Wednesday, May 22, 2024

Ten New Permits --- May 22, 2024

Locator: 47158B. 

WTI:

Active rigs: 37.

Ten new permits, May 21, 2024, and May 22, 2024, #40770 - #40773, and, 40774 - 40779, inclusive:

  • Operators: Phoenix Operating, Hess (3)
  • Fields: Skabo (Divide); Beaver Lodge (Williams)
  • Comments:
  • Operators: MRO (2); Koda Resources (4)
  • Fields: Bailey (Dunn); Fertile Valley (Divide)
  • Comments:

Wells transferred from XTO Energy to Oasis Petroleum:
18959,
14820,

NVDA -- 10:1 Stock Split; Raises Quarterly Dividend 150%; Beats On Top And Bottom Line -- May 22, 2024

Locator: 47157TECH.

 Updates

Later: WSJ, May 22, 2024 --

Later:

Later, 4:16 p.m. CDT: in original note, one analyst felt that a close above 995 tomorrow was necessary to make him feel more comfortable. For the record, after hours, NVDA just went over $1,000 / share. Tomorrow: retail traders looking for $100 / share stock; YOLO, MOJO, HODL.  This was the last test for the quarter. 

PFE / MRNA -- in talks with the Feds over Avian flu vaccine. See my note on MRNA in original post. One can make a lot of money on a stock that goes from "terrible" to "just bad." Yeah, we're looking at you, PFE.

Original Post

Higher than expectations.

Huge day.

200% revenue growth.

243% revenue growth.

262% revenue growth, y/y.

Beat that 243% revenue grow in most recent earnings report (needs to be confirmed). Three straight quarters, beating y/y by 200% or more. 

Nvidia data center revenues: up 427% year-over-year.

600% profit explosion y/y.

Shares after hours are surging. Up 4% after hours. Up $40 after hours.

The big question: will NVDA hit $1,000 before June 6, 2024?

CNBC analysts almost giddy -- well, at least one of them. LOL. 

After hours:

  • AMD: up 1.2% after hours;
  • QCOM: up 0.53% after hours;
  • AVGO: up almost 1% after hours;
  • MU: up 1.2% after hours;
  • TSM: up almost a percent after hours; 
  • SNOW: up 4.22% after hours; later, as much as 5% after hours.
  • SCCO: up slightly after hours but had dropped almost 8% during the day.
  • INTC: up 0.35% after hours.

Tech is tracked here.

 Chips, semiconductor: link here.

Best interview on CNBC? The one with the analyst who bet against Nvida a few months ago, and still argues he was correct. 

So, does he like Nvidia's competitors better? Doesn't answer; avoids the question. Says he's more interested in Nvidia's customers, rather than Nvidia itself. Says Nvidia is too volatile. Sounds as if he got burned after Covid-19. Can't wait to listen to negative replies on Fast Money. The negativity speaks volumes. A 10:1 stock split and a raise in the quarterly dividend suggests Nvidia board doesn't see things the same way this analyst sees things.

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NVDA

"Fast Money" on CNBC.

Top stories to be featured this hour:

  • NVDA: A surprise 10:1 stock split; a 150% increase.
  • TGT: can't seem to catchup.
  • Starbucks.

Other stories not discussed:

  • MRNA: up $24 / share today.

Panel on NVDA

  • high bar; stepped over the bar
  • CEO doing a very, very good job
  • waiting for rest of the story
  • demand is there
  • as a trader: wants to see a close above $995 tomorrow
  • autos, CPUs
  • the other two beneficiaries going forward
    • energy (utilities supplying electricity)
    • copper

Disclaimer Briefly 

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

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.  

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

US Literary Rate -- View Of US Economy -- Vibecession -- May 22, 2024

Locator: 47156US.

CNBC
Second Hour, Sara Eisen and Carl Q

US literacy: link here.

US literacy: link here.

Vibecession: link here.

The [London] Guardian commissions a Harris poll: link here.

This bothers me not at all. It's been this way for quite some time; nothing new. The gap between those who can read / comprehend and those who cannot will continue to widen.

This bothers me not al all? Consider a sports analogy.

The Day Continues -- May 22, 2024

Locator: 47155B.

CNBC
First Hour: Jim Cramer

I remain impressed how much information Carl Q has in his binder. Amazing. 

China: Cramer has lost his "interest" in China's leadership; infers that China's leader has disappointed him.

  • China no longer has what "we" expect from China. -- Cramer
  • China acts as if they "are on top," acts as if "they are in control" when in fact, having major problems

McDonald's: shift in conversaation to McDonald's

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Miscellaneous

Apple links this morning:

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EVs

Tesla links this morning:

Local:

  • our neighbor, a 30-something, married, has an early model Chevy Bolt
    • bought it about 18 months ago
      • early conversation with him: very happy with purchase
    • yesterday: more reserved
      • would now recommend a hybrid rather than an EV
    • two comments:
      • range was his biggest concern; his commute is less than seven miles each way
      • says advertised range was ~ 200 miles but due to "battery protection" guidelines (the 80/20 rule), he gets about 100 miles between charging
    • he didn't say it but he inferred, second issue, literally always thinking about charging
      • often "has" to slow charge from his garage (120 volt) because the installed super-chargers in our apartment complex aren't always working
      • management has said that periodically: that management is aware that chargers are not working and they are working the issue
    • very, very interesting conversation
  • an extended family member in town; rented from Enterprise
    • given a brand new Toyota Camry, hybrid -- had 11 miles (no typo) on odometer
    • it literally came off the truck yesterday; washed, detailed, filled with gas;
    • our extended family member who has the rental was unaware it was a hybrid;
      • never mentioned by Enterprise; possibly the young agent did not know
      • driver noted it only because it was so incredibly quiet

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Chicken Marsala

Easy, easy, easy.

Delicious, delicious, delicious.

Ingredients:

Total time: 30 minutes and it's really rewarding to make; so simply, so delicious

  • servings: four

What it's all about:

  • two large chicken breasts; cut lengthwise to make thinner cutlets;
    • then physically tenderize
  • pan-fry the chicken 
  • have ingredients ready to add as instructed in link below

How-to here.

Ingredients and comments:

  • Marsala wine: may be slightly difficult to find
    • dry, not sweet 
    • two best brands
      • Florio
      • Carlo Martinez
  • Sherry, dry: not in recipe linked above but mentioned elsewhere: add 1/4 cup dry sherry
  • mushrooms: hard to find cremini mushrooms; I don't think it matters a lot; sliced white mushrooms seem to be just fine

Cost:

  • cost at home: under $5 per serving
  • restaurant: good luck spending less than $25 at nice restaurant for same dinner