Chevron and ExxonMobil are expected to report a year-over-year decline in earnings per share.
) when they report quarterly results this Friday — in part due to falling natural gas prices and lower refining margins during the first three months of the year.
Investors will also be looking for updates on the oil majors' prospective acquisitions, including Exxon's dispute over the Chevron-Hess for almost $60 billion last year. The acquisition will allow ExxonMobil to double its footprint in the Permian Basin, the largest oil-producing region in the US.thanks to a 70% bump in production in Guyana. The results bode well for ExxonMobil, given its stake in the region.
Three top executives at Tesla have resigned in two weeks, with the latest departure at the end of its earnings callThe company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.It paid off nicely to dump stocks nearly a year before the dot-com and housing bubbles burst, B. Riley's Paul Dietrich said.
Shopify stock is an example of a millionaire-maker stock that is likely to continue to thrive in the long run. The post 3 Magnificent Stocks That Have Created Many Millionaires, and Will Continue to Make More appeared first on The Motley Fool Canada.
-- The swaps market is flashing warnings there could be a dash for dollar liquidity on a scale last seen at the start of the pandemic, according to Mizuho International Plc.
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