Breaking -- The Stock Market Edition -- November 2, 2021

Updates

At the open: wow, wow, wow -- all three major indices set intra-day records. Again. 

Later, 8:42 a.m CT: wow, wow, wow. They're reading the blog. They just saw the P/Es (see below). AAPL is now up 0.84%; up $1.28; back over $150.

Original Post

DWAC: down yesterday; down a bit today in pre-market trading; trading around $60.

Note: this was done quickly and on the fly. Very little proofreading. In a long note like this, there will be typographical and content errors. If this is important to you, go to the source. Everything should be fact-checked. Facts, factoids, and opinions are interspersed; often hard to tell the difference. Pretty much click bait. This is not an investment site. It's for my benefit and if folks want to read it, that's fine with me but I would recommend they find more worthwhile things to do. I'm inappropriately exuberant about the US and about the Bakken, which is not mentioned on this page at all, except to say it's not mentioned on this page at all. 

Earnings calendar: here and at sidebar at the right.

Tickers of interest:

• Lucid: drops over 5% in pre-market trading.
  
• COP: beats. Up slightly.
• PFE: beats; shares up 2.5%. here; and, here. Apparently the dollars from the vaccine are incredible. Shares now up 3.3% at the opening. White House says there will be another 15 million doses for kids next week (not sure what "brand").
  
• ZG:
• shares "dive" after analyst highlights two-thirds of homes "underwater";
• shares fall further after report Zillow will sell 7,000 homes for $2.8 billion
• $2.8 billion / 7,000 = average of $400,000
• PSX: Morningside -- recovery is underway with higher earnings, lower debt, simplifies with buyout of PSXP;
• XLNX: up 2% back on October 28, 2021, when earnings announced; yesterday, surged; was the smart money right about XLNX?
  

Warren Buffett's: words of advice -- best sectors to be in during periods of inflation. Click bait. Not sure who said what. Buffett, the writer of the article, or someone else. Very, very old school. Whoever said this, said it a long time ago, BC: before cryptocurrency. But for the record, these companies mentioned: Nike, Apple, Levi Strauss. 

PSX: Morningside -- recovery is underway with higher earnings, lower debt; simplifies with buyout of PSXP.

ON Semiconductor: Morningside -- impressive 3Q21 boosts our confidence in the company's ability to achieve long-term targets; FVE to $48.

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There are so many companies reporting today, it's going to be impossible to keep up.

Hertz / Tesla: not so fast. No contract signed. Elon Musk tweets exactly what I was thinking. He saw Hertz getting an "unfair" deal compared to his other customers. He says Hertz was going to buy these vehicles at a discount.  Musk: "Hertz deal has zero effect on his company's finances."

I looked at only a few ticker symbols yesterday -- maybe more on that later -- but this morning, I checked almost everything that interests me and I think I'm ready to get on the sidelines through the rest of the year. And maybe more on that later, also. Don't know. It's sort of like, "how can things -- for investors -- get any better?" 

P/Es:

• AAPL: 26
• EOG: 28
  
• COP: 48
• HES: 134
  
• really?

To report today, at the opening:

• COP: up 0.35%; up   26 cents; trading at $74.80;
  
• BKH: down 0.46%;
  
• CHK: down 0.33%;
  
• DVN: up 0.19%;
  
• ZG: down 5.03%;
  
• PFE: up 0.64%;
  
• ONEOK: down 0.17%
  
• STE: flat, up maybe 0.02%
  

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Colorado Covid

Updates

November 7, 2021: governor declares emergency; "ration care" goes into effect." Graphics here.

Original Post

Covid-19: Colorado

• most interesting Covid-19 story yesterday that caught my eye
• Colorado: 80% vaccine rate
• but, look at this: "hospitals in Covid-19 crisis"
• data and graphics here; many observations can be made
  
• hospital system ready to begin rationing care; can't cope with the surge
• and why is this happening, according to the governor?

“It’s the 20% who haven’t been vaccinated that are filling up our hospital wards,” Polis said at a news briefing in Denver. 

“We would have none of these hospital capacity issues, or orders would be operative, if everybody was vaccinated.” 

“This is particularly tragic now because it’s essentially entirely preventable,” Polis said. 

The state may soon ask the Federal Emergency Management Agency to a Colorado has one of the highest vaccination rates in the U.S. though hospital bed occupancy in both intensive care units and medical-surgical units has been averaging about 90% in recent weeks, officials have warned. 

Nearby Idaho, a state with one of the lowest vaccination rates in the U.S., is actively rationing hospital care. 

On Sunday, Polis issued an executive order to allow hospitals to turn away new patients. The state has also placed limits on cosmetic surgery and is shifting monoclonal antibody treatment for Covid-19 out of hospitals to mobile clinics.

Buffy the Covid-slayer hospitalized. Kristy Swanson in ambulance ride with Covid-19. Resume: anti-vax actress and vocal anti-vaxxer. Response here.

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