From Dan Pickering:
Eyecatching: Energy results looking better and better as we watch GOOG and MSFT get kicked in the teeth after hours; did you catch the price action in energy transition stocks today? - at least a dozen names up 10%+..that vol makes energy look tame. Day traders dream.
Tech is gonna take a bath tomorrow.
World is in its first truly global energy crisis: IEA's Birol.
Nabors dayrate: revenue per day now signed for $40,000. Huge.
China Covid: game over. Only Wuhan coming up with Ebovid can save this now. -- ZeroHedge.
Jay Powell: will be forced to pause. He can't be Truss'd but he's not going to be invited to many holiday parties in December / New Year's if things don't turn around quickly.
AAPL: killing META.
Both GOOG and MSFT down exactly 6.7% in after-hours.
Saudi: "Losing emergency stock may become painful in the months to comoe." Is anyone listening? I am.
Recession? UPS: "hold my beer":
- UPS:
- revenue grew by 8.2%, driven by 9.8% increase in revenue per piece;
- operating margin was 10.8%; adjusted was 11.05
- AAPL: generally comes in at 24% margin
Recession? Visa -- "hold my beer"
- just brought in $5.6 billion in free cash flow on $7.8 billion in revenue
- that's a 725 FCF margin
- raised quarterly dividend
Visa: raises its dividend 20%. Does this happen in a recession?
Elon Musk: will close on Twitter on Friday. Entire work-force will resign.
US housing market has imploded. But does it matter. Home buying / selling season is over; begins again next spring.
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