Member Info for JohnLewis79

Unofficial All Share Index guide to rankings as at June 2nd, 2020.

1 AstraZeneca 112.089bn
2 RDSA +B 102.519bn
3 GSK 82.811bn

660= Nanoco 40.9m
660= TP Group 40.9m
661 ReNuron 40.6m

Quiet in Asia, the not so bad news keep mrkts ticking up in the main despite warnings it's been too fast, too high & too soon.
At 1:30 JST
TK +86
HK +37
SH -7
SK +27

Covid-19
05:30
GMT
Total cases 6,702 700
China 83,027 +5
Total deaths 393,212
China 4634

Countries 213
(Selected)
USA 1,924,051 (10,014)
Brazil 615,870 (34,039)
Russia 441,108 (5384)
Spain 287,740 (27,133)
UK 281,661 (39,904)*
Italy 234,013 (33,689)
Germany 184,923 (8736)
Indonesia 28,818 (1721)
Malaysia 8247 (115)

* 176 deaths yesterday
* 1805 infections increase
* 4151 cases per 1m pop
* 588 deaths per 1m pop
* 5m total tests
* 73.8k tests per 1m pop

Summary
Total cases 6,702,700
New cases 10,014*
Total deaths 393,212
New deaths 926**
Recovered 3.252m (49%)

* 4442 Mexico
* 3985 Pakistan
* 607 Bolivia

** 816 Mexico
** 68 Pakistan
** 15 Bolivia

Boeing stock gained 5% pre mrkt opening when Air Transport Services Group said it was leasing 12 Boeing 767/300 converted transport aircraft to Amazon. Boeing ($180) was the only Dow 30 to post blue nos at the bell. It's also benefitting from the rapid increase in air passenger travel some 100,000 (71%) up on April daily nos. The Dow opened 130 lower as Oils & Stores took the brunt of early selling. A quick about turn saw a 100 point rally led by recent investor faves gaining in early trading. The NSDQ 100 not to be outdone posted a new intraday high at (9716).

New jobless claims cont to fall, 1.8m filed down to the Job Centre to sign on. Total new claims over last 11 wks number 42.6m around 20% of the workforce. However several million have returned to their jobs which have not showed up in the nos to date. On the Health front new virus infections across the US are matching the nos of recent days, around 20,000 new cases per day. Fatality rate of 6%.

London closed off 41 at (6341) the Dow flat at 2671 on a below average 160m traded at half time. The days range was c.240 drops quickly bought into and tops sold out of, keeping the money turning over. Corona-v stocks were quiet only Gilead showing gains up $2.35 to $77.
US Airlines improved on American reporting they expect to reach 55% of domestic capacity in July against last year and 20% of international. Shares ($15) shot up 30% on triple the average daily volume of 71m shares, leading a rally across the sector with United gaining 15%, Southwest 7% and Jet Blue 15%. The catastrophe could have just been averted. Hertz breathed a sigh of relief and nearly doubled on the American Airways news to $1.50 as they are Airport based and would expect to benefit on the increase in traffic.

Oils, WTI ($37.44) & Brent ($39.96) were flat in the main after the 90% rally in the OP in April, flattered by the -$37 price. China demand is back to 90% of pre crisis levels but conflicting reports on Russia/Opec talks about cutting output has kept a lid on prices and that c.1billion barrels of unsellable crude is lying in storage around the world, that's a 10 month inventory build to shift, causing indigestion.

A choppy session saw the Dow climb 230 in the last 30 mins to close at (26282) the 4th straight.
Only a second wave of corona-v can stop the mrkts headlong advance. The nos, huge $trillion deficits, massive unemployment will become the new norm you either ride the Bus or stop the world I wanna get off.
DJ +12 (26282)
SP -11 (3112)
NS -67 (9615)
R2 U/C (1452)
WTI $37.35
10y/tb 0.819%

Nos: Oil $40.05. Vix 26.
Gold $1716. Palm $651.
$1.259. €1.126. IDR 13945
PI 6812. FP 6682. MSCI(W) 528. FF+25. DF +115.
Morning all.

Could well be edwinj but whether the two follow each other religiously I doubt. In the long run I'm sure they do on a day to day basis other factors are more likely to move sp's imo...

Short'termers taking profits this morning on reduced volumes. It's not a Friday is it?
Likely to keep the stock sub 60 heading into next week.

