Wednesday, April 14, 2021

Notes And Comment -- Early Morning Edition -- April 14, 2021

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here

US markets:

  • Dow and S&P 500: new all-time record?

US markets:

  • futures were relatively flat last evening;
  • at 4:00 a.m. EDT this morning, futures began to move up; subtle but very noticeable;
  • open: bank earnings "eye-popping"; across the board, well above analysts' expectations; as much as 80% above forecasts; most at 40 - 60% above forecasts
  • at open, Dow surges, up 170 points;
  • S&P 500: open up 7 points;
  • NASDAQ: up 30 points
  • WTI: over $61
  • pipelines (reminder: Texas pipelines will struggle this summer -- source):
    • OKE: up 1.4%; up 70 cents; trading at $51.78;
    • ENB: up 0.5%; trading just under $37;
    • EPD: up 0.65%; trading just over $23;
    • ET, most exposure to bad news: trading just over $8;
  • AAPL: surprisingly, after being up slightly before market open, drops back 0.6%; profit-taking;
  • UNP: up 0.4%; trading just under $223;
  • SRE: up a bit; trading at $135.45; several weeks ago, I considered this a $124-stock;
  • MNRL: whoo-hoo! Up almost 4% today; up 61 cents; trading at $16.31;
  • EOG: whoo-hoo! up over 5%; up $3.55; trading at $74

Total cost structure; E&Ps; from RBN Energy, back in early April, 2020, almost exactly one year ago.

From RBN Energy the other day:


Annotated:

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