E Global Investing: Oh Cannabis

*However US crude stockpiles rose again for the 4th week in a row so some expect the price of oil to be steady or lower. WTI fell 2.8% today. I think this will reverse particularly if the current cold weather in my region continues.

*Orocobre (OROCF) published a revised notification on its annual meeting in Oz Nov. 23. I have not yet received a proxy from the Australian company, part-owned by the Argentine state where it produces most of its lithium, and part-owned by Toyota of Japan.

*An analyst at Chicago's Zacks with poor English upgraded Ormat, a bonus stock in geothermal energy to hold from sell. I am surprised that someone who cannot write grammatically is being published without editorial oversight but I guess it saves money. NYSE-ORA is incorporated in Nevada and trades both here and in Israel where its majority shareholders are. It rose 4.2% in Tel Aviv yesterday. A caveat from the writer: “However the company's business are subjected to uncertainties associated with oil and gas exploration... and on power transmission owned and operated by others” which may make it hard to deliver power if transmission is disrupted or capacity falls. I have no idea if this makes sense even if translated into English.

*My best performing biotech is not in the model portfolio as it is a US firm, EyePoint Pharma (EYPT) which rose 200% this year while the S&P 500 only gained 3.5%. It makes an FDA-approved implant against the 3rd leading cause of blindness, uveitis, which can be placed in a doctor's office.

Tech

*Autoliv's target price was chopped to $72 from $80 by Barclay's brokerage. The Swedish firm makes airbags and seatbelts and ALV recently spun out its electronic parts supplier, Veoneer, VNE.

*Helsinki Partners Oij was a top-15 equity fund manager year-to-date. Its 5th largest holding according to Bloomberg yesterday is Mercado Libre, MELI, a dollar-currency operator of internet marketing in Latin America HQ'd in Argentina.

*Canada's CAE expects the number of business pilot jobs to fill over the next 10 years at 50,000. It makes simulators and training systems for civil and military aviation and some medical specialties, but this is its first forecast for business pilot demand. The total need will reach 65,000 in 2028, 10,000 for new business jet flying, and 40,000 because of retirement attrition.

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Because my blogs are not going out properly there will be no trades in the model portfolio until the situation is corrected, because  more

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Howie Sandberg 3 months ago Member's comment

Nice, hard to find any info on $EYPT, which I've been interested in for a while.

Vivian Lewis 3 months ago Author's comment

if it works it will be wonderful. It sounds icky to put a tiny drug feed into the eyeball but it is a way to deliver the medication where needed. I wrote about its great performance to boost my newsletter subscriber base but none of my foreign picks this year to date have done as well