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Orbia Advance Corp (formerly Mexichem, traded on the OTC Market here as (MXCHY), has ceased updates on my brokerage statements since Nov. The bid is $3.35 and the ask $824.58. Orbia bought drip-feed companies in Israel (Netafim) and Europe. It has office in Washington DC and Boston.
Orbia says that its US stock is still MXCHY or (MXCHF) and that the problem is with the market maker or brokerage not covering it. I found a real quote at www.otcmarkets.com under the MXCHF label, $2.12-$2.46, wide but at least reasonable. Brokers like Charles Schwab-TD Ameritrade do not get pink sheet stock quotes directly nor from intermediaries. That is the price we pay for free trades.
Energy
*Oppenheimer Asset Mgm analyst John Stoltzfus noted that non-US stocks have paid off for US investors as the dollar lost traction this year. He says to buy more foreign stocks because as we move to a recovery next year we will buy even more foreign goods and services, which will boost their stock prices. This was quoted in Barron's.
Among the stocks which greatly outperformed according to weekly are China's Nio (NIO) electric vehicle share, up 11-fold, while Tesla (TSLA) only gained 670%. Amazon (AMZN) gained 75% but its Latin American counterpart Mercado Libre, (MELI), gained 200%. It was tipped by analysts from William Blair Emerging Markets Growth. We recommend both NIO and MELI but sold off 2/3 of our NIO during the course of the year as it went ballistic. Last week it fell 2%. MELI lost $33.2, falling to 1690.48.
The site also talked up Chinese solar stocks but failed to mention a hidden one, Canadian Solar, (CSIQ), which we got from Max Deml in Vienna. CSIQ, which is a green stock, gained 7.7% last week.
*BP plc was rightly tipped for its 8.9% yield, but Barron's failed to note that BP (BP) is selling its posh Thames-side HQ building and will be able to continue its high payout and alternative energy deals.
*Barron's this week wrote up UK's Atlantica Sustainable Infrastructure, (AY), as an actively traded call share. It was tipped here by Harry Geisel as it pays essentially tax-free dividends. It is also a holding of our Algonquin Power, (AQN), of Canada.
*The weekly also noted that Energy Fuels, (UUUU), had gained 18.9% in the last week, thanks to its move into rare earth production alongside its existing uranium mining.
*Hoegh LNG Preferred A shares, recommended by General Joe Shaefer, USAF-ret., rose 0.24% but still yields 8.3%. Barron's again published preferred share prices this week after failing to last week.
Tech
*Tower Semiconductor, Israeli-American, gained 8.04% last week because it can avoid boycotts by the US and allies and because China cannot stop its growth either. (TSEM).
*Accidental find Qualcomm rose 1.37% last week. We bought (QCOM) for its Israeli unlisted startups.
*Nokia (NOK) of Finland fell 2.8% last week. AT&T (T) fell 2.4%. BCE (BCE) fell 0.75%. Ericsson (ERIXF) lost 0.2%.
Drugs
*BeiGene (BGNE) rose 6.44% last week to $263.72, still down from its peak, because Xi Jinping cannot harass it as he can with purely Chinese companies. It is on Q.
*AbCellera Biologics (ABCL) saw heavy insider buying, but its price still collapsed 6.8% to $42.42 last week. Insiders in theory know what's happening.
Funds
*Taiwan Fund gained 3.38% last week because it will gain from Beijing's attacks on large tech stocks from the People's Republic of China.
*Our yield funds are very different. Macquarie First Trust (MFD), is at a 14.1% discount from net asset value while Eaton Vance Global Dividend Equity Fund is at a 6.4% discount. Aberdeen Global Income Fund, (FCO), is at a premium to NAV of 14.1%. Its sister fund, Aberdeen Asia Pacific Income, (FAX), is at a 9.8% discount.
*New Ireland Fund at a 22% discount from NAV is the cheapest US country fund. Canadian General at a 32.8% discount is even cheaper, but traded mostly up north. IRL; (CGRIF). Swiss Helvetia, (SWZ), is at a 13.4% discount from NAV. I am not counting money-losing funds, only winners.
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