Are we fighting the Fed?

Or are we loosing! 😳😑

Author

Atreya Sinha
February 17, 2023

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Dow Jones(-1.10%) S&P 500(-1.40%) Nasdaq(-0.98%)

This week was all about the PPI data. The Producer Price Index (PPI) report increased 0.7 percent in January, seasonally adjusted, according to the U.S. Bureau of Labor Statistics. Prices for final demand energy rose 5.0 percent over the course of the 12 months ended in January, while prices for final demand goods less foods 🍱, energy ⚡, and trade services also increased 4.5 percent.

The PPI data shows that inflation deceleration is still in its early days - according to JPMorgan's Santos

  • Mercedes-Benz flags🏁 market uncertainty despite 2022 earnings boost

  • 🛬 Air France-KLM sees robust bookings after better-than-expected quarter

  • DoorDash stock pops after revenue beat, rosy🥀 guidance

  • Paramount+ plans price increases☝️ as it hits 56 million subscribers

  • Cisco beats earnings and revenue estimates, boosts🚀 full-year guidance

  • Roblox stock up 26% after fourth-quarter earnings💸 report beats estimates

  • Barclays posts 19% 🛝slide in annual net profit after costly U.S. trading blunder; shares sink

  • Airbnb beats on 💰profit and revenue, stock is up

  • Shares of Palantir pop as it reports first profitable quarter📅

🌶️ Amazon tells employees to be in the office at least three days a week

👀 Popping

💫 Position of the Week - PDC Energy (PDCE)

Last week we added two energy companies to our portfolio. We talked about Pioneer Natural Resources last time and this week its time to shine some light on PDC Energy (PDCE).

This week, we're focusing on why PDC Energy (PDCE) is a great investment.

PDCE is an independent oil and gas exploration and production company based in Denver, Colorado. It has a strong portfolio of assets located in the Permian Basin, Uinta Basin, and Williston Basin regions of the US. It is currently the fourth-largest producer of oil and natural gas in the Permian Basin.

PDCE has seen strong growth in recent years, with total production increasing by 19%. This was due to increased capital expenditure, which allowed PDCE to increase its drilling activity and tap into higher-value assets.

PDCE has also recently announced plans to expand its operations into the Delaware Basin, one of the most attractive oil and gas basins in the US. This move is expected to create significant value for the company, as it will exponentially increase its total production and reserves.

PDCE is also a great investment due to its attractive dividend policy. The company currently pays a dividend yield of 2.13%, which is significantly higher than the 2.1% industry average.

Overall, PDCE is an attractive investment due to its strong portfolio of assets backed by a solid financial position and its attractive dividend policy.

We hope you found this week's edition of the newsletter informative and helpful. Have a great week ahead!