Thursday, October 31, 2019

Notes From All Over, Part 1 -- Halloween Eve, 2019

North Texas: below freezing overnight; 29 degrees this morning; probably colder earlier; one of the earliest dates ever for freezing in north Texas; dry but it's going to be very, very cold for trick and treaters tonight.

Pre-market trading:
  • Dow down 75 points
  • NASDAQ: down 13 points
  • S&P: down 8 points
Disclaimer: this is not an investment site.  Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.

Back to pre-market trading:
  • AAPL: up 1.5%; up $3.59; back to where it was several days before earnings reported
  • GE: up 11% yesterday; not much movement today
  • BA: after a bit of a jump yesterday, dropped back a percent; trending lower today
  • TSLA: down a bit
  • GM: down very slightly
  • EW: up slightly yesterday; no pre-market trading yet
  • Hey, what about OKE? Didn't OKE report yesterday? 
    • forecast: 74 cents
    • reported: 74 cents
    • OKE: down 2.3% yesterday; down $1.63; trading at $70
Shell: absolutely no idea what to make of this -- mixed stories coming out of Shell -- one story has it that Shell says it is having macroeconomic problems; may affect dividend; stock buyback; another story -- "Shell's earning positively surprise Wall Street" -- but shares in pre-market trading down significantly. Link here:
  • posted lower-than-expected decline in earnings
  • earnings, on an adjusted basis, slumped 15% y/y to $4.9 billion
  • a lot lower than analysts' estmated of 26%
  • earnings of $1.18 beat analysts' estimate of 99 cents
  • Shell's revenues of $86.6 billion beat analysts' estimates of $73.7 billion
  • previous quarter: earnings touched a two-year low and missed the forecast
 

No comments:

Post a Comment