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Tuesday, September 19, 2017

The Energy And Market Page, Part 2, T+242 -- September 19, 2017 -- The Trump Rally Keeps On Trumping -- UN Speech Best Ever According To Some

More records. All three indices on track to hit all-time highs in late afternoon trading. 

NYSE:
  • new highs, 162, including: Andeavor (Tesoro); Berkshire, B & A (whoopee); Boeing, CAT, Phillipos 66 (whoopee); RDS, B & A (whoopee)
  • new lows, 17
Strange bedfellows: Kohl's will now pack and ship eligible items back to Amazon fulfillment centers. The same service is available at Whole Foods grocery stores, announced when Amazon acquired that grocery store chain.

Bye-bye? Nope, buy-buy. CNBC contributor had it exactly right today -- whether GOP repeals ObamaCare or whether it doesn't, investing in US health care companies is a no-brainer. Bottom line for him regarding health care investments: buy-buy. Buy if ObamaCare is "repealed" (wink, wink); buy if ObamaCare survives a GOP vote to repeal. I've said the same thing for months.

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