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Wednesday, December 16, 2020

Mid-Day Market; NASDAQ Hits New All-Time Record -- December 16, 2020

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. 

The market: it's likely the three major indices will all end in the green today. Right now, 2:36 p.m. CT:

  • the three indices: 
    • NASDAQ: up 81 points; hits a new all-time record;
    • Dow 30: flat, oscillating about the "0" line;
    • S&P 500: up about 12 points
  • stocks in the news, look at this BNB: up 10% today; up $13;
    • DASH: flat; perhaps very slightly negative but the day is not over
    • TSLA: down about 1.65%
    • AAPL: flat; perhaps very, very slightly green;
    • AIV: has fallen another 7% today; on the day the news broke, AIV, trading at $40 fell precipitously, is now trading at $4.69; I still think this is incredibly "wrong" the way this was done; I don't have a dog in the fight (I have never invested in AIV) but talk about manipulating the market at a very high level; the good news: the company is now paying a 43% dividend (annual dividend of $2.03 for share that is trading for $4.70 -- LOL);
  • pipelines
    • ENB: down 1.3%
    • EPD: down 2%
    • ET: down 1.2%
  • pharm:
    • JNJ: flat; down about 0.2%
    • PFE: down 2% -- rollout issues; Bell's palsy; allergic reactions being reported;
  • oil:
    • COP: down 1%
    • CVX: down 1%

MDU: acquires Wyoming construction materials business. Just in time to start putting in the infrastructure for Biden's green energy plan. 

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