Energy stocks dominated Q1 of 2025, while Tech and Consumer Discretionary suffered. Energy giants Chevron and Exxon had solid performances. Some Tech stocks shined.
Despite its volatility, HES is projected to grow revenue by 13.73% and earnings by 29.44% next year, making it a potential buy for risk-tolerant investors.
Chevron said it purchased 15.38 million shares of Hess Corporation, representing approximately a 4.99% stake in the company. Based on Monday’s price of $150, Chevron’s latest stake acquisition is worth $2.3 billion.
Three stocks have been breaking out lately, showing investors that there is enough short-term momentum backed by underlying fundamentals to keep going.
Today's Research Daily features a real-time scorecard of the Q4 earnings season and new research reports on 16 major stocks, including Alphabet Inc., Blackstone Inc., and KLA Corporation, as well as a micro-cap stock Crawford United Corporation.
Hess reported strong financial performance in its latest earnings release, driven by production increases in key assets despite facing challenging market conditions.
Revenue rose 6% year-over-year (YoY) to $3.23 billion compared to a Wall Street estimate of $3.05 billion. Adjusted earnings per share (EPS) came in at $1.76 versus an analyst estimate of $1.5, according to FinChat.
