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Wednesday, June 2, 2021

Notes From All Over -- Pre-Market Edition -- June 2, 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. 

Things are moving too fast. 

ATT - Discovery: this is going to be a lot bigger than people think.

  • Exhibit A: AMC
  • Exhibit B: Amazon buys MGM

Morning brief: demand outstripping supply. A good problem to have.  

Power of the presidency: a lot of folks think Joe Biden's policies will destroy America. What amazes me is how quickly a president can change the conversation. And many CEOs -- the successful ones -- are working to figure out how to make these policies work.

Arctic refuge drilling rights: suspended by Biden. Another non-story. SeekingAlpha's link here.

Making America great: the southwest -- Arizona, New Mexico, Texas, Oklahoma (and Nevada) account for 30% of US job growth in manufacturing -- again, this is manufacturing we're talking about, not services -- over three years, adding more than 100,000 jobs. A long, long above-the-fold story in The Wall Street Journal

Apple, Inc.: Tim's Cook's compensation was comparatively modest among highest-paid CEOs os 2020. Tim Cook earned $15 million vs the median $13 million across the S&P 500. Cook's pay rank is 171st highest out of the S&P 500 CEOs, even though Apple makes up six percent of the entire index. He retires soon; it will be interesting to see his successor.

Breather: Apple -- before rush to a new all-time high. IBD below has an article on best energy stocks right now. It seems to me someone is chasing energy right now. Soon it may be time to sell some energy and buy Apple -- it's been trading sideways for quite some time now.  

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.

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Energy -- Fossil Fuel

Top oil stocks: Inveestor's Business Daily. It seems to me those folks recommending energy stocks now missed the boat. They should have been doing this four years ago. 

Deal: press release. Southwestern Energy to acquire Indigo Natural Resources. 

Another deal: Pembina Pipeline to buy Inter Pipeline in a deal valuing the latter at C$8.3 billion. 

EPD: set to soar. SeekingAlpha

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.

Dividends: ENB makes the cut again

Paradoxes: on May 28, 2021, I listed a number of paradoxes (?). Today, I add two more:

  • every day I read stories about how oil-rich nations and fossil fuel companies are going green (exhibit A: Norway the country, and Equinor, Norways' state oil company) and now Equinor announces it will partner with Exxon to invest $8 billion in developing oilfield off Brazil. So, which is it? Is Equinor going green or simply geographically moving elsewhere.
  • speaking of which, I thought fossil fuel was dead in Brazil, due to environmental concerns about leaks and spills ruining their pristine beaches and their tourist industry; so where does Brazil stand: no more drilling; back to drilling?
  • Greta: "I have a headache."

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Word of the Day

Chyron: link here

Not to be confused with the Greek Chiron.

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Video of the Day

Sent to me by a reader:

4 comments:

  1. That video is... arresting (yup really bad pun)
    Also why every young man wants to fly jets

    ReplyDelete
  2. I do think fighter pilots morph into a new "non-human" entity when they are strapped into their jets. Somewhere between end-of-runway engine run and takeoff they morph into something no one has been able to capture in literature.

    There's a reason the "wash-out" rate is so high among military pilots-in-training. Those that "wash-out" simply don't morph. It's not that they can't; they just don't.

    Same with the "original" astronauts; maybe even more so.

    ReplyDelete
  3. To become one with the jet is key. Huge balance between massive ego's and immense humility, knowing all the power they control can kill them with the slightest mistake on their part.

    ReplyDelete

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