The Million Dollar Way (The Bakken Oil Blog): The Market Today, Part 2 -- January 30, 2024

Tuesday, January 30, 2024

The Market Today, Part 2 -- January 30, 2024

Locator: 46688INV.

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.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Reminder: I am inappropriately exuberant about the US economy and the US market

Notable:

WMB increases dividend to 47.50 cents; 44.75 cents; an increase of 6%. Whoo-hoo! Pays 5%. P/E of 16. Up 9% y/y.
UPS increases dividend to $1.63. Was $1.62.

WMT: well, this is cool! Link here. Ticker today, $165. The question is whether WMT will increase its dividend; this is the one-year anniversary for the usual dividend increase.

After Close

Major indices:

Dow: up 133 despite SLB.
S&P 500: flat; down 3.00 (no typo).
NASDAQ: down 120 points,

almost all due to AAPL, down almost $4.00 today, down a whopping 2% today; growing slower than P&G.
in fact, over six months, shares of PG growing faster than AAPL, but for a full year, AAPL uup 30%; PG up 11%; five years, 300% vs61%.

Microsoft earnings.

prior to close: $409, flat to down very slightly;
down a fraction of a percent after release; down aboout 0.75%.
a beat on the top and bottom line; a beat on the Azure number.
EPS: $2.93 vs $2.78 EPS
revenue: $62 vs $61.1 bilion
30% growth for Azure vs 27% expected

Starbucks:

at $94, up half a percent before the close.
reports misses on top and bottom lines
shares down 1%; later SBUX turned around to end up green in after-hours trading
bad numbers across the board

SWKS:

at $104, down $1.82; down 1.7%;
earnings beat by 2 cents; $1.97 EPS
revenue of $1.2 billion; in line
generates record operating cash flow of $775 million and record cash flow of $753 million
with numbers like this, why would one buy LCID, RIVN, Polestar, etc -- except for "trading."
SWKS is a proxy for the iPhone

GOOG:

numbers look pretty good but shares down about 5%

Earlier, Before The Close

Market: unchanged. Goldilocks. No "hard landing," no "soft landing." Rather, a "tough and go."

SLB: implodes. Bad news out of Saudi Arabia.

WTI: folks will probably disagree but there's a sense that WTI is seeing higher lows, and higher lows. WTI is up nicely today, but probably won't hit $78,

MSFT: Wall Street darling right now; stole the crown from Apple. This should not be news.

Consumer sentiment, link here:

Major indices: Dow, S&P 500 both turn positive midday after earnings start to come out; NASDAQ off 60 points but that's almost all due to AAPL. Rest of NASDAQ doing well. For confirmation, check out the chips.

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.

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Reminder: I am inappropriately exuberant about the US economy and the US market

GM, absolutely predictable: