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Today we are watching…
1.ย Royal Dutch Shell (#shell)
OPEC, a cartel of the worldโs biggest oil producers, recently ordered a stop to its drilling as an oversupply of the black gold risked flooding the markets. However, since a British oil tanker was pinched by the Iranians in the Strait of Hormuz, fears have swung the opposite way. Shell is a massive oil producer, and it stands to profit as it releases earnings today. Investors will enjoy rising oil prices with the Fed cutting rates, and a colossal 125 billion dollars of stock is agreed to be bought back by Shell in the coming years. That will boost earnings per share, today estimated to hit $1.22 on $91 billion in revenues.ย
2. Dunkin’ Brands (#dnkn)
Dunkinโ Brands could report an earnings slam dunk today as beverages and snacks command its top-line performance. The restaurant has also invested in coffee machines recently, adding a new menu item that investors hope will sure up footfall. The last set of numbers released by Dunkinโ revealed wage costs and daily running expenses at their peak, but most followers of the chain agree that the bottom-line will still come out alright. Now, the experts are weighing in! They estimate $0.82 profit per share on $361 million in sales.ย