Initial stability for Wall Street
Wall Street started the trading day with stability that reflects the recent S&P 500 records. At the opening, the Dow Jones showed a slight decline of 56.77 points, equal to -0.13%, while the S&P 500 registered an increase of 0.55 points (+0.01%) and the Nasdaq gained 7.46 points (+0.04%). This stable situation is a positive sign for investors, who are closely monitoring market dynamics
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The oil market and business strategies
The price of WTI oil at Nymex increased by 0.47%, reaching 74.97 dollars per barrel. A key factor in this context is the start of oil production in the Tengiz field, in Kazakhstan, by Chevron. This project, known as the Future Growth Project (FGP), aims to increase crude oil production by 260,000 barrels per day. This initiative is part of a larger strategy to improve free cash flow and generate value for shareholders, a crucial aspect in a constantly evolving market
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Verizon’s forecasts and the trend of the Chinese stock exchanges
Verizon recently announced an increase in earnings per share to $4.14 in 2024, a significant increase from $2.75 in 2023. Despite a slight drop in cash flow to 36.9 billion, the company expects adjusted earnings growth of between 0 and 3% in 2025. This positive scenario is further supported by the favorable closing of the Chinese stock exchanges, which registered significant increases after the announcement by US President Donald Trump of a more conciliatory approach to Beijing on tariffs. The Shanghai, Shenzhen and Hong Kong indices have eliminated their initial losses, showing renewed optimism in
the Asian market.
Record results for LG and future prospects
The South Korean group LG reported record revenues of 87.73 trillion won in 2024 and an operating profit of 3.42 trillion won. This growth was primarily driven by the appliance and vehicle components divisions, together with increased sales in the Home Entertainment and Business Solutions divisions. These results highlight how companies are adapting their strategies to address market challenges and capitalize
on emerging opportunities.