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

Updates

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.

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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.