HOUSTON (Reuters) -Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil, the day after the top U.S. oil producer warned that reduced prices and margins could hurt quarterly results. Shares of Exxon declined 1.4% to $107.17 in midday trading. The earnings snapshot from the industry bellwether signaled a tougher quarter for oil producers, which will begin publishing results this month.
Major trading markets and the federal government will take a break Thursday to commemorate the life of former President Jimmy Carter.
Novo Nordisk's U.S.-listed and domestic shares rose Wednesday after analysts from UBS upgraded the Danish drugmaker's stock to "buy" from "neutral," calling the recent sell-off of the stock "overdone."
U.S. equites were slightly lower at midday as the market weighed the latest report on private sector employment and waited for the government's jobs report later this week.
Cal-Maine Foods shares climbed Wednesday after the egg producer reported better-than-expected results on higher egg prices and holiday season demand.
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Roth MKM analyst Joe Reagor initiated coverage on Brazil Potash Corp. (AMEX:GRO) with a Buy rating and a price target of $17, citing the company’s undervalued Autazes potash project. According to Reagor, Brazil’s heavy reliance on potash imports underscores the project’s importance, and favorable financing terms could unlock additional valuation upside. The Autazes project could supply 18% of Brazil’s potash demand, producing 2.4 million tons annually. As a major agricultural exporter and potash
Helen of Troy missed quarterly sales and net income forecasts and lowered its fiscal 2025 profit outlook as demand for beauty and wellness products declined.
Nvidia (NVDA) chief executive Jensen Huang doesn’t think useful quantum computers will be here anytime soon — and stocks are not reacting well to it.
Economic data out Wednesday showed the pace of hiring in the US economy continued to slow. But separate data indicated layoffs remain low, keeping the US labor market in a 'no hire, no fire' stasis.