E Delta Outbreak

Sometimes I think I need to change my name from Vivian Lewis to Cathie Cramer. It is very hard to avoid the impact of their moves on the stocks we also own. But sometimes we get in early.

Today the Delta outbreak in more than a dozen countries led to higher-priced shares in most foreign markets, Europe except for Portugal (hit by Brazil woes). Tokyo and Taiwan, which got support from Japan as Chinese warships hovered around the island, both were up.

But. Hong Kong fell on another Chinese crackdown, on children's online games, which Beijing compares to opium, surely an excessive warning. China also cracked down on the higher prices for chips for electric vehicles, arguing that the chip companies are illegally profiting from shortages. This may wind up helping my favorite player in this business

Photo by Adeolu Eletu on Unsplash

The top market today was Copenhagen, up in double-digits and moreover boosted by a 4.5% gain by one of our shares which reported. However two drug stock in my portfolio got a boost from Jim Cramer today telling the world he likes them very much, while another fell after he warned to be careful of it.

The website is still not functional and I am terrified of flying off tomorrow without it working. I bet Jim and Cathie have tech support I lack. 

The US market was droopy because of poor private sector jobless numbers.

More follows:

Drug dealers

*The great Dane today was Novo Nordisk which reported profits and sales two ways, in Danish Kroner (DK) and Constant Currencies (CC). The drop in the greenback was critical because ours is

the leading market for NVO's line of drugs for diabetes and obesity. Sales were up 5% in DK and 9% in CC, with North America down 1% in DK but up 11% in CC. Profits were down 1% in DJ over prior H1 but up 9% in CC. Worldwide insulin and obesity care fell 1% in DK but rose 11% in CC. The main reason is that Wegovy semaglutide for treating weight gain was approved by regulators in June.

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William K. 1 month ago Member's comment

Just to prove a point, talk about "how much you love" some company that you hold shares of. But don't say anything about the company, just about how much you love it. Then step back and see what happens. Don't do anything to make money from that company, just watch and see what happens. An interesting experiment that you can write about a few months after.