E A Lot Of Worriers Out There

Green news

*California is banning gasoline cars and lawn-mowers by 2035. So Chinese Nio (NIO) is up along with Tesla (TSLA) but Nikola (NKLA) is rolling down the highway.

*Tel Aviv is electrifying its buses which will recharge as they move from the railway station to the Ramat Aviv terminal. I am old enough to remember when we traveled on an NYC trolley car along Broadway which was also electric. The new grid will not be above the buses but underground.

*Ormat (ORA), a US bonus stock, up 4.3%, is as of this moment our top performer. It produces and stores geothermal power, gaining from of heavy Israeli insider buying of $167,000. Also rising are European-based oil companies like Royal Dutch Shell (RDS-B), BP plc (BP), and Schlumberger Ltd (SLB). They are up for now because of the dollar's strength. And because unlike US majors, they all expect to cut oil production going forward. 

*However Azure Power (AZREwhich produces solar rooftop plants for India is down nearly 2%.

*Brookfield (BAM), a Canada fund manager sacking its real estate agents and raising lots of very long term money won brownie points for green by offering to supply NY Plug Power with 10 tons per day of hydrogen fuel.

*Mexico's Cemex (CX) which makes cement is planning to cut its carbon emissions by 55% by 2030. It's up. But so is CRH of Ireland which is not promising emissions cuts.

*Moderately higher US jobless numbers surprised the market which expected unemployment to fall. But what really zapped markets today was politics and health, again resulting in an alternation between pluses and minuses on Wall Street. But volatility is not neutral these days.

Gold and Tech.

*The best showing is by physical gold, despite a stronger US dollar, so there are a lot of worriers out there.

Apart from GLD there is a positive swing to some golden oldies like but not others, Microsoft (MSFT), AT&T (T)VZ, and GE but not IBM. Tech stocks Vodafone (VOD), Qualcomm (QCOM), NTT Docomo (DCMYY), Mercado Libre (MELI), Prosus (PROSY)Naspers (NPSNY), and their sub Multichoice (MCHOYrose but Nintendo (NTDOY)Nokia (NOK), and Ericsson (ERICare lower.

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