As the third-quarter earnings season unfolds, analysts on Wall Street have come out in favor of a group of stocks they believe will outperform.» Read More
July 30- U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit as its refining margins rose due to a steep fall in crude oil prices. Valero said on Thursday that it was on track to start operations at two light crude processing units at the Corpus Christi and Houston refineries in the first quarter of 2016.. Net income from continuing...
July 30- U.S. refiner Valero Energy Corp's quarterly profit more than doubled as refining margins rose due to a steep fall in oil prices. Net income from continuing operations attributable to Valero's stockholders rose to $1.35 billion, or $2.66 per share, in the second quarter ended June 30 from $651 million, or $1.22 per share, a year earlier.
Refiners made billions by turning half of that extra supply into products such as gasoline and diesel that could be freely exported to countries including Brazil and Colombia. That is equivalent to the combined imports by Brazil and Ecuador, two of the biggest buyers of U.S. fuel, in the first four months of the year. To be sure, struggling economies, such as...
With gas futures falling, food retailing stocks are celebrating. Here's why.
Some of the names on the move ahead of the open.
Check out the companies making headlines after the bell Monday: Valero, Navient & more.
"Fast Money" traders discussed how to trade a possible dip in oil prices as the U.S. rig count climbed by one.
The unofficial start of the earnings season kicked off Wednesday, as Alcoa reported second-quarter results after the market close.
"Fast Money" traders discussed how to play oil stocks as the commodity's price continues to fall.
Options expert Dan Nathan explains a bearish bet in Valero.
"Fast Money" traders discussed which stocks to buy as U.S. crude oil fell to its lowest level since April.
Your first trade for Monday, July 6
SINGAPORE, June 24- Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Up to four tankers were expected to carry nearly 3 million barrels of Russia's ESPO crude from Kozmino near...
SINGAPORE, June 24- Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices as they look to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Up to four tankers were expected to carry nearly 3 million barrels of Russia's ESPO crude from...
June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...
As energy stocks continue to gain favor among investors this year, here are the names that could be set to rally.
Goldman Sachs and other Wall Street firms warned clients to not expect much more out of the overall stock market for the rest of the year.
As crude has soared off its lows, one trader is betting big on one name in particular.
With the S&P 500 advancing 11 percent since last year's Sohn Investment Conference, here's a rundown on the winners and losers for the year.
A group of companies in the S&P 500 has boosted dividend payments at an unusual rate.