Big bank earnings tomorrow. So far ERs have been lackluster. This morning DAL and TSM missed EPS, while a regional bank CBSH beat it (and two other small companies with revenues < $50M I'm ignoring). The funny thing about DAL is Marketwatch (yeah, I know) is saying last Q2 EPS was $2.03 per share, which if true this Q2 EPS of $1.64 is a steep decline -- http://www.marketwatch.com/story/delta-profit-misses-estimates-but-revenue-rises-2017-07-13 .
I took some tiny positions in the banks, long, for earnings. I figure no matter what the earnings are, the outlook will be good with the continued raise in rates.
I'm thinking of a pullback. Right now, I'm not getting more aggressive. Earnings reactions haven't been good. What's a good natural gas stock? Not familiar with the sector, except I know CHK
EOG seems strongest from my eyes... PXD would be my second choice CHK and DVN look like the laggers to me
Side note on EOG: Theyre the only big time player that was able to keep their stake in the Barnet PXD and DVN had more leases, but their footprint was too big..... EOG somehow managed to cram about 80% of their wells in one county...... i know them well, i use to run lube and coolant to 130 of em every month
Wow new ATH for the SPX. Yields down after some soft economic data this morning, and the FED probably will move very slowly on the hike unless the economy gets a lot stronger in the second half of the year. Lately the major indexes have done better when tech stocks are up. When yields and bank stocks were up, the major indexes haven't done that great
Buy the Dip is still in effect! What was the rocket fuel starting on 7/12? Market gapped on 7/12 and never looked back - "fake news" on Trump Jr?
Why is Every market move this days, especially the negative ones are said to be instigated by Trump. That's funny. Well, I don't think so.
