Chevron’s Stock Bounce, Cautious Corporate Guidance, and Earnings Next Week 1/27/23

Worldwide Exchange

Shares of Chevron are ticking up on the news that the company is launching a $75 billion buyback and is hiking its dividend by 6%. RBC Capital Markets’ Biraj Borkhataria explains what to expect from the Q4 earnings report today. Plus, guidance for the year ahead has been cautious as rising interest rates and a potential consumer slowdown continue to weigh on corporate profits. Washington Crossing Advisors’ Kevin Caron lays out his outlook. And, Wall Street is digesting another week of earnings before the parade rolls on next week. Evans May Wealth’s Lizzie Evans discusses where to invest.