Monday, January 22, 2018

The Market And Energy Page, T+1 -- January 22, 2018

Netflix: huge earnings report. Results even better than already-high expectations. Shares surge over 8%. Wow.  It looks like Kevin Spacey cost Netflix as much as $39 million. Netflix was the reason I started "The Next Big Thing" post many years ago.

Dow: could close up nearly 150 points today.

The road to CaliforniaCalifornia utilities issue draft solicitation for dairy biomethane pilot projects -- controlling cow farts. President Ronald Reagan, "Here we go again." I first learned about dairy cattle and methane during the Reagan years. Same ol', same ol'.

Trump tariffs: First Solar pops after hours. Trump apparently has put tariffs on "solar cells" and "large residential washing machines." Now, we can see how China retaliates. LOL. If, in fact, China is "dumping" products on the US, I have no problem with this. But if China is playing free market politics, that's something else. We should see price increases on these products by this summer. Will be fascinating to watch. But if at the end of the day, solar cells, regardless of where they come from, cost more, does that help the renewable energy issue? As far as I know, Enbridge should benefit from this.

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