Page 20 - Select Sector News Today

Regions Financial stock gains after profit, revenue rise above expectations, but NII comes up shy Shares of Regions Financial Corp. rose 0.4% in premarket trading Friday, after the Alabama-based regional bank reported first-quarter profit and revenue that rose above expectations, while net interest income came up shy. Net income increased to $642 million, or 63 cents a share, from $162 million, or 14 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 48 cent...

NOV Inc. warned Tuesday that first-quarter results would fall below previous estimates, as severe weather in Texas and Oklahoma and ongoing effects of the COVID-19 pandemic has led to softer-than-anticipated customer orders and disrupted operations. The provider of equipment to the oil and gas industry's stock was still inactive in premarket trading. The company now expects first-quarter revenue to be between $1.20 billion and $1.25 billion,...

OPEC’s decision lifts oil above the 2020 high US Energy policy supports the oil price ERX is the bullish trading product ERY goes the other way Sector rotation in markets can be a powerful force. Over the past years, energy-related stocks had been the dogs of the stock market, underperforming other share prices, and even the oil price. After reaching highs in 2014, most energy stocks made lower highs and lower lows. When the stock market exploded higher, the energy stocks lagged. When stocks...

GE stock rises as Morgan Stanley reiterates bullish call on potential GECAS deal, ahead of investor update MarketWatch 3/9/2021 MARKET PULSE Shares of General Electric Co. edged up 0.2% in afternoon trading Tuesday, but pared earlier gains of as much as 1.7% to a three-year intraday high, a day before the industrial conglomerates investor update. On Monday, the stock had rallied 4.2% to the highest close since May 2018 after The Wall Street Journal reported that GE was near a more-than $30...

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Rotation into financials favors smaller lenders. Volleyball’s a great collegiate sport, despite my alma mater’s abysmal record. One of the things that keeps the game interesting is player rotation. Each time a team wins a side out or gets possession of the serve, the new serving team rotates its players clockwise. Service, thus, isn’t dominated by a single team member. The same thing happens in the stock market, albeit with less regimentation. Certain industry sectors inevitably att...

Unconvincing Rally, U.S. Dollar, Fridays 800-Pound Gorilla, Playing Pepper Everything came up roses Monday -- except for what matters most, broad participation. Mar 02, 2021 | 07:54 AM EST All systems go? Not quite. You knew that Id find something wrong with Mondays rally. I mean everything came up roses -- except, that is, for what matters most, that being broad participation. Too bad. The prices sure did look nice. To make it stick, well need what is known as a "follow through" day an...

Big declines put investors on edge. Here's what to keep in mind.

Shares of Marathon Oil Corp. shot up 8.7% toward a one-year high in afternoon trading, enough to pace the S&P 500's gainers, after the natural gas company reported a narrower-than-expected fourth-quarter loss and provided upbeat outlook for capital expenditures and free cash flow (FCF). Trust analyst Neal Dingmann reiterated the buy rating he's had on the stock since mid-January, while boosting his price target by 25%, to $15 from $12. His new...

Big winners and losers on the same day could start a trend.