Earnings Preview: Good News For Oil, Bad News For Gold And Copper (SCCO, TRP, NEM, SU)
Earnings season for Q1 2013 is well on its way, with several bellwether commodity stocks already reporting better-than-expected results. Agribusiness giant Monsanto Company ( MON ) posted earnings that significantly beat out estimates: earnings rose 22%, while profits came in at $1.48 billion. Meanwhile, Halliburton ( HAL ) reported an unprofitable quarter, though the company added $1 billion to reserves tied to litigation involving the Deepwater Horizon rig explosion. Barrick Gold ( ABX ) also beat analyst expectations, clocking in an EPS of $0.86 [for more oil news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Copper Drops Into Danger Zone Copper Stocks To Play The Housing Recovery Battle Metals vs. Miners: Gold Edition 2012 13 High-Yielding Commodities For 2013 High Yielding Commodities: Beyond Energy
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