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Benzinga
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Nasdaq Surges Over 150 Points; ConocoPhillips Earnings Top Estimates

1. COP reported Q2 earnings of $1.42, beating estimates. 2. Quarterly sales reached $14.740 billion, exceeding expectations. 3. U.S. markets were mostly higher, impacting investor sentiment positively. 4. Oil prices slightly decreased, trading at $64.34.

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FAQ

Why Bullish?

COP's earnings surpass expectations, indicating strong financial health. Historically, positive earnings reports often lead to stock price increases.

How important is it?

Strong earnings can significantly affect stock valuations and attract investors.

Why Short Term?

Recent earnings releases have immediate effects on stock prices. Investors typically react swiftly to such news.

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