On Tuesday evening the 14th, Bob Reby, CFP®, Founder and CEO of Reby Advisors, and I will be discussing Internet voting. It will, in part, relate to my book, Election Attitude: How Internet Voting Leads to a Stronger Democracy. Some of the things Bob and I will discuss include:
If you are interested, please register here. You will receive a Zoom invitation in the confirmation email.
As of Friday’s close, market capitalization of all the stocks I have been reporting on had incredible gains, except Boeing which pulled back a bit. Zoom zoomed to a market cap of $78 billion. Royal Caribbean had a 10% rise after acquiring the rest of SilverSea, my favorite cruise line. Tesla gained another 10% and rose to above $1,500 to a market cap of $287 billion and worth more than a bunch of the largest car makers in the world combined (the chart to the left is a week or two old). Tesla may see some headwinds after Rivian raised $2.5 billion in an aggressive plan to beat Tesla and Nikola with the first all-electric pickup truck.
The five giant tech company market caps marched on and gained more than $350 billion after gaining $300 billion the prior week. They now represent 26% of the market cap of the U.S. S&P 500. Mind boggling. Congress is on their trail and hearings will start very soon.
Note: My father gave me the following investment advice many years ago, “Don’t give any, and don’t take any.” Wise man. I am not recommending buying or selling any of the stocks, startups, crypto, or indexes I write about.
MAGFA Market Cap (07/03/20 9:00 AM EDT) | |||
Market Cap | Last | Change in | |
Trillions | Week | Billions | |
Microsoft | $1.564 | $1.489 | $75.00 |
Apple | $1.578 | $1.533 | $45.00 |
$1.001 | $0.928 | $72.80 | |
$0.665 | $0.616 | $49.40 | |
Amazon | $1.442 | $1.343 | $99.00 |
$0.00 | |||
Total | $6.250 | $5.909 | $341.20 |
S&P 500 5/31/2020 | $25.240 | $25.240 | |
MAGFA/S&P 500 | 24.8% | 23.4% | 1.35% |
Bitcoin (thousands) | $9,112 | $9,185 | -$73 |
Market Cap | Last | Change in | |
Billions | Week | Billions | |
Boeing | $102.0 | $95.9 | $6.1 |
Royal Caribbean | $10.4 | $9.7 | $0.7 |
Tesla | $224.2 | $178.0 | $46.2 |
Uber | $53.2 | $51.3 | $1.9 |
Zoom | $73.8 | $72.4 | $1.4 |
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