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Chevron

Authored by ZanderVanDerMerwe
28.01.2022
Stock Squawk
0
2 min

Yesterday’s Movers:

  • XPeng Inc (XPEV) was down 12.57% as supply chain issues for Electric Vehicle companies remain a major concern 
  • Tesla Inc (TSLA) was down 11.55%as supply chain issues for Electric Vehicle companies remain a major concern 
  • Nikola Corporation (NKLA) was down 9.01%as supply chain issues for Electric Vehicle companies remain a major concern 
  • Netflix Inc (NFLX) was up 7.51% as an investor note disclosed the purchase of 3.1 million shares

Earnings Due:

StockSymbolAnnouncement dateRelease TimeEPS Estimate
Alibaba Group Holding LimitedBABA28/1/2022Estimated$1.95
Chevron CorporationCVX28/1/2022Estimated$2.19
Royal Caribean Cruises LtdRCL31/1/2022Estimated-$4.21
PayPal Holdings IncPYPL1/2/2022Estimated$1.08
Autohome IncATHM1/2/2022Estimated$0.72

Stocks to watch:

Chevron Corporation (CVX)

The oil and gas producer has been one of the stand out stocks for the year so far as USOil(USOil.ts) has recovered substantially over the last month seeing the commodity recovered from its low of $62.32 to $88 over the December and January, with a possibility of more upside to $90. 

Chevron is one of the companies that continue to thrive during the high inflationary period that we’re in, Crude Oil has been rising as inflation pressure continues to take charge with the supply issues that is experienced. The energy company broke to make new all time highs during the week and should continue as there’s no signs of inflation slowing down with the Fed still very much on the sidelines.

The fourth quarterly report is expected to be positive. Over the last 3 months estimates have been revised 16 upward as earnings are expected to continue to grow. Chevron released a $15B capex budget for 2022 up 20% from last year, including a $8B for current assets and development.

Authored by ZanderVanDerMerwe
28.01.2022
Stock Squawk
0
2 min
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