Month: February 2019

Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8.9 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers reportedly did not meet Papa John’s valuation expectations. Exxon Mobil — Shares of Exxon Mobil
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Home Depot. Karen Finerman was a buyer of FedEx. Dan Nathan was a buyer of Canada Goose. Guy Adami was a buyer of GW Pharmaceuticals. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, AMZA, ACB, APC,
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Chevron reported quarterly profits that topped Wall Street’s expectations, as a drop in earnings in its main business lines from a year ago were offset by lower expenses. Shares of the company were up 1.4 percent at $116.30 in premarket trading. Chevron’s profit for the final quarter of 2018 jumped nearly 20 percent to $3.73
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Oil production increased 4 percent, driven by growth from the Permian Basin, the top U.S. shale field underlying western Texas and southeastern New Mexico. Natural gas production was down as Exxon shifts away from producing the fossil fuel in the U.S. Analysts were closely watching Exxon’s headline oil and natural gas output. The Irving, Texas-based
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Check out the companies making headlines before the bell: Merck – Merck earned an adjusted $1.04 per share for the fourth quarter, beating estimates by a penny a share. Revenue came in very slightly above Wall Street forecasts. Sales of the company’s Keytruda cancer drug jumped 66 percent from a year earlier. Cigna – The
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Antivirus software maker Symantec shares rose in extended trade on Thursday after beating profit and revenue estimates in the December quarter and raising guidance on strong enterprise and consumer businesses. The company also announced that its Chief Financial Officer Nicholas Noviello will be stepping down to pursue other opportunities, following a slew of key executive
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Forget FANG — so far in 2019, the cloud kings are the technology sector’s real winners, CNBC’s Jim Cramer said Thursday after a strong, growth-filled earnings report from enterprise-facing cloud company ServiceNow. “These days, if you want performance, the cloud kings and their smaller heirs apparent, the cloud princes, are where it’s at,” Cramer said
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