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2024 - 5 - 29

The Stock Market Buzz: ConocoPhillips Acquires Marathon Oil in $17.1 Billion Deal

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ConocoPhillips makes a groundbreaking move in the stock market by acquiring Marathon Oil in a massive all-stock deal worth $17.1 billion. Find out more about this intriguing acquisition!

In a groundbreaking move in the stock market, ConocoPhillips has announced its acquisition of Marathon Oil Corporation in an all-stock deal valued at $17.1 billion. This acquisition is expected to have an immediate positive impact on ConocoPhillips' earnings, cash flows, and return of capital per share. The deal will see Marathon Oil stockholders exchanging each share for 0.255 shares of ConocoPhillips, representing a significant premium.

This acquisition will add a substantial 2 billion barrels of resources to ConocoPhillips' portfolio, extending its reach in key shale fields in Texas, New Mexico, and North. The takeover signifies a trend of consolidation sweeping the oil industry, with major players strategically acquiring smaller rivals to strengthen their positions.

Meanwhile, the stock market witnessed a slight downturn as the Dow Jones Industrial Average fell 0.9%, the Nasdaq Composite slipped 0.4%, and the S&P 500 decreased by 0.6%. The choppiness in Nvidia's stock was a cause of concern for traders, contributing to the overall decline in the market.

In other news, Chewy Inc. experienced a significant surge in its stock value following another quarterly earnings beat and a $500 million buyback announcement. This positive performance highlights the company's strong market presence and investor confidence in its growth prospects.

Did you know that ConocoPhillips' acquisition of Marathon Oil is one of the largest all-stock deals in recent years? This move signals a shift in the energy sector's landscape and sets the stage for potential industry transformations. Additionally, Chewy Inc.'s remarkable stock rally showcases the power of consistent earnings performance in driving investor enthusiasm and market success.

ConocoPhillips to acquire Marathon Oil Corporation in all-stock ... (ConocoPhillips)

Download .PDF Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share.

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ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal ... (WEAU)

The deal is valued at $ ...

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Jim Cramer's top 10 things to watch in the stock market Wednesday (CNBC)

CEO Marc Benioff joins me on Mad Money tonight at 6 p.m. ET. 3. Cloudflare co-founder and CEO Matthew Prince is recasting the ...

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ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that ... (CNBC)

The acquisition will add 2 billion barrels of resources to ConocoPhillips' portfolio, extending its reach in shale fields in Texas, New Mexico and North ...

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ConocoPhillips to Acquire Marathon Oil in $17.1 Billion All-Stock Deal (The Wall Street Journal)

Under the terms of the agreement, Marathon Oil stockholders will exchange each share for 0.255 shares of ConocoPhillips, representing a nearly 15% premium based ...

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Dow Jones Today: U.S. Stocks Fall as Treasury Yields Rise ... (Investopedia)

The Dow Jones Industrial Average fell 0.9%, while the Nasdaq Composite fell 0.4% and the S&P 500 slipped 0.6%. Treasury yields continued to rise after climbing ...

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ConocoPhillips to Acquire Marathon Oil in $22.5 Billion All-Stock Deal (The New York Times)

The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.

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Stock market today: Wall Street wilts to trim its big gain for May (The Associated Press)

The S&P 500 was 0.5% lower in afternoon trading and sinking further from its record set last week. The Dow Jones Industrial Average was down 363 points or 0.9%, ...

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Dow tumbles nearly 400 points, S&P 500 declines as little outside of ... (CNBC)

Stocks slid Wednesday as choppiness in artificial intelligence darling Nvidia put one of the last few bright spots for traders at risk.

Chewy's stock soars as profit beats again, $500 million buyback ... (Morningstar.com)

Shares of Chewy Inc. soared toward their best day in a year on Wednesday, after the online pet products seller reported another quarterly earnings beat, amid ...

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Dow Jones Sells Off 400 Points Ahead Of Fed Report; Nvidia Falls ... (Investor's Business Daily)

After the opening bell, the Dow Jones Industrial Average lost 0.9%, while the S&P 500 fell 0.7%. The tech-focused Nasdaq composite dropped 0.5% in morning ...

