The market: "not in a million years," as they say, would I have expected the "market" to be as strong as it was today. The Dow might even eke out a slight gain before the day is over. I would have bet a fair amount that the market would have "crashed and burned" today. In fact, I thought I posted that on the blog but can't find it now. The market was primed for a huge fall today: a) profit-taking -- once a few large "sell orders" would have come through, the algorithms would have taken over -- on the sell side; b) China trade talk seems to be less optimistic today than it was Friday; and, c)
light volume. Not only did the market "hold" pretty well, but some individual stocks did very well:
- AAPL: quite remarkable, to say the least -- up another $1.75 today, on a day I would have expected a pretty good pullback
- ENB: up almost a percent
- KMI: down about half a percent
- BAX: up half a percent;
- ABBV: up half a percent;
- But look at this: Boeing up almost 5%; up almost $17 on a $365-stock
- BAX: up about half a percent
- ABBV: up about a third of a percent
- IMUX: down almost 3%; down 24 cents;
- TSLA: up 2.5%; up over $8
- CVX: down 0.1%
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, career, or relationship decisions based on what you read here or think you may have read here.
Others:
- SRE: up 0.2%, surprising
- BRK-B: down about a third of a percent
- D: down almost a percent
- F: up 2 cents; stays above $9
- UNP: up 50 cents; again, surprising
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OXY: Starting To Sell Assets
On the block:
- Anadarko assets in Wyoming, Colorado -- up to $700 million -- Reuters, published today
- 200,000 net acres
- $66 million / year in cash flow
- $700 million / 200,000 = $3500/acre (very similar to the "number" Equinor received for Eagle Ford assets
- a four-story office building in the heart of the Permian (shows how desperate things have become -- a story about selling a four-story building); Bloomberg via Rigzone;
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Global Warming Or Grand Solar Minimum?
Now We're Up To 300 -- Last Week It Was "Only" 170
From the AP:
- Arctic blast to break more than 300 records across the US
- eastern two-thirds of the continental US
- the next five to seven days won't just be cold-- they'll be record-breaking
- five to seven days
- O'Hare, Chicago:
- weather already claimed one airline incident, an American Eagle flight sliding off the runway
- by 11: 00 a.m. ET more than 600 flights in/out of O'Hare/Midway were canceled due to weather conditions
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Dallas Football
Highest paid runner in the NFL:
Ezekiel Elliott finished the evening with 20 carries for 47 yards. His longest
run was 6 yards. With 1:33 remaining and the outcome on the line, he
carried twice from the Minnesota 11-yard line, losing 3 yards.
Back-of-the-proverbial envelope:
- 47 / 20 = 2.35 yards/carry
