E Friday Market Report

*Canadian Solar, CSIQ, is up 2% today, Earth Day +1.


*Tencent managed to circumvent Indian blockage of its purchase of the Share Chat platform by buying $225 mn of convertible debt from two European entities. TECHY rose 4.8% on its audacity. I think it won't get away with this. One of the Europeans may be our Prosus PROSY, but I'm guessing.

*Atlantica Sustainable Infrastructure PLC AY is up 1.9%. Its part-owner, Algonquin AQN, a US-Canadian ute is down 0.5%. Usually, they track each other.

*South Korean Amazon rival Coupang today gained 6.17% and put us near the black with CPNG.

*Latin American Amazon rival Mercado Libre, MELI, is up 2% to $1594.67 in sympathy.

*Chip shortages boosted both Taiwan Semi TSM and Israeli-American Tower Semi TSEM, up 2% and 1.32% resp.


*AmEx hurt the US bank sector and one result was higher prices for Sumitomo Mitsui Finance, SMFG, up 1.68%, and Mitsubishi Finance, MSBHF, up 0.11%.

*Both our Lazard plays, LAZ the company and LGI its US cheap-overhead global closed-end fund are up, by 7% and 1.11% resp.


*Bristol-Myers' plaque psoriasis drug deucravacitinib aced two phase III trials buy BMY fell 0.33%on fear of a House Democratic bill to cut US drug costs by checking on foreign drug prices. Merck MRK fell.

*GlaxoSmithKline won EU approval of its Jemperl drug against recurrent and advanced endometrial (uterine) cancer and managed a slight rise of 0.09%, despite the US drug price bill. GSK.

*Novartis fell 0.26% on the threat. NVS is Swiss so naturally evil. Roche, RHHBY, fell 0.45%.

*Danish Novo Nordisk which essentially controls the price of insulin, fell 0.19%. NVO.

*AstraZeneca, AZN, was hit harder, down 0.9%. Spain's Grifols is down 3.7%, GRFS.

*Takeda is up one buck. TAK.

*Dr. Reddy's of India is down 1.37%, RDY will not trade in its home market until Sunday and the Coomb Mela and Covid-19 are scary there. It is licensed to produce the Russian jab. It opened down 1.6%.

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William K. 1 month ago Member's comment

Again, an interesting article.

And while you are in Sunny England say "hello" to the metropolis of Birmingham, a place where I spent a year during one month. An interesting place indeed.

Vivian Lewis 1 month ago Author's comment

not Birmingham. we will stay mostly in London and maybe Devon