Notes From All Over, Part 3 -- January 22, 2020

Market: UNP and Comcast report Thursday morning, before the market opens. Comcast, forecast, 76 cents; actual, 79 cents; will increase dividend 10%. UNP, forecast, $2.07. A lot of banks are reporting. Later: wow, UNP down yesterday and overnight was down, and now this morning up $7.00. Great earnings report? Wanna bet? Maybe not. Actual: missed EPS estimates. Profits fell 10% from a year ago, EPS of $2.02. But still UNP up almost $7.00. If UNP opens as currently suggested, UNP will surge through a 52-week high. [Later: UNP got ahead of itself, dropping back.]

Later, more on CMCSA (Comcast):

CMCSA (Comcast): huge pre-market but then plunged almost 4% during / after earnings call; link here.

• cord-cutting will get worse
• less-then-stellar numbers (mostly due to "Cats")
• good news: 
• adding broadband customers at record rates;
• young wireless service on way to being profitable
• NBCU is getting ready to debut new theme parks and attractions
• will focus on those that don't mind paying more for a "premium experience" with its next-generation, set-top box X1
• Comcast added enough new broadband subscribers to more than offset its video subscriber losses, bringing on 1.1 million new customers in 2019, a record high;
• Peacock: free; but not quite
• Comcast's Xfinity Mobile: cell phone service launched two and a half years ago
• 2 million customer lines
• added 816,000 in 2019
• added 854,000 in 2018
• big addition at theme park in Japan: Super Nintendo World
• comments: mixed bag; what I particularly don't like: a set-top box; what I also don't like: multi-tier pricing

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AAPL: climbing the wall of worry.

Legacy fund should be reporting any day now. Link here.