Mid-Day Market
CDC: fully vaccinated folks don't need to wear masks outdoors. Does that include garden parties?
Of interest:
- WTI: looking good. OPEC holds production quotas.
- COP: up 1%
- CVX: flat to up slightly;
- XOM: up half a percent;
- OKE: up slightly; basically flat
- ENB: surprisingly, up about 1%:
- EPD: flat, down slightly;
- MNRL: down about half a percent
- DFS: continues to surge; after several great days, up another 1.2%;
- My favorites:
- UNP: up half a percent;
- SRE: down about a third of a percent; a-$124-stock now trading at $136
- WMB: maintains dividend; pays just slightly less than 7%.
Original Post
Wheat futures in Chicago touch highest since 2013.
Consumer confidence:
- better than expected
- 121.7 vs 113 forecast
- highest in fourteen months
Blow-out earnings and blow-out margins:
- the re-opening trade;
- the re-opening is just getting started
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The US markets.
UPS:
- jumps into record territory after big profit and revenue beats; and,
- here at The WSJ;
- sales jump 27% to $23 billion; supply-chain and freight segment up 34%
BP:
- profits soar; this is quite a story; link here;
- commits to share buybacks after 1Q21 earnings double; link here;
- when earnings season is all over it will be interesting to see how XOM did compared to the rest;
- story: XOM failed to take advantage of "trading;"
TESLA:
- reports record earnings; previously posted; this is The WSJ story;
- TSLA: down almost 4% in early trading today
AMD: reports after market closes later today.
Others of interest:
- XLNX: green, but barely;
- UNP: up slightly;
- AAPL: flat, actually down one penny today;
- DFS: up about half a percent;
- MNRL: up 1.53% -- whoo-hoo!
GE:
- does anyone care any more?
- another bad quarter: hit by slump in aviation business; well, duh;
- profit and free cash flow beats estimates (the bar must have been set low) but revenue fell shy;
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