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☆ A week of earnings and economic data mean a 'wholesale reshuffling' for stocks, Jim Cramer says
▼ + stars: | 2023-04-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Investors should brace for a "wholesale reshuffling of the stock guard" in the next two weeks, CNBC's Jim Cramer said Friday, with a spate of critical earnings and economic data ahead. Investors should be primed for market-moving earnings releases from the likes of Coca-Cola , industrial concern 3M , consumer favorite McDonald's , General Electric , General Motors and far more. Those major names mean investors who want to play their cards right need to "do their homework" ahead of earnings calls, review analyst notes, and, of course, read each respective earnings release, Cramer said. General Electric and Raytheon report earnings Tuesday, followed by Boeing on Wednesday. In terms of economic data, investors should be primed for the Personal Consumption Deflator number, which is the Federal Reserve's "best way to measure inflation," Cramer said.

☆ Here are Wednesday's biggest analyst calls: Netflix, Apple, Tesla, Amazon, Bowlero, Exxon & more
▼ + stars: | 2023-04-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

UBS upgrades Exxon to buy from neutral UBS said in its upgrade of the oil and gas giant that it likes the company's balance sheet. Bank of America reiterates Meta as buy Bank of America says it likes "self-help stocks in an uncertain macro." Bank of America reiterates Nvidia as buy Bank of America raised its price target on the AI beneficiary to $340 per share from $310. Bank of America downgrades CDW to neutral from buy Bank of America downgraded the technology products company after its disappointing earnings report on Tuesday. Wolfe reiterates Amazon as outperform Wolfe says it's standing by its outperform rating on the stock heading into earnings next week. "

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☆ This energy giant is the 'leader of the pack' and set to jump more than 20%, UBS says
▼ + stars: | 2023-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy "leader of the pack" Exxon Mobil , according to UBS. Analyst Josh Silverstein assumed coverage of Exxon Mobil and upgraded shares to buy from neutral, and raised his price target, saying the energy giant is set to outpace its peers. XOM YTD mountain Exxon Mobil shares YTD Exxon Mobil shares are higher by 6% in 2023 even after a slight dip in energy prices. Regardless, that follows a gangbuster two years for Exxon Mobil, which jumped 80% in 2022 and 48% the year prior. "Additionally, we forecast that the balance sheet goes into a net cash position by mid-2024, providing flexibility to push shareholder returns above the $17.5Bn/yr buyback pace, while providing downside support," he added.

Top producers have built a war chest to fund acquisitions after reaping windfall profit in 2022 from skyrocketing oil prices following Russia's invasion of Ukraine. At least three analysts have identified Diamondback Energy Inc (FANG.O), Matador Resources Inc (MTDR.N) and Permian Resources Corp (PR.N) as possible takeout targets. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves. But a surge in oil prices last year helped turn the tide. Last week, ConocoPhillips (COP.N) CEO Ryan Lance said he was expecting more shale deals, adding that "consolidation needs to happen" among Permian Basin energy producers.

☆ Analysts love these 15 cheap stocks — and give one 250% upside
▼ + stars: | 2023-04-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

But investors still have to contend with uncertainty as analysts continue to warn of a recession this year. Stock screen CNBC Pro screened for stocks in the S & P 500, Nasdaq Composite and MSCI World for cheap stocks with big upside. They met the following criteria: Stocks trading at a lower forward price-to-earnings ratio relative to their average five-year forward P/E multiple; "Buy" ratings from at least 40% of analysts covering them; Upside to average price target of 30% or more. First Solar and Broadwind Energy stood out for having among the highest potential upside on the list at 175% and 250%, respectively. Of the stocks on CNBC's screen, Valero Energy is trading at the steepest discount at 95%.

☆ Exxon declares force majeure on crude liftings in Nigeria
▼ + stars: | 2023-04-17 | by ( Sabrina Valle | ) www.reuters.com time to read: +1 min

[1/2] A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File PhotoHOUSTON, April 17 (Reuters) - Exxon Mobil Corp. (XOM.N) in Nigeria declared force majeure on oil liftings from different terminals in the country following industrial action by the company's in-house workers union, the company said on Monday in a statement. In the third quarter last year, production in Nigeria fell behind Angola to about 1 million bpd as companies like Shell PLC (SHEL.L) and TotalEnergies (TTEF.PA) exited the country amid widespread corruption and security issues. Nigeria produced 1.38 million bpd in February, according to OPEC's latest report. "We will continue to take all reasonable actions necessary to resolve the impasse as soon as possible," Exxon spokesperson Michelle Gray said in a statement on Monday.

☆ Exxon CEO’s Pay Jumps 52% Amid Rising Oil Prices, Record Profit
▼ + stars: | 2023-04-14 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

Exxon Mobil Corp. Chief Executive Darren Woods ’s compensation rose 52% to $35.9 million last year, as the oil-and-gas company brought in record profit. Most of Mr. Woods’s compensation came from stock awards of $24.9 million, according to a company filing Thursday made to the U.S. Securities and Exchange Commission. That is up more than $11 million from the year prior.

