E Energy, Tech, Pharma And Global Funds Round-up

U.S. dollar banknote with map

Image Source: Unsplash

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 (AMZNgained 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.

1 2 3
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.