E The Rainbow Sign

*A writer on seekingalpha.com who appears to be a college student, using the by-line Dividend Daze, has bought a handful of shares of Bank of Nova Scotia for its 4.75% yield. Why would a student want to buy dividend stocks overgrowth? Why is he buying to get dividends every month? Maybe he is reading John Llewellyn.

Materials

*However Johnson-Matthey whose business lines include platinum for automobile catalytic converters is down 15% on a bearish call by Investec brokers.

*Despite panic calls over the delay or reversal of its sale of 25% of its stake in Chilean lithium producer SoQuiMich by the Chilean Supreme Court, Canadian Nutrien is up 2.2% on the booming price of its main product, potash. The Supremos will hear the case Oct. 22.

*Orocobre which mines lithium in Argentina and its native Australia gained 3.9%.

*Cosan which makes refines sugar and makes ethanol in Brazil and runs logistics and gas station facilities there and in Argentina, rose to $7.52 yesterday, up over 2.5%.

*Tomra SystemsT, the Norwegian maker of reverse vending and sorting machines will report on its Q3 next Tues. TMRAY sprang to mind when I read in yesterday's Financial Times about the Dutch silicon valley which is developing ways to enhance fruits and vegetables using different colored lights. Of course, there aren't really any mountains or valleys in the Netherlands.

Tech & Tel

*Nokia of Finland will deploy a private LTE network to Brazilian Elektro's grid (part of Neoenergia-Iberdrola) in areas around São Paulo province in Brazil to keep the ute supplies working if there is a power outage and to cut costs for doing so. It uses mart meters to track power usage to shift consumption to low demand period. NOK also has created a fixed access network quality control “Access Health Index” and “FastMile to measure and improve fixed telephone and broadband access systems from antennas, compact receivers, and indoor gateways. NOK also is launching a Multivendor ONU connection virtualized “plug and play” system for quickly and cheaply integrating 3rd party connections in Passive Optical Networks (PON).

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Comments

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Vivian Lewis 4 months ago Author's comment

DearAlpha

Not my invention at all. There is a spiritual called Rise & Shine which tells the Noah story, which all Americans learn to sing as kids. It has the final verse:

Lord gave Noah the rainbow sign

No more water but the fire next time.

That marked the end of the Biblical flood.

Alpha Stockman 4 months ago Member's comment

Interesting term, "the rainbow sign." I like it, did you coin it yourself? I haven't heard it used before.

Moon Kil Woong 4 months ago Contributor's comment

I think it all comes down to quarterly reporting now.