Kinder Morgan (KMI) and Enterprise Products (EPD) are two of the biggest oil and gas transportation companies in the U.S. Both companies operate in the midstream segment, which means their assets are comprised mainly of oil and gas pipelines and terminals. However, they are very different in terms of dividends. In December 2015, Kinder Morgan cut its dividend by 75%. It had an over-leveraged balance sheet, and when commodity prices crashed, decided to cut its shareholder payout to pay down debt. Enterprise Products has raised its distribution 59 times since its initial public offering in 1998. It has also increased its dividend for 50 qua...
COMMENT: Marty; I have to say, the forecasting on Socrates in Oil is very impressive. It picked the high and then forecast a waterfall in February even though February closed higher. From even a technical perspective, it did not appear that such a sharp collapse would unfold. Absolutely amazing KW REPLY: This is completely a pattern recognition system which is machine learning based so it constantly improves with time. It is writing its own code. Every pattern it discovers across all markets it records and assigns it a specific number. A monthly closing below 5240 will keep oil in a bearish position, but the technical support lies at the 44...
I honestly never thought I’d be short Twitter, but it’s turning out to be one of my favorite positions. The reason I doubted it, of course, is because it’s already lost EIGHTY PERCENT of its peak value, so it seems sort of destroyed already. However, it’s pretty evident the company’s business model sucks out loud (sort of like – I dunno – SNAP – which, surprise, surprise, I am also short) and I see firm support at $0.00....
Southwest Airlines Co (NYSE: LUV) early Friday [Mar 10, 2017 | 6:37am] cut its outlook for a key industry metric amid its monthly update, sending its shares lower in premarket trading. The Dallas-based airline operator first noted that airline passenger miles rose 1.1% to 8.7 billion for the month of February. Capacity also gained 1.2%, to 11.0 billion available seat miles during the month. Load factor was flat for February at 79.0%, while year-to-date load factor is down 60 basis points to 77.6%. Based on the trends above, LUV now expects its Q1 operating revenue per ASM (RASM) to fall in the 2% to 3% range, compared with year-ago levels. It...
The yen and the peso jerked higher after President Trump’s commerce secretary Wilbur Ross commented that he expected to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements. As Bloomberg reports, discussions are under way with the Finance, Ways and Means committees and the expectation is that “in the next couple weeks” the U.S. will issue the 90-day notice trigger legally required consultations with lawmakers, Commerce Secretary Wilbur Ross tells journalists in Washington. Ross spoke at a press briefing with Mexican Economy Secretary Ildefonso Guajardo Villarreal. The revamp...
WisdomTree has been innovating in the sphere of equity index development for more than 10 years, and along the journey we have learned many interesting things. One question that has come up through the results of our work is: Why is the Russell 2000 Index so popular? Russell Indexes vs. S&P Indexes Over time, S&P indexes have tended to exhibit persistent outperformance of Russell indexes. We show, over a period looking back 20 years, the percentage of rolling 3-, 5-, 7- and 10-year periods where: The S&P 500 Index beat the Russell Top 200 Index (large caps) The S&P MidCap 400 Index beat the Russell Midcap Index (mid-...
Companies added more workers to payrolls in February, the Labor Dept. reports. Private-sector payrolls increased 227,000 last month, modestly higher than January’s revised 221,000 advance. A second month of robust expansion of the labor market gives the Federal Reserve another reason to hike rates at next week’s monetary policy meeting. But while the monthly change has rebounded this year after weak growth in 2016’s third quarter, the year-over-year trend was unchanged last month, holding at a relatively subdued increase. Firms raised employment by 1.78% in February vs. the year-earlier level, matching January’s pace. That’s a hea...
Payrolls coming in strong and my stocks watchlist has a few names to keep a close eye on as the market looks to rally back towards those all-time highs for the first time since….last week. If you are interested in more of my trade setups and my real-time trade alerts, then some join me in the SharePlanner Splash Zone. Here’s the Stockwatch: Long Penn National Gaming (PENN) Long KKR & Co (KKR) Short CVR Energy (CVI)...
Written by StockNews.com Vail Resorts, Inc. (NYSE: MTN) early Friday [Mar 10, 2017 | 6:53am] posted much better than expected fiscal second quarter earnings results, lifted its 2017 guidance, and boosted its dividend by 30%. The Broomfield, CO-based ski resort operator reported Q2 earnings per share (EPS) of $3.63, which was $0.26 better than the Wall Street consensus view of $3.37. Revenues rose 21.0% from last year to $725.2 million, also easily topping analysts’ view for $708.73 million. Stemming from its strong results, MTN updated its 2017 guidance. It now sees full-year EBITDA to be between $577 million and $597 million, while net in...
Week 9 of 2017 shows same week total rail traffic (from same week one year ago) marginally improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis, rail over the last 6 months been declining around 5% – but this week shows -0.8 % (meaning that the predicitive economic elements declined from year-over-year). This week was again relatively soft. The rolling averages were mixed this week. This analysis is looking for clues in the rail data to show the direction of economic activity ...