Stocks to Watch Friday: Tesla, Exxon, Pioneer, Costco, Levi Strauss - The Wall Street Journal
Stocks to Watch Friday: Tesla, Exxon, Pioneer, Costco, Levi Strauss
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Levi Strauss cut its earnings forecast for the fiscal year. (Andrey Rudakov/Bloomberg News)
🔎 Exxon Mobil (XOM), Pioneer Natural Resources (PXD): Exxon is closing in on a deal to buy the shale giant, a blockbuster takeover that could be worth roughly $60 billion, The Wall Street Journal reported. Exxon shares fell about 1%, while Pioneer's rose 10%.
↘️ Tesla (TSLA): The electric-vehicle maker's stock edged lower after it cut prices of Model 3 and Model Y vehicles in the U.S.
↘️ Levi Strauss (LEVI): The apparel maker cut its earnings forecast for its 2023 fiscal year late Thursday, citing economic uncertainty. Shares fell 1%.
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.