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Fossil fuels still dominate the global energy mix at 81.5% in 2023, according to the Energy Institute. "It just goes to show how difficult it is to change the energy mix. It's because it takes time," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, a global energy technology company. Takayuki Ueda, the representative director president and CEO of INPEX, a Japanese oil company, reiterated technology's role in the energy transition. Energy companies have been leaning on gas as a "reliable dispatch of power" to meet demand, said Maví Zingoni, CEO of Power at GE Vernova, an energy equipment manufacturing and services company.
Persons: Lorenzo Simonelli, Baker Hughes, Simonelli, Takayuki Ueda, Ueda, Maví Zingoni, Zingoni, Olivier Le Peuch, Le Peuch, CNBC's Dan Murphy Organizations: Energy Institute, CNBC, Energy, Power, GE Vernova, SLB Locations: Abu Dhabi
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
Traditionally Republicans have been more significant friends of the oil and gas industry. Increasing domestic oil production would theoretically achieve several goals for the new administration: increase domestic economic activity and employment, increase domestic energy security, and lower oil and gas prices. Interestingly, oil and gas production in the United States right now, the world's largest producer, has never been higher, and oil and gas prices, while well above pre-COVID levels, have stabilized. The incoming Trump administration will likely reduce federal regulations on drilling, pipeline development, and environmental protections that limit the expansion of oil and gas projects. This infrastructure investment benefits the oil services industry by enabling more accessible transport and new development projects, which Biden canceled.
Persons: Trump, Kamala Harris's, Biden, YTD We'll Organizations: Republicans, Trump, Keystone XL, Dakota, Schlumberger, Schlumberger Ltd, HAL, CNBC, NBC UNIVERSAL Locations: Pennsylvania, United States, North, Halliburton, North America
Cramer's Lightning Round: 'I can't recommend' Ford
  + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon CEVA's year-to-date stock performance. Stock Chart Icon Stock chart icon Intuitive Machines' year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance. Stock Chart Icon Stock chart icon SLB's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance.
Persons: Tesla, Elon Musk
Lightning Round: I can't recommend Ford, says Jim Cramer
  + stars: | 2024-11-04 | by ( Jim Cramer | ) 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 EmailLightning Round: I can't recommend Ford, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: CEVA, Intuitive Machines, Ford, SLB, and Vistra Corp.
Persons: Ford, Jim Cramer Organizations: Ford, Vistra Corp
Citi reiterates Amazon as buy Citi said the e-commerce giant has "multiple catalysts for growth" following earnings on Thursday. Gordon Haskett upgrades Uber to buy from hold The firm said investors should buy the dip in Uber following earnings on Thursday. Goldman Sachs initiates Penguin Solutions as buy Goldman called Penguin a "high performance hardware solutions for enterprise AI at an attractive valuation." Wells Fargo downgrades Estee Lauder to equal weight from overweight Wells downgraded the stock following a disappointing earnings report on Thursday. KeyBanc upgrades Atlassian to overweight from sector weight KeyBanc upgraded the software company following earnings.
Persons: Goldman Sachs, Gordon Haskett, Goldman, Wells, Estee Lauder, it'll, Atlassian, Kinder Morgan, Morgan Stanley, Arista, Datadog, it's, CFRA, Berkshire Hathaway, Jefferies Organizations: Apple, Apple Intelligence, Citi, Amazon, Penguin Solutions, Penguin, Suncor Energy, " Bank of America, Nvidia, Artificial, TAM, Bank of America, UBS, Intel, Mizuho, IDA, Energy Locations: Asia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Jim Lebenthal buys Lockheed Martin, Bill Baruch sells ConocoPhillipsJim Lebenthal and Bill Baruch join CNBC's "Halftime Report" to discuss their latest trades in Lockheed Martin, ConocoPhillips and SLB.
Persons: Jim Lebenthal, Lockheed Martin, Bill Baruch, ConocoPhillips Jim Lebenthal, CNBC's Organizations: Lockheed, ConocoPhillips Locations: Lockheed Martin, SLB
Calls of the Day: Gilead, Berkshire Hathaway and SLB
  + stars: | 2024-10-21 | 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: Gilead, Berkshire Hathaway and SLBThe Investment Committee debate the latest Calls Of The Day
Persons: Berkshire Hathaway Locations: Gilead, Berkshire
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Jim, overbought, , Honeywell, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Netflix, Nvidia, Broadcom, Devices, Apple, Honeywell, American Express, Procter, Gamble, CVS Locations: China, Dover
Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.
Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China
The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. WD-40 — The maintenance product maker's shares fell 4% after a disappointing fiscal fourth-quarter earnings report. Despite posting a top-line beat of $823 million in revenue versus LSEG analysts' estimates for $808 million, net interest income fell 3% in the third-quarter. Revenue of $9.16 billion fell below the $9.25 billion LSEG consensus forecast. Ally Financial – The digital bank stock fell nearly 1% despite earnings beating analysts' estimates in the third quarter.
