Monday, August 17, 2020

Market Watch -- Mid-Day -- August 17, 2020

The market, buzz:

  • greedy?
  • unglued from reality?
  • my take: millennials' FOMO

Homebuilders: at all-time highs as sentiment jumps to record level

Natural gas: hitting high for the year earlier on, but has pulled back and is now negative. 

S&P 500: trading all all-time high but whether it holds is questionable. I think this is the fourth day that we've come close to closing at a new high but failing. NASDAQ up huge despite AAPL being negative. AAPL is off it's morning lows.

  • IMUX is down 4%.
  • UNP remains on a tear; hitting all-time new highs; up over 1%; up another $2.50 dollars/share.
  • SRE drops just below $130; down about 1.6%;
  • GM surges; up over 6%; apparently talk of a reorganization; splitting the company; 

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Follow-Up: Buffett Sells Airlines


Airline

Shr Price: 3/31/2020

Dollars: 3/31/2020

Shares

Shr Price: August 17, 2020

Total: August 17, 2020


DAL

28.53

675,000,000

23,659,306

28.02

662,933,754


UAL

31.55

675,000,000

21,394,612

34.40

735,974,643


AAL

12.19

675,000,000

55,373,257

12.62

698,810,500


SWA (LUV)

35.61

675,000,000

18,955,350

33.81

640,880,371




2,700,000,000



2,738,599,268




 



 


AAPL

254.29

2,700,000,000

10,617,799

458.43

4,867,517,401














2,128,918,133







 














2,738,599,268







77.74%








March 24, 2020


224


10,617,799


2,378,386,881

August 17, 2020


383.68


10,617,799


4,073,836,958







1,695,450,077

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Birthday Gift 

Beautiful, beautiful quilt.

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Word of the Day

Vol-au-vent. First seen today while reading Out of Africa.

My wife makes incredible petit vol-au-vent apƩritifs. Seriously.

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