Holy WTI, Batman! We Have The Answer -- Why Oil Spiked This Morning -- July 18, 2022

I'll post it later. See if you can spot it. Hint: it was posted at 9:00 a.m. CST, July 18, 2022 -- this morning just moments ago. Later: The answer. Link: https://oilprice.com/Energy/Crude-Oil/Saudi-Arabia-Reveals-Oil-Production-Capacity-Limits.html. Also, here: https://www.blogger.com/blog/post/edit/1149283829854298377/8889467518711893700.

But as long as we are here, I said a few days ago investors will soon experience a "Goldilocks" moment.

That special dividend paid by COP over the weekend completely caught me off-guard. I had it in my "stack" but had completely forgotten about it. 

Link here. Note date-time 8:00 a.m., July 18, 2022.

• ConocoPhillips is expected to post earnings of $3.90 per share for the current quarter, representing a year-over-year change of +207.1%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.7%.
• The consensus earnings estimate of $14.55 for the current fiscal year indicates a year-over-year change of +142.1%. This estimate has changed -1.3% over the last 30 days.
• For the next fiscal year, the consensus earnings estimate of $12.91 indicates a change of -11.2% from what ConocoPhillips is expected to report a year ago. Over the past month, the estimate has changed -3.3%.

GOOG: 20 - 1 split completed. Trading around $100 now. 

QCOM: bigger dividend. Link here. Old news. It may be old news but it was a huge increase, from 68 cents to 75 cents x 4 = $3.00 vs $2.72 previously, yielding over two percent.

We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. However, QUALCOMM's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow.

Looking forward, earnings per share is forecast to rise by 10.1% over the next year. If the dividend continues on this path, the payout ratio could be 28% by next year, which we think can be pretty sustainable going forward.

QCOM whiz. Link here. Article will be archived. Share with your daughters. 

Pelosi: all that anger directed at Pelosi investing $8 million in Nvidia. Quick: who (what company) will be the biggest benefactor of the "chip bill" winding its way through the US House? Answer later. It might surprise you.