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
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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
 

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