How Will Energy Stocks Respond to This Earnings Season

By the time you read this, it is likely that the two largest American oil companies, Exxon Mobil XOM and Chevron CVX, will have reported their calendar Q1 results, due out on Friday morning. We cannot know at this point exactly what they will say, but based on analysts’ estimates we can be pretty sure that both will report EPS that is significantly less than they showed in the same quarter last year.

However, that all also depends on interest rates around the world, and with the Fed seeming increasingly reluctant to cut any time soon, that could introduce some doubt about demand. Over the next few days, as big oil companies report, they will give their views. Should they have a slightly less positive view than do I and Standard Chartered, their stocks could get hit hard.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Morgan Stanley Says to Buy Energy Stocks Right NowMorgan Stanley remains pessimistic about the U.S. stock market overall; however, MS hasupgraded energy stocksto overweight from neutral
Source: OilandEnergy - 🏆 34. / 68 Read more »

Hedge Funds Dump U.S. Energy Stocks to Buy Crude OptionsFollowing a rally in energy stocks, hedge funds have been selling off oil company shares and piling into crude oil options.
Source: OilandEnergy - 🏆 34. / 68 Read more »