You have to go back to wk2 for REAs best wkly gain (9p). So this wk might only be the 5th wkly up since then. Wont better the +9 in early January closing at 179.5 (32,500) trades & cpo ($829) but I'll take any gain offered as they are so few.

Covid-19
06:00
GMT

Total cases 6,573,585
China 83,022 +1
Total deaths 388,041
China 4634

Countries 213
(Selected)
USA 1,901,783 (109,142)
Brazil 584,562 (32,568)
Russia 432,277 (5215)
Spain 287,406 (27,128)
UK 279,856 (39,728)*
Italy 233,836 (33,601)
Germany 184,425 (8699)
France 151,677 (29,021)
Indonesia 28,233 (1698)
Malaysia 7970 (115)

* 1871 infections increase
* 359 deaths yesterday
* 4124 cases per 1m pop
* 585 deaths per 1m pop
* 4.8m total tests
* 70.5k tests per 1m pop

Summary
Total cases 6,573,585
New cases 10,890*
Total deaths 388,041
New deaths 1253**
Recovered 3.171m (48%)

* 4801 Pakistan
* 3912 Mexico
* 647 Bolivia
* 582 Brazil

** 1092 Mexico
** 82 Pakistan
** 24 Bolivia
** 21 Brazil

Little change in Asia, morning trade is out of sorts, looking to a weak start in Europe and the US.
Currently the Kospi is the best Far East performer down 2% ytd followed by TK & SH both down 4% and HK 13%.
At 1:00 pm JST
TK +1
HK -13
SH -6
SK +3

Dow futures on Tuesday night predicted a strong opening for equity mrkts on Wed. The ongoing civil unrest, curfews, virus infections, 40 million unemployed and Trumps poor poll nos down from a approval rate of 46% to 41% we're dismissed. Instead Investors are focussing on the reopening of businesses and companies trading again.
So despite the gloomy headline news the mrkt is anticipating the country will get through the crisis. Positive signs are emerging, personal incomes up 11%, new jobless claims falling, housing back to life, people on the move again, record low rates and US non farm employment nos smashed expectations losing 'only' 2.76m jobs against a predicted 9m. Wall may have decoupled from Main St further than usual but it's a forward looking machine whereas Main looks at the 'here and now'.

Good news from Asia and European mrkts, helped the Dow to cross the 26,000 level two hours after the bell and took just 6 days after hitting the 25,000 mark. At 26,270 the Dow has put on c.7700 in 9 weeks. It's been an historic turn'around, the best 50 day stretch for the 3 main indices since the 1950s. I think the mrkt despite the alarmingly bad news flow these last 10 weeks have bet the house that once free of corona-v the American economy will once again defy the nay'-sayers powering on upwards because it believes the damage to the economy will be temporary. Supported by cheap money, Govt stimulus and good old Yankee 'get up 'n Go', the bull will be restored to his rightful place next year.

Financials, industrials & energy have led the mrkts recovery to date. Airlines have not been stuck on the runway, Delta, American & United are up 26%, 11% & 26% respectively this last month and the 'sell in May' crowd betting against Mr Jones are nursing a 2243 loss....ouch! Hertz hit a 78c low and Corona-v stocks were little moved.
A drop in the final minutes took a bit of shine off a '500 pointer' day.

DJ +527 (26,270)
SP +42 (3123)
NS +75 (9683)
R2 +34 (1452)
WTI $36.48
10y/tb 0.743%

Nos: Oil $39.14. Vix 26.
Gold $1706. Palm $652.
$1.254. €1.118. IDR 14136
PI 6847. FP 6657. MSCI(W) 529. FF-30. DF-60.
Morning all.

.......to the session following the two 50,000 buys at 56 first thing. A lumpy 100,000 at 60 bouys well for the sp and H1 nos that might surprise. Vol to date c.390,300.
Only MPE (560) fell today on a down day for cpo ($659). On a up day for the ftse the Food Products sector fell 97 (6657). Ups n' downs, t'was ever so...

