As of Friday’s close, Tesla market capitalization continued to climb and was at $186 billion. It finished at just above $1,000 per share. Zoom reached a market cap of $69 billion, and Uber was unchanged at $56 billion. The five giant tech company market caps marched past their already meteoric level by another $200 billion. All five companies are global, but to put their massive valuation into perspective, it now represents 24% of the market cap of the U.S. S&P 500. Shareholders are happy but government regulators and politicians are ramping up the discussion about new regulations and anti-trust hearings. I believe pressure on big tech will continue to mount. There is a push to remove liability protections which made a lot of sense in the mid 1990s when the Internet was a baby, but perhaps not now. I have included a few other stocks I follow in the list this time. Boeing is so important to not just the airlines but also space and defense. The cruise industry projected 32 million passengers were set to travel on cruise ships in 2020, up from 30 million in 2019. Almost nobody is cruising right now. Will they come back? I think so, but nobody knows.

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, crypto, or indexes I comment on.