Why Units of Enterprise Products Partners Rose in April Even Though Stocks Sold Off
On the one hand, the meager 0.2% rise in the unit price of Enterprise Products Partners (NYSE: EPD) in April doesn't seem very noteworthy. However, with the S&P 500 plunging 8.8% last month, according to data provided by S&P Global Market Intelligence, it stood out as one of the few bright spots in a dismal month for the market.
A trio of factors nudged the master limited partnership (MLP) higher last month. Meanwhile, it provided investors with more good news in early May by reporting strong first-quarter results.
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Source Fool.com