This morning, trading was muted to kick off a week chock full of significant data releases. Market watchers can expect key housing, labor market, and inflation data starting Tuesday with the Job Openings and Labor Turnover Survey release for February. We’ll get a clearer picture of strength in the housing market following record price growth in 2021 with January’s reading of the S&P Case-Shiller National Home Price Index, also slated for tomorrow.
Today we’re highlighting a name poised to capture the lion’s share as global demand for renewable fuels escalates.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]
The world’s largest independent petroleum refiner and the second-largest producer of renewable fuels, Valero Energy (VLO) is poised to gain on escalating global demand for refining and increasing margins.
The company’s products include gasoline and kerosene, diesel oil, jet fuel, lubricating oils, as well as non-fuel petroleum derivatives like asphalt. Its Diamond Green Diesel joint venture is the world’s second-largest producer of sustainable renewable diesel, which gives the company a degree of protection from pricing and political pressures.
VLO’s share price has risen 46% since hitting its bottom in August last year, thanks to support from rising earnings and revenues. Most recently, Q4 revenues jumped 116% year-over-year, passing the $28.6 billion forecast to hit $35.9 billion. Adjusted earnings came in at $2.47 per share, the third quarter in a row of EPS profits and well above the year-ago quarter’s $1.06 EPS loss.
Valero rewarded shareholders with $401 million in dividends for Q4 and $1.6 billion for 2021, holding true to its nine-year history of increasing its dividend. For the full year, the payout was a sustainable 50% of net cash flow from operations. VLO’s current dividend payment of 98 cents per common share annualizes to $3.92 and gives a 4.5% yield.
Where to invest $1,000 right now...
Before you consider buying Valero, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Valero.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Banyan Hill Publishing:
Just $2 a Share Today — The No. 1 Investment of the 2020s
New technology’s user base growing at 5X the speed of the internet in the 1990s. Could dwarf dot-com boom. [Click here to get details on $2 stock now.]