The Traderszone Network

Published in TZ Latest News 24 October, 2014 by The TZ Newswire Staff

Look to energy names for global demand clues

Profit growth expectations for S&P 500 energy companies have fallen more than any other sector – from a forecast of 13.8 percent on July 1 to the current 1.8 percent, Thomson Reuters data showed. With various names due to report next week, including Exxon Mobil (XOM.N), Chevron (CVX.N), ConocoPhillips (COP.N) and National Oilwell Varco (NOV.N), there are hopes that executives will suggest that the fall in oil and share prices has overstated the outlook for these names.

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