☆ Exxon CEO's pay rose 52% in 2022, highest among oil peers
▼ + stars: | 2023-04-13 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

Oil company workers did not see the same level of increases with median annual compensation for workers declining at several big energy companies. The median pay for an Exxon worker fell 9% last year to $171,582 while Chevron's median worker pay dropped 12%, to $161,488, filings showed. The two largest U.S. oil majors posted record profits in 2022 on high energy prices and costs cuts measures including payroll reductions. Occidental Petroleum's CEO Vicki Hollub's pay rose 35% while ConocoPhillips CEO Ryan Lance's pay fell 16%, all compared to their prior year. Under a new calculation disclosure required by the SEC on potential gains by executives on unvested stock awards, Woods' pay was $89.7 million in 2022, a securities filing showed.

☆ From black to green: How an oil-and-gas company pivoted to embrace wind energy — and is now raking in billions
▼ + stars: | 2023-04-13 | by ( Freya Graham | ) www.businessinsider.com time to read: +11 min

Like Sykes, it made a transition from black to green — and in doing so, it demonstrated it's possible for big energy companies to pivot to clean energy. To limit the influence of climate change, those emissions need to rapidly decrease — which means that big energy companies need to change their operations. A 2022 study found that 51% of the world's biggest publicly listed energy companies had not set out a strategy to reduce their emissions. Shell, for example, says it has about 50 gigawatts of renewable energy in operation, under construction, or in development. "If we could do the energy transition without them, I wouldn't be doing this," van Baal added.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday
▼ + stars: | 2023-04-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Scott Sheffield, CEO of Club holding Pioneer Natural Resources (PXD), sees oil powering to $100 per barrel if hits $90. Yes, I am upset that they paid a higher price than I thought but that was because of a bidding war with Fortive (FTV). 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Options trader bets Exxon's run off the lows still has legs
▼ + stars: | 2023-04-12 | 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 EmailOptions trader bets Exxon's run off the lows still has legsBrian Stutland, Equity Armor Investments, on Exxon with CNBC's Melissa Lee and the Options Action traders.

☆ Exxon Deal Hunt Signals Possible Shale M&A Wave
▼ + stars: | 2023-04-11 | by ( Benoît Morenne | Collin Eaton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/exxon-deal-hunt-signals-possible-shale-m-a-wave-c92c9fc

☆ Wall Street ends mixed with inflation data, earnings on tap
▼ + stars: | 2023-04-10 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

The bellwether S&P 500 ended the session nominally higher. Of the 11 major sectors of the S&P 500, six ended the session higher, led by industrials (.SPLRCI). "When the Fed repeats time after time what their priorities are and what they’re going to do, they’re going to do it." As of Friday, analysts expected aggregate S&P 500 earnings down 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the quarter, according to Refinitiv. The S&P 500 posted 2 new 52-week highs and no new lows; the Nasdaq Composite recorded 50 new highs and 155 new lows.

☆ Wall St fluctuates as investors weigh jobs report, earnings on tap
▼ + stars: | 2023-04-10 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"There’s clearly a disconnect between what the Fed is telling us they’re going to do and what the market believes the Fed is going to do," Pursche added. "When the Fed repeats time after time what their priorities are and what they’re going to do, they’re going to do it." As of Friday, analysts now expect aggregate S&P 500 earnings down 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the quarter, according to Refinitiv. Among the 11 major sectors of the S&P 500, communication services (.SPLRCL) and technology (.SPLRCT) suffered the largest percentage losses. The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 41 new highs and 131 new lows.

☆ Pioneer Natural jumps on report of buyout talks with Exxon
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

April 10 (Reuters) - Pioneer Natural Resources Co's (PXD.N) shares rose as much as 8.5% on Monday following a report that Exxon Mobil Corp (XOM.N) held preliminary talks with the U.S. shale oil producer about a possible acquisition. Shares of Pioneer were up 6.5% at $221.74, while Exxon Mobil inched up 0.2% to $115.25. Pioneer is the third-largest oil producer after Chevron Corp (CVX.N) and ConocoPhillips (COP.N) in the Permian basin, the biggest in the United States. Analysts believe Pioneer and other exploration and production companies could be acquired in the coming quarters given oil giants such as Exxon are looking to boost inventory. "Would not be surprised to see Exxon step up for PXD's scale and inventory depth in the Midland Basin, but the price tag will ultimately be based on the oil prices underwritten by Exxon.

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Charles Schwab Corp (SCHW.N) gained 3.3% after the financial broker on Thursday disclosed upbeat new client assets inflow in March. Pioneer Natural Resources Co (PXD.N) jumped 5.7% after a report that Exxon Mobil Corp (XOM.N) held preliminary talks with the company about a possible acquisition of the shale oil producer. Micron Technology Inc (MU.O) and Western Digital Corp (WDC.O) surged 7.9% and 8.9%, respectively, on Samsung Electronics Co Ltd's (005930.KS) plans to cut chip production. Declining issues outnumbered advancers for a 1.07-to-1 ratio on the NYSE and a 1.16-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and no new low, while the Nasdaq recorded 30 new highs and 108 new lows.