Persons: Gamble, LSEG, David Joyner, Karen Lynch, B.Riley, SLB, Schlumberger, FactSet, — CNBC's Pia Singh, Sarah Min, Jesse Pound, Michelle Fox Organizations: Procter, Netflix, CVS, FactSet, Western Alliance Bancorp, Apple, Bloomberg, Crown Holdings, Holdings, Comerica Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommittee Stocks on the Move: P&G, SLB, Intuitive Surgical and CVSThe Investment Committee discuss some of their stocks that are on the move.
Cramer's Stop Trading: SLB
  + stars: | 2024-10-18 | 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 EmailCramer's Stop Trading: SLBCNBC’s Jim Cramer explains why he is keeping an eye on shares of SLB.
Persons: Jim Cramer Locations: SLB
Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . NEXTracke r: Shares of solar stock Nextracker are having another rough day, dropping roughly 3%. 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. A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023.
Persons: Jim Cramer, Donald Trump, Joe Biden, Trump, there's, we've, Jim Cramer's, Jim, Amber Wang Organizations: CNBC, Semiconductor, Taiwan Semiconductor, Nvidia, Apple, Taiwan Semi, ASML Holdings, Treasury, Atlanta, JPMorgan, Nextracker, Microsoft, Republican, Netflix, Procter, Gamble, American Express, Jim Cramer's Charitable, Taiwan Semiconductor Manufacturing Company, Center, Afp, Getty Locations: Taiwan, Hsinchu, AFP
In Friday's look at wholesale inflation, the producer price index was unchanged month over month . We'll hear from Club holdings Morgan Stanley and Abbott Laboratories on Wednesday morning. Morgan Stanley: The ongoing recovery in investment banking will be front and center. That was a key theme in the second quarter , and the hope is that the July-to-September period showed a continuation of the trend for Morgan Stanley. Morgan Stanley has been strong lately, though.
Persons: Jim Cramer, Jim, Gamble, — Wells, industrials, Goldman Sachs, ASML, Morgan Stanley, Morgan Stanley's, Louis, Abbott, Charles Schwab, Johnson, JB Hunt, Kinder Morgan, Huntington, Jim Cramer's, Charly Triballeau Organizations: Club, Dow Jones, Nasdaq, Procter, Federal, JPMorgan, , Tech, . Utilities, UnitedHealth, Taiwan Semiconductor Manufacturing, Abbott Laboratories, Abbott Labs, NEC, Abbott, Food and Drug Administration, Walgreens Boots Alliance, Citigroup, Bank of America, United Airlines, Interactive, US Bancorp, Citizens, Alcoa, PPG Industries, CSX, Truist, Netflix, Crown Holdings, American Express, Gamble, CNBC, New York Stock Exchange, Financial, Afp, Getty Locations: Wells, U.S, Wells Fargo, St, Taiwan, New York City
As earnings season takes off, CNBC's Jim Cramer on Friday advised investors about what to follow next week on Wall Street. Bank of America could see a boost now that Warren Buffett is no longer required to frequently report his sales of the stock, Cramer added. Johnson & Johnson , Walgreens and UnitedHealth Group also report earnings on Tuesday, with Cramer noting that the latter regularly beats expectations. Johnson & Johnson this week saw a new development in its ongoing talc lawsuits that could aid resolution efforts. On Friday, Procter & Gamble will report, and Cramer said he's worried about the company's business in China.
Persons: CNBC's Jim Cramer, Cramer, Charles Schwab, Goldman Sachs, Schwab, He's, he's, Warren Buffett, Johnson, Morgan Stanley Organizations: Netflix, Taiwan Semiconductor, Bank of America, Citigroup, Wall, Johnson, Walgreens, UnitedHealth, Abbott Laboratories, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Nvidia, Procter, Gamble, American Express Locations: China
Vista Energy is well positioned for more growth ahead, according to UBS. The investment bank upgraded its rating on the stock to buy from neutral and increased its price target by $5 to $60, which implies nearly 32% upside from Thursday's close. VIST YTD mountain VIST, year-to-date This year, shares have soared, rising more than 54%. Yet, Vasconcellos believes the market is undervaluing Vista's production potential. Of the nine analysts covering the stock, seven have issued buy or strong buy ratings, LSEG data shows.
