Thursday, July 20, 2017

The Energy And Market Page, Part II, T+181 -- July 20, 2017


Later, 9:46 a.m. Central Time: well, that didn't last long. Everything is down; some quite significantly. Must have happened after the jobs report was digested.

Original Post

Whoo-hoo! Kinder Morgan shares up 4% after company forecast dividend increase.

BK: earnings just came out. Whoo-hoo! No telling what shares will do, but BNY Mellon reported a profit boost from higher interest rates: net income rose 12 percent or 88 cents/share; forecast, 84 cents. BNY Mellon has $31.1 trillion in assets under custody. Compare: Vanguard now has $4.4 trillion in assets under management [note: this link is back in draft; it will be re-posted later] trailing only BlackRock Inc. in total size. [BK up 1.4% in pre-market trading.]

UNP: some profit taking yesterday brought UNP down 1.29%; today in pre-trading, UNP is up almost 2.5%. Another whoo-hoo. Quarterly report: EPS of $1.45 on revenue of $5.25 billion, topping estimates. Business volumes increased 5% with gains in coal, industrial productions, yada, yada, yada, according to Investor's Business Daily. Wow. Gains in coal transport: 20% -- making American great again. Nothing like a good regional monopoly with a huge moat. And can't be bought by Warren Buffett.

EW: up 2% yesterday and in pre-trading, up another half-percent today.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decision based on what you read here or what you think you may have read here.

Some of the above I hold; some I don't. The point I'm trying to make: seems to be a pretty good earnings season so far, and it's just gotten started. 

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