E Virus Nationalism

*A calm German ute, Eon SE is up while the French waterworks and sewage ones do battle,

Suez vs Veolia. VEOEY. EONGY is an electricity supplier, working in Europe and beyond.


*Kennedy-Wilson is easily my best performing stock lately, a US real estate funder. KW.

*Chinese automaker NIO lost 8.1% on the hostile outcome from the Alaska meeting with the new US Secretary of State, in the wake of Tesla. It opened down only 4.45% because of Li Autos creating an up-market vehicle for the Chinese. We sold most of our shares in NIO earlier this year but as it drops I am considering buying back—but not yet. China is using anti-trust to control its companies.

*Antofagasta, miner of copper in Chile but British rose 4.86%. ANFGF was downgraded to underweight by Morgan Stanley but the market didn't listen today

*My pick for 2021, Cosan of Brazil, with a new ticker symbol, CSAN, and a bunch of bonus shares added because of its consolidation, is doing well. The gains are hard to figure, however, given the higher number of shares we now own without having had to pay for them. The price is $16.66 now.

*Today's best sector is cement where the Biden Administration will get the raw materials for its infrastructure push. We have two players both of which are cutting carbon emissions, and both of which have US ADRs because they sell a lot here. Cemex CX of Mexico is up 2.43% today while CRH of Ireland is up 2.6%. They gained 2.42% and 1.5% yesterday. Both are better than their home markets because Mexico is seeing populist attacks on companies gaining from energy subsidies (like Grupo Bimbo, GRBMF by President AMLO) and CRH is delisting in London because it is Irish and belongs to the EU.

Tech & Tel

*Israeli Magal Security, sold, is up after changing its ticker symbol to ID. Bubble. As expected, Benjamin Netanyahu has the largest number of votes but he cannot take the Prime Ministership without help from other parties, some of which think he should be indicted for fraud over household expenses double-billed to Israel. MAGS.

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