Showing posts with the label Week Ahead.

Week Ahead by CNBC: Earnings Season, Test for the Market and Value Stocks.

 Source: Earnings season is the next big test for the market and value stocks in the week ahead Patti Domm 6-7 minutes Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2021. Brendan McDermid | Reuters The market’s focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks compared to technology players. The earnings period could test a theory that value and cyclicals are set to outperform tech stocks. It will also be a time when investors get a firsthand look at how companies are dealing with inflation, which rose 7% on an annualized basis during the final month of 2021 , as measured by the consumer price index. “Earnings are expected to come in at 20% growth year-over-year. The companies will probably beat that ... and will come in at 25% to 30%,” said Jonathan

IG Video | Week Ahead

Week Ahead: 21-25 January By Jonas Crosland 4 minutes Welcome to the week ahead, our summary of the forthcoming key company announcements. Companies are no longer obliged to notify the London Stock Exchange (LSE) of results and trading updates, so this list does not claim to be comprehensive. You can read company announcements at and our daily online news summaries record all key company announcements and business press headlines. Monday 21 January Trading statements: BHP, William Hill AGMs: Avacta, easyHotel EGM: Plus500 Economics: Rightmove house prices Companies paying dividends: Aberdeen Standard Asia Focus (17p), Aberdeen Standard Equity Income Trust (5.5p), Bonmarché (2.5p), Cambria Automobiles (0.75p), Sainsbury (J) (3.1p) Tuesday 22 January Interims: Accrol, IG Finals: Velocity Composites Trading statements: Cairn Energy, Close Brothers, Dixons Carphone, easyJet, Halfords AGMs: Mitch

Venezuela settles $1.2 billion creditor claim to protect Citgo

FILE PHOTO: PDVSA's U.S. unit Citgo Petroleum refinery is pictured in Sulphur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo (Reuters) - Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will protect its crown jewel foreign asset, the Houston-based Citgo Petroleum Corp refining business, from being stripped away by a creditor, according to Canadian court documents. The deal with Crystallex International Corp suspends the Canadian mining company’s push for a court-ordered auction of control of Citgo as a way of collecting on an arbitration award against Venezuela that has grown to more than $1.4 billion with interest. Reporting by Tom Hals in Wilmington, Delaware; Editing by David Gregorio Source: Reuters