Welcome to Markets Desk, your midday read on what's moving and why.
Energy Transfer just notched its twentieth consecutive quarterly distribution increase, pushing its forward yield to roughly seven percent. For income investors, that kind of consistency in a pipeline MLP is hard to ignore — ten thousand dollars invested now generates meaningful annual cash flow, and management is clearly signaling confidence in long-term throughput demand.
Shifting to commodities, corn futures are holding steady to fractionally higher at midday, though cash prices are softer, with the national average sitting at four dollars and four cents per bushel. The headline there is a USDA-reported private export sale of one hundred one thousand metric tons, destination unknown, booked entirely for the two thousand twenty six to twenty seven marketing year — a forward commitment that suggests at least one buyer is positioning early.
And on the equity side, Jim Cramer is steering clear of SpaceX despite the company's explosive third-quarter earnings back in October. The stock surged nearly eight percent the day after that report, then gave back sixteen percent over the following weeks, closing last Friday at one hundred thirty four dollars and twenty seven cents. Cramer's read is straightforward — a strong earnings print doesn't guarantee the stock holds its gains, and the post-earnings fade here makes his case.
That's the tape. Markets Desk, signing off the floor.
