3 Big Stock Charts for Monday: Wells Fargo, Philip Morris and Gilead Sciences

23 Jul by Vitaliy Dadalyan Tags:

3 Big Stock Charts for Monday: Wells Fargo, Philip Morris and Gilead Sciences

What an end to the week! Although the overall market only lost a tiny amount of ground on Friday, the day's big winners were huge, as were its losers. Skechers (NYSE:SKX) tumbled to the tune of 21% after it missed last quarter's earnings estimates and suffered a string of downgrades. Meanwhile, Cleveland-Cliffs (NYSE:CLF) shares jumped more than 12% on its blowout second-quarter numbers.


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22 Jul by Vitaliy Dadalyan Tags:

Energy giants opening natural gas spigots, fueling profit rise

The world's largest oil companies are pumping more natural gas than ever before, helping to spur a rise in profits while sating rising global demand for fuels that can mitigate global greenhouse gas emissions. Now, the rise of gas-powered electric generation, surging production from U.S shale fields and the burgeoning liquefied natural gas (LNG) industry that makes shipping the fuel possible, have conspired to create a boom. BP Plc , Exxon Mobil Corp , Royal Dutch Shell Plc , Total SA and Chevron Corp have collectively increased natural gas output 15 percent in the past decade thanks to better technology and lower costs, according to data from Wood Mackenzie energy consultancy.


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