Kinder Morgan (KMI) Stock Edges Higher on Q2 Earnings Beat

Kinder Morgan (NYSE:KMI) reported its latest quarterly earnings results after the bell on Wednesday, which included an earnings beat despite the company posting a loss. For its second quarter of fiscal 2018, the oil and natural gas pipeline managing company brought in a loss of roughly $141 million, which amounted to about 8 cents per share after reporting a profit in its second quarter of fiscal 2017. On an adjusted basis, the company's earnings were a profit of 21 cents per share.

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Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide

The company's shares fell 2 percent in after-market trading, dragging shares of rival Century Aluminum Co down 1 percent. Alcoa now expects adjusted EBITDA to range between $3.0 billion and $3.2 billion, compared to its previous forecast of $3.5 billion to $3.7 billion. U.S. President Donald Trump imposed tariffs of 25 percent on imports of steel and 10 percent on aluminum on countries including Canada and Mexico and the European Union that went into effect in June.

When It Comes to General Electric Stock, Patience Will Be Rewarded

Much-maligned General Electric (NYSE:GE) stock is the most heavily traded stock in the market. According to Bloomberg, the average trading volume on GE stock in 2018 is a whopping 80 million shares a day. The spike in trading volume is mostly due to the fact that GE stock is a near-$10 stock (low price) that is widely covered and followed by the media, analysts and investors (lots of catalysts).

Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide

The company's shares fell 2 percent in after-market trading, dragging shares of rival Century Aluminum Co down 1 percent. Alcoa now expects adjusted EBITDA to range between $3.0 billion and $3.2 billion, compared to its previous forecast of $3.5 billion to $3.7 billion. U.S. President Donald Trump imposed tariffs of 25 percent on imports of steel and 10 percent on aluminum on countries including Canada and Mexico and the European Union that went into effect in June.

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AmEx 2Q profit rises, but there are worry spots on lending

NEW YORK (AP) — American Express said Wednesday that its second-quarter profit rose 21 percent from a year ago, as the credit card giant saw more customers spending on its namesake cards and a much lower tax rate.