Good MorningThe S&P 500 was advanced to set another new high. The market has accepted the Fed's policy stance and is focused on S&P 500 earnings growth. The index is growing its earnings power, and growth is expected to accelerate over the next four quarters, providing a powerful tailwind for the market. While the outlook for rate cuts and inflation is a worry, the fundamentals remain positive. Economic activity is expanding, and the labor markets are healthy, leaving the market nowhere to go but up.
The question is how high the S&P 500 can go. The technical picture is robust and suggests a move to 6,100 is possible. The timing of the move and how long it will stay at that level depend on the data and the Fed, but the target may be reached by late this year or early 2025. Price corrections are likely between now and then, but each should be treated as a buy-the-dip opportunity provided no significant changes in the economy or earnings outlook. Featured: Could Elon’s New Device be Bigger than the iPhone? (InvestorPlace) 
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Shares of Broadcom Inc. (NASDAQ: AVGO) soared 15.3% in the after-market hours of Wednesday evening. The reaction came after the company reported its second quarter 2024 financial results, which were better than expected, to say the least. Some in the financial markets thought that only technology ... Read the Full Story |
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Shares of Walmart Inc. (NYSE: WMT) are reaching a new all-time high this week after analysts at HSBC decided to boost their price targets on the stock higher. Seeing the company’s valuation as high as $81 a share, daring the stock to rally by an additional 22.2% from its already elevated lev... Read the Full Story |
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C3.ai (NYSE: AI) has been garnering attention lately, with many investors wondering if the company could emerge as a leader in the AI field, if it is simply a sleeping giant waiting to be awakened, or if it has come too far too soon and is due for a pullback. Its RSI is now hitting 73.
To a... Read the Full Story |
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Markets | | | U.S. stocks hung around their record levels on Friday as Wall Street remained relatively quiet following another slide in Europe.The S&P 500 edged down by less than 0.1%, marking the first time this week where it did not set an all-time high. The Dow Jones Industrial Average dipped 57 points, or... Read the Full Story |
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Markets | | | Wall Street rallied Thursday as Argentina's President Javier Milei traveled to Italy for the Group of Seven summit, buoyed by his first legislative victory after the Senate passed sweeping proposals to slash state spending and boost his powers.Having hitched his political fortunes to the goal of cut... Read the Full Story |
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From Our PartnersFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…
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Dave & Buster’s Entertainment’s (NASDAQ: PLAY) Q1 report left something to be desired but did not give sufficient reason to sell off the way it did. While sales are sluggish and margins are weakened, mitigating factors include remodeling efforts, investments in efficiency and growt... Read the Full Story |
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Markets | | | Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it's been much of this year.The rate fell to 6.95% from 6.99% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.69%.Borrowing costs... Read the Full Story |
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Markets | | | WeWork has officially emerged from bankruptcy. And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success.Once a Wall Street darling promising to revolutionize the world of work, WeWork took a stunning — but anticipated — fall last Nove... Read the Full Story |
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Markets | | | Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral. Details of the deal were being hashed out by G7 leaders at their su... Read the Full Story |
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The Federal Open Market Committee (FOMC) didn’t exactly give the market what it wanted, but the policy statement and outlook have the S&P 500 (NYSEARCA: SPY) on track to hit new highs. High inflation and high interest rates aside, the US economy is growing, labor markets are healthy, a... Read the Full Story |
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Friday's Early Bird Stock Of The Day Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas. | Should I Buy Occidental Petroleum Stock? OXY Bull and Bear Case Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Occidental Petroleum was last updated on Thursday, February 20, 2025 at 12:28 AM.
Occidental Petroleum Bull Case -
Occidental Petroleum Co. reported earnings per share of $0.80 for the latest quarter, exceeding analysts' expectations of $0.67, indicating strong financial performance.
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The company has recently increased its quarterly dividend from $0.22 to $0.24 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend yield of 1.88%.
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Insider buying activity has been notable, with major shareholder Berkshire Hathaway Inc. purchasing over 763,000 shares recently, suggesting confidence in the company's future prospects.
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Analysts have a consensus target price of $61.71 for Occidental Petroleum Co., indicating potential upside from the current stock price, which is around $46.82.
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With a net margin of 15.89% and a return on equity of 15.98%, the company demonstrates effective management and profitability, which are attractive traits for investors.
Occidental Petroleum Bear Case -
The company reported revenue of $6.84 billion, which fell short of the consensus estimate of $7.14 billion, indicating potential challenges in meeting market expectations.
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Recent analyst downgrades, including a reduction in price targets by firms like Goldman Sachs and StockNews.com, suggest a cautious outlook on the stock's performance.
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Insider ownership is relatively low at 0.48%, which may indicate less alignment between management and shareholder interests compared to companies with higher insider ownership.
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With three analysts rating the stock as a sell and twelve as a hold, the overall sentiment among analysts is mixed, which could lead to volatility in stock performance.
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The company's dividend payout ratio is currently at 22.92%, which, while sustainable, may limit the potential for future dividend increases if earnings do not grow significantly.
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