PSX News and Press, Phillips 66 From 08/21/23

2023-08-21 21:51:07 ET More on PBF Energy and Phillips 66: PBF Energy: Remain Bullish After Q2 2023 Earnings PBF Energy: Unlocking Value Amidst Refining Volatility Phillips 66: Maintain Buy Recommendation Following Solid Q2 Results Phillips 66: Results To Sho...

2023-08-21 10:49:35 ET Summary China's economic indicators are deteriorating, which is good news for the oil market and oil ETF investors. Chinese statistics show falling trade surplus, industrial production, and retail sales, indicating a struggling economy. The Chinese gover...

2023-08-18 05:00:37 ET As contrarian investors, we have no desire to buy the stock market while it’s hot. We wait for it to cool off. And cooling off it is. Three weeks ago, I warned that NVIDIA Corp (NVDA) was pricey. On cue, the stock sank 10%! It’s since bounced...

2023-08-16 14:16:54 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock market has entered a bit of a pullback over the past few weeks. That’s not too surprising, given the vigorous gains that the market enjoyed in the first half of 2023. That said...

2023-08-16 01:39:00 ET Summary Q2 was a resilient quarter on the earnings front (again) which saw both a beat rate and an earnings surprise rate reaching a multi-quarter high. The ‘Magnificent-7’ saw Q2 earnings of $67.1 billion (+38.5% y/y, +11.4 q/q). All thing...

2023-08-15 18:45:04 ET XOP And XLE: It's Time To Sell Some Energy Stocks And Reduce Risk Positive Momentum Is Accelerating For Oil XLE: The Rally Is Just Getting Started - Don't Exit Now For further details see: Oil slips to two-week low as China weakness out...

2023-08-15 17:55:19 ET Phillips 66 ( NYSE: PSX ) said it plans to cut 175 full-time employees and 100 contractors through 2024 from its global finance and procurement operations, Argus reported Tuesday. Another 155 employees in finance and procurement will remain at Phillips...

2023-08-15 12:35:45 ET Refiners including Valero Energy ( NYSE: VLO ) and Marathon Petroleum ( NYSE: MPC ) trade lower on Tuesday, -4.1% and -4.2% respectively, as Bank of America said it is taking a "strategic pause" on the sector after the group's strong performanc...

2023-08-15 09:53:55 ET Tudor Investment, the hedge fund founded by billionaire investor Paul Tudor Jones, exited its positions in VMware ( NYSE: VMW ), Booz Allen Hamilton Holding ( NYSE: BAH ) and Hormel Foods ( NYSE: HRL ) during the second quarter, according to ...

2023-08-14 17:53:02 ET During the second quarter, Elliott Management took new positions in Seadrill ( NYSE: SDRL ) with ~7.06M shares, Constellation Brands ( NYSE: STZ ) with 441K shares, NuStar Energy ( NYSE: NS ) with 28.4K shares, and Phillips 66 ( NYSE: PSX...