying it could rise over 300%
▼ + stars: | 2024-11-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

London-based hedge fund Granular Capital has revealed a renewed interest Borr Drilling , saying the offshore drilling company's shares could increase by up to 300% or 400%. The hedge fund's thesis centers on Borr's fleet of 24 modern jack-up rigs – specialized vessels used to maintain oil and gas production in shallow waters. Additionally, about one-third of the global jack-up fleet is approaching or has exceeded retirement age, suggesting a likely decrease in available equipment going forward. Singapore, which previously constructed 50% of global jackup rigs, has largely converted its manufacturing capacity to other uses. This week, Seatrium signed an agreement with India's Cochin Shipyard to build jack-up rigs, potentially at a lower cost in the future.

Persons: Thiago Mordehachvili, there's, Mordehachvili, Tor Olav Trøim, Sebastian Grindheim, Borr, Truls Olsen, Evercore, Jason, Granular's Mordehachvili, Seatrium Organizations: Borr, Sohn Conference, NYSE, Arctic Securities, Exxon Mobil, Valeura Energy, Fieldwood Energy, FactSet, Fearnley Securities, CNBC Pro, Keppel Offshore, India's, Shipyard Locations: Norway, Saudi Aramco, Malaysia, Thailand, Mexico, Mordehachvili, Singapore

☆ Buy the 'average' stock for big gains into year-end, says chart analyst
▼ + stars: | 2024-11-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

This outperformance outside of the biggest stocks in the market sets up the "average stock" for success heading into year-end, according to Roth MKM's JC O'Hara. RSP 5D mountain RSP 5-day chart "This shows breadth is expanding. "We found similar price action within the Nasdaq 100 and the equal weighted version last week. The QQQ's gained 1.9% [last week] while the equal weighted version of the ETF, QQQE, surged 3.5% and came within pennies of a new closing high," O'Hara said. The resurgence of the so-called average stock follows Donald Trump securing a second term as president.

Persons: it's, Russell, Roth MKM's JC O'Hara, O'Hara, Donald Trump, Trump, Hess Organizations: Nvidia, Microsoft, RSP, Nasdaq, QQQE, Investors, Citi, Chevron, Exxon Mobil Locations: Mexico, Canada, Namibia

☆ Citi upgrades Chevron, says oil giant is trading at a discount to rival Exxon Mobil
▼ + stars: | 2024-11-26 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Oil giant Chevron's discount relative to peers has created an attractive entry point, according to Citi. Chevron is up just 7.5% year to date, lagging the S & P 500's 25% advance in that time. Rival Exxon Mobil has also outperformed Chevron, up 20% in 2024. Syme forecasts the valuation gap between Chevron and Exxon Mobil to reach "a historically wide gap" of 20% as soon as 2026. If the arbitration panel rules in favor of Exxon, Chevron's merger deal with Hess, announced earlier this year, will not close.

Persons: Alastair Syme, Syme, Hess, CNBC's Michael Bloom Organizations: Citi, Chevron, Exxon Mobil, ExxonMobil, Exxon Locations: Chevron, Guyana, Namibia, Kazakhstan

☆ Morningstar names cheap stocks in a sector that 'deserves a place in everybody's portfolio'
▼ + stars: | 2024-11-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Top Morningstar strategist David Sekera says there's one sector that "deserves a place in everybody's portfolio" right now — the energy sector. Stocks Sekara is betting on within the energy theme include Exxon Mobil and Devon Energy . Morningstar has a four-star rating on Devon Energy and says it is trading at a 22% discount to fair value. The investment research company gives stocks a rating of between one and five stars, with a top rating indicating that the shares are undervalued. Sekera says that U.S. stocks are now trading around 6% higher than their fair value.

