Disclaimer. I did, for the first time in my life, buy some shares in RDS-B about six months ago. They will become a long-term holding and I will add to these shares over time but I have no plans to buy any more shares in the immediate future. I will wait for the 15% correction that CNBC seems to keep talking about. LOL. Their senior markets commentator keeps suggesting that the market may "overshoot" (whatever that means).
Shell, from The [London] Telegraph via Yahoo!Finance:
Royal Dutch Shell is set to unveil its highest earnings since the oil market collapse this week, just one year after the oil major’s lowest profits in more than a decade.
The Anglo-Dutch oil group’s efforts to overhaul its portfolio during the depths of the oil market rout are expected to be turbo-charged by the recovery in oil prices to over $65 a barrel last year, from under $30 a barrel at their lowest point in early 2016.
Analysts predict the group’s earnings on a “current cost of supply” basis will be more than $15.7bn (£11bn) for 2017 from just $3.5bn (£2.5bn) the year before. The final quarter of last year is expected to generate higher earnings than the whole of 2016 at $4.2bn (£3bn).
Dow futures: futures mean squat, but Dow futures are green and have been improving since 6:00 p.m. EST earlier this evening.The startling turnaround from Shell’s disappointing 2016 results, which were even lower than in 2015, comes in the wake of a diligent focus on financial discipline following the mega-deal to take over BG Group, the gas giant, at the depths of the market rout.
AAPL: earnings to be reported after market close on February 1, 2018. Apple, Inc, predicted in November, 2017, this quarter (ending December, 2017) will be its biggest quarter ever.
AAPL: initial reviews of the HomePod suggest it's knocking the socks off those who have tried it. Exceeding expectations across the board. Disclaimer: I am an Apple fanboy; fanboy #3 to be exact.
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