E The First Day Of Summer And Prime Day

The bull is back in business today. Unfortunately, I cannot spend much time cheering the market on as my husband suffered a fall and I have to keep up with his needs. Today is not only the first day of summer but also Prime Day, so there is more to do online. There will also be a short blog tomorrow because it is primary day in New York City, the first-ever with complex multi-choice strategies to input.

For now, the DJIA is up 550 points. Happily, my stock of the year was one of the top performers so far today. Another beaten-down favorite, however, lot traction despite a presentation over the weekend on one of its products.

You can't win them all.

Business newspaper article

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Energy

*My stock of the year Cosan, CSAN, gained 5.22% at the open today and is still up 3.2%. Earlier this month the gas station sub-CSAN ran with Royal Dutch Shell in Brazil and Argentina was spun off. The now-independent firm still mostly owned by CSANm signed a deal with Lisarb Energy, a UK company developing solar plants. It will build 4 solar “parks” in Brazil, two in Rio, one in Goiás, and one near Brasilia. They will go live in 10 months. The Raizen lease contract is worth ~$20 mn. The 4 plants will produce 38,700 mW hours of solar electricity each year during the 15-yr contract period.

*Dutch Antillean Schlumberger Ltd, SLB, rose 4.7% along with a new boost in the oil price and its role in hydrogen production.

*BP plc rose 1.5% in part because of its new green solar platform in Spain.

*Royal Dutch Shell B RDS-B was boosted by its green deal with Australian GasLog Partners GLOP last week.

*Energy Fuels, UUUU, briefly dropped below $6 today but recovered to $6.19/sh. It raised capital for its future rare earths refining plans.

*Atlantica Sustainable, AY, rose 1.2% while its 20% owner Algonquin Power, AQN, lost 11.6% after opening up 1.36% because it is being compared to a new meme play called Torchlight Energy Resources, which is up 50%. 

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Flat Broke 1 month ago Member's comment

I've always found Amazon's Prime Day to be over rated. More hype than anything else.