EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the first quarter of 2020, announced a further 14% reduction in 2020 capital expenditures, net to EnLink, and provided revisions to the company's 2020 outlook.

EnLink Midstream (ENLC) delivered earnings and revenue surprises of -60.00% and -33.84%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Let's see if EnLink Midstream (ENLC) stock is a good choice for value-oriented investors right now from multiple angles.

Trading Thursday seems like a microcosm of this market. U.S. stocks set new all-time highs in the morning. After major indices stumbled midday amid rising fears, investors once again bought the dip. Those indices did close in the red, but maintain a chance to close the week strong.Source: Shutterstock This simply seems like a more volatile market, even if volatility as measured by the CBOE S&P 500 Volatility Index is well within the historical range. And it's definitely been a split market, with tech continuing to rise while sectors like energy and retail struggle. * 7 Failing Tech Stocks to Disconnect From Now Friday's big stock charts look at three names that highlight year-to-date trading. All three stocks have made big moves so far this year. They represent three of the sectors with the most consistent -- if not necessarily positive -- performance. Interestingly, they might all have a path to at least a bounce, and maybe significant upside.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Twilio (TWLO)Source: Provided by Finviz There's a lot going on in the first of Friday's big stock charts. But from a technical perspective, at least, there's a case that the rally in Twilio (NYSE:TWLO) stock should continue: * The bullish case is that TWLO's 29% YTD rally can push the stock through resistance. The gains have created an ascending triangle pattern. A "golden cross" probably is on the way, with the 50-day moving average crossing the 200-day. TWLO probably needs more volume for that indicator to be taken seriously, but that aside there's still a solid uptrend established going back to early November lows. * The bearish case is that resistance has held around $131 repeatedly going back to last summer. Volatile trading since a mixed earnings report early this month doesn't look all that bullish. While a golden cross looms, TWLO could see a bearish inverted head-and-shoulders pattern as well. Even the uptrend looks more like a narrowing ascending wedge, often a reversal pattern. * Net/net, however, the chart looks bullish, particularly in the context of this market. Investors simply have found reasons to buy growth stocks in tech, despite valuation worries. At more than 15x trailing twelve-month revenue, Twilio has those worries. But the company has assuaged past fears about customer concentration and was one of the best stocks in the first half of 2019. It has a chance to be one of the best names in 2020 as well. VF Corporation (VFC)Source: Provided by Finviz As the second of our big stock charts shows, investors have decided that apparel maker V.F. Corporation (NYSE:VFC) is a buy under $85. The only question is if fundamental worries will change that sentiment: * Support has held repeatedly just below the current price of $84 going back to last spring. More recently, since plunging following a fiscal third quarter earnings miss last month, VFC has established a multiple bottom. The combination suggests a rally is likely at some point, particularly if the market as a whole takes another leg higher. * The one technical concern, however, matches the fundamental worries. Recent trading looks like a flag/pennant formation -- a continuation pattern. Meanwhile, V.F. Corp. has shown disappointing performance of late. Q2 earnings in October led to a sell-off. It's not as if the business is in disarray: full-year earnings per share guidance came down just pennies after the third quarter. But the Timberland brand is struggling, and the company hasn't quite delivered the numbers investors have expected. That combination raises risk ahead of the fourth quarter earnings report, likely due in May, * For now, however, VFC looks intriguing. This still is a company guiding for 16-18% growth in EPS this year -- while trading at a little over 25x updated guidance. That's a combination not available with too many stocks in this market. As long as that holds, VFC stock likely does as well. EQM Midstream Partners (EQM)Source: Provided by Finviz Lower natural gas prices have led shares of EQM Midstream Partners (NYSE:EQM) to plunge. But the third of Friday's big stock charts shows a recent bounce that could continue: * At the very least, we've been here before. EQM stock rallied almost 40% from similar levels in December. A dividend yield now over 20% might bring in investors. And while lower natural gas prices are a long-term risk, they shouldn't directly impact near-term volumes. Unless production plunges or customers go bankrupt, EQM's earnings should be able to at least hold up. With EQT Corporation (NYSE:EQT) the largest customer, customer bankruptcy risk looks manageable. * Click to Enlarge Source: Provided by Finviz One point worth noting: EQM isn't alone. The charts of other natural gas pipeline operators like Antero Midstream (NYSE:AM) and EnLink Midstream (NYSE:ENLC) look rather similar. Those stocks actually have higher yields, at 24% and 22%, respectively. Those other charts, and yields, show that there is some sector-wide logic to the weakness in EQM. * Still, there's a case that at least some investors are mistaking natural gas price weakness for future volume weakness. And there's a case that value buyers might again step in. Price and yield alone don't make a bull case, particularly in this market. Still, EQM and its peers look awfully cheap.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post 3 Big Stock Charts for Friday: Twilio, VF Corp, and EQM Midstream appeared first on InvestorPlace.

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced an update regarding its financial strategy, including a reduction in its quarterly common unit distribution and additional reductions in operating and general and administrative expenses.

EnLink Midstream has taken action to reduce total capital expenditures by about 30 percent for 2020.

Investors need to pay close attention to EnLink Midstream (ENLC) stock based on the movements in the options market lately.

EnLink Midstream, LLC (NYSE: ENLC) today announced the filing of its Annual Report on Form 10-K for the fiscal year ending December 31, 2019, with the Securities and Exchange Commission.

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today reported financial results for the fourth quarter and full-year of 2019, reaffirmed previously announced 2020 financial guidance, and provided a segment level update.

Q1 2020 EnLink Midstream LLC Earnings Call

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the first quarter of 2020, and further announced it will host a webcast and conference call on Friday, May 8, at 8 a.m. Central time to discuss its first quarter earnings and provide a business update.

Oil executives have requested the Texas Railroad Commission limit production in order to give companies respite during the fallout facing the industry.

Participating on the call today are Barry Davis, Chairman and Chief Executive Officer; Ben Lamb, Executive Vice President and Chief Operating Officer; and Eric Batchelder, Executive Vice President and Chief Financial Officer. A replay of today's call will also be made available on our website.

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced the appointment of two new directors to its Board of Directors and a new member to its senior leadership team.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Q4 2019 EnLink Midstream LLC Earnings Call

EnLink Midstream (ENLC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that, in response to recent commodity price and market volatility, it has reduced its 2020 total capital expenditures, net to EnLink guidance by approximately 30%. EnLink is reducing capital expenditures related to well connection and associated gathering infrastructure and is deferring several growth projects across its platform. This immediate reduction in 2020 capital expenditures, net to EnLink was primarily driven by several of EnLink's key customers decreasing drilling and completions activity in response to the current oil price environment.

Moody's Investors Service (Moody's) affirmed EnLink Midstream, LLC's (ENLC) Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR) and Ba1 senior unsecured notes rating. ENLC's Speculative Grade Liquidity (SGL) Rating was upgraded to SGL-2 from SGL-3. ENLC's rating outlook is stable.

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) released today its 2019 Sustainability Report, entitled "Connecting Energy to Life," highlighting the company's performance across environmental stewardship, social responsibility, and governance and ethics.