E International Stocks On Our Radar

My headline Friday stating “Sometimes Bad News Is Good” was duplicated today in Barron's.by Randal W. Forsythe. We both hope the poor job figures will lead to a second round of stimulus passed by a divided Senate. The magazine covering listed preferred stocks for a second week in a row, which I have been lobbying Barron's about.

Preferreds

Banco Santander Pfd6, up 0.45% this week, and Hoegh LNG PfdA, up 0.49% are in focus. The Hoegh pref is becoming a rarity because corporate brass who were given the stock have been cashed out (it yields 8.6%). The latter was recommended by Norway expert Gen Joe Shaefer, USAF-ret who served there.

Industrials

Mexican cement-maker Cemex plans to merge its two European subs, Cemex España and New Sundward Holding, around the new year, but it will become retroactive with effect from Dec. 1, according to Reuters. CX also won a tax case in Colombia over deductions made in 2009.

Canadians Cameco (CCJ) and Energy Fuels Inc (UUUU) are up 10% and17% on news that Russian uranium will be blocked by many countries for use in nuclear power plants, among them the USA and India.

Canadian CAE is training pilots despite Covid-19 grounded airplanes because retirement and furloughs mean the number of pilots will fall by 2022 to the level of 2019. Analysts at Benoît Poirier are keeping CAE as a hold despite its lack of much business this year.

Boeing got an order from Ryanair (RYAAY) for 75 additional 737-Max planes, plus 135 ordered last year. Chances are that the Irish budget is getting the planes more cheaply and faster because other airlines are less keen. Barron's is skeptical about the jump but I like GE rising again.

Taki Tsaklanos writing in TalkMarkets predicts that platinum group metals will beat even gold and silver. We told you first and own Johnson-Matthey of Britain, JMPLY to gain. He also likes bitcoin.

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