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Sunday, March 17, 2024

Investing -- Sunday Night -- March 17, 2024

Locator: 46792INV.

WTI: up slightly, still above $81. Last check: $81.31.

Markets: all green, but barely; actually flat and could easily go red.

Headline stories:

  • hugely bullish: China kicks off the year on strong note as retail, industrial data tops expectations 
  • Goldman Sachs expects BofJ to hike rates Tuesday;
  • talk of recession is dying down in corporate America;
  • inflation isn't going away anytime soon -- but it's not impacting everyone equally;
  • Cramer: crude oil showing signs of a breakout as it tops $80;
  • Saudi Aramco CEO: energy transition is failing; world should abandon fantasy of phasing out oil; 
  • move over gold; copper is now breaking out, according to the charts -- Cramer;
  • tickers
    • SCCO: I might have missed this Friday, I forget -- SCCO was up 6% in one day; up $5.82; trading at $103;
    • UNP: up 15% in past six months; pays 2%;
    • CHRD: incredibly volatile; up 5% in past six months, but just as easily could have been down 5%;
    • ORCL: among the seven tech stocks in my "tech" bucket, this is the most fascinating -- not necessarily the best -- simply the most fascinating
    • AAPL: speaking of tech, holding above its floor of support ($170); now trading at $172 - $173:

The Bakken, most exciting / interesting:

  • CHRD + Enerplus
  • NOG

Campaign funding:

  • what will be an interesting "wedge issue" to raise campaign funds for DNC? Funds coming in for / against Kamala Harris.

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