E Mixed Day

Today's blog is late because my cousin the English book dealer who had pancreatic cancer has died and I was busy writing a condolence letter to her husband and children with my husband. The stock I had hoped would help her (which she refused to try) is Novacure of Jersey in the Channel Islands, but ultimately Israeli, which uses electricity to try to manage cancers that cannot be cured with radiation or chemotherapy. NVCR leases its electric devices to patients to get them to join its trials and is up 1.9% today but still 15% below our base at $143.75. It has been given a target price of $175 by Mizuho analysts. RIP Carol.

I have been told that a miswiring was the cause of our loss of telephone service over the weekend, done probably by our cleaning woman when vacuuming Friday, and not something to be blamed on the vendor for Verizon. Apologies all around.

Today retail sales numbers for Feb. came in down 3% while forecasts were of only a drop of 0.5%, which took down the DJIA.

Business newspaper article

image source

And now for the news:

Finance

*Banco Santander's stock fell another 2% after it revealed a plan to buy the Miami-based wealth management operations from Indosuez, a French bank, for an undisclosed sum this year. The official buyer is BSI Private Bank, a sub of SAN. The assets under management there are $4.13 bn.

*I was wrong that Standard Life Aberdeen did not fall on its results last week. It fell 11.1% to 2.836 UK pence. The problem was that my brokerage no longer covers SLFPY moves.

*A fellow writer on TalkMarkets named Hashtag Investing has recommended Canadian BCE stock for yields. We bought the ute earlier and more cheaply. It fell 0.11% today.

*I couldn't join the investor day for Cosan, now CSAN, but the reaction was wide: up 1.5% at the start of the day and down 1.65% by noon. Don't buy before the formal listing

*Benzinga says Qualcomm rising 1.8% is a bearish indicator. We own QCOM not for its chips, boosting its price now, but for otherwise inaccessible unlisted Israeli shares in its house venture fund.

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William K. 3 weeks ago Member's comment

Always interesting and enjoyable to read. V.L, I like the style.

Harry Sinclair 3 weeks ago Member's comment

Where's the link to the Benzinga article you references about $QCOM? Thanks.

Susan Miller 3 weeks ago Member's comment

I saw that article by Hashtag Investing, it was a good read. Nice of you to link to it in your own article.