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At close: August 12 at 4:00 PM EDT

Abbvie stock falls amid growing biosimilar competition

Pharmaceutical giant AbbVie Inc. (ABBV) shares came under pressure as the market closed on Friday, following the disappointing first quarter sales performance of the company's arthritis drug, Humira. The company forecast that Humira's sales could slow further in the face of heightened competition. Yahoo Finance's health reporter Anjalee Khemlani breaks down the details, providing insight into the rise of biosimilars in the market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

Yahoo Finance Video 3 hours ago

ABBV
Yen hits fresh multi-decade low

The yen (JPY=X) has hit a more than 30-year low against the US dollar. It comes after the Bank of Japan left room to raise rates following its latest policy meeting. Yahoo Finance's Jared Blikre and Julie Hyman break down the currency movements. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

Yahoo Finance Video 5 hours ago

JPYUSD=X

USD=X

JPY=X
Exxon's Guyana 'mega-project' to fuel 'big growth': Strategist

Shares of Exxon Mobil (XOM) and Chevron (CVX) are trading lower on Friday as both companies revealed a dip in first quarter revenue compared to the same period last year. However, both companies beat Wall Street revenue expectations for the quarter. While some of the forecasts for these companies are mixed, upcoming projects have the potential to turn things around. Truist Managing Director of Energy Research Neal Dingmann joins The Morning Brief to give insight into the energy sector and what investors can expect from Exxon and Chevron moving forward. Dingmann explains that growth will be accelerated by two upcoming projects in particular: "They're going to have big growth...in Guyana and the Permian [Basin]. That's going to keep the remainder of their overall portfolio flat. Guyana is the one worth pointing out. If you look at the projects coming on through 2027 on a gross basis, which Exxon has 45% of this, that could do almost 1.2 billion barrels a day. You think that: the US alone is doing about 13 billion barrels. This is encroaching on over 10% of what the US alone could do with this project by 2027. That's why it's obviously a big deal on this litigation between Chevron and Exxon on the Hess deal. I cannot say enough about this Ghana project...It's a mega project to say the least. " For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

Yahoo Finance Video 9 hours ago

CVX

XOM
Chevron, Exxon stocks fall as lower refining margins, falling natural gas prices hit profits

Chevron and ExxonMobil said earnings per share dropped from a year earlier as they grappled with lower natural gas prices and refining margins.

Yahoo Finance 15 hours ago

CVX

HES

XOM
10 Best Carfax Alternatives to Check Vehicle History

In this article, we will look at the 10 best Carfax alternatives to check vehicle history. If you want to skip our detailed analysis, you can go directly to the 5 Best Carfax Alternatives to Check Vehicle History. Carfax VS AutoCheck: A Comparative Analysis Vehicle history reports are essential when purchasing used cars. These reports use the […]

Insider Monkey 1 hour ago

HMC

NIO

GM
Exxon and Chevron Earnings Fall Back to Earth

The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down.

The Wall Street Journal 3 hours ago

XOM

CVX

^GSPC
Dow Jones Futures: Nvidia Leads 7 New Buys As Market Roars; Fed, Apple, Super Micro Loom

Nvidia and several other leaders flashed buy signals as the market roared. Investors should take advantage, but it's a jungle out there.

Investor's Business Daily 3 hours ago

^GSPC

COMP

^DJI
Why Saia Stock Plunged Today

The business grew, but first-quarter results missed estimates.

Motley Fool 3 hours ago

SAIA
Cava, IBD Stock Of The Day, Surges Past Buy Point As Restaurants Come In Hot

Stock Of The Day: Fast-growing Mediterranean restaurant chain Cava hits Chicago and is racing past a buy point, along with several other restaurant chains.

Investor's Business Daily 3 hours ago

CAVA

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AMC Entertainment Sees Flat Revenue in Despite Fewer Film Releases

The movie-theater chain said the Hollywood writers and actors strikes from last year had dragged on box office returns.

The Wall Street Journal 3 hours ago

AMC
Exxon’s profits are falling, but CEO Darren Woods’ compensation rose last year—here’s how the oil giant rewards its top exec

Exxon’s so-so first quarter came on the heels of record profits in 2022.

Fortune 4 hours ago

XOM
AMC Entertainment Holdings, Inc. Previews First Quarter 2024 Preliminary Results and Announces First Quarter 2024 Earnings Webcast

LEAWOOD, Kan., April 26, 2024--AMC Entertainment Holdings, Inc. (NYSE: AMC) (the "Company," or "AMC"), today released preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company’s financial reporting processes, based on information known by management as of the date of this press release and do not represent a comprehensive statement of our financial results for the quarter ended March 31, 2024. AMC expects:

Business Wire 4 hours ago

AMC
These Stocks Moved the Most Today: Alphabet, Microsoft, Intel, Snap, Exxon, Roku, Skechers, ResMed, and More

Alphabet shares surge after Google’s parent posts better-than-expected earnings and announces its first cash dividend, Microsoft posts 31% quarterly growth in Azure cloud-computing revenue, and Exxon Mobil’s earnings miss estimates.

Barrons.com 4 hours ago

GOOG

MSFT

INTC
AbbVie Is 'Firing On All Cylinders,' But Its Stock Doesn't Show That

AbbVie is "firing on all cylinders," an analyst said Friday after the firm beat first-quarter estimates. But AbbVie stock fell.

Investor's Business Daily 4 hours ago

ABBV
Why AbbVie Stock Stumbled Today Despite the Earnings Beat

Investors are struggling to see past the end of Humira's dominance.

Motley Fool 4 hours ago

ABBV
Exxon, Chevron Earnings Fall As Supermajors Spar Over South America's Oil Jewel

Exxon Mobil and Chevron reported first-quarter earnings and revenue declines early Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. XOM stock fell Friday while Chevron stock shook off early losses and advanced.

Investor's Business Daily 4 hours ago

XOM

CVX
AbbVie (ABBV) Q1 2024 Earnings Call Transcript

ABBV earnings call for the period ending March 31, 2024.

Motley Fool 5 hours ago

ABBV
Oil Posts Weekly Advance Amid Signs of a Tightening Market

(Bloomberg) -- Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchThe Long, Slow Death of Urban NightlifeBillionaire Stephen Ross Believes in South Florida—and Is Spending Big to Transform ItWest Texas Intermediate

Bloomberg 5 hours ago

XOM

CVX
Why ExxonMobil Stock Dropped on Earnings Friday

News flash: ExxonMobil stock is still a sell.

Motley Fool 6 hours ago

XOM
15 Freest Countries in Asia

In this article, we will look at the 15 freest countries in Asia. If you want to skip our detailed analysis, you can go directly to the 5 Freest Countries in Asia. The United Nations Universal Declaration of Human Rights outlines a wide range of basic human rights and freedoms, including the right to social security, […]

Insider Monkey 6 hours ago

MTSUY

JD

TM

Performance Overview

Return	NSR	MSCI WORLD
YTD	0.00%	+5.23%
1-Year	0.00%	+19.98%
3-Year	-6.45%	+12.82%

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Related News

Abbvie stock falls amid growing biosimilar competition

Yen hits fresh multi-decade low

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Performance Overview