Stocks to Watch Friday: Intel, Ford, Exxon, Enphase Energy - The Wall Street Journal
Stocks to Watch Friday: Intel, Ford, Exxon, Enphase Energy
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Stock Market Today: Stocks Open Higher After Oil Earnings, Inflation Data
Exxon, Chevron post results; PCE price index shows prices edged up in June
Last Updated:
July 28, 2023 at 9:48 AM EDT Live Coverage Feed
Updated 42 min ago
Chipmaker Intel forecast new demand from the AI boom. (Jakub Porzycki/Zuma Press)
↘️ Exxon Mobil (XOM), Chevron (CVX): The oil giants collectively banked nearly $14 billion in second-quarter profits, down from last year’s record-breaking levels. Exxon and Chevron shares edged lower premarket.
↗️ Procter & Gamble (PG): Shoppers continue to accept high prices for staples from razors to toothpaste, propping up P&G's sales even as volumes slipped. Its stock rose 1.6% premarket.
↗️ Intel (INTC): The chipmaker’s shares surged more than 6% premarket as a resurgent personal-computer market helped it bounce back from two quarters of record losses and it forecast new demand from the artificial-intelligence boom.
Related Knowledge Center: ENERGY BASICS: nuclear
Nuclear energy provides almost 20 percent of the U.S. electricity supply. Advocates have called for an expanded role for nuclear as an emissions-free fuel source. But the economics of building new reactors are daunting. In addition, lingering safety concerns are an institutionalized part of the calculation of nuclear regulation, and highly radioactive nuclear waste remains a can that public officials have been inclined to kick down the road. The Energy Information Administration projects a sharp decline in nuclear power generation over the next decade, as new nuclear plants — two are planned — are more than offset by anticipated retirements of several operating reactors.