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☆ Oil eases on uncertain demand, market eyes US inventory data
▼ + stars: | 2023-06-22 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +2 min

Higher interest rates ultimately increase borrowing costs for consumers, which could slow economic growth and reduce oil demand. Oil prices held on to most of the previous session's gains as the market kept a lookout for fresh drivers, including signs of Chinese demand optimism and the latest U.S. inventory data. "China's economic rebound is still the focus of oil traders. More stimulus measures by the Chinese government could improve the oil demand outlook," said Tina Teng, markets analyst at CMC, adding that data next week on Chinese factory activity could steer oil price moves. Meanwhile, official inventory data from the U.S. Energy Information Administration is due later on Thursday.

Persons: Brent, Jerome Powell, Tina Teng, Jeslyn Lerh, Arathy Somasekhar, Sonali Paul Organizations: Inc, SINGAPORE, Federal, U.S, West Texas, CMC, U.S . Energy, Administration, American Petroleum Institute, Thomson

☆ Oil steady after surprise dip in U.S. crude stocks offsets demand fears
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: +2 min

Oil prices held on to most of the previous day's gains in early trade on Thursday as markets weighed an unexpected draw in U.S. crude oil stocks against the prospect of weaker demand after the Federal Reserve chairman hinted at further interest rate hikes. Brent futures slipped 8 cents, or 0.1%, to $77.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 5 cents, or 0.1%, at $72.48 at 0015 GMT. Higher interest rates ultimately increase borrowing costs for consumers, which could slow economic growth and reduce oil demand. A firmer dollar weighs on oil demand as it makes the commodity more expensive for buyers holding other currencies. However, oil prices could rise as muted increases in U.S. oil production and cuts by the OPEC+ producing-nations group will limit crude supply in the months ahead, an executive at U.S. shale producer EOG Resources said on Wednesday.

Persons: Brent, Jerome Powell, Resources Organizations: Federal, U.S, West Texas, American Petroleum Institute, U.S . Energy, Administration

☆ US shale's muted reply to OPEC oil cuts to limit supply, executive says
▼ + stars: | 2023-06-21 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +2 min

U.S. energy firms have cut domestic oil and gas drilling activity to the lowest level since April 2022 with declines from Texas to Pennsylvania. Analysts expect further cuts this year with oil and gas prices off from last year's strong levels. "We are more constructive on where oil prices could go." Global benchmark Brent crude was trading at $77.10, while U.S. natural gas prices were trading around $2.58 per million British thermal units. It expects to flatten drilling activity there and turn more to Ohio's Utica and Wyoming's Powder River Basin, he added.

Persons: Lloyd Helms, Morgan, Helms, Arathy Somasekhar, Matthew Lewis Organizations: Global, Brent, Organization of, Petroleum, U.S . Energy Information Administration, Thomson Locations: ., Texas, Pennsylvania, U.S, Saudi Arabia, New Mexico, Utica, Houston

☆ Devon Energy tops profit estimates on strong demand, boosts share buyback
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Shale oil producer Devon Energy (DVN.N) on Monday topped Wall Street estimates for first-quarter profit on high demand for crude oil, and raised its share repurchase program by 50% to $3 billion. Energy companies have started boosting investor returns since last year with the excess cash they generated aided by higher crude prices. While crude price fell during the first quarter, nearly 20% lower compared to last year when prices soared to multi-year peaks following Russia's invasion of Ukraine, they were still high enough for producers to remain profitable. Shale producers Marathon Oil Corp (MRO.N), APA Corp (APA.O) and EOG Resources also posted profit above estimates last week, helped by strong crude prices and demand. Reporting by Sourasis Bose in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ These stocks are the biggest winners when oil prices surge
▼ + stars: | 2023-04-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Oil prices are on a tear to start the new quarter, and if history is any guide, some stocks are better positioned to benefit from rising prices. The recent surge comes after oil prices tumbled last month to their lowest since December 2021 as Silicon Valley Bank's collapse rattled traders and spurred fears that a banking crisis could dent global economic growth. With oil prices at highs, CNBC Pro screened for the S & P 500 that consistently win during these times. Here are the names that made the list: Given their close correlation to oil prices, it's no surprise that energy stocks topped the list. While energy stocks, on average, benefit most when oil prices rise, other sectors also prosper.

☆ Play defense with these fortress stocks in the second quarter
▼ + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.

