Market pro names stocks that could do well with margins under pressure

Profit margins are getting squeezed as inflation remains at elevated levels, with a slew of companies — including Walt Disney , PepsiCo and Spotify — all warning of margin pressures, casting a pall over earnings growth in the quarters ahead. Patrick Armstrong, chief investment officer at Plurimi Wealth, believes this is the “biggest risk” for … Read more

SMART-TD votes down labor deal as rails move closer to national strike

An aerial view of shipping containers and freight railway trains at the BNSF Los Angeles Intermodal Facility rail yard in Los Angeles, California, September 15, 2022. Bing Guan | Reuters SMART-TD, one of the largest railroad labor unions, voted down the tentative agreement with rail management, raising the likelihood of a strike in December. The … Read more

Despite chaos, UK stockpickers are rubbing their hands: Here’s what they’re buying

The U.K. has been beset by political and economic instability in recent months, but as the investment environment undergoes a fundamental transition, investors see opportunity. The makeup of the U.K.’s FTSE 100 differs considerably from many major developed markets, in that it is heavily-weighted toward consumer staples, financials and materials, but contains very little by … Read more

Oil giant Aramco reports record first quarter as oil prices soar

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said net income rose 82% to … Read more

Putin’s invasion of Ukraine will knock the Russian economy back by 30 years

Russia’s Prime Minister Vladimir Putin addresses a rally at the Manezhnaya Square just outside the Kremlin in Moscow, late on March 4, 2012. Dmitry Astakhov | AFP | Getty Images WASHINGTON — Vladimir Putin’s unprovoked war on Ukraine and the resulting global response will set Russia’s economy back by at least 30 years — close … Read more

BP offloads stake in Russia’s Rosneft

The Kremlin is reflected in the polished company plate of the state-controlled Russian oil giant Rosneft at the entrance of the headquarters in Moscow, Dmitry Kostyukov | AFP | Getty Images British energy giant BP announced Sunday it was offloading its 19.75% stake in Rosneft, a Russian-controlled oil company. BP CEO Bernard Looney and former … Read more

Oil giant BP swings to huge profit as soaring commodity prices drive up earnings

The BP company logo is seen outside a petrol station on September 23, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Oil and gas giant BP on Tuesday reported a massive upswing in full-year net profit, supported by soaring commodity prices. The British energy major posted underlying replacement cost profit, … Read more