Best International Stock Picks
And, Polygon's whale transaction surge.
Today is Monday, November 13, 2023.
The Early Bird Index today is 58.45.
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Best International Stock Picks
Here’s a deep dive into the most promising stocks outside of the U.S., according to Mike Darkowski, CEO and founder of Scrab.com, in a new episode of the Early Bird podcast.
Definition: Some investors suffer from Home Bias, according to Darkowski, which is when investors are only focused on domestic stocks. Investors should also look at international stocks.
Semi Good: If you like semiconductor companies, Darkowski suggests keeping an eye on Infineon Technologies (FRA: IFX). The company is based in Germany but serves companies around the world, including those in the United States. Darkowski said that the company is improving its profitability, has a good valuation, and has lower levels of debt.
Big Bet: Then there’s the lottery and sports betting company Greek Organisation of Football Prognostics ADR (OTCMKTS: GOFPY). Darkowski said that this Greece-based company doubled its revenue over the last three years.
Going Fishing: Keep an eye on the farmed salmon company SalMar ASA (SALM.OL). Darkowski said that this Norway-based company gets half of its revenue from its home country, so it could be a nice way to diversify a portfolio.
Final Thoughts: What other stocks does Darkowski recommend that investors look at right now? Listen to a new episode of the Early Bird podcast to find out.
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Notable Earnings Today: Monday.com (Nasdaq: MNDY), Tyson Foods (NYSE: TSN), Fisker (NYSE: FSR), Fortrea (Nasdaq: FTRE), Star Bulk Carriers (Nasdaq: SBLK), Intuitive Machines (Nasdaq: LUNR), Tower Semiconductor (Nasdaq: TSEM), Rumble (Nasdaq: RUM), AECOM (NYSE: ACM), Harrow (Nasdaq: HROW), Sun Life (NYSE: SLF), Capital Product Partners (Nasdaq: CPLP), Genius Sports (NYSE: GENI), The Beauty Health Company (Nasdaq: SKIN), Asure (Nasdaq: ASUR), Henry Schein (Nasdaq: HSIC), Terawulf (Nasdaq: WULF), Ellington Residential Mortgage REIT (NYSE: EARN), Li-Cycle (NYSE: LICY), N-Able (NYSE: NABL), Sanara MedTech (Nasdaq: SMTI), Spero Therapeutics (Nasdaq: SPO).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Krapow Kitchen (SMBX), Inergy (StartEngine), Solubag (MicroVentures), AvaWatz (Wefunder), Mill City BBQ & Brew (Mainvest), Vita Imaging (StartEngine), Hoff and Pepper (StartEngine).
Notable Economic Events Today: Crude Oil Inventories (10:30 a.m. ET), Federal Budget Balance (2:00 p.m. ET).
Polygon's Whale Transaction Surge
The price of Polygon jumped 10% on Sunday, higher than most other cryptocurrency prices.
Details: According to one report, the price of Polygon grew thanks to a surge in large-scale transactions of more than $100,000, known as “whale transactions.”
Price Watch: Polygon is up 70% in the last 30 days.
Final Thoughts: While lagging behind some of the other big cryptos this year, Polygon has been growing (and has been volatile at times).
Boeing’s China Freeze May End
The commercial freeze for Boeing (NYSE: BA) in China may finally come to an end this week.
Details: A Bloomberg report on Sunday found that China may go back to buying Boeing’s 737 Max when leaders from the U.S. and China meet this week. For the longest time, China prevented companies from buying the 737 Max.
Final Thoughts: This is good news for Boeing. The stock has been flat this year, although Boeing is up 6% in the last 30 days.
Trends to Watch
Seeking Clarity: BMW says it is looking into Morocco labour, environment issues after newspaper report (Reuters)
Weekly Preview: This week’s October inflation data looms large on Washington’s economic radar (MarketWatch)
Big Year: Number of Bitcoin millionaire wallets triples in 2023 (Cointelegraph)
Big Day: Xiaomi claims a record $3.11 billion in Singles Day sales (CNBC)
Coming Together: European Crowdfunding Platforms Merge in Response to New Regulations (Crowdfund Insider)
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