|Bid||0.00 x 36100|
|Ask||0.00 x 45100|
|Day's range||10.18 - 10.70|
|52-week range||9.63 - 15.42|
|Beta (5Y monthly)||1.69|
|PE ratio (TTM)||6.71|
|Earnings date||31 Jan 2024 - 05 Feb 2024|
|Forward dividend & yield||0.60 (5.85%)|
|Ex-dividend date||31 Oct 2023|
|1y target est||11.93|
Occidental Petroleum (OXY) is reportedly in talks to acquire oil producer CrownRock in a deal estimated above $10 billion, according to the Wall Street Journal. The potential buyout follows other companies like Chevron (CVX) and Exxon (XOM) also investing in shale assets to scale output. Ford (F) trimmed its 2023 profit outlook citing higher than expected labor costs from the recent UAW contract. It now forecasts adjusted pretax earnings between $10 billion and $10.5 billion, down from $11 billion to $12 billion previously estimated. Vinfast Auto (VFS) shares closed higher Thursday afternoon, after the Vietnamese automaker announced it will debut its latest VF 9 electric model at the COP28 climate summit. The event presents an opportunity to boost Vinfast’s global brand alongside policymakers and sustainability leaders amid uncertainty in the EV market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Ford (F) reinstated its full-year guidance after suspending its forecast last month amid ongoing negotiations with the United Auto Workers (UAW) union. The automaker said its new labor agreement with the UAW will cost $8.8 billion over the life of the new contract, driven in part by higher wages and cost of living adjustments. Ford now expects full-year adjusted EBIT of $10.0 billion to $10.5 billion and adjusted free cash flow of $5.0 billion to $5.5 billion. Yahoo Finance Live monitors Ford's pre-market stock action and commentary surrounding the auto industry coming out of the UAW strike. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The Dow Jones Industrial Average closed at its highest level this year as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data in the context of Federal Reserve monetary policy. "We're putting the cherry on top of a banner month," said Ryan Detrick, chief market strategist at Carson Group in Omaha. Among data released Thursday morning, the Commerce Department's closely watched Personal Consumption Expenditures (PCE) report showed inflation is cooling as expected, along with consumer spending.