Some find comfort in the charts, where there’s a lot of action going on. MarketWatch’s Tomi Kilgore interviewed Steve Nison, the man who brought the candlestick chart pattern to the West. Nison says he’s not buying stocks right now, and offers up some pretty solid reasons why. Our chart of the day begs to differ, showing a pattern that suggests this market may be ready to bolt higher.
But we drift back to the macro for our call of the day. That ISM data that got a few out there excited yesterday? Saying there’s no way the Fed can hike in the face of such weak data? Don’t bet on that. Read on for more.
Chevron Corporation (NYSE:CVX) was trading lower by -0.85% to $91.65. So far, around 1.58 million shares have changed hands in this session. After opening at $92.60, the stock hit as high as $92.69. However, it traded between $69.58 and $114.82 over the last twelve months. Chevron Corporation (NYSE:CVX) Declared that its subsidiary, Chevron Overseas (Congo) Limited, has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola. Located 65 miles (105 km) offshore in approximately 3,000 feet (900 meters) of water, Lianzi is Chevron’s first operated asset in the Republic of Congo and the first cross-border oil development project offshore Central Africa. The project is expected to produce an average of 40,000 barrels of crude oil per day.
Fidelity National Information Services (NYSE:FIS) was at $64.70, showing a -0.17% decrease. Around 3.00 million shares have been traded, versus an-average trading volume of 2.31 million shares. Fidelity National Information Services (NYSE:FIS) stated the closing of its acquisition of SunGard, one of the world’s leading financial software and technology services companies. The acquisition uniquely positions FIS to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide. With complementary technology solutions and services encompassing retail and institutional (or wholesale) banking, payments, risk management, asset solutions and insurance, the combined company now has more than 55,000 employees and $9.3 billion in revenue on a pro-forma basis.
Has FIS Found The Bottom And Ready To Gain Momentum? Find Out Here
Xerox Corp (NYSE:XRX) shares decline today, losing -0.51 per cent to $10.64. Around 896,083 shares changed hands so far in this session compared to an-average trading volume of 13.32 million shares. Xerox Corp (NYSE:XRX) as a leader in providing reliable information about carbon emissions and energy use to investors and the global marketplace. The recognition comes as COP21, the United Nations climate change conference in Paris gets underway, where national leaders will meet to work on a global deal to reduce carbon emissions and limit temperature warming.
“As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable,” said Paul Dickinson, executive chairman and co-founder of CDP, a not-for-profit, non-governmental organization that collects self-reported climate change, water and forest risk data. “For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index,” he said.