Whoo-Hoo! AAPL Is Closer To $150 Than $149 (Again) -- July 16, 2021

SRE: BP to deliver first carbon-offset LNG cargo to Sempra's Mexico terminal; link here;

• this story interested me not except it highlighted SRE and its new terminal
• will be delivered today (July 16, 2021) to the Energia Costa Azul aterminal, a joint venture between Sepra and IEnova in Mexico's Baja California;
• will be offset by a BP forest creation project in Mexico -- LOL

AAPL:

• from yesterday, AAPL up by 2%; analysts estimate further upside;
• raises iPhone production order to record 90 million; previous record, 70 million; previously reported;

Conspicuous consumption: the rich getting richer, and rich are spending, CNBC spot

• unable to get reservations at high-end restaurants
• but the worst news: there's a yacht shortage

Investing stories that interest me now:

• energy, of course, but mostly oil, not natural gas
• time to accumulate or time to sell?
• me? I'm accumulating but being very, very picky;
  
• midstreamers (pipelines)
• semi-conductors / chips
• individual stocks
  
• AAPL
• ARK
• SRE 
• Schwab (not as an investment, but as a trading platform)
  

Schwab earnings (link here):

• trading slowed following meme-stock frenzy
• EPS: 70 cents vs 71 cents consensus
• "a 28% slowdown on the heels of the record first quarter, yet a still-impressive 4% increase over the fourth quarter of 2020, when we included TD Ameritrade for the first time,"  -- CEO
• added 1.7 million new brokerage accounts -- I find this simply incredible -- Schwab's third straight quarter with new accounts exceeding one million
• total client assets:
• $7.4 trillion
• 32.1 million accounts (includes international users)
• many folks have multiple accounts
  

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.

TSLA: trading below where it was when it entered the S&P 500. 

Jim Cramer: has the morning off today. Bummer. 

CNBC theme:

• dueling market narratives
• inflation is transitory
• inflation is not transitory
• we saw what happened when the Fed tried to stop inflation during the Jimmy Carter debacle
• soon to see articles questioning need of Fed to raise rates to address inflation
• and, of course, fiscal policy vs monetary policy (link here for one of a gazillion articles on this

****************************
Texas