Persons: David Sekera, George Bull, Sander Morris, Aaron Dunn, Donald Trump's, Morningstar, Trump, Sekera, Sekara Organizations: Morgan, Value, Exxon Mobil, Devon Energy, Exxon Mobile, U.S, Trump, U.S . Federal Reserve Locations: U.S, Morgan Stanley's

☆ How Trump policies may boost and burden energy stocks and crude oil, all at the same time
▼ + stars: | 2024-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

While oil stocks tend to follow the direction of crude prices, the energy sector has gained 3.6% since election day, slightly outpacing the S & P 500. Conflicting signals The crude futures market and the oil and gas stocks appear to be taking different messages from Trump's victory. Since the election, natural gas stocks have been big winners on the prospect of more pipeline permitting. The oilfield services companies are also major beneficiaries under a Trump administration, West said. Oil surplus headwind More ominously, an oil and gas production boom under Trump would lower crude oil prices and likely act as a headwind for the industry.

Persons: Donald Trump's, Brent, Andrew Dittmar, Trump, Dittmar, Biden, James West, EQT, Kinder Morgan, West, Baker Hughes, Halliburton, Lee Zeldin, Zeldin, Russia —, Morgan Stanley, Wells, Roger Read, Darren Woods, I'm, Woods, CNBC's Organizations: West Texas Intermediate, Enverus Energy Intelligence, Republican, White, American Petroleum Institute, Oil, Gas, ETF, Interior Department . Offshore drillers, Noble Corporation, Evercore ISI, Pipeline, Williams Companies, Cheniere Energy, Industries, Trump, SLB, New, New York GOP, Environmental Protection Agency, Fox News, Biden, EPA, " Companies, Investors, Department of Energy, CNBC, Exxon Mobil, Exxon, Chevron, White House, Capitol, ISI Locations: China, Gulf of Mexico, Tidewater, Transocean, Gulf, Trump, New York, U.S, Saudi Arabia, Russia, Wells Fargo

☆ This fund has outperformed the S&P 500 over the past 5 years. Here's how
▼ + stars: | 2024-11-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

Select Quality Equity Fund (GQEPX) is up 33% in 2024, outpacing the S & P 500's 27% year-to-date total return. It has also outperformed 99% of funds in its category over the past five years, per Morningstar. This matches the rest of the firm's fund strategies, GQG portfolio manager Brian Kersmanc told CNBC. "We focus on this concept of forward quality," Kersmanc explained. So they're considered that sort of a blue chip, almost widow-and-orphan stock within the portfolio," Kersmanc said.

Persons: Morningstar, GQEPX, Brian Kersmanc, Eli Lilly, Kersmanc, Rajiv Jain, it's, Philip Morris, —, It's, they're Organizations: GQG Partners, Equity Fund, CNBC, Nvidia, Exxon Mobil, Kersmanc, Exxon Locations: Florida, GQEPX

☆ Business leaders weigh the U.S.' role in climate policy as Trump transitions to White House
▼ + stars: | 2024-11-13 | by ( Emma Graham | ) www.cnbc.com time to read: +3 min

Participants walk by the entrance of the U.N. COP29 climate conference at the Baku Olympic Stadium. watch now"President Trump has been very clear he doesn't believe in climate change. While campaigning, Trump targeted the Inflation Reduction Act — which he calls the "green new scam" — and pledged to rescind any "unspent" funds. U.S. climate envoy John Podesta, who leads America's delegation at COP29, held firm on Washington's continued leadership on climate policy, saying during the opening of the annual conference that "efforts to prevent climate change remain a commitment in the U.S. and will confidently continue." In his speech at the Republican National Convention in July, Trump claimed that increasing domestic oil and gas production would drive down prices for consumers at the pump.

