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Bob Pisani Talks Recent Slew Of Strong Earning Reports, Debt Reductions And Energy Stocks


As April comes to an end, CNBC's Bob Pisani takes a look at the month's final day of trading and highlighted three key events that have recently played out.

Pisani noted that earning reports throughout April started off on a "very rough patch" with "lots of disappointments." However, he added that earning reports have been "notably better" within the past 24 hours.

He highlighted encouraging reports from LinkedIn Corp (NYSE: LNKD),, Inc. (NASDAQ: AMZN), Paypal Holdings Inc (NASDAQ: PYPL), Pandora Media Inc (NYSE: P), Expedia Inc (NASDAQ: EXPE), and especially Facebook Inc (NASDAQ: FB).

Pasani also pointed out rise in shares of Freeport-McMoRan Inc (NYSE: FCX) following the company's announcement it's looking to sell some of its assets to lower its debt profile. Meanwhile, AK Steel Holding Corporation (NYSE: AKS) announced a share offering to also pay off some of its debt.

"Debt reduction is a big theme," Pasani said.

Moving on to companies reporting earnings in the energy sector, Pasani noted Exxon Mobil Corporation (NYSE: XOM) reported a beat on the top and bottom line due to its diversified business. Accordingly, its stock is trading at its highest levels since May of last year.

On the other hand, Chevron Corporation (NYSE: CVX) reported a bigger than expected loss. The "problem" with Chevron's business model is the fact that the company is leveraged directly to the price of oil.


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