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Jinjoo Lee
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Which stocks are winners and which should be avoided? ’s
columnists face off in their annual stock-picking contest. on what you need to know. #WSJWhatsNow
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Carbon capture subsidies in Senate bill could "prolong the life and relevance of the oil-and-gas industry in a net-zero future."
Heard columnist with a smart take last week:
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“No victim is perfect. No victim should have to be. After all, if a man cannot be considered abusive towards an imperfect woman, then just how perfect does a woman need to be before it becomes wrong to beat her?”
Always read :
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For those waiting with bated breath, will not raise the price of its food court soda and a hot dog combo meal, says IR exec Bob Nelson on the earnings call. "The price when we introduced the hot dog combo in the mid-80 was $1.50. The price today is $1.50."
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Just a massive news dump this evening: Kohl's says its chief merchandising officer and chief marketing officer are leaving the company. $KSS
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Heard on the Street has won the Award for Commentary! The prize is for our series last year on the economy after the pandemic with entries by &
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An important wrinkle: most clean energy options are highly capital intensive, making cost of energy/services they produce highly influenced by cost of capital. Hiking interest rates makes new energy more expensive, even as the effort is supposed to combat high energy prices. 🤔
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The Fed is increasing interest rates to combat inflation. I don't think it will work. Inflation derived from higher energy costs will be exacerbated by higher interest rates as it increases the cost of capital for energy producers.
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"More than two months after Russia’s invasion of Ukraine, crude exports from Russian ports are close to 5mbd on a 4-week average basis to 24 April, very much at the top end of the range established over the last year." from vortexa.com/insight/russia
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What does that mean? More online retailers might start considering stores. Wayfair's on this track already, so are Amazon, Warby Parker and Allbirds. Given persistently depressed valuations at some physical retailers, tie-ups/partnerships don't seem out of the question either.
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In any case, online sales have a track record of lowering profitability for retailers:
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That means it's getting more expensive to fight for that eyeball. Look at how the customer acquisition cost has grown for online pet retailer Chewy vs. physical store-heavy Petco:
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Why? Fewer people are organically searching + clicking through for online shopping now vs peak pandemic. Attention's moved to things like travel.
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The split craze is quickly becoming the new meme stock craze. Here’s what that means about the state of the market today for
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"Smokers tend to have lower incomes, so fuel costs take up a greater share of their disposable spending. Smoking prevalence among people earning less than $35,000 a year is 21.4% compared with just 7.1% for those earning more than $100,000." wsj.com/articles/big-t via
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My "at the pump" data gathering continues. During my fillup today, the Exxon store manager told me his station is now regularly running out of gasoline. Still getting the same delivery volume from the rack, but more customers doing more frequent purchases.
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US drivers trigger gasoline shortages in northern Mexico
Mexico has suspended its fuel subsidy in cities located ~45 km and closer to the US border (including Tijuana, Nogales and Juarez) to stop Americans from driving across and fill up with cheaper subsidized fuel | #OOTT
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Playing a weak hand poorly indeed. Since more barrels must be returned to SPR than borrowed, the forward markets are rallying in response. It only brings minor instant gratification in exchange for the prolonged pain at the pump.
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here's Heard on the Street's @JinjLee explaining why it's an expensive, ineffective policy wsj.com/articles/gasol
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Against the odds, extreme market forces and political will are already redrawing the global energy-supply map as Europe looks to end its dependence on Russian gas, says for
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Ollie's Bargain Outlet, a gauge for low-income consumers' economic health, yesterday:
"The very low-end consumer, people who are on fixed incomes, people who are on welfare, they're getting crunched pretty good right now."
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This piece from is spot on. How Asians + Asian Americans are paying the price of nativist fear: nytimes.com/2022/03/18/opi
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Great profile of a veteran oilman who is skeptical of predictions that oil prices will keep rising. From :
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Better-than-expected growth at dollar stores could, unfortunately, end up being a negative indicator for the U.S. economy overall.
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Dollar store investors could get shortchanged as inflation rises says @JinjLee wsj.com/articles/infla $DG
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"Oil prices are down, so why aren't gas prices?"
This question is all over the place right now. Unfortunately there is a lot of misinformation and half-truths being spread in response. Most of my [few] followers are experts, but this thread is for those who are not. 1/
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Fast-rising fuel prices will drive more traffic to Costco and BJ's. Why that's a mixed bag for those retailers :
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Can't unsee
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Now the candidates are dancing and driving cool cars as “Next Level” by aespa rages in the background
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So this was cool - called me up to talk about the stock market and our conversation is out today: "Reporter Called Jon Out, So We Called Him Up"
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My first column for the Journal: Ukraine Crisis Puts Indian Economy on the Clock for
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Who really got rich from the GameStop “revolution?” I’ve spent the past year on that question, and the photos of 5 billionaires below gives you a hint. Here’s a excerpt of my book, which comes out on Tuesday
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Europe is turning to the U.S. for help as it scrambles to secure backup energy supplies if hostilities around Ukraine imperil natural gas piped from Russia wsj.com/articles/russi via
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Heard on the Street's stars in the latest edition of the premier podcast, The Journal, about Peloton's wild ride
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The New Yorker has adorable feature interviewing schoolkids who just got vaxxed and fifth grader Joe has already internalized the CPI number:
newyorker.com/culture/photo-
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OK, this made me laugh: “Slimming down in three months is quite an accomplishment in fitness. Unless you’re Peloton, that is.” on Peloton’s fall off the metaphorical treadmill.
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