Friday, August 14, 2020

Hell Just Froze Over -- Clearing Out The In-Box -- August 14, 2020

Hell just froze over! Ninth Circuit Court panel strikes down California's "high capacity" magazine ban. No, the "high capacity magazine ban" has nothing to do with the number glossy photographs of nude women in men's magazine; it has to do with firearms, things that have bullets in them. Link here

Noted for its freshness: now noted for its coronavirus -- Covid-19-In-N-Out -- in Oregon --

Oregon health officials identified an In-N-Out Burger location as one of the dozens of workplaces to experience COVID-19 outbreaks over the past month after five cases were linked to the restaurant
Health officials began investigating cases linked to the Keizer, OR, restaurant on July 18 with the most recent case connected to the restaurant identified on July 29, according to the Oregon Health Authority. But that’s just one of many workplaces to experience outbreaks of at least five cases. Altogether, the authority found 80 workplaces in the state with active outbreaks, and dozens more with resolved outbreaks. The various businesses include several other fast-food eateries, retail stores, manufacturers, a U.S. Postal Service facility and a Portland strip club.

OMY: five cases!

One wonders why Oregon? Hmmm? A tolerance for mass gatherings, demonstrations, congregations of homeless?

By the way, where is Keizer, OR? Forty-three miles south of Portland, OR, on/near I-5.

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. 

Market: holy mackerel -- lightning striking often -- I said quite some time ago that lightning will strike often among pharmaceutical companies during this Covid-19 thing. The opportunities will be there, I think, for about one year: a) treatment modalities; and, b) vaccines. "No one" has a clue who the winners will be.

The government will, to some extent, pick winners and losers, granting huge contracts. I think it will be an even "better" environment for these pharmaceutical companies under a President Harris administration.  
Today, breaking news on CNBC, McKesson spikes higher due to Covid-19 issues, up 4%; and then, this, not mentioned by CNBC:

  • IMUX is up almost 6% whose one-year target has jumped from $48/share to $60/share in the past week; it was trading for $6/share (?) when the one-year target was $48 -- and IMUX is not even a "Covid company.

Covid cough. I get a dry cough seasonally and generally annually, due to allergies. This year, I have it again. When people ask, I call it my "Covid cough." 

Politics: I don't watch television enough to see the political ads that are probably starting to appear but I've always said the president needs to go on the offensive, put Biden/Harris in "reactive/defensive" mode. He needs to take some pages from "Tricky Dick." Apparently Trump did just that this past week, raising questions about Kamala Harris' qualifications to be president. Remember the Dems raising that question regarding John McCain. John who? On another note, my wife is non-white. I once told her that Kamala Harris is "black." My wife told me I was wrong. Okay. Speaking of which, "Pocahontas" chose the wrong ethnicity when she applied to Harvard.   

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