☆ Stocks making the biggest moves midday: Lululemon, Micron, Carnival, Foot Locker & more
▼ + stars: | 2023-03-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Micron Technology — The semiconductor manufacturer added 5.3% after management said it was planning a bigger headcount reduction than previously expected. Carnival — Shares gained 3.6% after being upgraded by Susquehanna to positive from neutral. The move comes a day after the stock gained 6.1% following an upgrade by Wells Fargo to equal weight from underweight. Urban Outfitters , Burlington Stores , Foot Locker , Ross Stores — Shares of major retailers declined Wednesday after UBS downgraded the group to sell from neutral. Petco — Shares of the pet health and wellness company gained 5% after CEO & Chairman Ron Coughlin disclosed a 61,000 share purchase.

☆ Jim Cramer's top 10 things to watch in the stock market Monday: Bank rescue, Salesforce truce, Nvidia boost
▼ + stars: | 2023-03-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

GIS gets from price target bumps on Wall Street. Pioneer Natural Resources (PXD) sees price target cut at Raymond James, which goes to $241 per share from $300. RH (RH), the company formerly known as Restoration Hardware, price target cut to $245 per share from $335 at Wedbush. Wingstop (WING) cut to underperform (sell) from hold at Jefferies, which kept its $160-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Top 10 things to watch in the stock market Thursday: Stocks bounce, Ford EVs, Apple
▼ + stars: | 2023-03-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Marathon Oil (MRO) and Club holding Pioneer Natural Resources (PXD) catch upgrades at Citi. Club holding Ford (F) unveiled its new financial reporting structure ahead of Thursday's teach-in event. Club holding Apple (AAPL) increasing its commitment to sports and content? Coty (COTY) added to Piper Sandler's top ideas in beauty after analysts performed a round of checks in stores in Chicago plus recent company updates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Strategists say it’s a stock picker’s market right now — and name their top picks
▼ + stars: | 2023-03-08 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Against this backdrop, a slew of strategists are calling it a stock picker's market and advising investors to be particularly mindful of the companies they invest in. "You really do need to have discipline, but this is definitely a stock picker's market. The SOXX, which offers investors exposure to a basket of U.S.-listed semiconductor stocks, is up more than 20% this year. She believes the current macro backdrop is a "stock picker's scenario" that calls for "an active trading environment." The stock has a current dividend yield of 2.7%, higher than the industry average of 0.8%, according to FactSet data.

☆ Frackers Increase Spending but See Limited Gains
▼ + stars: | 2023-02-26 | by ( Benoît Morenne | ) www.wsj.com time to read: 1 min

Profits from years past might be hard for oil producers to match. Frackers are set to plow more cash into oil fields this year compared with last, but it isn’t expected to unleash the flood of crude that past spending binges in the shale patch have. EOG Resources Inc. said it would spend about $1.4 billion more than last year, but that its oil production would rise by only about 3% in 2023. Pioneer Natural Resources Co. said it would augment its budget by nearly $1 billion, but its production would increase by less than 7% from 2022. And Marathon Oil Corp. said that although its expenses would jump by up to 35%, its production would remain flat.

☆ Stocks making the biggest moves premarket: Beyond Meat, Sweetgreen, Adobe, Block and more
▼ + stars: | 2023-02-24 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The meat-alternative company reported a loss per share of $1.05, lower than the expected $1.18, according to Refinitiv. Sweetgreen — Shares of the salad chain shed about 10% after Sweetgreen issued weaker-than-expected revenue guidance for the first quarter and full year, according to Refinitiv. Fourth-quarter revenue also fell short. MercadoLibre — MercadoLibre jumped 5% after the South American e-commerce firm reported fourth-quarter earnings of $3.25 per share on revenue of $3 billion. EOG Resources — EOG Resources slid 3.6% after the energy company reported fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to FactSet.

☆ Stocks making the biggest moves midday: Beyond Meat, Live Nation, Yeti, Boeing and more
▼ + stars: | 2023-02-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount's estimate of $3.6 billion. EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to StreetAccount. Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. However, Autodesk beat fourth-quarter expectations on the top and bottom lines, according to Refinitiv.

☆ Stocks making the biggest moves after hours: Block, Carvana, Boeing and more
▼ + stars: | 2023-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Carvana generated revenue of $2.84 billion, lower than the anticipated $3.1 billion. Block — The mobile payment stock climbed 6.5% after Block reported better-than-expected revenue in its fourth-quarter results. The company posted revenue of $4.65 billion, beating Refinitiv consensus estimates for $4.61 billion. However, Block missed estimates, posting adjusted earnings of 22 cents per share compared to expectations for 30 cents per share. The media and entertainment conglomerate reported a loss of 86 cents per share on revenue of $11.01 billion.