Sporadic outbreaks of infections are a reminder that until a vaccine is found corona-v will always be present in one form or another. TK saw a 34 spike in infections this morning and SK reported 49 new cases and 1 new death.
However mrkts generally have other concerns and play follow my leader the US....so equities are on the rise across the Pan Pacific regions.
At 1:30 pm JST
TK +219
HK + 287
SH +15
SK +58
ASX +79
TAIEX +159
JSX +47
KLCI +12
STI +47

Covid-19
04:00
GMT
Total cases 6,485 571
China 83,021
Total deaths 382,412
China 4634

Countries 213
(Selected)
USA 1,881,205 (108,059)
Brazil 558,237 (31,309)
Russia 423,741(5037)
Spain 287,012 (27,127)
UK 277,985 (39,369)*
Italy 233,515 (33,530)
France 189,220 (28,940)
Germany 184,091 (8674)
Indonesia 27,549 (1663)
Malaysia 7877 (115)

* 1653 more infections
* 324 deaths yesterday
* 4097 cases per 1m pop
* 580 deaths per 1m pop
* 4.6m total tests
* 68k tests per 1m pop

Summary
Total cases 6,485,571
New cases 6394*
Total deaths 382,412
New deaths 553**
Recovered 3.023m (47%)

* 3891 Mexico
* 1569 Brazil
* 460 Bolivia

** 470 Mexico
** 33 Bolivia
** 31 Brazil

As civil unrest escalates in America Trump lays down the law. He addressed America last night saying he would deploy the military to protect citizens and their property from looters and thieves. "The problem will be solved quickly" he said. NY and 36 other cities imposed curfews from 11:00 pm to 5:00 am and thousands of police patrolled the streets looking for trouble makers. The curfews were ignored in LA & Houston.

Dow futures & equities are not bothered with the breakdown in law and order, nobody invests to make the world better just to make money, sad but true. The gulf between Wall and the 'Street' now wider than ever as the mrkt pushes equities ever higher. The Dow opened up 147 and the trade off between the economy and share prices looks evermore unsustainable. The bear lobby are waiting for signs of any longterm weakness in co earnings. Their pickings have been slim of late. More than a few see the Dow running out of steam and heading down to 21,000 level. Testing the Dows all-time high of 29,551 (12/2) might be a step too far. By the end of Feb the Dow lost 4142.

As London closed up 54 the Dow had put on 125 with Dow inc, Exxon, Boeing & Cat adding and Intel, Wallmart, Raytheon heading south. Corona-v stocks were having a bad day, Novavax & Moderna down 7% and Gilead off 3%. Hertz cont falling, psssst "going cheap Mister you wanna buy only 84c ?" Currently c.60,000 accounts hold Hertz stock up from 1000 in January. Buyers have been piling in from $8. Buying a bankcrupt Co rarely pays dividends. Zoom one of the big 'stay at home' winners this year reported sales up 170% ($328m) net income $27m but it's the year end forecasts of $1.9bn revs that's exciting investors. Shares down $3 to $205 and flat ytd, with more returning to work have we seen 'peak' Zoom?

Oils were better as Trump and Putin discussed extending output cuts. At $45 a barrel c.30% of North Sea oil is uneconomic to lift and estimates of a 16mbo/pd drop in Q2 demand is hardly bolstering prices. Oil is not about to run out it has 43 declining years left in the tank so to speak so inevitably prices will rise in the future if other energy sources don't pan out as expected. By the close the Dow had gained 267 (170 in last 35 mins) to end another in the money day.
DJ +267 (25,743)
SP +25 (3081)
NS +56 (9608)
R2 + 13 (1418)
WT1 $37.44
10yr/tb 0.706%

Nos: Oil $39.59. Vix 27.
Gold $1731. Palm $664.
$1.248. €1.122. IDR 14491
PI 6780. FP 6582. MSCI(W) 520. FF+45. DF +70.
Morning all.

One day in and volumes are surprising the hell out of me c.132,320 traded yesterday split c.73,000 buys v c. 59,300 sells following last wks 345,000 total.
The interest has lasted far longer than I thought following the flash crash one month ago. Outside of the stock being considerably under valued (if you believe in Nav, Ev and other such things).

I see no other pressing reason to invest here, no dividend to recompense you for the risk and in an unloved sector it's an uphill struggle. Cpo prices have risen c.$80 since virus low the sp has traded sideways but so have other palm stocks so to what tune they beat to I dont know. I assume there is a connection to cpo prices but it seems a very loose one atm. I often wonder if planting jelly beans would be a better option for REA.

As someone once said
" its events dear boy, events" and I'll settle for that, as good as any other explanation I can think of...
I liken owning REA to drinking warm beer 1/3 acceptable, 2/3 a dull headache. A offering of least and leastest at present.

Indonesia keeps its export tax at zero for June the third month of no tax.

