Construction Spending, Earnings: Daily Contrarian, May 2
Good morning contrarians! Stock futures are gaining a bit after a brutal sell-off on Friday. Today we have construction spending, ISM Manufacturing PMIs, and more earnings on tap including $CLX $WMB $DVN and $NXPI

Read more or listen to the podcast here:
CERAWeek Oil & Gas Executive Commentary | Alan Armstrong $WMB Scott Sheffield $PXD
Some more commentary from 2022's CERAWeek conference.

The approval process for pipelines is the major hurdle when it comes to increasing energy exports. Likely one of the reasons why we are talking about oligopoly type businesses when it comes to pipeline operators -- high set-up cost, regulatory hurdles, ESG-threatened industry.

I go back to Bruce Greenwald's : "Ugly is good."
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4 years is an insane amount of time just to get approval for a pipeline project. I had no idea that there are such strong regulatory obstacles in place.
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Upcoming Earnings Calendar! (Nov 1-5)
Hey guys! Here's next week's earnings calendar! Several very interesting companies set to report earnings. Here's the one's I'm most excited about and why:

  • $APPS: any sign of iOS ad dollars shifting to android (Digital Turbine's revenues are mostly from android).
  • $Z: an update on the real estate market and iBuying
  • $LYFT and $UBER: is mobility in the US back to pre-pandemic levels?
  • $COIN metrics on the NFT market.
  • $PENN and $DKNG update on the mobile sports betting market.
  • $ATVI number of Call of Duty Warzone players. The last reported number was 100MM.
  • $CRSR: comments on the supply chain issues they're experiencing.
  • $MELI: update on the Brazilian e-commerce market. Relevant for $SE's expansion.
Comment below which earnings report you are looking forward to the most!
Friendly reminder: you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

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