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Stock market today: Dow leads stock slide as rising Treasury yields ... (Yahoo Finance)

A spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.

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Chewy's stock is having its best day ever after yet another earnings ... (MarketWatch)

Shares of Chewy Inc. soared toward a record rally on Wednesday, after the online pet products seller reported another quarterly earnings beat, amid strength ...

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ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal ... (WLOX)

The deal is valued at $ ...

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Stock Market Today: Dow Drops More Than 300 Points; American ... (The Wall Street Journal)

Earnings are due from HP and Salesforce. Follow for live updates on stock and market movements, including the Dow Jones Industrial Average, ...

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American Airlines stock tanks following 'surprising' guidance cut (Yahoo Finance)

American Airlines stock is getting hit in midday trade after the company announced the departure of Vasu Raja, its chief commercial officer, ...

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Stock Market Today: Dow Down 400 Points; American Airlines ... (Barron's)

The CBOE Volatility Index, or VIX, was up 6%. Traders were reacting to uncertainty around the future path of interest rates. Bond yields were higher, with the ...

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Why ConocoPhillips Stock Is Falling Today (Yahoo Finance)

Shares of ConocoPhillips (NYSE: COP) tumbled this morning and were trading 3.5% lower as of 11:30 a.m. ET on Wednesday. With several of its peers on a ...

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Salesforce Earnings Beat, Revenue Light. Weak Guidance Sends ... (Investor's Business Daily)

With software stocks already struggling, Salesforce (CRM) on Wednesday reported first-quarter earnings that topped estimates while revenue missed.

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Stock market today: Dow leads stock market slide as rising Treasury ... (Yahoo Finance)

Stocks are sliding as investors contemplate a jump in US bond yields after a government debt auction flopped, reflecting worries that the Federal Reserve will ...

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Stock Market Today: Dow, S&P 500 Close Lower; Treasury Yields ... (The Wall Street Journal)

Salesforce stock tumbled Wednesday after the company reduced its outlook for subscription and support revenue and issued a downbeat forecast for the current ...

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Stock Market Today: Dow Dives 411 Points as UnitedHealth Slumps (Kiplinger's Personal Finance)

The main indexes pulled back Wednesday with health insurer UnitedHealth creating the biggest drag on the blue chip Dow.

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This Stock Fund Is Trouncing the Marketโ€”and Trading Just Once a ... (Morningstar.com)

Hennessy Cornerstone Mid Cap 30 Fund has chalked up big returns with winners such as Abercrombie & Fitch and Super Micro Computer.

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Chewy Stock Catapults Above Key Level On Earnings, Buybacks ... (Investor's Business Daily)

Chewy earnings tripled and the pet supplies site announced a $500 million buyback. Chewy stock soared on signs of a pet market recovery.

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What to Watch Out For After Salesforce Stock's Post-Earnings Plunge (Investopedia)

Salesforce shares plunged more than 16% in extended trade on Wednesday after the cloud-based software company reported its first quarterly revenue miss in ...

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What's Next For AI Investing: Taking Cues From Nvidia's Earnings ... (Forbes)

Nvidia reported earnings recently. Many investors use Nvidia as a sign of what's to come in artificial intelligence. We examine what the outlook of AI is ...

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Stock futures slide as Salesforce tumbles on revenue miss and soft ... (CNBC)

Traders work on the floor of the New York Stock Exchange during morning trading on May 24, 2024. Michael M. Santiago | Getty Images. U.S. stock futures fell ...

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Stock Market Today: Dow Futures Fall; Bond Yields Stabilize (The Wall Street Journal)

Earnings are due from Best Buy, Costco, Dell and Dollar General. Follow for live updates on stocks and markets, including the Dow Jones Industrial Average, ...

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Salesforce's stock tumbles as earnings provide latest dose of ... (MarketWatch)

The stock could see its steepest daily decline since 2008 as the company experiences โ€œelongated deal cycles, deal compression and high levels of budget...

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Stock Market Today: Dow, S&P 500 Set to Open Down; Salesforce ... (Barron's)

Nasdaq Futures are also falling in premarket trading Thursday amid high Treasury yields. · What to Watch Today · Key Events · Latest Updates.