Covid-19
05:30
GMT
Total cases 6,370,762
China 83,022 +5
Total deaths 377,515
China 4634

Countries 213
(Selected)
USA 1,859,323 (106,925)
Brazil 529,405 (30,046)
Russia 414,878 (4855)
Spain 286,718 (27,127)
UK 276,332* (39,045)*
Italy 233,197 (33,475)
France 189,220 (28,833)
Germany 183,765 (8618)
Indonesia 26,940 (1641)
Malaysia 7857 (115)

* 1570 infection increase
* 566 deaths yesterday
* 4072 cases per 1m pop
* 575 deaths per 1m pop
* 4.3m total tests
* 63.2k tests per 1m pop

Summary
Total cases 6,370,762
New cases 8462*
Total deaths 377,515
New deaths 360**
Recovered 2.91m (46%)

* 2771 Mexico
* 3938 Pakistan
* 549 Bolivia

** 237 Mexico
** 78 Pakistan
** 30 Bolivia

Better in Asia this morning though Trump & China weigh on investors nerves. Softbank shares surged boosting the Nikkei and stocks in SK & HK gained, SH off 3 on local factors.

Investors here are of the opinion that global health and wealth appear to be on the mend and economies are righting themselves along a U based recovery. The two bigest economies in the region outpacing the US on the road to recovery the Nikkei down 6% ytd and SHCOMP off 4% the Dow 11%.
At 1.00 JST
TK +258
HK +101
SH -3
SK +16

Called 80 better at open the Dow opened 40 down on back of China ordering State Agri Companies to stop buying pork and soybean from American farmers. Sellers soon got the upper hand noting that civil unrest had spread to over 20 cities, noone wanted to hold stocks however small an impact this would have economically while the National Guard were on the streets to 'subdue' rioters.
By late morning the Dow had recovered into plus territory perked up by Southwest Airlines reporting they had rec'd the 2nd pay roll tranche of $651.8m, shares added $1.50 to $33.50. Corona-v stocks were in demand, Novavax up $4 ($50), Moderna up c.$1 but Gilead slipped $3 ($76) on unenthusiastic responses to their phase-3 trial that showed limited benefits and some 'problematic' call options trades before the FDA granted the 'go ahead'. Hertz a popular play of late fell 12% to just 0.89c as holders & punters gave up on the counter. Their huge $19bn debt, negative cash flows and 700,000 cars idled in car parks depreciating hourly was too much for even the most hard bitten investor.

On the economy the ISM index showed signs of life rising to 43.5 from 41.5 (50 the median line). The index tracks new orders, employment & output and is suggesting that the worse could be over for now. Construction spending fell 3% in April and Manufacturing Activity remained in down mode in April yet the market continued to climb albeit at a slower rate.
Boeing up 4% ($151) led equities 100 higher in the pm session with GS, JPMC, Exxon and Travellers while Pfizer sank 7% propping up the losers. Dow vol was 341m traded well below daily average.
At close:-
DJ +92 (25475)
SP +11 (3056)
NS +62 (9552)
R2 +11 (1405)
WTI $35.52
10yt/b 0.651%

Nos: Oils $38.59. Vix 28.
Gold $1752. Palm $657.
$1.248. €1.122. IDR 14491
PI 6742. FP 6662.
MSCI(W) 509. FF +12. DF -100.
Morning all.

Covid-19
06:00
GMT

Total cases 6,267,408
China 83,017 +16
Total deaths 373,961
China 4634

Countries 213
(Selected)
USA 1,837,170 (106,195)
Brazil 514,992 (29,341)
Russia 405,843 (4693)
Spain 286,509 (27,127)
UK 274,762 (38,489)*
Italy 232,997 (33,145)
France 188,882 (28,802)
Germany 183,494 (8605)
Indonesia 26,473 (1613)
Malaysia 7819 (115)

* 113 deaths yesterday
* 4049 cases per 1m pop
* 567 deaths per 1m pop
* 4.3m total tests
* 86.9 tests per 1m pop

Summary
Total cases 6,267,408
New cases 8159*
Total deaths 373,961
New deaths 264**
Recovered 2.85m (45%)

* 3152 Mexico
* 2964 Pakistan
* 450 Kazakhstan
* 390 Bolivia
* 348 Guatemala
* 189 Ghana

** 151 Mexico
** 60 Pakistan
** 27 Brazil
** 11 Honduras