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PSX

Post 10/28 Earnings Announcement Analysis Post 10/28 Earnings Announcements $XOM, $CVX, $PSX, $AON, $CL $XOM - Exxon Mobile Reported EPS of $2.96/share - beat estimates of $2.20/share Earnings of $6.8B vs.($296M) in Q3 FY20' Revenue of $44.7B vs $45.4B down (1.54%) YoY Operating CF of $12.1B FCF was a record-setting $6.7B Returned $3.7B to shareholders in dividends Reduced debt by $4B - bringing debt/capital ratio to ~25% Up 1.76% after hours $CVX - Chevron Reported EPS of $2.96/share Revenue of $44.71B up +80% YoY Returned $6.2B to shareholders in dividends Repurchased $625M of stock Reduced Debt by $5.6B FY21 Spending down 22% YoY Net Oil-Equivalent Production rose to 3.03M bbl/day - up 7% YoY Up 1.64% after hours - up 34% YTD $PSX - Phillips 66 Reported EPS of $0.74/share - beat estimates of $0.60/share - up 163% YoY Earnings of $712M Revenue of $27.89B Operating CF of $1.7B Returned $841M to shareholders in dividends and share repurchases Announced new $3B share repurchase program Up 2.75x% after hours $AON - Aon Reported EPS of $1.53/share - up 14% YoY Revenue of $2.7B - down 13% YoY Income of ($801M) down (282%) YoY FCF of $1.14B - (40%) YoY Down (%2.52%) after hours $CL - Colgate-Palmolive Reported EPS of $0.75/share - down (7.0%) YoY Net Income of $681M down (9.4%) YoY Sales of $$4.4B - up 6.5% YoY Operating Profit of $976M - down (4.12%) YoY Operating CF of $2.2B Up 0.35% after hours
SP:SPX
by jnallain1
ES - 15Min / Setting up for a Reversal Gap(s) Below should be filled. Will Pirce hold up until Thursday, Apple Reports... Core Durable Goods @ 8:30 AM EST. We witnessed Sellers intent, Highs were SOLD in the Equity Complex. Price should chop along the Range at highs until it rolls back over. We anticipate the Lows to be tested and exceeded moving towards the 200SMAs. The VIX will need to complete its setup as will the VXN. This rushed move back to Highs was fueled entirely by Retail ETF INV Buyers and the Fute's Sellers. At present, they are gunshy, having been run and run quite hard. Swing Traders are yet to reposition in size. Expect wild swings in both directions into November, Ultimately, we believe the Indices give up the ghost and begin to trade lower. There are far too many Conditions within the Market Structure which do not support Price being Sustained much longer.
CME_MINI:ES1!
by HK_L61
1
ES - 4505 Breaks and Potential Fill to 436510 Year Note Yields are at it again. ST indicators were Overheated. A small countertrend correction is due. The Rising Wedge failed to continue as Momentum began to wane. A Gap FIll remains @ 73.42% on Thursday. The Range expands again 4365 - 4546 - 179 Handles Trade Safe in this Range, it will become violent in its movements. _________________________________________________________ We indicated Yields would be the catalyst for the next move down, the overnight Globex Highs for 10Yr @ 1.682. So far, muy bueno. *** I have reached my "TV Publishing Limit" - Commentary will be slow coming this morning.
CME_MINI:ES1!
by HK_L61
8
Crak'n Up - Refiners Are Not At A Level Worth Buying Yet"Refinery stocks are not ripe just yet, especially with crack spreads as weak as they are. We're already seeing three of the top four holdings in CRAK begin to roll over, including Marathon, Velaro, and Holly Frontier. Phillips 66 is the outlier. We continue to wait for CRAK to reach to range bottom with a confluence of crack spreads. If refiners continue to breakdown, we'll revisit prior to the summer gas demand season." CRAK intermediate TACVOL CRAK 31.88/26.16 MPC 71.04/56.04 PSX 104.02/82.85 HFC 67.49/45.38 VLO 92.70/69.64
AMEX:CRAK
by TheMacroStrategist
PSX Inverse Head and ShouldersPSX has completed an inverse Head and Shoulders pattern but failed to breakout above the neckline. It's possible that this could be due to the imminent earnings report which will be released BMO on Friday. In my opinion investors - traders are waiting for this release before entering a long position. PSX is once again approaching the neckline area and a nice beat on Friday could be the catalyst that is needed to push the price above the neckline towards $100. PSX has beaten the earnings estimates the last 5 quarters but looking at the chart, PSX typically does not seem to make huge moves one way or the other on earnings results. That being the case I still believe a nice beat on Friday could propel PSX toward the $100 area. I am currently long PSX but I am also waiting to see the earnings results before adding or reducing my position.
NYSE:PSXLong
by Bigsky_Crypto
MPC: Long term uptrend signal$MPC has an excellent long term uptrend signal at play here. If not long you should average in over 3 days at least, risking a drop to 43.42, or 3 daily average ranges down. Targets are 89.66 and potentially up to 143.09 in the long run, to be hit by or before Q4 2019. My mentor, Tim West has been adamant about $MPC's strengt, and so far he's been right. This stock has shown relative strength, selling off less than its peers and rallying more and with lower volatility, indicating that there are some big players involved, buying in the background. Fundamentals are great for this company, and valuation is compelling, so it's a really low risk trade. I'd reccomend holding this and $PBF for exposure in this sector. Good luck, Ivan Labrie.
NYSE:MPCLong
by IvanLabrie
PBF: Excellent 'Time at Mode' signalsPBF is tracing a downtrend, sadly, since it didn't bottom at the recent low...I had to take a loss on my recent entries, and I'll wait for it to hit the lower targets to reenter. My idea is perhaps to short put options at the target, and either get assigned, or get profit from the premium on expiry. Either way, it's a great trade if we take the long side. Fundamentals are good, and this is a good addition to any portfolio, we just need to time a good entry here and let it ride. The yield is worth it. Good luck, Ivan Labrie.
NYSE:PBFLong
by IvanLabrie
2
PBF: In an uptrend, buy dipsI'm looking to reenter PBF at support near the 27.55 mark. I've highlighted my recent trades in the chart, showing my exits and reentries. I'm adept at working like this instead of holding during corrections. I anticipate the turns based on price action around key levels, and the application of Tim West's 'self contrarian' signals that we use to time exits in good profits, or trail stops and add to positions. What we do is constantly asessing our own emotions regarding our positions, specially the winning ones, since this gives us a great edge in finding good profit taking zones, and determining when to reenter positions. I'd reccomend buying a position gradually near the 27.55 mark, starting as soon as Monday would be ok, but ideally the correction will last until December 14th which is what I estimate. I'd reccomend opening a 7% size position if we hit 27.55, and you can look to add once in profit confirming the rally. Entering over a week would be better. Good luck, Ivan Labrie.
NYSE:PBFLong
by IvanLabrie
2