E Halal Stocks

Here is Goldman Sachs on Gold:

“Gold's recent underperformance versus real rates and the dollar has left some investors concerned that Bitcoin is replacing gold as the inflation hedge of choice, We do not see Bitcoin’s rising popularity as an existential threat to gold's status as the currency of last resort."

While bitcoin is the trendy inflation hedge du jour, I don't think it will be safe enough to replace the yellow metal. Gold is up today because of tensions with China after the US opted to boycott more Mainland firms listed in Hong Kong. And the great deal for Congress to deliver fiscal support for the economy will run into the weekend because of Republican Senate opposition. 

Business newspaper article

image source

Tech & Tel

*Victims of what probably is a Russian hack attack, apart from US govt bodies, include 18,000 US corporations, among them Microsoft. MSFT fell 0.6% on news it is vulnerable.

*Tech wrecks include SMIC (Semiconductor Manufacturing International), China's leading computer chip maker, ro be denied access to US software and circuits. The market reacted by chopping all chipmakers, including Israeli-American Tower Semiconductor, TSEM, now a buy. It is being sold off because it is near its high and is flat today because Tel Aviv is closed Fridays. TSEM is not just a replacement of SMIC, but also the developer with US Opix in Japan of a platform for 3D imaging and facial recognition software in a sensor in a 3-dimensional camera. While Israel is not an angel in privacy protection, it is more acceptable as a partner of Gulf or US investors than Beijing which is aggressive to its Muslim Uighar population. BUY TSEM at $25.15. Year high was $27.68.

*Both Nokia and Ericsson are down today. NOK and ERIC buy chips. So is Vodafone, VOD.

*Tomra Systems, the Norwegian maker of sorting and reverse vending machines, gained 2.5%. TMRAY.

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