Is this the reason behind pre-market trading right now? The article was posted at 3:48 a.m. ET, this morning, December 27, 2019.
Yesterday, midday, from CNBC yesterday: stocking making the biggest moves -- Amazon, Apple, Marathon Oil.
- AMZN: Shares of Amazon jumped 4.5%, leading the gains in the S&P 500, after the e-commerce giant said it has just had its best holiday shopping season ever. Amazon said in a statement that “billions” of items were ordered worldwide and “tens of millions” Amazon devices were purchased.
- MRO: Shares of the exploration and production company gained 0.5% as oil prices hit a 3-month high. Apache, Occidental, ConocoPhillips and Diamondback were among the other energy names up more than 1% as trade hopes and a drawdown in U.S. inventories fueled oil’s gain.
MPC: down fifty cents yesterday, almost a percent; not trading yet today; raw product getting more expensive to buy; should be able to pass on costs to consumer;
As a reminder, from wiki:
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and over 3 million barrels per day of refining capacity.
Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.Back to Amazon. Simply blows me away. It seems the press can't get enough of the negative stories about Amazon: working conditions; theft by employees delivering packages; monopoly; never making a profit; yada, yada, yada, but as a consumer, it certainly seems Amazon didn't miss a beat this holiday season. I forget what it was, but Amazon added another perk for those who subscribe to Amazon Prime. I think this was it, saving money on streaming:
- Amazon Prime members save 50% per month on Starz, Showtime, Epix, and 14 more channels
- in addition, at absolutely no additional cost, some "pretty solid" new content coming to Amazon Prime -- between Amazon Prime and Pluto I have more free streaming than I can possibly absorb
- five million people signed up for Prime last week
Quick: what is the etymology of "mogul" -- powerful person, not the term for a bump on the ski slope.
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