The results via Zero Hedge:
Expectations I had seen centred on:
- Headline crude -0.7mn barrels
- Gasoline -0.6mn
- Distillates +0.9mn
The results via Zero Hedge:
Expectations I had seen centred on:
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CCB's 40% NII growth & 7.1% NIM beat peers; NOVT's 34.6x P/E & MEI's 6.2x EV/EBITDA show risks.
PD beats EPS estimates but guides revenue lower. Stock drops 14.9%. Is it a buy?
S&P 500 rule change could fast-track SpaceX ($1.75T valuation) entry, forcing billions in index fund buying.
GMED's 22.3% revenue growth & 22.8% EPS growth at 19.4x P/E vs. DNOW's falling EPS & low margins at 15.9x P/E.
Oil hits $101.59 amid Iran fears; S&P 500 drops 1.5%, Dow 1.6%, Nasdaq 1.8%. Inflation worries climb.
Building materials stocks down 10.2% post-earnings. AWI misses revs, down 13%. CSL flat. UFPI down 14.8%.
Iran’s UN envoy: We are not going to close Strait of Hormuz but it is our right to preserve ‘peace and security’ in the waterway
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