MLK Day Global News

Photo by Annie Spratt on Unsplash

This week's Barron's shows how well or poorly we are doing with our oddball picks. Our big loser is Energy Fuels, UUUU, down $1.2 or 14% along with other nuclear firms. We like it for its rare earths. Our other losers were Pfizer, PFE, down 1.4% or 0.77 cents; and Microsoft, MSFT, down 1.2% or $3.84%. More pharma below.

*Our big winners include Taiwan Semiconductor, TSM, up 13.9% or $17.16; AT&T, T, up 3.4% or 0.89; NIO, up 5.6% or $1.65; and Qualcomm, QCOM, up 4.6% or $8.28.

*Barron's also tipped a competitor for TSM which we already own, Tower Semiconductor, which is Israeli, thanks to its 300 basis points or 3% increase in gross markets and its deal with Jupiter Networks for a new silicon photonics product to come next year.  It is also a Jewish holiday, the Biblical ancestor of Arbor Day, the birthday of trees and plants, so the impact will only show tomorrow.

*Unauthorized withdrawals from led to a pause in trading for fear of hackers. No, Virginia, cryptocurrency trades are not secure against crooks. 

*One of our oldies, Liberty (a UK telco) was tipped by Phillip Martinelli for its recent move to buy Sunrise, which he says will boost earnings 44% this year. LBTYA is the former Virgin Media we owned in Britain. 

*Mexico saw $3.32 bn in exits from its stock market in 2021, which probably had something to do with the election of lefty Andres Manuel Lopez Obrador. 

*China did not come out better because in Q4 its GDP growth rate halved to 4% which in India they say means it "degrew". To right the balance today China cut 1-year interest rates by 10 basis points to 2.85% and 7-day reverse repo fees by 10 basis points to 2.1%.

*Gold rose on the holiday.

Drug dealers

*Pres. Biden's Thursday announcement that the US will double the number of free covid-19 test packages available and use military medicos to treat cases led to a US Army deal with Swiss Roche, RHHBY, for $340 mn for at home covid antigen tests to be made in Indiana and another with US Abbott, ABT, for $306 mn to be made in Orlando, Florida.

*Pfizer signed a deal with French Novasp of Lyons to provide API (advanced pharma ingredients) for its Paxlovid covid-19 pill.

Alternative energy

*Ferrari (RACE) fell to $245 today down $40 despite having been tipped as top pick by Morgan Stanley Friday, ahead of Tesla and GM

*A stock I have avoided, Tesla, on Friday revealed that its electric truck won't be on the market this year as forecast after it signed up with a Mozambique firm because of slow rollout in India.

*Britain's SSE (SSEZY) is developing wind energy with funding from the Royal Bank of Canada, starting with a Dutch partner. That's logical because the Dutch have windmills.


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