E Volatile Markets

*3% lower oil prices took down not just our BP and Shell shares but also alternative fuel outfits like Canadian Solar (CSIQ), Azure Power (AZRE), Ormat (bonus stock ORA). The recovery of oil prices will not end until planes are back in the sky. Living near the East River we are now used to silence. Jim Cramer today tipped First Solar as a Biden play, FSLR, plus Tesla, which reports after the close today.

*However Canada's Algonquin Power gained 1%. AQN sites straddle the border and the loony is up.

*Canada nuclear fuel miner Cameco CCJ did a new $400 mn bond issue which cuts its interest costs for the ones coming due in 2022 and 2027. US investors learn about his after the fact, protected by the SEC.

*Chile's copper miner Antofagasta ANFGF rose 2.25%. Its ADR is based in Britain where sterling rose.

Finance

*Hang Seng Bank of Hong Kong, which runs the index there, is up 1.8%. HSNGF is owned by HSBC.

*Banco Santander traded flat for a change. SAN is up sharply this week.

*DCMYY of Japan which is being taken over by its parent gained 0.75% today.

*SPDR Gold GLD is a rare winner today as the election approaches. Kirkland Lake (KL) fell a bit.

*Buffett plays Sumitomo Mitsui (SMFG) a winner, and Mitsubishi (MSBHF), a loser, were traded more heavily than usual today.

*State Street Bank, STT, which I own share in, fell after insiders sold heavily today. It manages back offices for funds with ADRs, among other businesses.

*Nasdaq shares beat on both sales and earnings, by 7¢ (to $1.53). We own it via Investor AB of Sweden.

*Bank of Nova Scotia is up with the loony although BNS makes most of its money outside Canada.

1 2 3 4
View single page >> |
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
William K. 3 months ago Member's comment

An interesting introduction indeed. I do not judge and pass sentence on what others do, although I certainly may have opinions. And if the Government in China asks for my advice I will provide it, if not, then not. That goes for the Pope as well. I respect a much higher authority than either of those.

And certainly the markets are being a bit volatile, which is because of the emotions of those fearful folks involved. Those who are chained to fears will be led by them, that is how it works.