Dr Strangelove And Investing -- Mid-Morning Trading -- February 13, 2023

Bullish: for mom-and-pop retail investors, long oil, nothing could be more bullish, previously posted, link here: 

“I propose that we quadruple the tax on corporate stock buybacks to encourage long-term investments instead,” Biden says, adding that these oil companies will “still make a considerable profit” after the suggested tax hike.

Market:

• oil: $79.44.
• CVX: down a bit
• PSX: down slightly
  
• DVN: down slightly;
• MPC: down 1%
• ENB: up slightly
• EPD: up slightly; mostly flat;
  
• semis
• TSM: up slightly;
• INTC: up nicely today
• AAPL: up a remarkable 1.14%; up $1.75; market cap at $2.42 trillion;
• MSFT: up a remarkable 3.54%; up over $9; market cap at $2.03 trillion;
  
• streaming wars
• CMCSA: up a remarkable 1.45%
• DIS: down 0.75% on a day the market is very, very strong -- suggesting again, that once analysts really took a look at the Bob Iger interview with CNBC last week, "there was no there there" and in fact the picture was ore grim than the smile Bob Iger had on his face. Fool me once ...
• EVs (don't even get me started):
• GOEV (Canoo): down almost 7% today; trading well below a buck now;
• ARVL: down over 4% today;
• LCID: down slightly; trading right at $10
• RIVN: down almost a percent -- again, on a day that the market is very, very strong; trading just below $19
• F: up 1.61% -- having a great day
• GM: up a bit;
• big cap, recovery:
• DE: up a bit;
• UNP: up nicely; up 1.45% trading at $208;
• great news for the rails: there will be more derailments;