☆ These high-dividend stocks are expected to rally, with analysts giving one 60% upside
▼ + stars: | 2023-02-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

High-yielding stocks are back in the spotlight as volatility persists, inflation remains hot and Treasury yields continue to rise. Canadian firm Pembina Pipeline Corporation , as well as EOG Resources, offered high dividend yields at nearly 7% and almost 6% respectively. Both are also expected to have high earnings growth ahead, with forecasts of 146% for Pembina and 62% for EOG. Analysts also give EOG average potential upside of nearly 32%. Hong Kong-listed shipping logistics firm SITC International Holdings also had a notably high dividend yield of 8.5% and nearly 60% potential upside.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ Factbox: Bumper profits fuel surge in dividends, buybacks at oil firms
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +4 min

Feb 3 (Reuters) - Energy firms are using a chunk of their bumper quarterly profits from surging natural gas and fuel prices to reward shareholders with higher dividends and share buybacks. The top 25 North American oil and gas companies by market capital posted a combined profit of $70.04 billion for the quarter ended Sept. 30, 186.3% higher than a year earlier, according to Refinitiv data. However, the record profits have renewed calls for a windfall tax, especially as sky-rocketing prices have fueled inflation around the globe. Below are some of the companies that have announced higher dividends and repurchases in recent weeks:Valero Energy Corp (VLO.N)Dividend: Increased quarterly dividend by 4.1% to $1.02 per shareNet Income in latest quarter: More than tripled to $3.11 billionExxon Mobil Corp (XOM.N)Dividend: Q4 per-share dividend of 91 cents, up 3 centsNet Income in latest quarter: Jumped 43.7% to $12.75 billionChevron Corp (CVX.N)Dividend: Raised quarterly dividend by 9 cents to $1.51 per shareShare buyback: Approves a $75 billion buyback programNet Income in latest quarter: Jumped 25.6% to $6.35 billionConocoPhillips (COP.N)Dividend: Declares variable dividend of 60 cents per shareShare buyback: Raised existing share repurchase authorization by $20 billionNet Income in latest quarter: Rose 23% to $3.2 billionCHESAPEAKE ENERGY CORP (CHK.O)Dividend: Increased total quarterly dividend to $3.16/shr from $2.32/shrNet Income in latest quarter: Stood at $883 mln, compared with $345 mln year-ago lossBAKER HUGHES CO (BKR.O)Dividend: Increased quarterly dividend by 5.5% to 19 cents per shareShare buyback: Authorized an additional $2 blnNet Income in latest quarter: Fell 38.1% to $182 millionSLB (formerly Schlumberger) (SLB.N)Dividend: Increased quarterly cash dividend 43% to $0.25 per shareShare buyback: Resumed share repurchase programNet Income in latest quarter: Rose 77.2% to $1.07 billionMarathon Petroleum Corp (MPC.N)Share buyback: Approved an additional $5 billion in stock repurchasesNet Income in latest quarter: Rose 329.1% to $3.32 billionPhillips 66 (PSX.N)Share buyback: Plans to return up to $12 bln more to shareholders by end-2024 through dividends and buybacksNet Income in latest quarter: Jumped 1241% to $5.4 billionMarathon Oil Corp (MRO.N)Dividend: Expects to raise base dividend by an additional 11% after closing the purchase of EnsignNet Income in latest quarter: Climbed 344% to $817 millionEOG Resources Inc (EOG.N)Dividend: Raised regular dividend by 10%, $1.50/shr special dividendNet Income in latest quarter: Rose 160.6% to $2.85 billionAPA Corp (APA.O)Dividend: Doubled quarterly dividend to an annualized rate of $1.00/shrNet Income in latest quarter: Stood at $422 million, compared with a loss of $113 millionCOTERRA ENERGY INC (CTRA.N)Dividend: Increased dividend by 3 cents to 68 cents/shrNet Income in latest quarter: Surged 1768.75% to $1.2 billionPATTERSON-UTI (PTEN.O)Dividend: Doubled quarterly cash dividend to 8 cents/shrShare buyback: Increased share repurchase authorization to $300 millionNet Income in latest quarter: Rose 181% to $61.5 millionTEXAS PACIFIC LAND CORP (TPL.N)Share buyback: Approved purchase of up to $250 mln worth of sharesNet Income in latest quarter: Rose 55% to $129.8 mlnCANADIAN NATURAL RESOURCES LTD (CNQ.TO)Dividend: Raised quarterly dividend by 13% to 85 Canadian cents/shrNet Income in latest quarter: Rose 27.7% to C$2.81 blnCenovus Energy Inc (CVE.TO)Dividend: Announced a variable dividend of C$0.114Share buyback: Plans to renew repurchase programNet Income in latest quarter: Climbed 192% to C$1.61 blnIMPERIAL OIL (IMO.TO)Dividend: Raised quarterly dividend by 29% to 44 Canadian cents/shrShare buyback: Announced a C$1.5 bln substantial issuer bid to buy back sharesNet Income in latest quarter: Rose 123.6% to C$2.03 blnTOURMALINE OIL CORP (TOU.TO)Dividend: Announced a special dividend of C$2.25/shr; raised quarterly dividend by 11% to 25 Canadian cents/shrNet Income in latest quarter: Rose 481% to C$2.09 blnReporting by Sourasis Bose, Ankit Kumar and Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Sam Stovall says 2023 will be a bullish year, with one sector set to see large gains
▼ + stars: | 2023-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

