Common Sense Prevailed -- July 20, 2022

Link here. 

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The Market Is Relieved

Indices:

• Dow 30: up 50 points
• S&P 500: up 23 points
• Nasdaq: up $185 points

KMI, link here:

• raises dividend ever so slightly, from 27 cents to 27.75 cents/share
• earnings: $621 million vs $516 million same quarter a year ago; 28 cents/share
• net income: $635 million vs a loss of $757 million same quarter one year ago;
• distributable cash flow: $1,176 million vs $1,025 million same quarter one year ago; 52 cents per share;
• guidance is positive