Anti-obesity drug is the new luxury...Novo is Europe's biggest company
Source: TME, Refinitiv
The largest automakers in the world by market cap
As highlighted by Oktay Kavrak, CFA, the largest US firm is only number 10. There is also an interesting (still relatively unknown) newcomer: VINFAST, a car brand from Vietnam. The stock is up nearly 700% since going public on the Nasdaq and - at least briefly - became the 3rd biggest automaker in the world and at one point was worth more than Boeing, Disney and Goldman Sachs. What is also notable is that VINFAST is not profitable yet. Moreover, the number of cars is still pretty low: 24,000 in 2022 (vs. millions for the more traditional automakers or Tesla). Source Chart: Leverage Shares
Novo Nordisk flag breakout
Novo Nordisk (NOVOB DC) is breaking out 3 weeks continuation flag pattern. Volume is above average volume. Source : Bloomberg
EU watchdog monitors surge of cash going into biodiversity funds
The surge in money going into biodiversity funds is the "next frontier" of ESG investing and warrants increased monitoring to avoid greenwashing, the European Union's securities regulator said.
The cumulative flow of money into biodiversity funds reached 854 million euros ($931 million) in the two years to June 2023, with 73% of the funds launched since 2022.
Source: Reuters
JPMorgan Chase approaching double support zone
JPMorgan Chase (JPM US) is approaching October 2022 uptrend support and July breakout level. Keep an on 143.50-145.50 zone for support. Source : Bloomberg
Three steps to investing heaven…
Source - Investing for Growth by Terry Smith thru Vishal Khandelwal
China's holdings of US Treasuries just reached its lowest level in 14 years
Now down almost $481B from peak levels. Source: Crescat Capital, Bloomberg
Crude Oil WTI is trying to break resistance
Crude Oil WTI is trying to break for the second time April high. Keep an eye at 84.40 resistance. Source : Bloomberg
