Energy ETFs In Focus As Exxon Mobil (XOM) Reports Earnings

By: ETFdb
In the midst of earnings season, stock markets are no strangers to volatility. The first week saw mixed results, with some industry leaders beating estimates while others disappointed the Street on weak revenue numbers. Week two was slightly more upbeat, with some major financial and energy companies –such as Morgan Stanley and Halliburton– crushed their estimates [see ETF Winners and Losers From The Second Week Of Earnings Season]. Along with these two industry bellwethers, Microsoft reported positive earnings, while Johnson & Johnson reported a dismal outlook for the remainder of 2010. This week had a special focus on the defense and energy industries with market bellwether Boeing and embattled oil giant BP reporting earlier this week. These less-than-stellar reports have put another large company in the spotlight; Exxon Mobil (XOM). After the second quarter of 2010, Exxon was the largest firm by market capitalization in the world and as such, remains [...] Click here to read the original article on Related Stories: Earnings Reports Put Energy ETFs In Focus Exxon Profits Slide: Energy ETFs In Focus Tech ETFs In Focus As Apple (AAPL) Reports Earnings
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