Random Reads - Xmas week

Warren Buffett says, “I just sit in my office and read all day.” Not everyone can afford to devote themselves to reading to that extent so here's a shortcut - the headlines that caught our eye this past week and compelled us to click and read... or this week view a number of charts.

Behind the most unbelievable stock run of 2017 at Big Un Limited | AFR
Beyond that the most enthusiastic backers of Big are excited punters who frequent online stock forums, who have found themselves on to a winner. The lack of institutional share ownership means it's almost impossible for the sceptics to bet against the stock by shorting it, as no shares are available to borrow.

What’s hot, what’s not – Stockhead’s yearbook of ASX debutants for 2017 | Stockhead
From cannabis for pets to infant milk formula, ASX debutants make quite the class for 2017.
Overall there have been 93 IPOs on the market to November 30, not including reverse takeovers or re-listings... if all participants were equally weighted, average performance would be around 82 per cent. But, don’t let that fool you... just over 52 per cent of the IPOs ended above their issue price over the period.

Lithium & marijuana running away from crypto stocks as 2017 comes to a close | Equitable Investors
What have been the buzz categories this year? Off the top of my head, I come up with Cannabis, Chinese demand for Aussie food brands, cryptocurrencies and lithium (if you've got others, let me know). So how have these buzz stocks performed? Stocks associated with cryptocurrencies under-performed relative to other buzz categories - they only delivered a capital return of 140% in the first 11 months of the year.

The most popular stock quotes on MarketWatch in 2017 | MarketWatch
But the historically low volatility in 2017 meant less people were checking DJIA quotes than in 2016 -- which kicked off with the worst opening week for U.S. stocks ever and ended with a 750-point Election Night dive, then huge rebound.

Skincare is now a serious business | Raconteur
...this trend has seen some of the bigger brands change tack and focus on ingredients, marketing products to emphasise actives rather than more abstract claims. Reflecting this shift are magazine pages, which are now regularly devoted to the transformative power of ingredients.

Chinese IPOs in the U.S. Are Saddling Investors With Big Losses | WSJ
Struggling shares of newly listed Chinese companies in the U.S. are saddling investors with unexpected losses and dealing a setback to other firms from China hoping to go public in New York.
Sixteen companies from China have debuted on the New York Stock Exchange or Nasdaq so far in 2017, making this year one of the busiest of the past decade for Chinese IPOs in the U.S.

Don’t Believe China’s Trade Hype | WSJ
Despite the glowing free-trade rhetoric from Beijing, inside WTO negotiating rooms China is hardly a champion of free trade. Instead, the Chinese run with the G-33, a group of poorer, protectionist-minded WTO laggards—the likes of South Africa, Venezuela, Zimbabwe and India.

The Returns to Value Strategies When Valuation Spreads Are Wide (Deep Value) | Alpha Architect
Value stocks are more likely to be acquired in a merger than growth stocks... the chance that a value stock is bought in any given month is 0.26 percent, whereas the corresponding number for growth stocks is only 0.15 percent

Tesla big battery outsmarts lumbering coal units after Loy Yang trips | REneweconomy
The Tesla big battery is having a big impact on Australia’s electricity market, far beyond the South Australia grid where it was expected to time shift a small amount of wind energy and provide network services and emergency back-up in case of a major problem.

No sign of alien life ‘so far’ on the mystery visitor from space, but we’re still looking | The Conversation
The mystery object discovered earlier this year travelling through our Solar system is showing no signs of any alien life, despite plenty of efforts to look and listen for a signal.

Crypto craziness: Long Island Iced Tea shares soar after renaming itself Long Blockchain | The Age
Long Island Iced Tea shares rose as much as 289 per cent after the unprofitable Hicksville, New York-based company rebranded itself Long Blockchain.

Prominent Names Within the Crypto Space Cash Out Their Positions | Sprott Money
Two in particular have now cashed out of their cryptocurrency positions almost entirely.
The first is Charlie Lee, the founder of Litecoin, often referred to as “Bitcoin’s silver.” As it is closely linked to the success of Bitcoin, Litecoin has skyrocketed in value over the course of the year.

...all my Christmas shopping problems solved in one hit | Leunig

Popular posts from this blog

Ten Thousand Words - September 2018

Big Un's new set of accounts show Cash Flows ain't Cash Flows

Getting Industrial - 5 year returns

Disclaimer

Nothing in this blog constitutes investment advice - or advice in any other field. Neither the information, commentary or any opinion contained in this blog constitutes a solicitation or offer by Equitable Investors Pty Ltd (Equitable Investors) or its affiliates to buy or sell any securities or other financial instruments. Nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

The content of this blog should not be relied upon in making investment decisions.Any decisions based on information contained on this blog are the sole responsibility of the visitor. In exchange for using this blog, the visitor agree to indemnify Equitable Investors and hold Equitable Investors, its officers, directors, employees, affiliates, agents, licensors and suppliers harmless against any and all claims, losses, liability, costs and expenses (including but not limited to legal fees) arising from your use of this blog, from your violation of these Terms or from any decisions that the visitor makes based on such information.

This blog is for information purposes only and is not intended to be relied upon as a forecast, research or investment advice. The information on this blog does not constitute a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Although this material is based upon information that Equitable Investors considers reliable and endeavours to keep current, Equitable Investors does not assure that this material is accurate, current or complete, and it should not be relied upon as such. Any opinions expressed on this blog may change as subsequent conditions vary.

Equitable Investors does not warrant, either expressly or implied, the accuracy or completeness of the information, text, graphics, links or other items contained on this blog and does not warrant that the functions contained in this blog will be uninterrupted or error-free, that defects will be corrected, or that the blog will be free of viruses or other harmful components.Equitable Investors expressly disclaims all liability for errors and omissions in the materials on this blog and for the use or interpretation by others of information contained on the blog.