Friday, July 5, 2024

Strong Jobs Report -- Steve Liesman -- July 5, 2024

Locator: 48054JOBS.

Updates

Later, 11:31 p.m. CDT: CNBC's "Half Time Report" -- 

A huge tease by one of my favorite panelists -- history -- back in 2023, sold CVX to buy PDX, then PDX gets bought by XOM and now she [Jenny, disclosures] has XOM which doesn't have much growth potential and only a 3% yield when her portfolio targets 5% yield, and she will use the XOM proceeds to buy a pure-play Permian operator.
Because she's in the middle of that trade, she can't mention the name, but she's really, really eager to tell her viewers. Hopefully, I don't miss that -- I assume she will tell us next week. Pure-play Permian with enough gravitas to match PDX/XOM? Thoughts:

  • Permian Resources: doesn't meet her dividend goal
  • FANG - Endeavor: big, same multiple as XOM; pays almost 5%
  • hard to believe her pick is anything other than FANG

Original Post 

Tag: jobs. unemployment.

Unemployment: Table A-15:  

Where the jobs are: federal government and local government jobs. Service jobs plateauing somewhat after a big run.

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AMD

 Well, this is certainly interesting, in light of recent rumors, tweets, and a press release, of sorts:

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Markets

With CVX down $2.02, let's see what OXY and BRK are doing.

OXY:

BRK-B:

And, then, of course, we have AAPL, which I think is another new all-time high, and the move this morning was not subtle:

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