Wall Street

by Alan Fein

Online Stock Market Trading Oil stocks climbed Tuesday fueled by higher earnings estimates that were led by Valero which reported earnings above analysts estimates.

A legend below the main stock data explains the footnote codes. To get even more fundamental data on each stock, click on View IBD 100 Index Expanded Stock Data, directly above the list. Here you'll get earnings per share and sales growth for the past quarter, EPS growth estimates for the next quarter and full year, return on equity, pretax margins, stock's percentage off high and other data. Let's move on to some of the other eTables features.

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Stock Market Game Feb 1, 2005 (AXcess News) New York - Oil stocks climbed Tuesday fueled by higher earnings estimates that were led by Valero Energy (NYSE: VLO) which reported earnings above analysts estimates.

The heating oil consumption in the northeast lowered U.S. heating oil stocks 400, 000 barrels. U.S. government data showed crude oil stocks rose 900, 000 barrels, which traders had expected crude oil stocks to have declined, though refineries said that they were using less oil than even they had expected. U.S. refiners reported that they used 89.6 percent of their refining capacity last week, down1 percent on the week.

Stock Investing Game Valero, the nation's leading independent refiner, said Tuesday that its earnings for the fourth quarter more than tripled, beating analysts estimates that fueled a run on oil stocks.

Journal Prime Rate Street Wall Shares of Valero hit a new 52-week hi of $56.02, up $3.99, or 7.67%, by 2pm ET Tuesday.

Wall Street has been expecting earnings per share of $1.25, excluding items, on sales of $989.3 million. In February, year forecast for earnings of $1.20 to $1.26 per share, based compensation. Chief Executive E. Scott Beattie said that organizational improvements in Europe and Asia, particularly China, would contribute to revenues and earnings next year.

Stock Market News Exxon Mobil (NYSE: XOM) followed suit, lifting to a new 52-week hi of $52.93, up $1.33, or 2.58%, by 2:11pm ET.

Stock Investing Basics Bear Stearns upgraded the Exxon Mobil to "outperform" from "peer perform" and increased its 2005 earnings estimate for the company to $2.60 a share from $2.35.

Stock Investing Software BJ Services (NYSE: BJS) said its first-quarter net income rose 54% due to increased demand for its pressure pumping services.

Stock Market Trading BJ shares were down $1.46, or 3.04%, at $46.59 by 2:17pm ET.

Stock Investing For Dummy Nabors Industries (NYSE: NBR) reported a 68% increase in fourth-quarter net income.Shares of Nabors were up 30 cents in early trading but gave up those gains to trade at $50.21, down 19 cents by 2:20pm ET.AdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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