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US Stock Futures Drop as High Yields Sour Mood: Markets Wrap (Yahoo Finance)

(Bloomberg) -- US stocks were poised to extend their retreat as Treasury yields near the highest level this year fanned concern about restrictive monetary ...

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Dow Jones Futures Fall As Salesforce Plunges After Stock Market ... (Investor's Business Daily)

Dow Jones futures fell early Thursday, along with S&P 500 futures and Nasdaq futures with Dow giant Salesforce.com (CRM) tumbling overnight.

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Should You Buy Nvidia Before the June 7 Stock Split? (Motley Fool)

Each Nvidia share soon will be worth a lot less, due to the stock split. Nvidia (NVDA 0.81%) dominates the artificial intelligence (AI) chip market, and ...

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Stock splits: The strange exception where a lower stock price can be ... (The Associated Press)

NEW YORK (AP) โ€” In some rare cases, a lower stock price can actually be a boon for investors. Consider Nvidia, the chip company whose stock price has soared ...

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Better AI Stock: Nvidia vs. Snowflake (Motley Fool)

Which of these high-growth tech stocks is the better buy right now?

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Dow Jones Futures Slide Ahead Of Jobless Claims, GDP ... (Investor's Business Daily)

Dow Jones futures, along with the other major indexes, dropped Thursday morning ahead of weekly unemployment claims and quarterly GDP data.

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Stock market today: Wall Street lower on interest rate anxiety ahead ... (The Associated Press)

Futures for the S&P 500 slipped 0.4% before the bell, while Dow Jones Industrial Average futures sank 0.9%. There's been little economic data this week to ...

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When does the Nvidia stock split happen? What you need to know (USA TODAY)

Tech giant Nvidia is taking advantage of a strong opening to the year with a 10-for-one stock split. The artificial intelligence and computer hardware ...

Salesforce's 'increasingly visible' weakness could spur a stock drop ... (Morningstar.com)

By Emily Bary. Salesforce's stock sinks as the company has investors rethinking its growth outlook. Investors searching for more reason to be cautious about ...

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Stock splits: The strange exception where a lower stock price can be ... (ABC News)

A lower stock price can actually be a boon for investors in some rare cases. BySTAN CHOE AP business writer. May 29, 2024, 12:59 PM.

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Dow Slumps 380 Points As Salesforce Stock Suffers Worst Loss ... (Forbes)

The Dow Jones Industrial Average faltered Thursday thanks in large part to a massive selloff for software giant Salesforce, as rosy artificial intelligence ...

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Salesforce Stock Plunges on Q1 Revenue Miss, Soft Outlook (Kiplinger's Personal Finance)

Salesforce stock is down after reporting weak first-quarter revenue and a soft Q2 outlook. Here's what you need to know.

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Stock market today: Dow extends slide as lackluster earnings, rate ... (Yahoo Finance)

Lingering concerns about higher-for-longer interest rates and a Salesforce sell-off put a damper on investors' spirits.

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Stock Market Today: Salesforce Earnings Drag Dow Down 330 Points (Kiplinger's Personal Finance)

Salesforce notched its biggest one-day loss in nearly 20 years after the SaaS firm's Q1 revenue fell short.

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Dow Jones Drops 307 Points, But Small Caps Rebound; Robinhood ... (Investor's Business Daily)

Stocks traded mixed Thursday. Dow Jones component Salesforce led a fall in techs and large caps on the stock market today. A few broke out.

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Stock market today: Most of Wall Street rises, but falls for some big ... (WOWK 13 News)

NEW YORK (AP) โ€” Most U.S. stocks rose Thursday, but indexes nevertheless stumbled because of sharp drops for some influential technology giants.

Birkenstock Holding Stock Sees RS Rating Step Up (Investor's Business Daily)

Birkenstock Holding stock saw a welcome improvement to its Relative Strength Rating on Thursday, with an increase from 65 to 72.

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This software stock is quietly one of the best tech stocks of the ... (CNBC)

Cadence Design Systems is a "high-quality growth compounder" that's "well levered to AI," analyst Vivek Arya said.

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Wesco Declares Quarterly Dividend on Common Stock and ... (PRNewswire)

PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding ...

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