Showing posts with label XOM. Show all posts
Showing posts with label XOM. Show all posts

Thursday, April 14, 2016

Today's Stock Market (2016.04.14)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq throughout trading hours (4:38pm ET)

  • Dow and S&P closed higher than yesterday, and Nasdaq closed lower than yesterday.
    • All three indexes were unstable throughout trading hours, and it gradually increased until middle of the day and then started declining until closing hours.
    • Although Nasdaq closed lower than yesterday, it wasn't a major crash.
  • Oil continued to stay around $41 per barrel
    • $41.36 per barrel (6:12pm ET)
International/U.S. Economy
  • Permex, Mexico's state owned giant oil company is suffering from cheap oil prices. The situation is so bad that the Mexican government had to spend $4.4 billion to aid the company.
  • While oil prices were a consistent issue throughout 2016, investors are concentrating on the meeting between World's major oil producers at Doha. Producers would have to choose if they will freeze oil production or not, and depending on the decision, the oil price would continue to rise or dramatically decline.
  • The number of application for H-1B visa, or visa for highly-skilled foreigners, have reached a new record of 236,000. This is 3000 more than 2015, and significantly more than 172,500 of 2014. 
Individual Analysis
  • Seagate Technology PLC (STX), a company that manufactures hard discs for computers, plunged 20.10% today as they released their preliminary third-quarter results which lowered expectations for both revenue and gross margin.
  • Chipotle (CMG) stocks rose 2.55% today. Different factors were involved, including the company's different efforts to bring back customers and their stocks being upgraded by JPMorgan.
  • As oil stocks continue to recover, stocks related with oil production are inclining. Exxon Mobil (XOM) rose 0.71% today and rose 3.71% for the last five days.

Thursday, March 17, 2016

Today's Stock Market (2016.03.17)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq throughout trading hours (4:33pm ET)

  • All three indexes finished higher than yesterday.
    • All three indexes were steadily inclining throughout the day, and they continued its rise from yesterday.
  • Oil price jumped up to $40 per barrel today
    • $40.34 per barrel (5:05pm ET)
International/U.S. Economy
  • As oil price rebounds to $40 per barrel and U.S. economy continues to improve, the Dow has finally turned positive today. Dow has recovered around 2000 points since the start of the year.
  • The Irish economy is booming. Their economy has grown 7% since last year, and despite the financial crisis and the great recession that they had to face, their economy is growing rapidly.
  • It turns out that labor price at China isn't that cheap compared to the U.S. According to Oxford Economics, the average labor costs of China is only 4% cheaper than U.S. labor costs.
Individual Analysis
  • Fedex (FDX) stocks surged 11.83% as they released their third quarter earnings report with good performances. The company's revenue increased 9% to 12.7 billion, and they showed earning of $2.51 per share, which was far better the expectation of $2.34 per share.
  • Energy stocks are continuing to rise as oil rebounds to $40 per barrel. Chesapeake energy (CHK) rose 9.11% today, and Exxon Mobil (XOM) rose 1.48%.
  • Chipotle (CMG) stocks were downgraded from "hold" to "underperform" by Jefferies as it's performance continued to decline due to the outbreak of E.Coli. Chipotle stocks declined 5.75% today during trading hours.

Monday, March 7, 2016

Today's Stock Market (2016.03.07)

Daily Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq during trading hours (4:33pm ET)
  • Dow and S&P closed slightly higher than yesterday, but Nasdaq closed lower than yesterday
    • Throughout the day the market was very inconsistent; indexes faced an major crash slightly after the middle of the day, but it managed to recover back.
  • Oil prices are continuing to recover; it reached more than $37 per barrel today.
    • $37.81 per barrel (2:45pm ET)
International Market
  • As overall stock markets including U.S. and China went unstable and oil prices continued plunging in 2016, gold, which is considered as a safe deposit, is rising. Gold has rose over 20% so far this year.
  • Although Brazil is facing its worst economic crisis this year, their stock market is showing great progress among other international markets. Brazil's market index, Bovespa, has rose 14.1% so far this year. Not only Brazil, but its neighbor, Argentina, also has a great market. Argentina's market index has rose 14.7% so far this year.
  • The Chinese government has set an economic growth target range of 6.5~7%. This is the first time since 1995 that Beijing has announced an economic growth target range. China's economic growth has decelerated, and its pace is slowest in 25 years.
Individual Analysis
  • Tech stocks aren't doing well today; Netflix (NFLX) failed to continue its incline since last Friday and experienced a major crash that was more than 6%. Not only that, but both Amazon (AMZN) and Facebook (FB)'s stock also experienced a decline of 3%.
  • Tesla (TSLA)'s stocks are finally rising back from the dead with oil prices going up. The company's stock experienced an 2.38% incline today (3:12pm ET), and it has experienced an rise of 7.37% for the last 5 days.
  • As oil price continues to rise back, oil related companies are experiencing a huge incline in share prices. Chevron (CVX) has rose 2.57% (3:14pm ET) today, and it rose 8% for the past 5 days. Exxon Mobil (XOM) has rose 2.15% (3:16pm ET) today.

Wednesday, March 2, 2016

Today's Stock Market (2016.03.02)

Overall Analysis
Dow, Nasdaq, and S&P by closing time (5:16pm ET)
Dow and Nasdaq throughout trading hours (5:16pm ET)
  • Dow and Nasdaq closed with higher points than yesterday, and S&P closed the same as yesterday
    • Unlike yesterday, all three indexes were very unstable throughout the trading hours
    • Dow and Nasdaq managed to finish higher than yesterday
  • Oil price continued to rise over $34 per barrel
    • $34.74 per barrel (11:43pm ET)
International market
  • Saudi Arabia is trying to take over the oil market of China, which was Iran's biggest oil market.
  • Asian stocks surged today; Japan's Nikkei (N225) rose 4% today, and China's Shanghai Composite (SHCOMP) jumped 4.3%, continuing the global up rise following the U.S.' standout day yesterday.
  • China's credit ranking is close to dropping down a rank; agency Moody's cut the outlook on China's credit ranking because of its rising debt levels
Individual Analysis
  • Tesla (TSLA) has plunged 3% since yesterday despite it was a great day for all markets; this is because it has become a target among wall street's most prominent short sellers.
  • Due to the continuation of low oil prices, Exxon Mobil (XON), the biggest oil company in America, has slashed its capital budget by $20 billion since its peak in 2013.