News from johnpatrick.com

SpaceX is on an incredible roll. On Tuesday it launched the military’s newest, most accurate GPS satellite after a two-month delay due to the pandemic. A Falcon 9 rocket blasted off from Florida’s Cape Canaveral Air Force Station, carrying the GPS satellite to orbit. The brand new first-stage booster with nine rocket engines landed perfectly on an ocean platform several minutes later. It will be recycled for future use. A feat many thought was impossible.

If you want to make a difference in Black education, you can donate to benefit the Thurgood Marshall College Fund, Inc. The fund is the only national organization representing America’s 47 publicly-supported Historically Black Colleges and Universities (HBCUs), and the nearly 300,000 students that attend them each year, The Fund’s mission is to ensure student success by promoting educational excellence and preparing the next generation of workforce talent through leadership development.

Thurgood Marshall was an American lawyer who served as Associate Justice of the Supreme Court of the United States from October 1967 until October 1991. Marshall was the Court’s first African-American justice.

The tax deductible gofundme page is here.

As of Thursday’s close, market capitalization of all the stocks I have been reporting on had nice gains. Zoom reached a market cap of $74 billion. Apple continues to set records. If you didn’t watch last Monday’s keynote about Apple’s plans for the rest of the year, I highly recommend it. Watch it here.

The five giant tech company market caps marched on and gained more than $300 billion and now represent 25% 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, crypto, or indexes I comment on.

MAGFA Market Cap (07/03/20 9:00 AM EDT)
 Market CapLastChange in
 TrillionsWeekBillions
Microsoft$1.564$1.489$75.00
Apple$1.578$1.533$45.00
Google$1.001$0.928$72.80
Facebook$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 50024.8%23.4%1.35%
    
Bitcoin (thousands)$9,112$9,185-$73
    
 Market CapLastChange in
 BillionsWeekBillions
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
Tagged with: , , , , , ,