"One has to step back and look at a bigger picture than just these week-to-week market battles over data. Several economic indicators last week, including weak private payrolls and job openings data, had initially raised hopes of a pause to the market-punishing rate hikes amid the recent banking sector turmoil. Declining issues outnumbered advancers for a 1.48-to-1 ratio on the NYSE and 1.74-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and no new lows, while the Nasdaq recorded 13 new highs and 57 new lows. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Additional reporting by Medha Singh; Editing by Shounak Dasgupta and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

"One has to step back and look at a bigger picture than just these week-to-week market battles over data. ET, Dow e-minis were down 122 points, or 0.36%, S&P 500 e-minis were down 21.5 points, or 0.52%, and Nasdaq 100 e-minis were down 107.75 points, or 0.82%. Shares of regional banks slipped after Fed data on Friday showed overall credit from U.S. banks declined by a record of more than $120 billion in the latest week, on a nonseasonally adjusted basis. Semiconductor stocks such as Micron Technology Inc (MU.O) and Western Digital Corp (WDC.O) gained 5.5% and 4.7%, respectively, following Samsung Electronics Co Ltd's (005930.KS) plans to cut chip production. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Additional reporting by Medha Singh; Editing by Varun H K and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and more
▼ + stars: | 2023-04-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Micron Technology — Micron Technology's shares gained 8% after its rival Samsung Electronics announced that it plans to cut memory chip production in the near term. Excelerate Energy , EQT and other gas stocks — Shares of Excelerate Energy, EQT and other gas stocks ticked higher as natural gas futures climbed. Apple's stock price lost 2%, Google-parent Alphabet shed 2.8% and Microsoft lost 1.4%. New Fortress Energy — The stock gained 4% after Deutsche Bank initiated New Fortress as a buy. AMC's stock price popped 6.7%, IMAX soared by 2% and Cinemark gained 5.7%.

☆ Three Stock Lunch: Exxon, Micron and Charles Schwab
▼ + stars: | 2023-04-10 | 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: Exxon, Micron and Charles SchwabQuint Tatro, Joule Financial CIO, joins 'Power Lunch' to discuss Tatro's investing take on three stocks.

☆ Chip stock rally a bright spot Monday amid recession fears – listen to the 'Homestretch'
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Chip stock rally a bright spot Monday amid recession fears – listen to the 'Homestretch'Jim Cramer said Monday's broad rally in semiconductor stocks demonstrates the power exchange-traded funds have on market moves. He also discussed Exxon's reported interest in Pioneer Natural Resources, and its implications for oil stocks. A transcript will be added shortly.

☆ Jim Cramer's top 10 things to watch in the stock market Monday
▼ + stars: | 2023-04-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Pioneer Natural Resources (PXD) is the biggest independent oil exploration and production (E & P) play. Club holding Constellation Brands (STZ) reported an excellent quarter last week and gave you an 11% dividend increase. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Exxon Mobil is reportedly interested in buying Pioneer. Here's what it could mean for the Club oil name
▼ + stars: | 2023-04-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Pioneer Natural Resources (PXD) is an oil stock worth owning on its own merits. But a fresh report that Exxon Mobil (XOM) could acquire the Club holding would likely unlock even more value. "That's not to say if Exxon Mobil offered a 25% premium, it wouldn't be done. If you saw a 25% premium, I think that would bring them to the table because, let's be realistic, every independent wants to be acquired by Exxon Mobil." Pioneer's attractiveness stems in large part from its quality acreage and low oil price breakevens, at roughly $39 per barrel.

☆ Stocks making the biggest moves premarket: Micron, Pioneer Natural Resources, Tesla and more
▼ + stars: | 2023-04-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Pioneer Natural Resources – The stock popped 7% before the bell after the Wall Street Journal reported that Exxon Mobil has held informal talks to acquire Pioneer. Exxon shares fell 0.6%. Tesla – The electric vehicle stock fell nearly 2% before the bell. First Republic – Shares fell more than 3% after the regional bank suspended dividend payments on preferred stock. Taiwan Semiconductor Manufacturing – U.S.-listed shares of the Taiwan-based semiconductor stock fell nearly 1% before the bell after the company reported a monthly drop in revenue.

☆ Buying Pioneer would be iffy use of Exxon capital
▼ + stars: | 2023-04-10 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

And boss Darren Woods is on track to deliver nearly $10 billion of quarterly net profit with only $11 billion of net debt. All told, Pioneer is expected by analysts to generate about $7.4 billion of operating profit this year. Assume tight-fisted Exxon could manage the same proportion at Pioneer, and it would lead to some $1.8 billion of savings. Pioneer produced about 650,000 barrels of oil equivalent per day in 2022. The company expects total production to rise to 670,000 to 700,000 barrels of oil equivalent in 2023.

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