Friday, December 4, 2020

What's The Market Doing? -- Early Morning Trading -- December 4, 2020

T: best news ever -- Warner Bros to release 2021 movies in theater and on HBO Max at same time. This is going to work out so well for WB and T this will be extended well past 2021.  T? Trending toward $30. Pays 7%.

Jobless report: minorities and women gain; overall, missed consensus slightly; but no one is complaining.

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Opening;

  • Dow: up 100 points
  • NASDAQ: up 15 points
  • S&P 500: up 15 points
  • AAPL: down again; down $1.33; trading at $121.58
  • SRE: down a dollar; trading at $131
  • UNP: up about a dollar; trading at $203.15
  • DFS: up $1.50; trading at $82.34
  • ENB: up 1.34%; trading at $33.17
  • EPD: up 1.29%; trading at $20.36

Fairly mixed despite all major indices green.

Later, mid-day: talk about rotate: utilities fall and oil soars. Amazing. 

Chinese flu watch: North Dakota remains off the top-5 list;

  • South Dakota back up over 800/100,000; back to #1
  • Rhode Island jumps to #2 -- trending toward 800/100,000
  • Minnesota, #3 -- worse than North Dakota; and rising; trending toward 800/100,000
  • Wyoming, #4
  • Utah: enters the list at #5

California lock down:

  • my wife was going to fly from Portland, OR, to Los Angeles, CA, for the holidays;
  • she already had her flight reserved with Alaska Air;
  • with the announcement by the California governor yesterday announcing that he's shutting down the state (again), my wife postponed her flight until March, 2021:
  • she called Alaska Airlines to re-schedule;
  • they changed her flight with no penalty AND gave her a $70 credit for her next flight!!
  • her trip from Portland, OR, to Santa Ana and return, FIRST CLASS: $168
  • the same flight from Portland, OR, to Long Beach, $1,000
  • both airports are more convenient to her home in Los Angeles than LAX;
  • she never, never, never flies first class but due to Covid she wanted more space and elected to fly first class;
  • she told me she wanted to be alive when the vaccine became available;

Chinese flu: California vs Texas -- it appears Texas "understands" the concept of herd immunity.

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