Sunday Special

Because of Yom Kippur, the holiest day in the Jewish calender, we will have another 4 day week coming. So here is some news on Sunday to make up for the gap to come.

• AUPH insiders are selling Aurinia, AUPH, because its stock price has risen sharply on hopes for its lupus drug. The Canadian firm bought 2 small unlisted companies, Riptide and Thunderbird, to boost its chances. While HQ'd in British Columbia, AUPH also works out of Rockville, MD, in the US.

• As a former long-time French resident I have a taste for nuclear electricity which France pioneered decades ago, building power stations along the Loire Valley and in other regions. So I took my taste for uranium into my US holdings, which include Cameco, CCJ, and Energy Fuels, UUUU, both listed here. The French power firm EDF is state owned and not traded. Both were boosted by the new record high price of uranium fuel. Cameco options were the 20th most active last week according to Barron's. UUUU gained 12.5% according to the weekly on a nice rise in volumes traded.

• Another French-speaking firm, not from France but from Quebec Province, is expected to win a major UK target according to the London Sunday Times of today. It is Couche-Tard, ANCUF, a now beaten down share, which is expected to gain control of Britain's EG Group, filling stations owned by the Issa brothers. ANCUF is following the trend in Britian for buying supermarkets (its main business) with attached gas stations.

Tomra Systems, the Norwegian conglomerate, rose 2.63% last week. We have owned it since I started my newsletter (in print). TMRAY

• The big news this week will come before the Jewish holiday - data on the consumer price index, expected to come out Tuesday from the Labor Department. Barrron's writer Randall Forsyth suggests using the CBOE Volatility Index to cover the risk, citing an analyst at BTIG, whose real name must be something Investment Group, but I am not sure. As a CBOE shareholder I hope I will gain from this way to use the VIX index. Other writers in the weekly also suggest that stock indexes are too high, reacting to last week's drop.

• Tuesday will also see Roche Day during which the Swiss drugmaker will reveal all about its pipeline. I am not attending because I have to keep up with other firms. RHHBY

• A stock I owned ages ago, Silicon Valley Bank, then an issuer of mortgages to people working in the tech arena, now is being touted as a buy because it funds the tech stocks themselves with loans. I don't think being in the same neighborhood gives a bank any special insight into the odds of success so I am not following suit. SIVB trades at a new high after buying out Boston Private, a non-listed bank and wealth management firm in another area where there are plenty of startups.

• Synchrony Financial, SYF, was among the shares most sold by insiders, with 7 sales, larger than that of bigger firms.

Have a nice week and if you observe Yom Kippur, have a good fast.


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William K. 2 years ago Member's comment

An educational collection of insights, as usual.