E International Stock Update

Today US markets tumbled some more over fear of a tech wreck. 

PM Boris Johnson is threatening to withdraw from the European Union without a deal unless the UK gets concessions. This has hurt British shares and sterling. Our largest ADR holdings are British.

Tech

After South Korea's Samsung got a $6.65 billion Verizon order for 5G, Nokia was downgraded by Raymond James analysts to market perform from strong buy, at $4.24. VZ was upped to buy by Argus at $60. NOK fell 2.51% Monday to euros 3.63. SSNLF also is making chips for Qualcomm's cheap 5G phones.

Israeli chip-maker Tower Semiconductor will not be able to take business away from China's SMIC which may be barred from US business because it is close to the military, TSEM over weekend revealed that its systems suffered a cyber-attack and security breach and its Tel Aviv share fell 3%.

Schlumberger Ltd joins the green trend with a hybrid cloud deal with IBM and Red Hat giving access to data, regulatory compliance, analytics, and AI to oil and gas exploration and production firms. SLB also predicted slower growth, which is why its stock fell. It will earn 80% of revenue outside the US. It will cut debt and maintain a strong credit rating.

Deutsche Bank upped China's Nio buy with a TP of $24. GM paid $2 billion for 11% of Nikola Trucks.

Uber will help drivers switch to electric cars with $800 million in funding.

Australian BHP plans to use LNG-powered vessels to ship iron ore to China to cut down on carbon emissions.

Fanuc, the Japanese robotics maker, gained 2.6% today on Japan optimism.

Finance

BAE Systems is offering an anti-money laundering system via Amazon Web Services with no upfront charges which goes operational quickly. It is intended from financial institutions. British BAESY is moving away from providing tech only to the military.

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Vivian Lewis 1 month ago Author's comment

first the acquired fund is now being Templetonized. Secondly the odds of a recovery are higher in a fund judging investments individually and hedging selectively are better than those for a scatter-shot fund. As your own note says the loss of value was not the same

between the two emerging markets bond funds.

That is the point of my writing. I never met Sir John Templeton but I did attend college courses with Mark Mobius who ran EMF and also that it was backed by the private enterprice arm of the World Bank (The IFC) I therefore knew that we wanted to own that fund and not the later feeble copy-cats. When people look for a way to invest in a category of the market they usually do not have these kind of clear statistics and there aren't exactly a lot of advisors, even Morningstar, who analyse their differences.

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William K. 1 month ago Member's comment

Interesting, and an impressive amount of details, but what conclusions should I draw, since both of the described funds lost value, or at least price?