Cramer's First Hour -- July 31, 2024

Locator: 48275INV.

Tag: Corning, GLW, California DMW.

Update

Later, 11:12 a.m. CDT: CNBC practically giddy over the amount of money META and MSFT are going to be spending on Nvidia chips. Apparently META is Nvidia's biggest customer, and MSFT is going to spent $85 billion on Nvidia chips this year. Needs to be fact-checked -- heard in passing.

Later, 10:51 a.m. CDT:

Later, 10:48 a.m. CDT:

Original Post

Chicago PMI: 45.3 vs 45.5. Whoo-hoo!

Household cash:  link here.

Opening:

Hope you all bought on the dip: Nancy Pelosi.

AMD: long interview with CEO. Shares up 7% today.

NVDA: up 7.5% at the open. Hope you all took advantage of the dip yesterday, or actually this past week.

INTC: up 1.5% today. Down 14% for one full year.

F: pain continues. Down at the open. Trading at 11.78. Down 15% past month.

GM: down 6% past month.

Boeing’s losses astounding. Not likely over even with new CEO. “Kitchen-sink” quarter yet to come.

Delta’s CrowdStrike problem.

OXY vs S&P 500: excruciating.

MSFT investors upset: Azure growth only 31%.

TMUS: huge beat; shares surge. Our carrier. Whoo-hoo! Fiber vs fixed wireless. Five million subscribers in three years. Fan of Apple. Looking for an interesting rollout. Cable streaming.

 *********************************
Working On Their Aeroplanes

************************************
Painting By Sophia

Acrylic on canvas, perhaps my favorite medium.

A lot of subtleties in this painting for a ten-year-old.

Wednesday, July 31, 2024

Locator: 48274B.

The big investing story today: AMD.

The big Bakken investing story: Hess. Link here.

• Bakken net production was up 17% q/q
• net income: $2.46 / share vs 39 cents, 2Q23
• net income increase reflects higher production volumes and realized selling prices

******************************
Back to the Bakken

WTI: $76.88. Up $2.15 but very, very temporary unless ...

Thursday, August 1, 2024: 61 for the month; 61 for the quarter, 387 for the year
40411, conf, CLR, Anheluk 4-26H,
40263, conf, Stephens Williston, Cabot 15591-0112-3H,
40089, conf, Phoenix Operating, Jean Ferari 26-35-2 4H,
40088, conf, Phoenix Operating, Jean Ferrari 26-35-3H,
39604, conf, Hess, BL-Iverson B-LN-155-95-0807H-1,

Wednesday, July 31, 2024: 56 for the month; 56 for the quarter, 382 for the year
40412, conf, CLR, Anheluk 5-26HSL,
40176, conf, Slawson, Cyclone 5-21-16H,
40086, conf, Phoenix Operating, Jean Ferrari 26-35-2 1H,
39514, conf, Liberty Resources, Haley E 158-93-29-32-4MBH,

RBN Energy: could more NGL pipeline capacity help break the Bakken's production-growth logjam? Archived.

Crude-oil-focused production in the Bakken still hasn’t fully recovered from its pre-COVID high, partly because the western North Dakota shale play continues to face takeaway constraints, especially for natural gas and NGLs. A couple of NGL pipeline projects in the works will certainly help, but will they be enough to enable the Bakken’s increasingly consolidated E&P sector to ramp up its crude oil production? And one more thing: How will the incremental NGLs flowing south on Kinder Morgan’s soon-to-be-repurposed Double H Pipeline find their way to fractionation centers in Conway and Mont Belvieu? In today’s RBN blog, we’ll look at the Bakken’s complicated production-vs.-takeaway conundrum and the ongoing efforts to address it.

No Special One-Time Items? July 31, 2024

Locator: 48273HESS.

Link here.

F-35 Strike — July 31, 2024

Locator: 48272MIDEAST.

Link here.

Absolutely Predictable -- And It's Just The Beginning -- Just Wait Until Trucks Need To Be Electric --

Locator: 48271CALIFORNIA.

Link here.

I assume Pete Buttigieg is all over this.

From the linked article:

The Port of Los Angeles’s transition to green technology is on the blink.

The private companies that handle containers at the crucial seaport say power surges and lulls are knocking out cranes and other cargo equipment just as container terminals are relying more on the electric grid to power their operations.

The terminal operators are asking how the port expects to achieve a mandate to phase out diesel-powered machinery by 2030 when today’s power supply is so unreliable. Their frustrations highlight the gap in energy infrastructure that complicates moves toward zero-emission technologies even as companies invest big sums in the transition.

Thomas Jelenić, a vice president at the Pacific Merchant Shipping Association, which represents the terminal operators, said so far this year there have been at least nine power-related outages that have affected one or more terminals.

Jelenić said the dips and surges in voltage can be brief but can cause ship-to-shore cranes to reset. “That’s a big deal because it stops the flow of cargo from the ship to the terminals,” he said.

Several executives said the power issues are knocking out not just cranes but also the automated gates that accept and deliver boxes to trucks and the computer systems that manage the location of containers. The terminal operators must then recalibrate machinery and sometimes replace fried circuit cards before they can resume operations.