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Energy company $CVX said in Dec. 2015 it announced the C&E program of $26.6Bil for the year. As noted in March 2016, the company is now targeting closer to $25Bil for the year 2016. $CVX expects to move to an absolute lower level of annual spend in future years as evidenced by its $17-22Bil range for 2017-2018.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.