Thursday, January 30, 2020

AMZN: Up 12% / Up $216 After Hours -- January 30, 2020

First things first, from The Wall Street Journal -- under President Trump, life expectancy rises in US for first time in four years. Why? Lower mortality from cancer (despite Obamacare), accidents and unintentional injuries; drug overdose deaths fell 4%.

First things first: stalled $1 billion natural gas pipeline gets backing from top US regulator. Bloomberg via Yahoo!Finance.
  • PennEast vs New Jersey
  • Enbridge Inc. and Southern Co 
  • but still facing US Supreme Court; on "life support" 
Wow, I wasn't going to look at the market for another week or so, but when I heard through the grapevine that the market turned a 200-point loss to a 100-point gain by the end of the day, I was curious.

This speaks volumes about global current events.

First, how did WTI do? Fell 35 cents; now trading below $53. OPEC in a panic. Whatever.

Now the market.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

Ones that interest me today (I hold some of these; some I don't):
  • AAPL: flat; flirting with all-time highs.
  • D: new intra-day high.
  • SRE: new intra-day high.
  • BKH: up 57 cents; flirting with all-time highs.
  • EW: this is the reason I posted this note. Up as much as $12 after-hours after earnings report; flirting with all-time highs.
  • I won't look at oil operators. Too depressing. LOL.
  • ENB: up 13 cents; intra-day high; paying almost 6%.
  • OKE: up 53 cents; flirting with new highs.
  • EPD: down 3% during the day; pays 6.52%.
  • XLNX: down 86 cents; up a bit after hours.
  • BAX: up a bit during the day.
  • IMUX: at $8.35; up four cents during the day
  • AMZN: up $216 after hours; up 12% after hours.
AMZN: earlier today there was an article suggesting AMZN was in trouble due to high shipping costs. Okay.

SecCommerce: coronoavirus will bring manufacturing back to the US. Yup.

AAPL: comments at MacRumors article, "Apple matched or surpassed Samsung for smartphone shipments in 4Q19 (or 1Q20 for AAPL):
  • so Samsung's phone business increased 67% to $2b while Apple's phone business brought in $56b. Sold similar numbers of phones... but Apple sales value is 28x higher??? (others questioned the validity of that comment, and rightly so)
  • comparing unit sales is complete nonsense when you don’t sell $50 phones (excellent observation)
  • Not to mention the "is a shipment a sale?" question. (this dude is really living under a rock?)
AAPL: in the midst of a bullish "perfect storm" and nothing likely to change in the near future.

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