Link here. More stimulus needed.
And then there's this.
- Supercharged economy leaves global supply chain "stretched thin." Link here.
- some containerships sent north as port of Los Angeles hits capacity; link here;
- new video shows massive scope of California box-ship traffic jam; link here;
- four charts show the effects of West Coast port congestion and supply chain delays; link here;
- Port Congestion: ports of Los Angeles and Long Beach, March 8, 2021; link here;
- detention and demurrage charges rise as regulators circle;
- container lines ordered to explain detention, demurrage assessment;
- LA-LB congestion to clear by late spring: terminal operators;
- LA-LB truckers urge suspension of detention and demurrage
- no let-up in e-commerce demand for expedited Asia services;
elevated Asia import volumes won't let up;
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Miscellaneous
Top-ranked dividend champions, SeekingAlpha, March 15, 2021.
- top three: JNJ, PG, ADP
- 4 - 16: MDT, GD, PEP, CL, SYK, WMT, ECL, APD, ITW, KO, EMR, MMM, RTX
Warren Buffett: buybacks appear to be accelerating; round numbers? $2 billion / monthly?
FuelCell Energy:
- collapsed 8% yesterday; falls another 12% in early morning trading today; earnings disappoint, but that's just the headline; the real news is even worse;
- forecast: a loss of four cents; actual: a loss of six cents
- previous quarter (3Q20): forecast a loss of seven cents; actual, a loss of eight cells;
- a year ago: a loss of three cents;
- look at this: revenues --
- forecast: $18.8 million
- actual: $14.9 million (missed by 26.5%)
- one year ago: $16.3 million
- wiki;
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
US LNG exports: to Asia surged by 67% in 2020. Link to Tsvetana Paraskova.
- during the pandemic
- will only "improve" in 2021;
Mexico's announcement of new oil discovery: political, non-story;
Brent: North Sea oil and gas groups cut investment by £3 billion, $4.2 billion
something fishy going on with Brent?
Mexico (link above):
Despite the efforts of the government to stabilize Pemex operations
by injecting roughly $17 billion in the last two years, the state oil
company has been unsuccessful at increasing its crude production.
During 2020, the company managed to keep output close to 1.6
million b/d, but consistent underinvestment in exploration has led to a
dramatic drop in the country's reserves from almost 45 billion boe in
2001 to less than 16 billion boe in 2020, according to CNH data.
According to S&P Global Platts Analytics, Pemex production is expected to average 1.66 million b/d through 2030.
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Southern Surge
I try to scan the LA Times headlines on a daily basis looking for articles on the Southern Surge. I have never seen any "southern surge" headlines over at the LA Times. Apparently, if it's a problem, only in Arizona and Texas.
Tea leaves suggest this sets back the Dream Act.
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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"From The Before Times"
Link here.
The S&P 500
is surfing yet another all-time high, currently up over 70% from the
worst depths of the coronavirus crash a year ago and around 17% up from
the before times.
Covid isn’t over, and people aren’t all back to
work, but BlackRock, the biggest money manager in the world, is bullish
on stocks, even in the face of inflation concerns.
In a note
Monday, the firm said that it was overweight U.S. equities and has a
current view of an economy and market that’s beyond a “recovery.”
“We
see the path out of the Covid-19 shock as a ‘restart’ – not a typical
business cycle ‘recovery,’” a BlackRock note to clients said Monday.
This is “a distinction that matters for markets.”
This outlook is
leading BlackRock to push further into cyclical assets and “bolster our
pro-risk stance over the next six to 12 months,” the firm said.
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.
