Photo by Annie Spratt on Unsplash

Today the February inflation data published hit a 40 year high at 7.9%. The impact was negative for U.S. stocks and all the indexes are lower. The hiked prices were in gasoline (as expected (but also food and rent.) The European Central Bank will stop buying bonds by Sept. 

The gold market came back to life after a one-day hiatus.

Israel news

*Russian oligarch Leonid Nevzlin has renounced his Russian citizenship and now is only Israeli.

*One we missed: Zim Containers ZIM which IPO'd a year ago yesterday reported smashing results for the last year and Q4, with profits up 400% from the start US level. This is the highest profit reported by any Israeli company. I know about Zim's ships which transport people and I failed to examine the container side.

*Compugen (CGEN) which reported yesterday is not our Israeli share but another using the same name. This Israeli startup is sill a money loser but we own it because of its breakthrough studies of immunotherapy checkpoints PVRIG and TIGIT to treat cancer patients. These checkpoints are co-expressed in the bone marrow of multiple myeloma patients. PVRIG and TIGIT are co-expressed in various tumors suggesting that they gain from blockage.

*Another cancer-fighting Israeli startup firm SaverOne is going to list its IPO on Nasdaq. It is looking into ways to stop cells from disrupting driver remedies. 

*Another Israeli planning to list here is Mobileye, the Intel driver assistance, and self-drive developer, which may aim to raise $50 bn. The stock is a spinoff from Ituran which we used to own.

Rest of the word

*Genfit GNFT has gained nearly 4% on no news I can find. The French drug development firm works on liver disease, AKA foie.

*Mercado Libre recovered from its drop yesterday after Bank of NY-Merrill raised its TP to $984.76 and eps to .093. Merrill says it now can achieve a sustainable business rally. MELI is the Latin American version of Amazon.

*NIO has crashed 16.16% after the China carmaker tried and failed to IPO in Hong Kong. We bailed out last year.

*Agnico Eagle (AEM) is up on a new and higher EPS estimate of $.56 up from $.505. It recently merged with our Canada gold-stock Dundee Precious Metals.

*Truist Bank TFC stock was upgraded to buy and got a higher TP of $1.11. It was tipped by Bank of America.

*After its double-digit rise over Russia sanctions for the past few days, Schlumberger Ltd (SLB) fell 0.4% today on the modestly bearish forecasts by its CEO reported yesterday.