E The Rainbow Sign

*Infosys of India, sold, had mixed Q2 results but the market viewed them favorably and it rose 5%+.

*Tower Semiconductor sales yesterday over concerns about dual-purpose tech being sold to China reversed and TSEM recovered. In fact, chips are up all over.

*Mercado Libre of Argentina was back over $300 yesterday in the news that other emerging markets are tempting its rivals like Amazon and Walmart, which may become distracted. Also, Barclays raised MELI to overweight although analysts are particularly mixed about its prospects.

*Nintendo is up again and near the price, we paid for the Japanese maker of The Switch. NTDOY.

*Both Tencent and Naspers are barely in recovery mode but we have seen this before. TCEHY is down 0.5% while NPSNY which fell further has regained 2.75% but is still below $40

Food & Drink

*Greencore continues in the green, up another 5.76% in London trading on Tuesday after it announced the sale of its US salad and easy meal assets. It rose despite a reduction in stake by Luxembourg fund manager Axxion SA to under 5% yesterday.

REIT

*Fibra Uno which invests in Mexican commercial, factory, and educational buildings, rose 2.55% on Tuesday. It may be gaining because the future Presidente wants to run a referendum on giving Mexico City a new, non-third world airport.

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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.