Persons: Tasso Vasconcellos, Brent, Vasconcellos Organizations: Vista Energy, UBS, SLB, Nabors Industries Locations: Argentina's Vaca
Top 10 things to watch Wednesday, Sept. 25 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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: Jeff Marks, Morgan Stanley's, Adam Jonas, Jonas, Tyson Food, Piper Sander, KeyBanc, they've, Wells, Baker Hughes, Halliburton, SLB, Baird, Gabrielle Fonrouge, Expedia, Cowen, Oppenheimer, Jim Cramer's, Jim Cramer, Jim Organizations: Club, Nvidia, Micron, U.S, Ford, General Motors, Hewlett Packard Enterprise, Barclays, Juniper Networks, Micro, Dell Technologies, Union Pacific, Department, Google, Jim's, Jim Cramer's Charitable, CNBC Locations: U.S, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Bill Baruch trims Tesla, sells SLB and buys more Exxon Mobil and Kinder MorganBill Baruch, founder & president at Blue Line Capital, joins CNBC’s “Halftime Report” to break down his latest portfolio moves.
Persons: Baruch, Kinder Morgan Bill Baruch Organizations: Exxon Mobil, Blue Line
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI is the X factor of digital transformation in the energy industry, says SLB CEO Olivier Le PeuchSLB CEO Olivier Le Peuch joins 'Squawk Box' to discuss the state of the global energy market, impact of AI on the energy industry, the company's continued presence in Russia, and more.
Persons: Olivier Le Peuch Locations: Russia
Retail giant Walmart is among this week's most overbought stocks, with an 14-day RSI reading of 81.7. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level.
Persons: Clorox, Johnson, Let's, Gabby Jones, Cooper Organizations: Nasdaq, Dow Jones, CNBC Pro, Retail, Walmart, Consumer, Johnson, Energy, Halliburton, APA, . Occidental Petroleum, Occidental Petroleum, Pharmaceutical, Moderna, JPMorgan, Bloomberg, Getty, UDR UDR, Inc, Oracle Corp, CNBC, HAL Halliburton, APA APA Corp, Occidental Petroleum Corp, Walgreens, Body Locations: Arkansas, Oakland , California, Secaucus , New Jersey
Turn to these dividend growers as the Fed cuts rates
  + stars: | 2024-08-12 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
As the Federal Reserve starts to cut interest rates, it makes sense that investors might turn to dividend stocks. In slow tightening cycles, fast dividend growers have outperformed slow growers and high yielders, the firm found in its analysis. The fastest growers are defined as the top 25% of the S & P 500 payers by trailing one-year dividend growth, while the slowest are the bottom 25%. We looked within the top 25% of S & P 500 dividend stocks by trailing one-year dividend growth. They also have a dividend yield of more than 2% and an upside of 10% or more to the average price target.
Persons: Ned Davis, Ed Clissold, Clissold, Prologis, SLB Organizations: Federal Reserve, Ned Davis Research, Ned, CNBC, CNBC Pro, Wall, Resorts, Equinix Locations: Real, Aker
Final Trades: Roblox, SLB, Visa and Booz Allen
  + stars: | 2024-08-12 | 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 EmailFinal Trades: Roblox, SLB, Visa and Booz AllenThe Investment Committee give you their top stocks to watch for the second half.
Persons: Booz Allen Organizations: Visa, Booz, Booz Allen The Investment
Cramer's Lightning Round: Lowe's is a buy
  + stars: | 2024-07-30 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Borr Drilling's year-to-date stock performance. Stock Chart Icon Stock chart icon Blackstone's year-to-date stock performance. Stock Chart Icon Stock chart icon Dexcom's year-to-date stock performance. Stock Chart Icon Stock chart icon Lowe's year-to-date stock performance. Stock Chart Icon Stock chart icon Joby Aviation's year-to-date stock performance.
Persons: Borr, Blackstone, Abbott, Edwards Lifesciences, Edwards, Joby, Marvell, Matt Murphy, Jim Cramer's Organizations: Borr, Boston Scientific, Joby, Marvell Technology, Marvell
Plug Power – Shares of the green energy company plummeted 13%, on pace for its fourth-straight losing year. Comerica – Shares tumbled nearly 11% after the bank posted second-quarter financial results that reflected a decrease in net interest income from the prior-year quarter. American Express posted revenue of $16.33 billion, which is below the $16.59 billion expected from analysts polled by LSEG. In terms of earnings, the company posted $3.49 per share on an adjusted basis for the period, which is higher than the $3.24 per share analysts expected. The company posted $5.83 billion in revenue, missing the $5.95 billion analysts polled by FactSet were expecting.
Persons: FactSet, Curtis Farmer, LSEG, SLB, W.R, Morgan Stanley, Halliburton –, Huntington Bancshares, Huntington, CNBC's Hakyung Kim, Pia Singh Organizations: Microsoft, SentinelOne, Palo Alto Networks, Comerica –, Bloomberg News, American Express, LSEG, LSEG . Revenue, Arm Holdings, Halliburton Locations: Palo, Berkley
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