Persons: Donald Trump's, Rich, CNBC's Dan Murphy, Trump, Joe Biden, —, John Podesta, America's, Washington's, Ajay Banga, Donald Trump, Darren Woods, Woods, Biden, Trump's Organizations: Baku, Getty, Boston Consulting Group, CNBC, Exxon Mobil, Trump, Republican National Convention Locations: BAKU, Azerbaijan, Baku, U.S, decarbonization, Washington, COP29, Paris

☆ Exxon CEO says Trump should keep U.S. involved in global effort to address climate change
▼ + stars: | 2024-11-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump should keep the U.S. involved in global efforts to address climate change, Exxon Mobil CEO Darren Woods said Tuesday. Climate Change Conference and "continue to have the U.S. influence policy around the world," Woods told CNBC's "Squawk Box" on Tuesday. Trump withdrew the U.S. from the Paris climate agreement in 2017 and is expected to do so again in his second term. "I'm not sure how 'drill, baby, drill' translates into policy," Woods told CNBC's "Squawk Box" on Nov. 1, referencing one of Trump's campaign slogans. Exxon's production levels are based on how much money the company can return to shareholders, not which political party is on office, he said.

Persons: Donald Trump, Darren Woods, Trump, Woods, CNBC's, Joe Biden, Wood, I'm, Biden Organizations: Exxon Mobil, Exxon, Economic, of New, CNBC, U.S Locations: U.S, Baku, Azerbaijan, Paris, of New York

☆ Exxon Mobil CEO Darren Woods: The world needs to have a long-term approach to reducing emissions
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods: The world needs to have a long-term approach to reducing emissionsExxon Mobil CEO and chairman Darren Woods joins 'Squawk Box' to discuss the COP29 Conference in Azerbaijan, long-term approach to reducing emissions, impact of President-elect Trump's energy policy on oil production outlook, and more.

Persons: Darren Woods Organizations: Exxon Mobil, Conference Locations: Azerbaijan

☆ Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.
▼ + stars: | 2024-11-12 | by ( Catherine Boudreau | Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Trump has said he plans to bring down gas prices by boosting US oil production. AdvertisementDuring the presidential campaign, Trump said that he planned to lower energy prices — including the cost of gas — by increasing US oil production. Cahill added that he expects the US to increase oil production, but it will happen gradually. However, he said boosting oil production while keeping prices at a desired level is a "delicate balance" for the industry. "If oil prices drop, you're likely to see a natural decline in US oil production over the long run," he said, adding, "Oil companies have shareholders to be accountable to."

Persons: Trump, Darren Woods, —, Donald Trump's, Semafor, Ben Cahill, Cahill, Woods, Patrick De Haan, Joe Biden Organizations: ExxonMobil, Service, Energy, University of Texas, US Energy Information Administration, CNBC, Trump, OPEC, US, Wall Street, Exxon Locations: China, Austin, Gulf, Mexico, Paris

☆ Evercore ISI says Trump to drive S&P 500 to 6,600 by mid-2025, gives top stocks to play new policies
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history. Since 1932, the S & P 500 has averaged a 152% gain over 50 months during bull runs. The strategist listed several stocks Evercore thinks could benefit from a Trump win, and some that could outperform even further from a red sweep. Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said.

Persons: Donald Trump's, It's, Dow, Julian Emanuel, Elect Trump, Emanuel, Goldman Sachs, Evercore, Tesla, Elon Musk Organizations: ISI, Trump, GOP, Goldman, Palo Alto Networks, Israel, Exxon Mobil, Halliburton Locations: Wells, Wednesday's, Wells Fargo, China, Israel, Russia, Ukraine, cyberattacks

☆ The trader guide to the election: Which stocks Wall Street expects to benefit under Trump or Harris
▼ + stars: | 2024-11-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Generally, a Trump win is seen as positive for financials given a higher likelihood of deregulation for companies in the space. Traditional oil and gas names are also likely to benefit under a second Trump presidency. One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency. However, a Harris win is expected to keep current regulation measures in place, and possibly introduce new ones. Private equity giants KKR and Blackstone would also benefit under a Trump win.

