Market News

First October blog

01/10/2021

The new month saw a bearish trend from BofA Merrill, which called European stocks overpriced and a bullish one from other analysts who cheered on Merck up nearly 10% on its success with a new covid-19 medicine. Other drug firms like Zymeworks, Roche, Compugen also rose. BioNTech however was sold off after it announced that its BNT 122 MRNA post-surgery drug for... More

Thursday file

01/10/2021

Our congress managed to pass a bipartisan short term spending bill avoiding a crisis over the debt ceiling on Oct. 18. It's a game the politicians play. The new jobless numbers for last week are concerning, as 362,000 people filed for benefits, well over the 330,000 estimate and the prior week level... More

Wednesday file

29/09/2021

Today was a bit of a recovery one after the debt ceiling move Tuesday partly reversed, leading to a stock rebound, notably in ADRs and funds invested abroad. While Germany remains without a government, Japan has a new prime minister (who did not want the job), Fumio Kishida, who will lead... More

Tuesday blog

28/09/2021

The markets today were reacting to multiple bits of bad news and Santander fell over 2.5%.The estimate for Astra-Zeneca was chopped by one analyst and fell a 4th time. Gold-miner Kirkland Lake failed to show that it is being bid for and KL lost 8.25% up north, much more than the drop in the gold price. Quebec Province... More

No Barron´s

26/09/2021

As I have not received my issue of Barron's this weekend I am not providing a share price update. Instead, here is a very smallstock written up by free-lancer Mike Kashanovsky in Investor's Digest of Canada. Alkaline Fuel Cell Power Corp. (MOVE- NEO, pending in the NEO market up north, as AFCP) is making a small scale fuel cell to serve the so-far neglected... More

Friday file

24/09/2021

We are in the Jewish harvest festival period, called Sukhot, when the reading is "vanity, vanity, all is vanity" from the prophets. The portion also includes the timing of the harvest: "for every thing there is a season: a time to be born, a time to die. A time to plant and... More

Thursday file

23/09/2021

It was the night before Christmas and all through the house, not a creature was stirring, not even a mouse.That is my reaction to the China-only attempt to obtain the rescue of Evergreen real estate in China by allowing bond defaults outside its mother country. The Hong Kong reaction was a 7.1%... More

Wednesday file

22/09/2021

The spate of bad news came to an end when the Federal Reserve said it would delay raising interest rates. However it certainly did not say this will continue for long. The dollar fell.Drug DealersBluebell Partners Ltd of London has taken a stake in Glaxo to drive out its CEO, Emma Walmsley, who has a marketing... More

Tuesday blog

21/09/2021

It was a day of huge market moves and several reporting companies, and my internet crashed, which is why this blog is late. Trudeau won but did not get a parliamentary majority. More for paid subscribers... More

Friday file

17/09/2021

Our top performers today include  Nio for the reason given below.  Other winners include Mercado Libre the Amazon of Amazonia; Thermo Electron, my largest US holding. The big loser was Prosus of South Africa, a proxy for Chinese Internet stocks under attack from Beijing, which I think is a potential winner using its cash. Another loser is Qualcomm, a... More