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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.

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. 

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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