Persons: Kamala Harris, Donald Trump, Paul Gallant, Cowen, Gallant, Harris, Goldman Sachs, Daniel Clifton, Strategas, Andrew Garthwaite, Trump, Garthwaite, TAN, we've, Biden, Wells, Ike Boruchow, Boruchow, —, Russell, Joe Biden, Morgan Stanley, Crypto, isn't, Nic Puckrin, bitcoin, Marcelli, Financials, Wolfe, Chris Senyek, Lazard Organizations: Congress, U.S ., Trump, U.S . Trump, GOP, Democratic, CNBC Pro, Wall, Strategas, Enterprise, of America, Ford, UBS, Apple, Enphase Energy, Technologies Enphase, Exxon Mobil, Chevron, Trump Media & Technology, Trump Media, Cadence Bank, Viking Therapeutics, Bureau, CNBC, Wolfe Research, Lazard, Private, KKR, Blackstone, Evercore Locations: Washington, of America Cleveland, Cleveland, China

Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ Chevron beats earnings expectations, returns more than $7 billion to shareholders
▼ + stars: | 2024-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The company is also targeting $2 billion to $3 billion in cost reductions from 2024 through the end of 2026. When adjusted for foreign currency impacts, the company reported earnings of $2.51 per share, solidly topping Wall Street's expectations for the quarter. Chevron booked revenue of $50.67 billion, also beating Street expectations but declining 6% from the $54.1 billion reported in the third quarter last year. The oil major returned a record $7.7 billion to shareholders in the quarter, including $4.7 billion in share buybacks and $2.9 billion in dividends.

Persons: Hess, John Hess Organizations: Chevron, LSEG, Federal Trade Commission, Exxon Mobil, Hess Corp Locations: Canada, Congo, Alaska, Guyana

☆ Stocks making the biggest moves premarket: Amazon, Apple, Atlassian and more
▼ + stars: | 2024-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Apple — Shares dropped 1.6% even after the technology giant surpassed top-and-bottom line estimates for the recent quarter, and showed 6% revenue growth. Avis Budget — The car rental company slipped 1.5% after posting third-quarter earnings that fell short of Wall Street's estimates. Chevron topped Wall Street's third-quarter estimates and returned more than $7 billion to shareholders during the period through buybacks and dividends. Juniper Networks posted preliminary third-quarter earnings and revenue that topped estimates, but did not provide financial guidance for 2024, citing its pending acquisition by Hewlett Packard Enterprise . Revenue of $1.33 billion topped the FactSet estimate of $1.26 billion.

Persons: Atlassian, FactSet, Abbott, Ernst, Young, Wall, LSEG, —, Jesse Pound, Sean Conlon, Pia Singh, Sarah Min Organizations: Amazon Web Services, Apple —, Intel —, LSEG, Abbott, Boeing —, . Avis Budget, Chevron, Exxon Mobil —, Exxon, Juniper Networks, Hewlett Packard Enterprise Locations: Europe, Missouri

☆ Exxon earnings beat, increases fourth-quarter dividend
▼ + stars: | 2024-11-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An Exxon gas station is seen in the Brooklyn borough of New York City on Oct. 6, 2023. Exxon Mobil beat third-quarter earnings expectations, as the oil major reached its highest liquids production level in more than four decades. Revenues: $90 billion, vs. $93.94 billion expectedThe oil major booked net income of $8.61 billion in the quarter, or $1.92 per share, down about 5% compared to $9.1 billion, or $2.25 per share, in the year-ago period. The company returned $9.8 billion to shareholders in the quarter and increased its fourth-quarter dividend to $0.99 per share. Exxon said it has reached its high production level in more than 40 years at 3.2 million barrels per day.

