Bat Like The Babe, Swing For The Fences
- Date: 17-Dec-2020
- Source: Forbes
- Sector:Economy
- Country:Middle East
Bat Like The Babe, Swing For The Fences
Babe Ruth in Yankee Stadium, 1927. (Photo by Mark Rucker/Transcendental Graphics, Getty Images)
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Zing, zing, zing went my heartstrings as I watched U.S. Steel bound up 10% intraday - without me involved. So another $5 number burst into double digits, following General Electric
GE
, Macy's
M
and Alcoa
AA
. Plenty of $10 stocks pushing into the twenties. Underline American Airlines
AAL
, Halliburton
HAL
, Occidental Petroleum
OXY
and Enterprise Products Partners
EPD
.
General Electric at its low showed a market capitalization in the $50 billion range. Now it's pushing $100 billion, but still pretty much ignored. Not again a “polite” institutional piece of paper. Freeport-McMoRan
FCX
takes the cake with a range this year from under five bucks now in mid-twenties. Demand for copper in China is on the rise, a leading indicator for this pretty's earnings power. Perhaps, in the range of $2