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Friday, November 5, 2021

Halcyon Days For Investors -- November 5, 2021

Fed hike: tea leaves now suggest first rate hike won't occur before 1Q23. That's the first quarter of 2023. That's more than a year from now. No rate increases all next year (2022): tea leaves. 

SRE: beats by one penny; beats on revenue; shares; extends losses in pre-market trading;

Pre-market: records from earlier this week are holding in pre-market

  • three major US equity indices all in the green
  • selected tickers:
    • MPC: down slightly at close yesterday; flat pre-market;
    • AAPL: down a bit at close yesterday; up slightly this morning;
    • UNP: down almost one percent yesterday (ouch -- profit taking); today, up a bit;
    • SRE: down yesterday; down more today;
    • OKE: down yesterday; up a bit
    • CLR: down 5% yesterday; up 1.32% in pre-market trading today
    • DVN: up 1% yesterday; up another 1.3% now
    • XLNX: on a tear; up 3.43% yesterday; up another 1.85% in pre-market trading; might XLNX hit $200 today?
    • oral anti-covid drugs
      • huge breakthrough: will affect other viral diseases
      • anti-covid drugs tested on unvaccinated patients only
      • comparison with ivermectin not mentioned
      • MRK: up yesterday; down now; first to announce drug; earlier this week;
      • PFE: down yesterday; up over 8% in pre-market trading; announced very effective drug overnight;

Covid-19: are folks paying attention. Huge strides in anti-viral research and results being reported. Huge. Previously posted on the blog: Covid-19: many, many silver linings to this dark cloud. Overall: something "positive" for humanity.

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