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Chart analyses suggest a clear direction in the S&P 500, energy and gold, Chris Verrone of Strategas says.
Stocks squeezed out small gains in lackluster trading Monday, with the S&P 500 closing at a new high, but a batch of mixed earnings reports and weaker-than-expected existing home sales kept a damper on gains.
*McDonald's says full-year results to be' challenged' by flat sales. NEW YORK, July 22- U.S. stocks were little changed on Monday following a gloomy earnings outlook from McDonald's and as investors booked profits after the S&P 500 index hit a closing high on Friday.
*McDonald's says full-year results to be' challenged' by flat sales. NEW YORK, July 22- Wall Street was set for a flat open on Monday following a gloomy earnings outlook frrom McDonald's and as investors booked profits after the S&P 500 index hit a closing high on Friday.
ZURICH- UBS's second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland's largest bank to two-year highs. ( SWITZERLAND/ BANKS, moved, by Katharina Bart and Martin de Sa' Pinto, 850 words).
*Q2 earnings per share 73 cents vs 72 cents expected. July 22- Halliburton Co, the world's second-largest oilfield services company, posted higher-than-expected quarterly profit as it made headway outside its home U.S. market, which has been turned upside down by a natural gas glut. Halliburton shares added 0.3 percent to $45.98 in premarket trading.
*McDonald's quarterly profit rises but stock falls in premarket trade. NEW YORK, July 22- U.S. stock index futures pared gains to trade flat on Monday, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high on Friday.
Some of the names on the move ahead of the open.
July 22- Halliburton Co, the world's second-largest oilfield services company, posted higher-than-expected quarterly profit as it made more headway outside its home U.S. market, which has been turned upside down by a natural gas glut. Halliburton shares rose 1.7 percent to $46.60 in premarket trading.
*McDonald's, Netflix and Halliburton earnings on tap. Netflix Inc and Halliburton Co are also due to report earnings later in the day. *The S&P 500 index on Friday edged up to end at a second straight record high, while the Dow and Nasdaq stock gauges fell as disappointing earnings results from Microsoft and Google dragged on the market.
CNBC’s Josh Lipton takes a look at three stocks investors need to keep an eye on for the next trading day.
After a two-week hiatus for summer break, Talking Squawk, the official "Squawk Box" blog, is back (lucky you) with all the tidbits, insights and sarcasm you expect.
July 19- A three-decade high for drilling activity outside North America lifted Schlumberger Ltd to its seventh straight estimate-topping quarterly profit, while U.S.-focused Baker Hughes Inc came up short in a tough quarter at home.
July 19- Schlumberger Ltd, the world's largest oilfield services company, posted a better-than-expected profit for the seventh quarter as drilling activity outside North America touched a 30- year high. Schlumberger shares rose 2 percent to $80 in trading before the bell on Friday.
Exploration and production companies are under pressure to reduce the amount of freshwater used in dry areas like Texas and to cut the high costs of hauling millions of barrels of water to oil and gas wells and later to underground disposal wells.
Most bidders in the Chicontepec basin auction signalled they wanted a higher fee per barrel than Pemex was willing to give for the private contracting scheme to turn around part of the big field, which has consistently fallen short of expectations.
POZA RICA, Mexico, July 11- Mexican state oil monopoly Pemex got a dismal response to an auction of contracts at one of its main oil fields on Thursday as the company seeks to find more investment to help boost flagging crude output.
A few oil-services stocks appear likely to remain profitable, TheStreet CIO Stephanie Link says.
Hedge fund titan Leon Cooperman came up with 10 ideas last year and all of the stocks have delivered returns. Will anybody at this year's Delivering Alpha conference match his record?