Organizations: Exxon, Exxon Mobil, LSEG Locations: Brooklyn, New York City

☆ Exxon shares look poised to break out after a long rest, says chart analyst Carter Worth
▼ + stars: | 2024-11-01 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Exxon Mobil (XOM) is a range-bound stock judged that is fully rested and in a position to come to life in the weeks or months ahead. By our work, XOM is now in position to reassert itself to the upside. The current dividend yield is 3.39% vs the 1.29% yield for the S & P 500 Index. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: XOM, Carter Braxton Worth Organizations: Exxon Mobil, Exxon, CNBC, NBC UNIVERSAL

☆ Exxon Mobil CEO Darren Woods on Q3 results: Company transformation is beginning to manifest itself
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q3 results: Company transformation is beginning to manifest itselfExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which beat third-quarter earnings expectations as the oil major reached its highest liquids production level in more than four decades, oil production outlook, impact of 2024 election, California lawsuit, and more.

Persons: Darren Woods Organizations: Exxon Mobil Locations: California

☆ Wealth manager for the super-rich names 3 stocks to buy before the year-end
▼ + stars: | 2024-11-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Year-to-date, shares in Exxon have gained 16.7%, while the stock of Barrick and Microsoft have gained around 10.8% and 15% respectively. Microsoft Teng remains bullish on Microsoft, despite Wrise making a "partial switch" and reducing its weight in the tech giant while increasing allocations to Nvidia in early August. Microsoft and and Nvidia are among the so-called Magnificent Seven stocks, which also include Alphabet , Amazon , Apple , Meta Platforms and Tesla . Nike Athletic footwear and apparel label Nike is another stock that Teng likes, despite bearish sentiments in Wall Street.

Persons: Kevin Teng, —, Barrick, Barrick Gold Teng, Microsoft Teng, Teng, OpenAI, AlixPartners, Walt Disney, Mickey Mouse Organizations: Big Tech, CNBC Pro, Wrise Private Singapore, Microsoft, behemoth Exxon Mobil, Barrick Gold, Exxon, Barrick, Exxon Mobil, Nvidia, Apple, Tesla, Nike Athletic, Nike, Disney, Marvel Studios, Disney Plus, 4Q, Pixar Animation Studios Locations: Asia, East, Europe, Wall Street

☆ Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data: Live updates
▼ + stars: | 2024-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Dow Jones Industrial Average futures rose 15 points, or 0.1%, while S&P 500 futures also gained 0.1%. Those moves come after a downbeat session on Thursday, which saw the S&P 500 and Nasdaq Composite dragged down by post-earnings slumps in Microsoft and Meta Platforms . The Dow led the major indexes down with a slide of 1.3%, while the S&P 500 and Nasdaq shed 1% and 0.5%, respectively. On the earnings front, traders will monitor Friday reports from Chevron and Exxon Mobil .

Persons: Dow, Jay Hatfield, Dow Jones, nonfarm Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Intel, Microsoft, Meta, Infrastructure Capital Management, Chevron, Exxon Mobil

☆ Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling
▼ + stars: | 2024-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

An executive at Palo Alto Networks also posted about it on LinkedIn , without mentioning the dollar amount and duration. These headlines could be helping support shares of Palo Alto in Thursday's down market. Palo Alto did not respond to CNBC's request for comment on the licensing agreement. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, nonfarm, Morgan Stanley, Palo, Nikesh Arora, —, Missouri —, we're, Jeff Marks, Abbott, we'll, payrolls, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones Industrial, Microsoft, Meta, Boeing, Reserve, Palo Alto Networks, Department of Defense, Palo, Abbott Labs, NEC, Judicial, Apple, Coterra Energy, Intel, . Steel, Juniper Networks, Chevron, Exxon Mobil, LyondellBasell, Jim Cramer's Charitable Locations: U.S, Palo Alto, Thursday's, Missouri

☆ Calls of the Day: Bank of America, Royal Caribbean and Exxon Mobil
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Bank of America, Royal Caribbean and Exxon MobilThe Investment Committee debate the latest Calls Of The Day.

Organizations: Bank of America, Exxon Mobil The Locations: Royal Caribbean

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