CFRA chief investment strategist Sam Stovall calls energy stocks a continued smart play in what he thinks will also prove a bullish year for the broader market. Stovall told CNBC's "Power Lunch" Tuesday that historical data gives strong backing for gains in the S & P 500 this year. Stovall's 2023 target for the S & P 500 is 4575, although he said that number's "more a weather vane than a laser beam." Fears of a recession are already reflected in market prices, Stovall said, and the market is already close to the bottom. Stovall reiterated his preference for energy stocks, saying he believes there's upside potential for energy prices.

Output in the Eagle Ford shale field tanked in 2020, but has returned to growth with an average increase per month of about 17,000 barrels per bay (bpd) in the back half of 2022, according to U.S. government data. Its gains will help keep U.S. output rising as the Permian basin, the largest U.S. shale field, has slowed rapidly in the last year. The Eagle Ford is close to existing and proposed liquefied natural gas terminals, offering producers more buyers for their gas. February's Eagle Ford oil production is forecast to hit 1.2 million bpd, the most since April 2020, according to data from the Energy Information Administration. GRAPHIC: Eagle Ford oil rig count rises to highest since March 2019 https://graphics.reuters.com/USA-OIL/EAGLE/dwpkdazxgvm/Reporting by Stephanie Kelly; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Lululemon, Duck Creek, Mastercard, Uber and more
▼ + stars: | 2023-01-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Visa , Mastercard — Shares of the payments companies gained 1.1% and 1.7% respectively, after Keybanc upgraded their ratings to overweight from from sector weight. Shares gained 2.8% premarket. Uber — Shares gained 2.8% after the rideshare platform was upgraded to overweight from neutral by Piper Sandler. Nvidia — The stock gained 1.6% premarket after being named a top pick by Wells Fargo analysts, who said they see a positive data center product-cycle materializing through 2023. Ferrari — Shares rallied more than 2% premarket after being named a top pick for 2023 by Bank of America.

☆ Citi's Chronert says a recession is near; shares his 'top conviction calls' to tough it out
▼ + stars: | 2023-01-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Citi's Scott Chronert expects a mild recession in the first half of this year and revealed three strategy calls that could help investors trade the downturn. Earnings Earnings will likely come in better than expected, according to Chronert in his outlook for this year, published in December. Strength in some sectors Chronert likes both industrials and energy looking ahead. In the December note, Citi listed a number of "preferred" U.S. energy stocks including APA and EOG Resources . As such, he told CNBC Thursday that he's "steering somewhat clear of" mega-cap companies.

☆ Stocks on the cheap — Here are 11 names with single-digit P/Es that could rally
▼ + stars: | 2022-12-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

On the tail-end of a down year, there are some stocks that might be cheaper than they should be. That has led to a down year for the majority of stocks — and all but one of the 11 sectors — in the broad index. But this sharp decline could present a buying opportunity, as some stocks are set to rally. Along with PulteGroup , it also has the lowest forward price-to-earnings ratio among the names on the list, at 6.2 times. Further down the list, United Rentals has a price-to-earnings ratio of 9.6.

☆ Three-Stock Lunch: Rockwell Automation, EOG Resources and Micron
▼ + stars: | 2022-12-30 | 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 EmailThree-Stock Lunch: Rockwell Automation, EOG Resources and MicronCraig Johnson, Piper Sandler chief market technician, joins 'Power Lunch' to discuss Johnson's investing take on three stocks: Rockwell Automation, EOG Resources and Micron.

☆ Final Trades: Costco, AutoZone, EOG Resources & more
▼ + stars: | 2022-12-09 | 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: Costco, AutoZone, EOG Resources & moreThe "Halftime Report" traders give their top picks to watch for the second half.

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