TRGP

Moving with the market

• TRGP +0.87% on the last session vs SPY +0.74%: +0.1 pts of stock-specific move.
• Aftermath, big gain (Oct 1): After its 59 big gains in the past 5 years, TRGP typically gained 2.2% over the next month (median) and was higher 58% of the time; half the outcomes fell between -4.0% and +6.7%. An ordinary month: +3.4%. Among S&P 500 stocks after big gains, that ranks #148 of 500.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.