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Actionable news in PSX: PHILLIPS 66,

Buy Phillips 66's Straddles At Market Open

Phillips 66 (PSX), an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses, which operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S), is reporting earnings on Friday, July 29, at market open:

(Source: TD Waterhouse)

As evident from the above, the company beat earnings estimates in 75% of time in the last eight quarters, underperforming or showing in-line results in 25% of time, and has seen substantial volatility in the market...