I was disappointed today that the market did not do better than it did. Up only 327 points for the Dow. I expected much more. I alluded to that yesterday (Sunday) and again this morning before the market opened.
After all, we now have a cure for the Chinese flu (Regeneron) and too many vaccines to count (AstraZeneca, Moderna, Pfizer, Russian variant, Chinese variant, and the list goes on) ... and it looks like health care providers will get vaccinated as early as December 12, 2020 .... so I expected a much better day for the market ...
... and then during the day, we got even more good news. President Trump is moving toward a smooth transition for Biden .... he has instructed the deep state, the swamp (the GSA, to be specific) to go ahead with plans for the transition ... so, yes, I was disappointed not to see a bigger day for the Dow.
So, what are futures tonight?
The Dow is up 260 points (10:30 p.m. CT). Futures. [Later: 11:12 p.m. CT: up 286 points, Dow futures.]
But then again, futures don't mean a thing.
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.
Yesterday, I had a very, very long post on the new Apple M1 chip which is setting all kinds of records. It is the first chip with 16 billion transistors that is available for the individual user like you and me.
The list is too long to reproduce but I need to point out something that I missed the first time (actually, I did not miss it; I simply did not want to bring up yet another data point in that very, very long note).
So, I have posted a "reader's digest" version of the list since 2018 when Apple introduced the Apple A12X used for its iPhones.
Chip
# transistors on the chip
Year
Designer
Six transistors
Apple A12X
10 billion
2018
Apple
7 nm
Fujitsu A64FX
9 billion
2018
Fujitsu
7 nm
Tegra Xavier SoC
9 billion
2018
Nvidia
12 nm
AMD Ryzen
6 billion
2019
AMD
7 & 12 nm
TSMC
HiSilicon Kirin
8 billion
2019
Huawei
7 nm
Apple A13
8.5 billion
2019
Apple
7 nm
AMD Ryzen
10 billon
2019
AMD
7 & 12 nm
TSMC
HiSilicon Kirin
10.3 billion
2019
Huawei
7 nm
AWS Graviton 2
30 billion
2019
Amazon
7 nm
AMD Epyc Rome
39.5 billion
2019
AMD
7 & 12 nm
TSMC
Apple M1
16 billion
2020
Apple
5 nm
HiSilicon Kiri 9000
15.3 billion
2020
Huawei
5 nm
There are twelve chips on that very, very short list. Look at the designer. Everyone should recognize Apple and AMD. Most will recognize Huawei. But then, look at #9 on that list, and based on the number of transistors on its chip would be ranked #2 (30 billion transistors) to #1 AMD/TSMC (40 billion transistors).
AWS. Amazon Web Services. Designer: Amazon.
That simply blows me away. Who knew? This speaks volumes about Jeff Bezos and Amazon. Again, who knew? Never discussed in the mainstream media. Wow, if it weren't for blogs like this, no one would ever know. LOL.
********************************** Steve, Oh, Steve
Still one of my favorite video clips of all time.
That was 2007.
Fast forward to 2020, November 23:
Market value:
MSFT: $1.589 trillion
AAPL: $1.936 trillion
Wow, I miss Steve Jobs.
Link here. Best ten-minute presentation ever. 2007. Which by the way was the same year the Bakken revolution in North Dakota began.
Jobs' bare bones presentations back in 2007 still beat out the slick Tim Cook presentations in 2020.
Tim Cook must have remembered that presentation -- now, Apple is making its own record-setting chips. And for the most part, price points have not changed appreciably. Imagine all the money that went into R&D for putting 16 billion 5-nm transistors on a chip.
************************************** The MOS-Integrated Circuit Technology
The development of MOS integrated circuit technology in the 1960s led to the development of the first microprocessors.
The 20-bit MP944, developed by Garrett AiResearch for the U.S. Navy's F-14 Tomcat fighter in 1970, is considered by its designer Ray Holt to be the first microprocessor.
It was a multi-chip microprocessor, fabricated on six MOS chips. However, it was classified by the Navy until 1998. The 4-bit Intel 4004, released in 1971, was the first single-chip microprocessor. It was made possible with an improvement in MOSFET design, MOS silicon-gate technology (SGT), developed in 1968 at Fairchild Semiconductor by Federico Faggin, who went on to use MOS SGT technology to develop the 4004 with Marcian Hoff, Stanley Mazor and Masatoshi Shima at Intel.
wells will be sited 409' and 422' FSL and 1704' FWL and 1661' FWL, respectively
SESW 32-153-93;
One permit renewal:
BR: an Abercrombie permit in McKenzie County
********************************* The CLR Harms Federal Permits
Wow, talk about "gerrymandering."
The permits are for wells that will be sited in Elm Tree oil field (important note: CLR "owns" Elm Tree) but the wells will run north, run under the river into the Antelope oil field. The Antelope oil field is a very irregular field (not uncommon in the Bakken) but the two sections in the are northeast that run under the river certainly make this a most unusual-looking oil field.
Be that as it may, here are the two producing wells in that section. Most likely, the new wells will be on the same pad:
22817, 439, CLR, Harms 2-32H, Elm Tree, t8/13; cum 406K 9/20; this well has been an incredibly good, stable producer; this is the kind of well small mom-and-pop mineral owners simply love;
22818, 706, CLR, Harms 1-32H, Elm Tree, t12/13; cum 362K 9/20;
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.
Note: I often misread things; see things that are not there. If this is important to you, go to the source.
Speaking of dividends: I completely missed this one. Link here.
The quarterly ENB dividend runs about 60 cents/share on a quarterly basis.
Note that the most recent declaration is for $1.233.
That extrapolates to an annual yield of:
$1.233*4 = $4.892
$4.892 / $30 = 16.3%.
Obviously that's not going to happen -- that this distribution will be maintained throughout 2021, but it is a nice Christmas present, I suppose.
The one-year target for this $30-stock is $41.
********************************* Line 3
Speaking of Enbridge, this screenshot from November 23, 2020:
My regional bank website is optimized for Google Chrome because its security features are not as robust as Safari. Seriously: tech support at the bank told me that when I was re-establishing my log-in password.
The ND site for quarterly lease sales is optimized for Google Chrome.
I still prefer Firefox.
I almost never use Safari, but that may change. But, wow, Firefox works.
I never, never, never use Microsoft IE. I believe Microsoft's browser is now called Edge.
influenza-like illness visits were the same as previous week: 1.5%
remains below the national baseline of 2.6%
Iowa, the lone state last week for increased activity, has now been removed
the entire country practically all green (good)
Mortality:
10.7% of deaths were attributed to pneumonia, influenza, or Chinese flu: this is above the threshold of 62%; the majority of PIC deaths are due to Chinese flu.
Lab testing:
of 18,482 tests administered in that one week, all of 41 (0.2%) came back positive
