Breaking -- Apparently EIA Servers Are Down -- July 14, 2021

AAPL:

• August 21, 2020, about a year ago: P/E, 37; $124/share
• today, July 14, 2021: P/E, 33.59; $149/share
• would AAPL be at $164 today if it commanded a "37" P/E? 
• all I know, is that Apple is trading at a lower multiple today than a year ago
• other P/Es:
• MSFT: 38
• AMZN: 70
• FB: 30
• NFLX: 67
• GOOG: 35
  

Streamers:

• Netflix: up 2.09%
• ATT: down 0.14%
• Disneyk: down 0.1%
• AAPL: up 2.46%
• Amazon: up 0.48%

Cathy Wood: CNBC exclusive -- interview at 3:00 p.m. CT. Let's see, 4:00 p.m. eastern -- right at the top of Melissa's show. 

Breaking: AAPL hits all-time high. Company now hits market cap of $2.5 trillion. CNBC seems not to get it -- except for Jim Cramer. 

India: Apple does not exist in India. There is not even one Apple store in India. Let that sink in. 

AAPL: at $149 and trending higher. Could AAPL hit $150 today? Nope, by the end of the day, significant profit taking could take AAPL back to $145.

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. 

Airlines: when one sees all the financial support the US government provided the airlines during the 2020 lockdown, and then all the airline CEOs that tell us the airlines are critical for the US, and then the US Congress quibbling on supporting USPS and Amtrak. Money for Amtrak: Biden is correct on this one.

Weekly EIA petroleum report. Link here. Delayed. Let the conspiracy theories begin. Now delayed by almost a full 45 minutes. EIA just tweeted: report to be released at 11:00 a.m. EDT. They've already missed that "deadline." Apparently EIA servers are down. Resorting to twitter to convey information? Are the EIA servers in the cloud? If so, whose? AWS, Microsoft, Alphabet. My hunch: Microsoft. If so, explains a lot. 

The report, released about an hour late:

• US crude oil in storage decreased by 7.9 bbls;
• US crude oil in storage now stands at 437.6million bbls, 8% below the five-year average;
• US crude oil imports averaged 6.2 million bbls; up by 347,000 bbls from the previous week (yawn)
• refiners are operating at 91.8% of their operable capacity (yawn)
• distillate fuel inventories increased by 3.7 million bbls; 4% below their five-year average;
• jet fuel supplied was up 65.9% compared with same four-week period last year.
• comment: we need to quit comparing this year's data with last year's date. We need to start comparing this year's data with same period in 2019. But that won't happen.