Notes From All Over -- Mid-Day Report -- Trump On Mount Rushmore -- August 10, 2020

First things first: AAPL now up 1.5%, or up almost $7/share, again trading above $451.

Sempra: Cameron LNG starts full commercial operations. Link here.

• Sempra Energy says the Cameron LNG export facility in Louisiana has begun full commercial operations under Cameron LNG's tolling agreements.
• commercial operations of Train 3 mark the beginning of full run-rate earnings under the facility's tolling agreements.
• Cameron LNG achieved commercial operations of Train 1 and Train 2 in August 2019 and February 2020, respectively.
• Sempra, which indirectly owns 50.2% of Cameron LNG, expects the facility to generate nearly $12B of after-debt service cash flows for the company during the 20-year contract period.

Market:

• Dow holds; still up 260 points at noon
  SRE: up 1.2%; trading at $131.45; still well off its 52-week high
• PE's
• Alteryx: earlier this month, 1,400, now n/a
• TSLA: 734
• AMZN: 120
• BRK-A: 51
• FB: 32
• Microsoft: 36
• AAPL: 34
• GOOG: 32
• BAC: 13
• MDU: 13
• SRE: 9
• F: n/a
• GE: n/a

New record highs: FedEx and UPS.

Plastic bags: the other day it was reported that Walmart, Target and CVS have teamed up to spent $2 billion on researching a substitute for plastic bags. Hint: Americans have already found an alternative to plastic bags: Amazon cardboard boxes. 

ICYMI: Trump on Mount Rushmore -- 

Would he be willing to share a mountain with four other presidents? Probably not. He's probably just looking into the process. There are a lot of other granite "mountains" in the Black Hills. I hope they use orange agate for the hair.